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1moretime

1moretime

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2021-12-11

Why?? Again?!

Sea Ltd stock dropped more than 5% in morning trading

2021-12-05

This is so sad.

Alibaba shares fell nearly 9%, hitting a 52 week low

2021-11-10

C’mon! Give us something to cheer about

抱歉，原内容已删除

2021-11-08

I love good news!

抱歉，原内容已删除

2021-11-06

Such a bold piece!

Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.

2021-10-29

Facebook -> Meta.. that’s gonna take some getting used to

Facebook Changes Name to Meta in Embrace of Virtual Reality

2021-10-26

There is no stopping Tesla!

Dow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation

2021-10-24

Market leader calls the shots!

Tesla hikes price of Model X, Model S variants by $5,000

2021-10-06

💪🏻💪🏻💪🏻

Facebook dropped nearly 5% after the worst outage and whistleblower interview

2021-10-05

Just another hiccup for Facebook.

抱歉，原内容已删除

2021-10-02

I am watching you Pinterest!

Here's Why Smart Investors Are Watching Pinterest Right Now

2021-09-24

Seems like no news is bad enough to hamper the optimism in the market!

Indexes close up more than 1% as investors assess Fed news

2021-09-23

💪🏻💪🏻💪🏻

抱歉，原内容已删除

2021-09-14

A very sensible read.

抱歉，原内容已删除

2021-09-10

Defying the odds

抱歉，原内容已删除

2021-09-01

$SEMBCORP MARINE LTD(S51.SI)$What should I do with you now..??

2021-08-29

Another Wolf of Wall Street.. Amazing how they can pull off feats like that and how long it takes the rest of the world to find out. A good read!

Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers

2021-08-24

//@1moretime:Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.

抱歉，原内容已删除

2021-08-24

Well I think it is subjective and differs from person to person. //@Short:Penny stock is like gambling in a casino. Always fun

Penny Stocks: Why You Should Always Stay Away

2021-08-22

Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.

抱歉，原内容已删除

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}\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; 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Give us something to cheer about&nbsp;","listText":"C’mon! Give us something to cheer about&nbsp;","text":"C’mon! Give us something to cheer about","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847605213","repostId":"1179672442","repostType":4,"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845827717,"gmtCreate":1636330147468,"gmtModify":1636330147709,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"I love good news!","listText":"I love good news!","text":"I love good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845827717","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842129109,"gmtCreate":1636157017893,"gmtModify":1636157018178,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Such a bold piece!","listText":"Such a bold piece!","text":"Such a bold piece!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842129109","repostId":"1180620689","repostType":4,"repost":{"id":"1180620689","pubTimestamp":1636112077,"share":"https://www.laohu8.com/m/news/1180620689?lang=&edition=full","pubTime":"2021-11-05 19:34","market":"us","language":"en","title":"Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.","url":"https://stock-news.laohu8.com/highlight/detail?id=1180620689","media":"Barrons","summary":"Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-r","content":"<p>Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The firm’s CEO, David Trainer, says Tesla shares could fall as much as 88%, to roughly $150 a share.</p>\n<p>His argument, which isn’t the first extreme bear or bull case Tesla (ticker: TSLA) investors have had to weigh, is mainly based on math.</p>\n<p>Tesla stock, which has risen about 57% over the past month, was little changed in premarket trading Friday after gaining up 1.3% Thursday afternoon, while the&nbsp;S&amp;P 500&nbsp;advanced 0.4% and the&nbsp;Dow Jones Industrial Average&nbsp;finished off 0.1%. Strong third-quarter deliveries, earnings, and a sale of 100,000 vehicles to the rental-car company&nbsp;Hertz&nbsp;(HTZZ) have sent the stock through the roof.</p>\n<p>Today, Tesla is worth roughly $1.2 trillion–a figure Trainer says makes no sense. Tesla didn’t immediately respond to a request for comment.</p>\n<p>“The $1.2 trillion valuation implies Tesla owns 118% of the entire global passenger EV market and becomes more profitable than&nbsp;Apple&nbsp;[AAPL] by 2030,” wrote Trainer in a Thursday report. His work looked at what kind of sales and earnings the company would have to achieve to be worth that much.</p>\n<p>Trainer believes Tesla would have to sell almost 31 million vehicles in 2030 to justify the current valuation. That is more than he expects the entire industry to produce, based on figures from the International Energy Agency. The base case in the IEA’s 2021 outlook for electric vehicles projects annual global sales of about 28 million EVs at the end of the decade.</p>\n<p>To be sure, that IEA report was published in April, before many auto makers committed to spending billions of dollars on vehicle electrification and battery-production capacity. It was in August that President Joe Biden announced his <a href=\"https://www.marketwatch.com/articles/tesla-musk-biden-ev-stock-51628202850\" target=\"_blank\">goal for EVs</a> to account for 50% of new-car sales by 2030. And the IEA report includes a best-case scenario with about 47 million EVs sold around the world annually by 2030.</p>\n<p>There are, of course, Tesla bulls, and most of them don’t believe Tesla is going to sell 31 million cars a year by 2030. Morgan Stanley’s Adam Jonas, who rates the stock at Buy and has a $1,200 price target for shares, predicts annual sales of about 8 million units by then.</p>\n<p>Jonas believes Tesla will be more profitable than traditional auto makers. But Trainer assumes that Tesla will have operating profit margins in line with those of General Motors&nbsp;(GM). With 31 million vehicles sold, that might mean Tesla earns $131 billion in 2030 operating profit, higher than the $100 billion-plus Apple is pulling in now, he said.</p>\n<p>But if Jonas’s call for Tesla to sell 8 million vehicles in 2030 is correct, Trainer said, that would yield earnings of about $30 billion annually, assuming Elon Musk’s company only matches GM’s net operating after-tax profit margin of 8.5%.</p>\n<p>Recently, of course, some of Tesla’s profit margins have been industry-leading, which is no surprise given the popularity of the vehicles and the fact that the company doesn’t have the pension obligations its older rivals face. Third-quarter gross margins exceeded GM’s,Ford Motor‘s (F), and&nbsp;Volkswagen’s&nbsp;(VOW3. Germany), to name a few.</p>\n<p>Longer-term margins are hard to predict, though Trainer told <i>Barron’s</i> he thinks his assumption is fair. They depend on factors such as software sales—all auto makers are offering software-enabled features that can be sold on subscriptions—as well as battery costs.</p>\n<p>“Putting it all together: Tesla provides poor risk/reward,” Trainer wrote.</p>\n<p>His arguments are unlikely to sway the many bulls who follow the stock. There are 14 analysts, almost one-third of the 44 Bloomberg tracks, with target prices that value Tesla at $1 trillion or more.</p>\n<p>The bulls believe Tesla is the EV leader and will increase its sales and production volume at 50% a year on average for the foreseeable future. They also believe EVs will be more profitable than traditional vehicles and that Tesla will maintain its cost leadership. Many bulls also believe that Tesla’s power-storage business, plus a robotaxi operation it could launch if it succeeds in developing self-driving cars, will generate significant sales.</p>\n<p>Time will tell who is right. The bulls are feeling good these days given Tesla’s strong results. And the bears are staring agape at the stock’s valuation, which essentially matches all of the world’s traditional auto makers combined.</p>","source":"lsy1601382232898","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>Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.</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\">\nTesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-05 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST\">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.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180620689","content_text":"Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The firm’s CEO, David Trainer, says Tesla shares could fall as much as 88%, to roughly $150 a share.\nHis argument, which isn’t the first extreme bear or bull case Tesla (ticker: TSLA) investors have had to weigh, is mainly based on math.\nTesla stock, which has risen about 57% over the past month, was little changed in premarket trading Friday after gaining up 1.3% Thursday afternoon, while the S&P 500 advanced 0.4% and the Dow Jones Industrial Average finished off 0.1%. Strong third-quarter deliveries, earnings, and a sale of 100,000 vehicles to the rental-car company Hertz (HTZZ) have sent the stock through the roof.\nToday, Tesla is worth roughly $1.2 trillion–a figure Trainer says makes no sense. Tesla didn’t immediately respond to a request for comment.\n“The $1.2 trillion valuation implies Tesla owns 118% of the entire global passenger EV market and becomes more profitable than Apple [AAPL] by 2030,” wrote Trainer in a Thursday report. His work looked at what kind of sales and earnings the company would have to achieve to be worth that much.\nTrainer believes Tesla would have to sell almost 31 million vehicles in 2030 to justify the current valuation. That is more than he expects the entire industry to produce, based on figures from the International Energy Agency. The base case in the IEA’s 2021 outlook for electric vehicles projects annual global sales of about 28 million EVs at the end of the decade.\nTo be sure, that IEA report was published in April, before many auto makers committed to spending billions of dollars on vehicle electrification and battery-production capacity. It was in August that President Joe Biden announced his goal for EVs to account for 50% of new-car sales by 2030. And the IEA report includes a best-case scenario with about 47 million EVs sold around the world annually by 2030.\nThere are, of course, Tesla bulls, and most of them don’t believe Tesla is going to sell 31 million cars a year by 2030. Morgan Stanley’s Adam Jonas, who rates the stock at Buy and has a $1,200 price target for shares, predicts annual sales of about 8 million units by then.\nJonas believes Tesla will be more profitable than traditional auto makers. But Trainer assumes that Tesla will have operating profit margins in line with those of General Motors (GM). With 31 million vehicles sold, that might mean Tesla earns $131 billion in 2030 operating profit, higher than the $100 billion-plus Apple is pulling in now, he said.\nBut if Jonas’s call for Tesla to sell 8 million vehicles in 2030 is correct, Trainer said, that would yield earnings of about $30 billion annually, assuming Elon Musk’s company only matches GM’s net operating after-tax profit margin of 8.5%.\nRecently, of course, some of Tesla’s profit margins have been industry-leading, which is no surprise given the popularity of the vehicles and the fact that the company doesn’t have the pension obligations its older rivals face. Third-quarter gross margins exceeded GM’s,Ford Motor‘s (F), and Volkswagen’s (VOW3. Germany), to name a few.\nLonger-term margins are hard to predict, though Trainer told Barron’s he thinks his assumption is fair. They depend on factors such as software sales—all auto makers are offering software-enabled features that can be sold on subscriptions—as well as battery costs.\n“Putting it all together: Tesla provides poor risk/reward,” Trainer wrote.\nHis arguments are unlikely to sway the many bulls who follow the stock. There are 14 analysts, almost one-third of the 44 Bloomberg tracks, with target prices that value Tesla at $1 trillion or more.\nThe bulls believe Tesla is the EV leader and will increase its sales and production volume at 50% a year on average for the foreseeable future. They also believe EVs will be more profitable than traditional vehicles and that Tesla will maintain its cost leadership. Many bulls also believe that Tesla’s power-storage business, plus a robotaxi operation it could launch if it succeeds in developing self-driving cars, will generate significant sales.\nTime will tell who is right. The bulls are feeling good these days given Tesla’s strong results. And the bears are staring agape at the stock’s valuation, which essentially matches all of the world’s traditional auto makers combined.","news_type":1},"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854591447,"gmtCreate":1635466572944,"gmtModify":1635466710763,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Facebook -&gt; Meta.. that’s gonna take some getting used to","listText":"Facebook -&gt; Meta.. that’s gonna take some getting used to","text":"Facebook -> Meta.. that’s gonna take some getting used to","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/854591447","repostId":"2179293785","repostType":4,"repost":{"id":"2179293785","pubTimestamp":1635460242,"share":"https://www.laohu8.com/m/news/2179293785?lang=&edition=full","pubTime":"2021-10-29 06:30","market":"us","language":"en","title":"Facebook Changes Name to Meta in Embrace of Virtual Reality","url":"https://stock-news.laohu8.com/highlight/detail?id=2179293785","media":"Bloomberg","summary":"CEO Zuckerberg calls the metaverse the ‘next frontier’\nStock to begin trading under new ticker MVRS ","content":"<ul>\n <li>CEO Zuckerberg calls the metaverse the ‘next frontier’</li>\n <li>Stock to begin trading under new ticker MVRS on Dec. 1</li>\n</ul>\n<p>Facebook Inc.&nbsp;is re-christening itself Meta Platforms Inc., decoupling its corporate identity from the eponymous social network mired in toxic content, and highlighting a shift to an emerging computing platform focused on virtual reality.</p>\n<p>“The metaverse is the next frontier,” Chief Executive Officer Mark Zuckerberg said in a presentation at Facebook’s Connect conference, held virtually on Thursday. “From now on, we’re going to be metaverse-first, not Facebook-first.”</p>\n<p>The name change is the most definitive signal so far of the company’s intention to stake its future on a new computing platform -- the metaverse, an idea born in the imaginations of sci-fi novelists. In Meta’s vision, people will congregate and communicate by entering virtual environments, whether they’re talking with colleagues in a boardroom or hanging out with friends in far-flung corners of the world.</p>\n<p>The new name won’t affect how the company uses or shares data, and the corporate structure isn’t changing. Apps including the flagship social network, Instagram, Messenger and WhatsApp will also keep their monikers. The company&nbsp;said&nbsp;its stock will start trading under a new ticker, MVRS, on Dec. 1.</p>\n<p>The erstwhile Facebook is hoping to parlay its social-media user base, comprising more than 3 billion people globally, into an audience that will embrace immersive digital experiences through devices powered by augmented and virtual reality software, a business already being aggressively pursued by Meta and its rivals.</p>\n<p>“Right now, our brand is so tightly linked with one product that can’t possibly represent everything we’re doing today,” Zuckerberg said, “let alone in the future.”</p>\n<p>Adoption of virtual reality gadgets -- like Meta’s Oculus headset -- has so far been minimal and their use mostly relegated to games and other niche applications. While achieving the broader vision of the metaverse is still years away, at Thursday’s event Meta announced a handful of product updates meant to advance that goal.</p>\n<p>Shares of Menlo Park, California-based Meta rose 1.5% to $316.92 at the close of New York trading. The stock has risen more than eightfold since the company’s 2012 initial public offering.</p>\n<p>The name change follows Meta’s disclosure on Monday that it will start breaking out financial results for the division known as Reality Labs, which includes the Oculus hardware division, next quarter. Meta wants to separate its main digital advertising business from its new investments in AR and VR to let investors see the costs and revenue associated with those efforts. The company also said it will see a $10 billion reduction in operating profit this year because of investments in Reality Labs.</p>\n<p>Meta isn’t the first tech giant to rebrand. Internet search leader Google changed its company name to Alphabet Inc. in October 2015, seeking to provide a stronger, more accountable corporate structure to oversee its disparate businesses, co-founder Larry Page said at the time. Alphabet became the holding company for Google’s internet businesses, self-driving car developer Waymo, life-sciences subsidiary Verily and others, including a variety of experimental endeavors. Facebook’s name change doesn’t include such a significant structural overhaul.</p>\n<p>Meta may have other reasons to make changes to its corporate identity. Leaning harder into the metaverse lets the company appear to be diversifying its business at a time when it’s facing new pressures in the social media market. Younger rivals such as ByteDance Ltd.’s TikTok are gaining traction among the under-25 age cohort, and Zuckerberg said on Monday he is retooling Meta to focus on attracting young adults again.</p>\n<p>Building out the metaverse will also allow Meta to reduce its dependency on mobile operating-system and browser makers such as Google and Apple Inc. to deliver services to consumers. Meta’s third-quarter sales and the fourth-quarter forecast missed analysts’ estimates in part because of Apple’s new rules around the data apps like Facebook and Instagram can collect from iPhone users. The company seems increasingly aware that it doesn’t own the foundations of the digital real estate most users occupy.</p>\n<p>“At some point, over the next decade, there is going to be a new computing platform,” said Mark Shmulik, an analyst at Sanford C. Bernstein. “So their view is like when it does change over, we want to be --- for lack of a better word -- the Apple or the Google.”</p>\n<p>Still, Meta is a money-making machine, and has grown to be the sixth most-valuable company in the world by market capitalization.Revenue&nbsp;is expected to top $117 billion this year, up from $5 billion in 2012, the year Facebook went public. Net income is projected to approach $40 billion in 2021. The social network has about 24% of the estimated $200 billion digital advertising market, according to analyst EMarketer Inc., dominating the industry alongside Google, which leads with about 29%.</p>\n<p>Meta may also be hoping the name change will divert public conversation from a wave of negative news reports based on the documents collected by former product manager-turned whistle-blower Frances Haugen. The documents, dubbed the Facebook Papers, were disclosed to the U.S. Securities and Exchange Commission and provided to Congress in redacted form by Haugen’s legal counsel. The company is battling accusations that it has misled investors and the public about its user growth, efforts to fight hate speech and disinformation, and how the platform was used to organize the Jan. 6 attack on the U.S. Capitol.</p>\n<p>Zuckerberg pledged that the metaverse will have privacy standards, parental controls and disclosures about data use that his social network has famously lacked.</p>\n<p>“Everyone who’s building for the Metaverse should be focused on building responsibly from the beginning,” Zuckerberg said during a video presentation on Thursday. “This is one of the lessons I’ve internalized from the last five years -- that you really want to emphasize these principles from the start.”</p>\n<p>Andrew Bosworth, the longtime executive who has been overseeing Meta’s AR and VR products since 2017, has been tapped to take over as chief technology officer in early 2022, a role that includes overseeing the company’s development of the metaverse.</p>\n<p>Realizing the company’s vision of a widely used metaverse will be an uphill fight. For starters, Meta will have significant competition when Apple releases a rival VR device. Facebook was years behind rival Snapchat with its debut last month of Ray-Ban Stories, smart glasses that can record audio and video but don’t yet have AR capability. Zuckerberg has said that multiple companies should build and contribute to the metaverse with interoperability in mind.</p>\n<p>Meta is also likely to face questions from regulators about how it will protect privacy and manage the potential for hateful or harassing content the new digital worlds of the metaverse. Finally, building out the metaverse is going to require a lot of money up front, with no guarantee the idea will take off.</p>\n<p>“It’s a significant amount of capital to invest in frankly a nebulous idea at this point,” Shmulik said. “You have to believe you’re going to get the use-case correct that’s going to drive consumer adoption.”</p>\n<p>The social network in the past has sought to put the Facebook imprint front and center on more of its products. In late 2019, it&nbsp;tried&nbsp;to make clearer that many of the most popular social apps, like Instagram and WhatsApp, are Meta-owned products, while simultaneously creating a distinction between the corporation and the main Facebook social media app.</p>\n<p>Apparel brands have made their own attempts to create new corporate identities. In 2017, leather-goods maker Coach Inc., which also owns the Stuart Weitzman and Kate Spade product lines, changed its name to Tapestry Inc. The following year, Michael Kors Holdings Ltd. rechristened itself&nbsp;Capri Holdings Ltd.&nbsp;after agreeing to buy the Versace brand.</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>Facebook Changes Name to Meta in Embrace of Virtual Reality</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\">\nFacebook Changes Name to Meta in Embrace of Virtual Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-28/facebook-changes-name-to-meta-in-embrace-of-virtual-reality?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEO Zuckerberg calls the metaverse the ‘next frontier’\nStock to begin trading under new ticker MVRS on Dec. 1\n\nFacebook Inc. is re-christening itself Meta Platforms Inc., decoupling its corporate ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-28/facebook-changes-name-to-meta-in-embrace-of-virtual-reality?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":{},"source_url":"https://www.bloomberg.com/news/articles/2021-10-28/facebook-changes-name-to-meta-in-embrace-of-virtual-reality?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179293785","content_text":"CEO Zuckerberg calls the metaverse the ‘next frontier’\nStock to begin trading under new ticker MVRS on Dec. 1\n\nFacebook Inc. is re-christening itself Meta Platforms Inc., decoupling its corporate identity from the eponymous social network mired in toxic content, and highlighting a shift to an emerging computing platform focused on virtual reality.\n“The metaverse is the next frontier,” Chief Executive Officer Mark Zuckerberg said in a presentation at Facebook’s Connect conference, held virtually on Thursday. “From now on, we’re going to be metaverse-first, not Facebook-first.”\nThe name change is the most definitive signal so far of the company’s intention to stake its future on a new computing platform -- the metaverse, an idea born in the imaginations of sci-fi novelists. In Meta’s vision, people will congregate and communicate by entering virtual environments, whether they’re talking with colleagues in a boardroom or hanging out with friends in far-flung corners of the world.\nThe new name won’t affect how the company uses or shares data, and the corporate structure isn’t changing. Apps including the flagship social network, Instagram, Messenger and WhatsApp will also keep their monikers. The company said its stock will start trading under a new ticker, MVRS, on Dec. 1.\nThe erstwhile Facebook is hoping to parlay its social-media user base, comprising more than 3 billion people globally, into an audience that will embrace immersive digital experiences through devices powered by augmented and virtual reality software, a business already being aggressively pursued by Meta and its rivals.\n“Right now, our brand is so tightly linked with one product that can’t possibly represent everything we’re doing today,” Zuckerberg said, “let alone in the future.”\nAdoption of virtual reality gadgets -- like Meta’s Oculus headset -- has so far been minimal and their use mostly relegated to games and other niche applications. While achieving the broader vision of the metaverse is still years away, at Thursday’s event Meta announced a handful of product updates meant to advance that goal.\nShares of Menlo Park, California-based Meta rose 1.5% to $316.92 at the close of New York trading. The stock has risen more than eightfold since the company’s 2012 initial public offering.\nThe name change follows Meta’s disclosure on Monday that it will start breaking out financial results for the division known as Reality Labs, which includes the Oculus hardware division, next quarter. Meta wants to separate its main digital advertising business from its new investments in AR and VR to let investors see the costs and revenue associated with those efforts. The company also said it will see a $10 billion reduction in operating profit this year because of investments in Reality Labs.\nMeta isn’t the first tech giant to rebrand. Internet search leader Google changed its company name to Alphabet Inc. in October 2015, seeking to provide a stronger, more accountable corporate structure to oversee its disparate businesses, co-founder Larry Page said at the time. Alphabet became the holding company for Google’s internet businesses, self-driving car developer Waymo, life-sciences subsidiary Verily and others, including a variety of experimental endeavors. Facebook’s name change doesn’t include such a significant structural overhaul.\nMeta may have other reasons to make changes to its corporate identity. Leaning harder into the metaverse lets the company appear to be diversifying its business at a time when it’s facing new pressures in the social media market. Younger rivals such as ByteDance Ltd.’s TikTok are gaining traction among the under-25 age cohort, and Zuckerberg said on Monday he is retooling Meta to focus on attracting young adults again.\nBuilding out the metaverse will also allow Meta to reduce its dependency on mobile operating-system and browser makers such as Google and Apple Inc. to deliver services to consumers. Meta’s third-quarter sales and the fourth-quarter forecast missed analysts’ estimates in part because of Apple’s new rules around the data apps like Facebook and Instagram can collect from iPhone users. The company seems increasingly aware that it doesn’t own the foundations of the digital real estate most users occupy.\n“At some point, over the next decade, there is going to be a new computing platform,” said Mark Shmulik, an analyst at Sanford C. Bernstein. “So their view is like when it does change over, we want to be --- for lack of a better word -- the Apple or the Google.”\nStill, Meta is a money-making machine, and has grown to be the sixth most-valuable company in the world by market capitalization.Revenue is expected to top $117 billion this year, up from $5 billion in 2012, the year Facebook went public. Net income is projected to approach $40 billion in 2021. The social network has about 24% of the estimated $200 billion digital advertising market, according to analyst EMarketer Inc., dominating the industry alongside Google, which leads with about 29%.\nMeta may also be hoping the name change will divert public conversation from a wave of negative news reports based on the documents collected by former product manager-turned whistle-blower Frances Haugen. The documents, dubbed the Facebook Papers, were disclosed to the U.S. Securities and Exchange Commission and provided to Congress in redacted form by Haugen’s legal counsel. The company is battling accusations that it has misled investors and the public about its user growth, efforts to fight hate speech and disinformation, and how the platform was used to organize the Jan. 6 attack on the U.S. Capitol.\nZuckerberg pledged that the metaverse will have privacy standards, parental controls and disclosures about data use that his social network has famously lacked.\n“Everyone who’s building for the Metaverse should be focused on building responsibly from the beginning,” Zuckerberg said during a video presentation on Thursday. “This is one of the lessons I’ve internalized from the last five years -- that you really want to emphasize these principles from the start.”\nAndrew Bosworth, the longtime executive who has been overseeing Meta’s AR and VR products since 2017, has been tapped to take over as chief technology officer in early 2022, a role that includes overseeing the company’s development of the metaverse.\nRealizing the company’s vision of a widely used metaverse will be an uphill fight. For starters, Meta will have significant competition when Apple releases a rival VR device. Facebook was years behind rival Snapchat with its debut last month of Ray-Ban Stories, smart glasses that can record audio and video but don’t yet have AR capability. Zuckerberg has said that multiple companies should build and contribute to the metaverse with interoperability in mind.\nMeta is also likely to face questions from regulators about how it will protect privacy and manage the potential for hateful or harassing content the new digital worlds of the metaverse. Finally, building out the metaverse is going to require a lot of money up front, with no guarantee the idea will take off.\n“It’s a significant amount of capital to invest in frankly a nebulous idea at this point,” Shmulik said. “You have to believe you’re going to get the use-case correct that’s going to drive consumer adoption.”\nThe social network in the past has sought to put the Facebook imprint front and center on more of its products. In late 2019, it tried to make clearer that many of the most popular social apps, like Instagram and WhatsApp, are Meta-owned products, while simultaneously creating a distinction between the corporation and the main Facebook social media app.\nApparel brands have made their own attempts to create new corporate identities. In 2017, leather-goods maker Coach Inc., which also owns the Stuart Weitzman and Kate Spade product lines, changed its name to Tapestry Inc. The following year, Michael Kors Holdings Ltd. rechristened itself Capri Holdings Ltd. after agreeing to buy the Versace brand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856723777,"gmtCreate":1635214616964,"gmtModify":1635214617204,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"There is no stopping Tesla!","listText":"There is no stopping Tesla!","text":"There is no stopping Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856723777","repostId":"1182426097","repostType":4,"repost":{"id":"1182426097","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1635202960,"share":"https://www.laohu8.com/m/news/1182426097?lang=&edition=full","pubTime":"2021-10-26 07:02","market":"us","language":"en","title":"Dow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1182426097","media":"Reuters","summary":"NEW YORK  - The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.While the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached ","content":"<p>NEW YORK (Reuters) - The Dow Industrials and S&amp;P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.</p>\n<p>While the Dow and S&amp;P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.</p>\n<p>Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.</p>\n<p>“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Tesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&amp;P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.</p>\n<p>The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&amp;P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.</p>\n<p>U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.</p>\n<p>The majority of the 11 major S&amp;P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.</p>\n<p>Shares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more&nbsp;than&nbsp;1% in extended trade in choppy trading.</p>\n<p>Other mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.</p>\n<p>This week, 165 components of the S&amp;P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&amp;P 500 companies to grow 34.8% year-on-year for the third quarter.</p>\n<p>Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&amp;P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.</p>\n<p>“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.</p>\n<p>Shares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.</p>\n<p>Volume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.</p>","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>Dow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nDow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-26 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK (Reuters) - The Dow Industrials and S&amp;P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.</p>\n<p>While the Dow and S&amp;P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.</p>\n<p>Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.</p>\n<p>“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Tesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&amp;P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.</p>\n<p>The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&amp;P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.</p>\n<p>U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.</p>\n<p>The majority of the 11 major S&amp;P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.</p>\n<p>Shares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more&nbsp;than&nbsp;1% in extended trade in choppy trading.</p>\n<p>Other mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.</p>\n<p>This week, 165 components of the S&amp;P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&amp;P 500 companies to grow 34.8% year-on-year for the third quarter.</p>\n<p>Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&amp;P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.</p>\n<p>“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.</p>\n<p>Shares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.</p>\n<p>Volume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","TSLA":"特斯拉",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182426097","content_text":"NEW YORK (Reuters) - The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.\nWhile the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.\nTesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.\n“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nTesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.\nThe Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.\nU.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.\nThe majority of the 11 major S&P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.\nShares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more than 1% in extended trade in choppy trading.\nOther mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.\nThis week, 165 components of the S&P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&P 500 companies to grow 34.8% year-on-year for the third quarter.\nInvestors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.\n“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.\nShares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.\nThe S&P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.\nVolume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858568578,"gmtCreate":1635084549576,"gmtModify":1635084549761,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Market leader calls the shots!","listText":"Market leader calls the shots!","text":"Market leader calls the shots!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858568578","repostId":"2177448205","repostType":4,"repost":{"id":"2177448205","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1635027800,"share":"https://www.laohu8.com/m/news/2177448205?lang=&edition=full","pubTime":"2021-10-24 06:23","market":"us","language":"en","title":"Tesla hikes price of Model X, Model S variants by $5,000","url":"https://stock-news.laohu8.com/highlight/detail?id=2177448205","media":"Reuters","summary":"Oct 23 (Reuters) - Tesla Inc has increased the price of its Model X Long Range and Model S Long Rang","content":"<p>Oct 23 (Reuters) - Tesla Inc has increased the price of its Model X Long Range and Model S Long Range variants by $5,000, the electric-car maker's website showed on Saturday.</p>\n<p>The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively.</p>\n<p>Prices for the Model Y Long Range and Model 3 Standard Range Plus rose by $2,000, to $56,990 and $43,990 respectively, according to the website.</p>","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>Tesla hikes price of Model X, Model S variants by $5,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla hikes price of Model X, Model S variants by $5,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-24 06:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Oct 23 (Reuters) - Tesla Inc has increased the price of its Model X Long Range and Model S Long Range variants by $5,000, the electric-car maker's website showed on Saturday.</p>\n<p>The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively.</p>\n<p>Prices for the Model Y Long Range and Model 3 Standard Range Plus rose by $2,000, to $56,990 and $43,990 respectively, according to the website.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2177448205","content_text":"Oct 23 (Reuters) - Tesla Inc has increased the price of its Model X Long Range and Model S Long Range variants by $5,000, the electric-car maker's website showed on Saturday.\nThe Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively.\nPrices for the Model Y Long Range and Model 3 Standard Range Plus rose by $2,000, to $56,990 and $43,990 respectively, according to the website.","news_type":1},"isVote":1,"tweetType":1,"viewCount":830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829230408,"gmtCreate":1633510080928,"gmtModify":1633510081160,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"💪🏻💪🏻💪🏻","listText":"💪🏻💪🏻💪🏻","text":"💪🏻💪🏻💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829230408","repostId":"1143781634","repostType":4,"repost":{"id":"1143781634","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633390342,"share":"https://www.laohu8.com/m/news/1143781634?lang=&edition=full","pubTime":"2021-10-05 07:32","market":"us","language":"en","title":"Facebook dropped nearly 5% after the worst outage and whistleblower interview","url":"https://stock-news.laohu8.com/highlight/detail?id=1143781634","media":"Tiger Newspress","summary":"Facebook shares fell nearly 5% on Monday after the company suffered its worst service outage in abou","content":"<p>Facebook shares fell nearly 5% on Monday after the company suffered its worst service outage in about 13 years, and a day after “60 Minutes” aired an interview with a whistleblower, who accused the company ofbetraying democracy.</p>\n<p>Shares suffer largest decline in nearly a year as Facebook.The market wasbroadly down Monday, with the tech-heavy Nasdaq Composite dropping over 2%. The decline was particularly sharp among social media stocks, asTwitter,SnapandPinteresteach fell more than 5%.</p>\n<p>Shortly before noon ET, Facebook’s main app experienced an outage for more than six hours Monday, as did its Instagram and WhatsApp services.</p>\n<p>The outage marks the worst for Facebook since 2008, when a bug knocked the company’s services offline for about a day, affecting about 80 million users. The company now boasts 3 billion users.</p>\n<p>It’s been a rough week for Facebook, and got worse Sunday night.</p>\n<p>In an interview with “60 Minutes,” Frances Haugen revealed herself to be the whistleblower who provided key internal company documents to the Wall Street Journal. The Journal has used the information in a series of recent reports titled “The Facebook Files.”</p>\n<p>Haugen is a former product manager on Facebook’s civic misinformation division who left the company in May and made copies of numerous internal files before departing the company. Haugen accused Facebook of prioritizing its “own profits over public safety — putting people’s lives at risk.”</p>\n<p>What’s Next For Facebook Stock?</p>\n<p>Interestingly, earnings estimates for Facebook continued to move higher in recent weeks. Currently, analysts expect that Facebook will report earnings of $14.14 per share in 2021 and $16.09 per share in 2022, so the stock is trading at roughly 20 forward P/E, which looks like a normal valuation level in the current market environment.</p>\n<p>However, the market is focused on regulatory risks rather than earnings. If global regulators put enough pressure on Facebook, analysts will have to adjust their forecasts.</p>\n<p>The main risk for Facebook is the disruption of the current business model rather than fines from regulators. It is hard to evaluate this risk in a quantitative way, so the market is nervous.</p>\n<p>It remains to be seen whether speculative traders will rush to buy Facebook stock after it declined by roughly 15% from the recent highs. The headline risk is significant, and the stock may gain additional downside momentum on any negative news.</p>","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>Facebook dropped nearly 5% after the worst outage and whistleblower interview</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\">\nFacebook dropped nearly 5% after the worst outage and whistleblower interview\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-10-05 07:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Facebook shares fell nearly 5% on Monday after the company suffered its worst service outage in about 13 years, and a day after “60 Minutes” aired an interview with a whistleblower, who accused the company ofbetraying democracy.</p>\n<p>Shares suffer largest decline in nearly a year as Facebook.The market wasbroadly down Monday, with the tech-heavy Nasdaq Composite dropping over 2%. The decline was particularly sharp among social media stocks, asTwitter,SnapandPinteresteach fell more than 5%.</p>\n<p>Shortly before noon ET, Facebook’s main app experienced an outage for more than six hours Monday, as did its Instagram and WhatsApp services.</p>\n<p>The outage marks the worst for Facebook since 2008, when a bug knocked the company’s services offline for about a day, affecting about 80 million users. The company now boasts 3 billion users.</p>\n<p>It’s been a rough week for Facebook, and got worse Sunday night.</p>\n<p>In an interview with “60 Minutes,” Frances Haugen revealed herself to be the whistleblower who provided key internal company documents to the Wall Street Journal. The Journal has used the information in a series of recent reports titled “The Facebook Files.”</p>\n<p>Haugen is a former product manager on Facebook’s civic misinformation division who left the company in May and made copies of numerous internal files before departing the company. Haugen accused Facebook of prioritizing its “own profits over public safety — putting people’s lives at risk.”</p>\n<p>What’s Next For Facebook Stock?</p>\n<p>Interestingly, earnings estimates for Facebook continued to move higher in recent weeks. Currently, analysts expect that Facebook will report earnings of $14.14 per share in 2021 and $16.09 per share in 2022, so the stock is trading at roughly 20 forward P/E, which looks like a normal valuation level in the current market environment.</p>\n<p>However, the market is focused on regulatory risks rather than earnings. If global regulators put enough pressure on Facebook, analysts will have to adjust their forecasts.</p>\n<p>The main risk for Facebook is the disruption of the current business model rather than fines from regulators. It is hard to evaluate this risk in a quantitative way, so the market is nervous.</p>\n<p>It remains to be seen whether speculative traders will rush to buy Facebook stock after it declined by roughly 15% from the recent highs. The headline risk is significant, and the stock may gain additional downside momentum on any negative news.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143781634","content_text":"Facebook shares fell nearly 5% on Monday after the company suffered its worst service outage in about 13 years, and a day after “60 Minutes” aired an interview with a whistleblower, who accused the company ofbetraying democracy.\nShares suffer largest decline in nearly a year as Facebook.The market wasbroadly down Monday, with the tech-heavy Nasdaq Composite dropping over 2%. The decline was particularly sharp among social media stocks, asTwitter,SnapandPinteresteach fell more than 5%.\nShortly before noon ET, Facebook’s main app experienced an outage for more than six hours Monday, as did its Instagram and WhatsApp services.\nThe outage marks the worst for Facebook since 2008, when a bug knocked the company’s services offline for about a day, affecting about 80 million users. The company now boasts 3 billion users.\nIt’s been a rough week for Facebook, and got worse Sunday night.\nIn an interview with “60 Minutes,” Frances Haugen revealed herself to be the whistleblower who provided key internal company documents to the Wall Street Journal. The Journal has used the information in a series of recent reports titled “The Facebook Files.”\nHaugen is a former product manager on Facebook’s civic misinformation division who left the company in May and made copies of numerous internal files before departing the company. Haugen accused Facebook of prioritizing its “own profits over public safety — putting people’s lives at risk.”\nWhat’s Next For Facebook Stock?\nInterestingly, earnings estimates for Facebook continued to move higher in recent weeks. Currently, analysts expect that Facebook will report earnings of $14.14 per share in 2021 and $16.09 per share in 2022, so the stock is trading at roughly 20 forward P/E, which looks like a normal valuation level in the current market environment.\nHowever, the market is focused on regulatory risks rather than earnings. If global regulators put enough pressure on Facebook, analysts will have to adjust their forecasts.\nThe main risk for Facebook is the disruption of the current business model rather than fines from regulators. It is hard to evaluate this risk in a quantitative way, so the market is nervous.\nIt remains to be seen whether speculative traders will rush to buy Facebook stock after it declined by roughly 15% from the recent highs. The headline risk is significant, and the stock may gain additional downside momentum on any negative news.","news_type":1},"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820508845,"gmtCreate":1633398975561,"gmtModify":1633398992269,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Just another hiccup for Facebook.","listText":"Just another hiccup for Facebook.","text":"Just another hiccup for Facebook.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/820508845","repostId":"1143781634","repostType":4,"isVote":1,"tweetType":1,"viewCount":991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864577620,"gmtCreate":1633135701292,"gmtModify":1633135701570,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"I am watching you Pinterest!","listText":"I am watching you Pinterest!","text":"I am watching you Pinterest!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/864577620","repostId":"2172963995","repostType":4,"repost":{"id":"2172963995","pubTimestamp":1633102399,"share":"https://www.laohu8.com/m/news/2172963995?lang=&edition=full","pubTime":"2021-10-01 23:33","market":"us","language":"en","title":"Here's Why Smart Investors Are Watching Pinterest Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2172963995","media":"Motley Fool","summary":"The market is turning sour on this image-based, social media business -- which could be an opportunity.","content":"<p>Savvy investors tend to have an uncanny ability to find good values. So it will not be surprising if there is an increasing share of sharp investors paying attention to <b>Pinterest</b> (NYSE:PINS) stock right now.</p>\n<p>The image-based, social-media app benefited tremendously at the pandemic's onset and is now experiencing a reversal of that trend. The company's shares are down 36% in the past three months and 24% in 2021. The fall could create an opportunity for long-term investors.</p>\n<p><img src=\"https://static.tigerbbs.com/4f46510b15abbc1b81f12e02789488a8\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Pinterest sheds monthly active users</h2>\n<p>The primary cause of Pinterest stock's decrease is a drop in monthly active users from the previous quarter. The market was expecting an increase. In its fiscal second quarter ended June 30, Pinterest reported a drop of 24 million users from the previous quarter -- down to a total of 454 million monthly active users. These are folks around the world who spend time browsing the app. Advertisers are interested in gaining their attention and are willing to pay Pinterest for the privilege to do so. Fewer users mean advertisers pay less to Pinterest.</p>\n<p>The surprising turnaround in the trend makes investors unsure if the loss in Pinterest users was a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-quarter event or if it will continue downward. As is usual with any business, uncertainty adds risk; and all else being equal, investors want less risk.</p>\n<h2>Not as damaging as it looks</h2>\n<p>But Pinterest's loss of monthly active users in the quarter is not as bad as it looks on the surface. After spending so much time cooped up at home, it's understandable that folks are going out more often as economies reopen. Therein lies an upside to reopening economies: Businesses are ramping up advertising to get the word out that they are open. That boost in ad&nbsp; sales increased Pinterest's revenue by 125% in the second quarter vs. the same time last year.</p>\n<p>Moreover, even though the numbers show a decline in monthly active users, it doesn't necessarily mean Pinterest has lost those consumers permanently; it just means they haven't opened their app or logged in from a computer browser in the past month. It is very possible that some of those users will reconnect after spending some time away.</p>\n<h2>Pinterest stock is trading at a lower price</h2>\n<p>Nevertheless, the market turned sour on the stock, and it has continued to fall. Pinterest is trading at a price-to-sales ratio of 14, down significantly from the 32 it was selling for earlier in the year. Using that metric, the stock is still not cheap, trading right around its historical average.</p>\n<p>That could be why intelligent investors are not buying the stock in large quantities just yet. Pinterest is likely on their watch lists, and they are waiting for the stock to either fall further or for better news regarding monthly active users. Even if Pinterest reports that monthly active user growth is leveling off, it could entice the market to change its sentiment as the risk diminishes -- and to intelligent investors, reducing risk is adding value.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Smart Investors Are Watching Pinterest Right Now</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\">\nHere's Why Smart Investors Are Watching Pinterest Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-01 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/01/pinterest-is-a-growth-stock-investors-are-watching/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Savvy investors tend to have an uncanny ability to find good values. So it will not be surprising if there is an increasing share of sharp investors paying attention to Pinterest (NYSE:PINS) stock ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/01/pinterest-is-a-growth-stock-investors-are-watching/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行"},"source_url":"https://www.fool.com/investing/2021/10/01/pinterest-is-a-growth-stock-investors-are-watching/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172963995","content_text":"Savvy investors tend to have an uncanny ability to find good values. So it will not be surprising if there is an increasing share of sharp investors paying attention to Pinterest (NYSE:PINS) stock right now.\nThe image-based, social-media app benefited tremendously at the pandemic's onset and is now experiencing a reversal of that trend. The company's shares are down 36% in the past three months and 24% in 2021. The fall could create an opportunity for long-term investors.\n\nImage source: Getty Images.\nPinterest sheds monthly active users\nThe primary cause of Pinterest stock's decrease is a drop in monthly active users from the previous quarter. The market was expecting an increase. In its fiscal second quarter ended June 30, Pinterest reported a drop of 24 million users from the previous quarter -- down to a total of 454 million monthly active users. These are folks around the world who spend time browsing the app. Advertisers are interested in gaining their attention and are willing to pay Pinterest for the privilege to do so. Fewer users mean advertisers pay less to Pinterest.\nThe surprising turnaround in the trend makes investors unsure if the loss in Pinterest users was a one-quarter event or if it will continue downward. As is usual with any business, uncertainty adds risk; and all else being equal, investors want less risk.\nNot as damaging as it looks\nBut Pinterest's loss of monthly active users in the quarter is not as bad as it looks on the surface. After spending so much time cooped up at home, it's understandable that folks are going out more often as economies reopen. Therein lies an upside to reopening economies: Businesses are ramping up advertising to get the word out that they are open. That boost in ad  sales increased Pinterest's revenue by 125% in the second quarter vs. the same time last year.\nMoreover, even though the numbers show a decline in monthly active users, it doesn't necessarily mean Pinterest has lost those consumers permanently; it just means they haven't opened their app or logged in from a computer browser in the past month. It is very possible that some of those users will reconnect after spending some time away.\nPinterest stock is trading at a lower price\nNevertheless, the market turned sour on the stock, and it has continued to fall. Pinterest is trading at a price-to-sales ratio of 14, down significantly from the 32 it was selling for earlier in the year. Using that metric, the stock is still not cheap, trading right around its historical average.\nThat could be why intelligent investors are not buying the stock in large quantities just yet. Pinterest is likely on their watch lists, and they are waiting for the stock to either fall further or for better news regarding monthly active users. Even if Pinterest reports that monthly active user growth is leveling off, it could entice the market to change its sentiment as the risk diminishes -- and to intelligent investors, reducing risk is adding value.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861051070,"gmtCreate":1632444332190,"gmtModify":1632724594765,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Seems like no&nbsp;news is bad enough to hamper the optimism in the market!","listText":"Seems like no&nbsp;news is bad enough to hamper the optimism in the market!","text":"Seems like no news is bad enough to hamper the optimism in the market!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/861051070","repostId":"2169240695","repostType":4,"repost":{"id":"2169240695","pubTimestamp":1632428355,"share":"https://www.laohu8.com/m/news/2169240695?lang=&edition=full","pubTime":"2021-09-24 04:19","market":"us","language":"en","title":"Indexes close up more than 1% as investors assess Fed news","url":"https://stock-news.laohu8.com/highlight/detail?id=2169240695","media":"Reuters","summary":"Sept 23  - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.The Fed said ","content":"<p>Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.</p>\n<p>Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.</p>\n<p>Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.</p>\n<p>The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise quicker than expected by next year. The November deadline was largely priced in by markets.</p>\n<p>In a press conference after the statement, Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering.</p>\n<p>\"This is a follow-on rally from a very good Fed meeting,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>\"To me that showed there were no surprises and things were as expected,\" he said. \"Any Fed rate hike is still quite a ways off and so much can change between now and then.\"</p>\n<p>Among S&amp;P 500 major industry sectors, energy was up 3.4% and financial stocks were up 2.5%, gaining the most ground. Real estate and utilities were the only sectors out of 11 showing losses, both off about 0.5%.</p>\n<p>The Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&amp;P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.</p>\n<p>Shares of IT services provider Salesforce finished up 7% and the company was a big boost to the S&amp;P and the Dow during the session after it raised its annual earnings forecast.</p>\n<p>Accenture gained 2.5% after the IT consulting firm boosted its first-quarter outlook.</p>\n<p>Concerns eased further over a potential default by Chinese property developer Evergrande even as Reuters reported that some holders of the firm's dollar bonds had given up hope of getting a coupon payment by a key Thursday deadline.</p>\n<p>Investors shrugged off data showing sluggish business activity growth and a rise in jobless claims, in line with expectations for a slowdown in economic growth in the third quarter.</p>\n<p>During the session the S&amp;P 500 broke above its 50-day moving average, after trading below the indicator for three full sessions - its biggest such breach since early March.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 2.66-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 26 new 52-week highs and four new lows; the Nasdaq Composite recorded 97 new highs and 47 new lows.</p>\n<p>Volume on U.S. exchanges was 9.84 billion shares, compared with the 10.07 billion average for the last 20 trading days.</p>","source":"yahoofinance","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>Indexes close up more than 1% as investors assess Fed news</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\">\nIndexes close up more than 1% as investors assess Fed news\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 04:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.\nUpbeat outlooks from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","COMP":"Compass, Inc.","SDS":"两倍做空标普500ETF","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","OEX":"标普100",".SPX":"S&P 500 Index","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","ACN":"埃森哲","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169240695","content_text":"Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.\nUpbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.\nAlso helping sentiment, concern about a ripple effect from China Evergrande continued to ease.\nThe Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise quicker than expected by next year. The November deadline was largely priced in by markets.\nIn a press conference after the statement, Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering.\n\"This is a follow-on rally from a very good Fed meeting,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\n\"To me that showed there were no surprises and things were as expected,\" he said. \"Any Fed rate hike is still quite a ways off and so much can change between now and then.\"\nAmong S&P 500 major industry sectors, energy was up 3.4% and financial stocks were up 2.5%, gaining the most ground. Real estate and utilities were the only sectors out of 11 showing losses, both off about 0.5%.\nThe Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.\nShares of IT services provider Salesforce finished up 7% and the company was a big boost to the S&P and the Dow during the session after it raised its annual earnings forecast.\nAccenture gained 2.5% after the IT consulting firm boosted its first-quarter outlook.\nConcerns eased further over a potential default by Chinese property developer Evergrande even as Reuters reported that some holders of the firm's dollar bonds had given up hope of getting a coupon payment by a key Thursday deadline.\nInvestors shrugged off data showing sluggish business activity growth and a rise in jobless claims, in line with expectations for a slowdown in economic growth in the third quarter.\nDuring the session the S&P 500 broke above its 50-day moving average, after trading below the indicator for three full sessions - its biggest such breach since early March.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 2.66-to-1 ratio favored advancers.\nThe S&P 500 posted 26 new 52-week highs and four new lows; the Nasdaq Composite recorded 97 new highs and 47 new lows.\nVolume on U.S. exchanges was 9.84 billion shares, compared with the 10.07 billion average for the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863956837,"gmtCreate":1632354984329,"gmtModify":1632801027114,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"💪🏻💪🏻💪🏻","listText":"💪🏻💪🏻💪🏻","text":"💪🏻💪🏻💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/863956837","repostId":"2169650271","repostType":4,"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886604455,"gmtCreate":1631583589777,"gmtModify":1631890035984,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"A very sensible read.","listText":"A very sensible read.","text":"A very sensible read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/886604455","repostId":"2166303725","repostType":4,"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881006898,"gmtCreate":1631278924614,"gmtModify":1631890035989,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Defying the odds","listText":"Defying the odds","text":"Defying the odds","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881006898","repostId":"1160544799","repostType":4,"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816041374,"gmtCreate":1630457468798,"gmtModify":1631884764477,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>What should I do with you now..??","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>What should I do with you now..??","text":"$SEMBCORP MARINE LTD(S51.SI)$What should I do with you now..??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/816041374","isVote":1,"tweetType":1,"viewCount":901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813269874,"gmtCreate":1630205595998,"gmtModify":1704957009614,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Another Wolf of Wall Street..&nbsp;Amazing how they can pull off feats like that and how long it takes the rest of the&nbsp;world to find out. A good read!","listText":"Another Wolf of Wall Street..&nbsp;Amazing how they can pull off feats like that and how long it takes the rest of the&nbsp;world to find out. A good read!","text":"Another Wolf of Wall Street.. Amazing how they can pull off feats like that and how long it takes the rest of the world to find out. A good read!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813269874","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","pubTimestamp":1630111537,"share":"https://www.laohu8.com/m/news/1184130616?lang=&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><i>Does crime pay?</i></p>\n<p>Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,<b>Bernard Ebbers</b>physically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.</p>\n<p>Ebbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”</p>\n<p><b>But ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.</b></p>\n<p><b>A Man In Search Of Himself:</b>&nbsp;Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.</p>\n<p>The Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He&nbsp;attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.</p>\n<p>Ebbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,<b>Linda Pigott,</b>after graduating and landed work teaching science to middle-school students while coaching high school basketball.</p>\n<p>But Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.</p>\n<p>Ebbers’ approach to running a hospitality establishment sometimes bordered on the eccentric.&nbsp;He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.</p>\n<p><b>Calling Out Around The World:</b>Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup of<b>AT&amp;T Inc.'s</b>&nbsp;T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.</p>\n<p>In 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.</p>\n<p>Ebbers and his pals decided to get into the telecommunications business with&nbsp;<b>Long Distance Discount Services,</b>&nbsp;which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.</p>\n<p><b>Carl J. Aycock,</b>a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.</p>\n<p>“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.</p>\n<p>Maybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.</p>\n<p>Within 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in&nbsp;sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.</p>\n<p>Many of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of&nbsp;<b>Advanced Telecommunications Corporation</b>&nbsp;in 1992.</p>\n<p>The unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&amp;T and&nbsp;<b>Sprint Corporation,</b>both considerably larger players in this field.</p>\n<p>The one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to&nbsp;<b>Kristie Webb.</b></p>\n<p>In February 1998, Ebbers’ company launched its acquisition plans for&nbsp;<b>CompuServe</b>&nbsp;from&nbsp;<b>H&amp;R Block Inc</b>.</p>\n<p>This transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition to<b>America Online,</b>while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.</p>\n<p>In September 1998, LDDS WorldCom sealed a $37 billion union with&nbsp;<b>MCI Communications,</b>which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit —&nbsp;except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.</p>\n<p><b>A Little Out Of Touch:</b>One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.</p>\n<p>At the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.</p>\n<p>“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”</p>\n<p>But as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.</p>\n<p>And for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”</p>\n<p>While Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.</p>\n<p><b>In retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw</b>, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.</p>\n<p><b>Detour Off The Cliff:</b>The first cracks in this corporate story began in October 1999 when MCI WorldCom —&nbsp;which had become the second-largest long-distance telephone company in the country —&nbsp;announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.</p>\n<p>With the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.</p>\n<p>Worldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a&nbsp;senior manager ordering&nbsp;a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.</p>\n<p>The company’s chief technical officer,<b>Fred Briggs,</b>then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project —&nbsp;and his directive was shared with other divisions in the company.</p>\n<p>A WorldCom budget analyst named&nbsp;<b>Kim Amigh</b>in the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh —&nbsp;three months after his action, Amigh was abruptly laid off from the company.</p>\n<p>But Vice President of Internal Audit&nbsp;<b>Cynthia Cooper</b>&nbsp;learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 —&nbsp;except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.</p>\n<p>Cooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.</p>\n<p>And Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.</p>\n<p>Adding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.</p>\n<p>To alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000&nbsp;— and then borrowed again&nbsp;and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.</p>\n<p>In June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure&nbsp;later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.</p>\n<p><b>Road’s End:</b>The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.</p>\n<p>Ebbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.</p>\n<p>“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”</p>\n<p>Ebbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.</p>\n<p>He remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.</p>\n<p>After 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.</p>\n<p>In defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.</p>\n<p>Said Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”</p>\n<p></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>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-28 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834025878,"gmtCreate":1629763514094,"gmtModify":1631890035997,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/4087890904031420\">@1moretime</a>:Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","listText":"//<a href=\"https://laohu8.com/U/4087890904031420\">@1moretime</a>:Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","text":"//@1moretime:Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834025878","repostId":"1107075259","repostType":4,"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834022863,"gmtCreate":1629763446852,"gmtModify":1631890035997,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Well I think&nbsp;it is subjective and differs from person to person.&nbsp;//<a href=\"https://laohu8.com/U/4091790236379980\">@Short</a>:Penny stock is like gambling in a casino. Always fun","listText":"Well I think&nbsp;it is subjective and differs from person to person.&nbsp;//<a href=\"https://laohu8.com/U/4091790236379980\">@Short</a>:Penny stock is like gambling in a casino. Always fun","text":"Well I think it is subjective and differs from person to person. //@Short:Penny stock is like gambling in a casino. Always fun","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834022863","repostId":"1172699620","repostType":4,"repost":{"id":"1172699620","pubTimestamp":1629450202,"share":"https://www.laohu8.com/m/news/1172699620?lang=&edition=full","pubTime":"2021-08-20 17:03","market":"us","language":"en","title":"Penny Stocks: Why You Should Always Stay Away","url":"https://stock-news.laohu8.com/highlight/detail?id=1172699620","media":"Kiplinger","summary":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar","content":"<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.</p>\n<p>Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"</p>\n<p>Plenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”</p>\n<p>We’ll break down what all that means below, but suffice to say, the SEC is not a fan.</p>\n<h3><b>Why Penny Stocks Are So Dangerous</b></h3>\n<p>To be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.</p>\n<p>For some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”</p>\n<p>Typically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).</p>\n<p>The SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.</p>\n<p>That’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.</p>\n<p>Put it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.</p>\n<p>But that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.</p>\n<p>That lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see&nbsp;<i>The Wolf of Wall Street</i>?</p>\n<p>To protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.</p>\n<h3><b>Legitimate OTCs</b></h3>\n<p>Be that as it may, there is one segment of the OTC market that investors need not fear.</p>\n<p>Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of&nbsp;<b>The <a href=\"https://laohu8.com/S/IDCBY\">Industrial and Commercial Bank of China Ltd.</a></b>&nbsp;(IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s<b>Nestlé</b>(NSRGY), the largest food company in the world; China’s&nbsp;<b><a href=\"https://laohu8.com/S/TCEHY\">Tencent Holding Ltd.</a></b>&nbsp;(TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant&nbsp;<b><a href=\"https://laohu8.com/S/NTDOY\">Nintendo Co., Ltd.</a> </b>(NTDOY).</p>\n<p>Why would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?</p>\n<p>The reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.</p>\n<p>With an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.</p>\n<p>The bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.</p>\n<p>It’s easy enough to lose money investing in stocks. Why make it easier?</p>","source":"lsy1629449927514","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>Penny Stocks: Why You Should Always Stay Away</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\">\nPenny Stocks: Why You Should Always Stay Away\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 17:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away><strong>Kiplinger</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of ...</p>\n\n<a href=\"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IDCBY":"工商银行ADR","TCEHY":"腾讯控股ADR","NTDOY":"任天堂"},"source_url":"https://www.kiplinger.com/investing/603303/penny-stocks-always-stay-away","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172699620","content_text":"Penny stocks – those stocks that trade for low prices, often with share prices of less than a dollar per share – are dangerous. Period. Indeed, with a few exceptions, investors should steer clear of these uber-cheap stocks, which typically trade over-the-counter and not on a major exchange.\nCall them penny stocks, microcaps or OTC stocks; by any name, they’re bad news. Promises of quick and easy riches are easier to fall for when an investment can be made with so little money up front. An investor might think, \"How risky could it be?\"\nPlenty. Per the Securities and Exchange Commission: “Academic studies find that OTC stocks tend to be highly illiquid; are frequent targets of alleged market manipulation; generate negative and volatile investment returns on average; and rarely grow into a large company or transition to listing on a stock exchange.”\nWe’ll break down what all that means below, but suffice to say, the SEC is not a fan.\nWhy Penny Stocks Are So Dangerous\nTo be clear, this is not to say that every penny stock or OTC company is a scam. The danger is that the over-the-counter market is where the scam stocks live. Think of it as a bad neighborhood. Being there can make you a mark for a con.\nFor some background, the OTC market is different from exchanges like the New York Stock Exchange or Nasdaq, where trading is centralized. There is no one OTC exchange. Instead, the OTC connects buyers and sellers over a computer- and telephone-based system. Any stock that does not trade on the NYSE, Nasdaq or other established U.S. exchange can trade over-the-counter. These securities also are known as “unlisted stocks.”\nTypically, OTC stocks tend to be highly risky microcap stocks (the shares of small companies with market capitalizations of under $300 million), which include nanocap stocks (those with market values of under $50 million).\nThe SEC has long warned investors about the high risks associated with such stocks. The Financial Industry Regulatory Authority (FINRA), the industry’s self-regulatory agency, likewise waves a red flag over the buying and trading of OTC securities.\nThat’s because companies that list on the OTC aren’t required to file periodic or audited financial reports as they must do if they are listed on a major exchange, such as the NYSE or the Nasdaq. In other words, there’s no way to know if they’re telling the truth when they claim to have sales and profits. The major exchanges also have listing requirements; OTC stocks don’t. For example, a company must have at least 400 shareholders and a market value of at least $40 million to get a listing on the New York Stock Exchange. The OTC makes no such requirements.\nPut it all together, and it makes it easier for unscrupulous managers to lie about their business prospects or commit securities fraud.\nBut that’s not all. The shares that exchange hands on the OTC tend to be “illiquid,” meaning they often trade in low volumes and have a limited number of buyers and sellers. That can make it difficult or impossible for investors to buy or sell shares at the prices they want.\nThat lack of liquidity also makes many OTC stocks the perfect vehicle for “pump-and-dump” schemes where stock promoters lure investors to buy shares, increasing the stock price. Then, when the price gets high enough, the pumper sells his shares, causing the stock to fall and leaving investors with poor returns, or even losses. Anyone here see The Wolf of Wall Street?\nTo protect investors from falling for these schemes, the SEC suspended trading of more than 800 microcap stocks – more than 8% of the OTC market – between 2012 and 2015. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it’s actually operational. Since that rarely happens, trading suspensions essentially render the shares useless to scam artists.\nLegitimate OTCs\nBe that as it may, there is one segment of the OTC market that investors need not fear.\nAmidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of The Industrial and Commercial Bank of China Ltd. (IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’sNestlé(NSRGY), the largest food company in the world; China’s Tencent Holding Ltd. (TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant Nintendo Co., Ltd. (NTDOY).\nWhy would major, international publicly traded companies rub shoulders with firms that issue highly speculative penny stocks?\nThe reason has to do with cost and convenience. For example, a foreign firm listing on the NYSE or Nasdaq must prepare two sets of audited financial statements for everything it does – one to conform with international accounting standards, and another that adheres to the generally accepted accounting principles (GAAP) used in the U.S. That isn’t a requirement over-the-counter.\nWith an OTC listing, a foreign company gains access to the vast pool of U.S. equity investors at a fraction of the cost and effort.\nThe bottom line is that with the exception of large, established foreign firms, OTC stocks come with too many risks. It’s not possible for the average investor to know if the company is on the up and up. And even legitimate tiny companies can fail virtually overnight. The pitfalls of trading OTC stocks just aren’t worth it.\nIt’s easy enough to lose money investing in stocks. Why make it easier?","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832109063,"gmtCreate":1629595858452,"gmtModify":1631890036006,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","listText":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","text":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/832109063","repostId":"1107075259","repostType":4,"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":832109063,"gmtCreate":1629595858452,"gmtModify":1631890036006,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","listText":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","text":"Distraction is the right word. So much fluff to divert attention from the core business and it’s issues.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/832109063","repostId":"1107075259","repostType":4,"repost":{"id":"1107075259","pubTimestamp":1629509852,"share":"https://www.laohu8.com/m/news/1107075259?lang=&edition=full","pubTime":"2021-08-21 09:37","market":"us","language":"en","title":"Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1107075259","media":"MarketWatch","summary":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.$Investors$ should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.At $Tesla Motors$’s AI Day late Thursday, self-named Technoking Musk said th","content":"<blockquote>\n <b>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.</b>\n</blockquote>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.</p>\n<p>At <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s&nbsp;AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”</p>\n<p>After a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.</p>\n<p>As always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.</p>\n<p>“Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this&nbsp;Tesla&nbsp;Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for&nbsp;Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.</p>\n<p>The safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.</p>\n<p><a href=\"https://laohu8.com/S/JE\">Just</a> a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.</p>\n<p>“Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at <a href=\"https://laohu8.com/S/AFG\">American</a> University in <a href=\"https://laohu8.com/S/WASH\">Washington</a> DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”</p>\n<p>“Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.</p>\n<p>The week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The <a href=\"https://laohu8.com/S/NHLD\">National</a> <a href=\"https://laohu8.com/S/HIHO\">Highway</a> Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with <a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Driver Assistance Systems (ADAS) and tractor-trailers.</p>\n<p>The latest outcry on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a> follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.</p>\n<p>“The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”</p>\n<p>It is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”</p>\n<p>If only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.</p>\n<p>“We&nbsp;basically&nbsp;have&nbsp;to&nbsp;solve&nbsp;real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over <a href=\"https://laohu8.com/S/AONE.U\">one</a> million cars on the road that are collecting data… But I am highly confident that we&nbsp;will&nbsp;get&nbsp;this&nbsp;done.”</p>\n<p>But for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.</p>\n<p>For example, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.</p>\n<p>“Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of <a href=\"https://laohu8.com/S/AMSWA\">American</a> University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”</p>\n<p>With FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.</p>\n<p>“They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.</p>\n<p>Musk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.</p>","source":"market_watch","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>Ignore Elon Musk’s dancing distraction and face the dangers ahead for Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Elon Musk’s dancing distraction and face the dangers ahead for Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-21 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology ...</p>\n\n<a href=\"https://www.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page\">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.marketwatch.com/story/ignore-elon-musks-dancing-distraction-and-face-the-dangers-ahead-for-tesla-11629488276?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1107075259","content_text":"Investigations into automated-driving systems and the statements made about it by the electric-car company and its chief executive deserve more attention than their latest fanciful technology aspirations and timelines.\n\nInvestors should ignore Elon Musk’s latest dance and focus instead on the growing issues Tesla is facing because of its chief executive’s exaggerated claims about his company’s technological capabilities.\nAt Tesla Motors’s AI Day late Thursday, self-named Technoking Musk said that the company is working on a humanoid robot as “Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.”\nAfter a white-suited human did a brief dance for the believers in the audience and on a livestream, Musk came on the stage and showed only computer-generated images of a 5’8″ humanoid robot thathe claimed Tesla will produce a prototype of sometime next year. He inferred it could be used for manufacturing or boring repetitive tasks, like grocery shopping and will have a full self-driving computer.\nAs always with Musk and Tesla, the timeline is highly doubtful to anyone with basic knowledge of the technology in question. Fortunately, the antics did not fool everyone on Wall Street, some of whom may be getting tired of his shenanigans.\n“Unfortunately, as we have seen with robotaxis and other future sci-fi projects for Musk, we view this Tesla Bot as an absolute head scratcher that will further agitate investors at a time the Street is showing growing concern around rising EV competition and safety issues for Tesla,” said Dan Ives, a Wedbush Securities analyst, in a note to clients early Friday.\nThe safety issues Ives mentions are what investors should be attuned to right now, because it appears the government is finally stepping up and taking note of a problem this column has long pointed out: Musk repeatedly oversells the current and near-term potential for his automotive autonomy advanced technology.\nJust a day before Thursday’s “AI Day” spectacle,two U.S. senators asked the Federal Trade Commission to investigate both Tesla’s and Musk’s “repeated overstatements of their vehicles’ capabilities”in regards to the marketing of Tesla’s “Full Self Driving” product. Tesla charges thousands of dollars at purchase (or as little as $100 a month) for software that is nowhere near full self-driving, a practice that has already led toa recent review by California Department of Motor Vehiclesanda German ruling that Tesla could not market the product as such.\n“Language matters,” said Selika Talbott, a professorial lecturer in the department of public administration and policy at American University in Washington DC. “The use of this terminology is false and misleading and unsafe for the general public. The notions of assisted driving and autonomous vehicles and their differences are not fully understood by the general public.”\n“Tesla has highly assisted technology in their vehicle, but at no point should anyone behind the wheel think that vehicle can drive itself, because it can’t,” Talbott said.\nThe week began with news of a federal investigation into Tesla’s Autopilot system after cars using the feature crashed into stopped emergency vehicles.The National Highway Traffic Safety Administration is looking into a series of crashesby Tesla cars that had the advanced driver-assistance system enabled. NHTSA said that itopened an inquiry into 11 Tesla crashesthat involved emergency vehicles, while still investigating a series of collisions involving cars enabled with Advanced Driver Assistance Systems (ADAS) and tractor-trailers.\nThe latest outcry on Capitol Hill follows a stream of news reports and/or social media posts and YouTube videos of drivers engaging in extremely risky behavior while testing the so-called self-driving features of their Tesla. In May, Steven Michael Hendrickson,a 35-year-old father of two in Fontana, Calif., died when his Tesla hit an overturned semitruck. Earlier he had posted videos of driving without his hands on the wheel of his car on the freeway, but the NHTSA was still investigating the role of Autopilot in the crash.\n“The vehicles that Tesla is producing are driver-assisted systems,” said Bryan Reimer, a research scientist at the MIT Center for Transportation and Logistics. “They are assisting the driver, and the driver needs to maintain vigilance.”\nIt is important to note the difference between Tesla’s dual products with misleading names. “Autopilot” is an ADAS system, a highly advanced version of cruise control meant for highway driving that enables “your car to steer, accelerate and brake automatically within its lane under your active supervision, assisting with the most burdensome parts of driving,” according to Tesla’s website. Tesla also offers the “FSD” package, now available by a subscription of $99 to $199 a month, which it describes as “access to a suite of more advanced driver assistance features, designed to provide more active guidance and assisted driving under your active supervision.”\nIf only Musk described these systems in a similar manner to the official website. In analyst conference calls and in Tesla’s multi-hour long presentations to its fan base, Musk has been proclaiming that with this software, full autonomy is around the corner.\n“We basically have to solve real-world vision AI and we are,” he said in an earnings call in April. “And the key to solving this is also having some massive data set. So just having well over one million cars on the road that are collecting data… But I am highly confident that we will get this done.”\nBut for all of Musk’s bluster and huge fan base, investors are starting to note that the company’s tactics involving full self-driving technology are dangerous, as opposed to the other companies that are testing autonomous vehicles.\nFor example, Alphabet Inc.’sGOOGGOOGLWaymo, the company with the most hours of autonomous vehicle driving, is currently operating a small scale robotaxi service in parts of Arizona around Phoenix that are not densely populated, without human drivers. It is the only one of its kind in the U.S. In California, Waymo has permits from the DMV to conduct AV testing with a human driver behind the wheel.\n“Waymo cannot just start selling their AVs to anyone, and they can’t just drive them on the roadway, our regulatory system does not allow for that,” Talbott of American University said. “You can test them but no publicly available self-driving car is on the market for purchase because it doesn’t exist.”\nWith FSD testing being done in the real world with untrained drivers, Tesla is conducting the equivalent of clinical trials of a new drug without any professional hourly or daily monitoring of the patient.\n“They are calling it beta, it is a beta system, they are exposing people to substantive risk,” Reimer said.\nMusk’s latest bot is yet another distraction, much like the flame thrower in 2018 sold by his Boring Company, his unwanted assistance to try and help the boys stuck in a cave in Thailand, and other projects. Investors should not let these distractions get in the way of the real issues that Musk seems to be refusing to acknowledge as he continues to oversell his company’s technological abilities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864577620,"gmtCreate":1633135701292,"gmtModify":1633135701570,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"I am watching you Pinterest!","listText":"I am watching you Pinterest!","text":"I am watching you Pinterest!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/864577620","repostId":"2172963995","repostType":4,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861051070,"gmtCreate":1632444332190,"gmtModify":1632724594765,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Seems like no&nbsp;news is bad enough to hamper the optimism in the market!","listText":"Seems like no&nbsp;news is bad enough to hamper the optimism in the market!","text":"Seems like no news is bad enough to hamper the optimism in the market!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/861051070","repostId":"2169240695","repostType":4,"repost":{"id":"2169240695","pubTimestamp":1632428355,"share":"https://www.laohu8.com/m/news/2169240695?lang=&edition=full","pubTime":"2021-09-24 04:19","market":"us","language":"en","title":"Indexes close up more than 1% as investors assess Fed news","url":"https://stock-news.laohu8.com/highlight/detail?id=2169240695","media":"Reuters","summary":"Sept 23  - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.The Fed said ","content":"<p>Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.</p>\n<p>Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.</p>\n<p>Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.</p>\n<p>The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise quicker than expected by next year. The November deadline was largely priced in by markets.</p>\n<p>In a press conference after the statement, Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering.</p>\n<p>\"This is a follow-on rally from a very good Fed meeting,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>\"To me that showed there were no surprises and things were as expected,\" he said. \"Any Fed rate hike is still quite a ways off and so much can change between now and then.\"</p>\n<p>Among S&amp;P 500 major industry sectors, energy was up 3.4% and financial stocks were up 2.5%, gaining the most ground. Real estate and utilities were the only sectors out of 11 showing losses, both off about 0.5%.</p>\n<p>The Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&amp;P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.</p>\n<p>Shares of IT services provider Salesforce finished up 7% and the company was a big boost to the S&amp;P and the Dow during the session after it raised its annual earnings forecast.</p>\n<p>Accenture gained 2.5% after the IT consulting firm boosted its first-quarter outlook.</p>\n<p>Concerns eased further over a potential default by Chinese property developer Evergrande even as Reuters reported that some holders of the firm's dollar bonds had given up hope of getting a coupon payment by a key Thursday deadline.</p>\n<p>Investors shrugged off data showing sluggish business activity growth and a rise in jobless claims, in line with expectations for a slowdown in economic growth in the third quarter.</p>\n<p>During the session the S&amp;P 500 broke above its 50-day moving average, after trading below the indicator for three full sessions - its biggest such breach since early March.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 2.66-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 26 new 52-week highs and four new lows; the Nasdaq Composite recorded 97 new highs and 47 new lows.</p>\n<p>Volume on U.S. exchanges was 9.84 billion shares, compared with the 10.07 billion average for the last 20 trading days.</p>","source":"yahoofinance","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>Indexes close up more than 1% as investors assess Fed news</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\">\nIndexes close up more than 1% as investors assess Fed news\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 04:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.\nUpbeat outlooks from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","COMP":"Compass, Inc.","SDS":"两倍做空标普500ETF","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","OEX":"标普100",".SPX":"S&P 500 Index","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","ACN":"埃森哲","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-indexes-close-more-201915611.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169240695","content_text":"Sept 23 (Reuters) - U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve's stance on tapering stimulus and raising interest rates.\nUpbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for those 65 and older.\nAlso helping sentiment, concern about a ripple effect from China Evergrande continued to ease.\nThe Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise quicker than expected by next year. The November deadline was largely priced in by markets.\nIn a press conference after the statement, Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering.\n\"This is a follow-on rally from a very good Fed meeting,\" said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\n\"To me that showed there were no surprises and things were as expected,\" he said. \"Any Fed rate hike is still quite a ways off and so much can change between now and then.\"\nAmong S&P 500 major industry sectors, energy was up 3.4% and financial stocks were up 2.5%, gaining the most ground. Real estate and utilities were the only sectors out of 11 showing losses, both off about 0.5%.\nThe Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.\nShares of IT services provider Salesforce finished up 7% and the company was a big boost to the S&P and the Dow during the session after it raised its annual earnings forecast.\nAccenture gained 2.5% after the IT consulting firm boosted its first-quarter outlook.\nConcerns eased further over a potential default by Chinese property developer Evergrande even as Reuters reported that some holders of the firm's dollar bonds had given up hope of getting a coupon payment by a key Thursday deadline.\nInvestors shrugged off data showing sluggish business activity growth and a rise in jobless claims, in line with expectations for a slowdown in economic growth in the third quarter.\nDuring the session the S&P 500 broke above its 50-day moving average, after trading below the indicator for three full sessions - its biggest such breach since early March.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 2.66-to-1 ratio favored advancers.\nThe S&P 500 posted 26 new 52-week highs and four new lows; the Nasdaq Composite recorded 97 new highs and 47 new lows.\nVolume on U.S. exchanges was 9.84 billion shares, compared with the 10.07 billion average for the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854591447,"gmtCreate":1635466572944,"gmtModify":1635466710763,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Facebook -&gt; Meta.. that’s gonna take some getting used to","listText":"Facebook -&gt; Meta.. that’s gonna take some getting used to","text":"Facebook -> Meta.. that’s gonna take some getting used to","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/854591447","repostId":"2179293785","repostType":4,"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":816041374,"gmtCreate":1630457468798,"gmtModify":1631884764477,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>What should I do with you now..??","listText":"<a href=\"https://laohu8.com/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>What should I do with you now..??","text":"$SEMBCORP MARINE LTD(S51.SI)$What should I do with you now..??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/816041374","isVote":1,"tweetType":1,"viewCount":901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813269874,"gmtCreate":1630205595998,"gmtModify":1704957009614,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Another Wolf of Wall Street..&nbsp;Amazing how they can pull off feats like that and how long it takes the rest of the&nbsp;world to find out. A good read!","listText":"Another Wolf of Wall Street..&nbsp;Amazing how they can pull off feats like that and how long it takes the rest of the&nbsp;world to find out. A good read!","text":"Another Wolf of Wall Street.. Amazing how they can pull off feats like that and how long it takes the rest of the world to find out. A good read!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813269874","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","pubTimestamp":1630111537,"share":"https://www.laohu8.com/m/news/1184130616?lang=&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><i>Does crime pay?</i></p>\n<p>Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,<b>Bernard Ebbers</b>physically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.</p>\n<p>Ebbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”</p>\n<p><b>But ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.</b></p>\n<p><b>A Man In Search Of Himself:</b>&nbsp;Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.</p>\n<p>The Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He&nbsp;attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.</p>\n<p>Ebbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,<b>Linda Pigott,</b>after graduating and landed work teaching science to middle-school students while coaching high school basketball.</p>\n<p>But Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.</p>\n<p>Ebbers’ approach to running a hospitality establishment sometimes bordered on the eccentric.&nbsp;He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.</p>\n<p><b>Calling Out Around The World:</b>Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup of<b>AT&amp;T Inc.'s</b>&nbsp;T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.</p>\n<p>In 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.</p>\n<p>Ebbers and his pals decided to get into the telecommunications business with&nbsp;<b>Long Distance Discount Services,</b>&nbsp;which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.</p>\n<p><b>Carl J. Aycock,</b>a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.</p>\n<p>“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.</p>\n<p>Maybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.</p>\n<p>Within 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in&nbsp;sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.</p>\n<p>Many of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of&nbsp;<b>Advanced Telecommunications Corporation</b>&nbsp;in 1992.</p>\n<p>The unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&amp;T and&nbsp;<b>Sprint Corporation,</b>both considerably larger players in this field.</p>\n<p>The one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to&nbsp;<b>Kristie Webb.</b></p>\n<p>In February 1998, Ebbers’ company launched its acquisition plans for&nbsp;<b>CompuServe</b>&nbsp;from&nbsp;<b>H&amp;R Block Inc</b>.</p>\n<p>This transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition to<b>America Online,</b>while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.</p>\n<p>In September 1998, LDDS WorldCom sealed a $37 billion union with&nbsp;<b>MCI Communications,</b>which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit —&nbsp;except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.</p>\n<p><b>A Little Out Of Touch:</b>One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.</p>\n<p>At the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.</p>\n<p>“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”</p>\n<p>But as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.</p>\n<p>And for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”</p>\n<p>While Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.</p>\n<p><b>In retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw</b>, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.</p>\n<p><b>Detour Off The Cliff:</b>The first cracks in this corporate story began in October 1999 when MCI WorldCom —&nbsp;which had become the second-largest long-distance telephone company in the country —&nbsp;announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.</p>\n<p>With the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.</p>\n<p>Worldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a&nbsp;senior manager ordering&nbsp;a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.</p>\n<p>The company’s chief technical officer,<b>Fred Briggs,</b>then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project —&nbsp;and his directive was shared with other divisions in the company.</p>\n<p>A WorldCom budget analyst named&nbsp;<b>Kim Amigh</b>in the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh —&nbsp;three months after his action, Amigh was abruptly laid off from the company.</p>\n<p>But Vice President of Internal Audit&nbsp;<b>Cynthia Cooper</b>&nbsp;learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 —&nbsp;except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.</p>\n<p>Cooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.</p>\n<p>And Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.</p>\n<p>Adding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.</p>\n<p>To alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000&nbsp;— and then borrowed again&nbsp;and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.</p>\n<p>In June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure&nbsp;later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.</p>\n<p><b>Road’s End:</b>The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.</p>\n<p>Ebbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.</p>\n<p>“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”</p>\n<p>Ebbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.</p>\n<p>He remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.</p>\n<p>After 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.</p>\n<p>In defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.</p>\n<p>Said Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”</p>\n<p></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>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-28 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":847605213,"gmtCreate":1636510517426,"gmtModify":1636511190753,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"C’mon! Give us something to cheer about&nbsp;","listText":"C’mon! Give us something to cheer about&nbsp;","text":"C’mon! Give us something to cheer about","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847605213","repostId":"1179672442","repostType":4,"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":886604455,"gmtCreate":1631583589777,"gmtModify":1631890035984,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"A very sensible read.","listText":"A very sensible read.","text":"A very sensible read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/886604455","repostId":"2166303725","repostType":4,"repost":{"id":"2166303725","pubTimestamp":1631525820,"share":"https://www.laohu8.com/m/news/2166303725?lang=&edition=full","pubTime":"2021-09-13 17:37","market":"us","language":"en","title":"4 Investing Strategies to Navigate the Stock Market in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2166303725","media":"Motley Fool","summary":"There are ways to stay invested for the long term even if you're nervous about what the market will do in the near future.","content":"<p>If you're nervous about the current state of the stock market, you're not alone. After a sustained and rapid rise in stock prices, valuations look as though they may be a bit stretched. Valuations like these have often come before a market crash&nbsp;, which has a lot of investors worried. The big challenge, however, is that while it's easy to predict <i>that </i>a crash will happen, knowing <i>when</i> that crash will take place is a whole different story.</p>\n<p>The best any of us can really do is manage our portfolio around the reality that the market doesn't always go up and that sometimes, it falls fast. You can't successfully invest if you're paralyzed by fear, but you can get yourself better prepared while continuing to put money toward your longer-term future. With that in mind, here are four investing strategies to help you navigate the stock market in 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/569ddedc612d2945c75d861d66230669\" tg-width=\"700\" tg-height=\"343\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>No. 1: Estimate the value of what you own</h2>\n<p>A technique like the discounted cash flow model can help you get a handle on what your stocks are really worth. That model simplifies things to focus on a company's ability to generate cash over time. Based on a reasonable estimate of the cash it will generate and the rate of return you need to take on the risk of investing in its stock, it will help you understand what a fair value is for its shares.</p>\n<p>It's not perfect, as the numbers it generates are based on assumptions about the future. What it can do, though, is help you find a reasonable estimate of that value and recognize the key drivers behind it. That gives you something to compare against the company's actual progress over time and help inform your decisions on what to do with your investment capital.</p>\n<h2>No. 2: Keep an eye on your companies' balance sheets</h2>\n<p>In good times, it's easy to overlook a balance sheet. When times get tough, though, a solid balance sheet can be the difference maker when it comes to a company's ability to stay afloat. This is because its balance sheet represents the company's assets and liabilities -- and most importantly, its ability to access cash if the lending market gets spooked.</p>\n<p>Key measures to look for are the business' current ratio and its debt-to-equity ratio. Its current ratio measures its short-term assets (think cash and things that are usually easily converted into cash) compared to its short-term liabilities like its debt coming due within a year. The higher that number, the less likely the business will be to face a near-term cash crunch.</p>\n<p>A company's debt-to-equity ratio looks at the totality of what it owns compared to what it owes. In this case, the lower the number (as long as it's zero or above), the stronger the balance sheet is. This number can help investors determine how much longer-term flexibility a company has if the debt market were to remain unfavorable for a long time. In addition, the healthier this ratio, the more likely that the company will be able to get new financing even in a fairly tight lending environment.</p>\n<h2>No. 3: Collect your dividends as cash</h2>\n<p>One of the best parts of owning dividend-paying stocks is that their dividends generally get paid based on the health of the underlying company, not the current whims of the stock market. That means that if you own solid, dividend-paying companies, you're likely to get <i>some </i>cash headed your way, even if you don't sell any of your holdings.</p>\n<p>If you let those dividends pile up as cash instead of automatically reinvesting them, then when the market starts offering up bargains (as it often does during crashes), you'll have money available. That can be very useful in keeping you from having to sell one pick to buy another, especially if everything is falling during a generally down market.</p>\n<p>In the event the market <i>doesn't </i>crash, well, those dividends are still as good as any other cash you have access to. You can always include them in an upcoming investment round. After all, by taking them as cash, they stay in your control, instead of being automatically recycled back into the company that's paying them.</p>\n<h2>No. 4: Keep money you'll need in the near term out of stocks</h2>\n<p>Money you know you'll need to spend from your accounts in the next five or so years does not belong in stocks. Neither does cash you should have socked away to handle an emergency that may happen at any time. If you've been a bit lax about following those guidelines, the market being near an all-time high can be a great time to liquidate elevated stocks to buy more conservative assets.</p>\n<p>Being forced to sell stocks when they're down in order to cover your costs is a great way to run out of money. That's why it's <i>always </i>important to have something socked away in cash, investment grade bonds, or other conservative assets like CDs or Treasuries.</p>\n<p>In addition to being able to keep you from having to sell stocks when they're cheap, having some sort of cash buffer can help you psychologically when the market is down. Individuals need long-term investment strategies in order to be successful in stocks over time. It's a lot easier to focus on the long term if you <i>know </i>you don't need the money you have in stocks in the near term. That can be helpful when, not if, the market moves against you.</p>\n<h2>Strategies to help you stay invested, whatever the market does</h2>\n<p>These four investing strategies are designed to help you stay invested, even if the market isn't cooperating. The reality is that if fear spooks you out of the market after a crash and you miss a few of its best days in a rebound, chances are that you'll be worse off than had you stayed invested throughout the mess.</p>\n<p>By helping you get grounded in valuation and balance sheets, you can get more confident in your investments. By managing your dividends well, you can have more control over some of your money, even if the market isn't cooperating. And by keeping your stocks focused on the long term, you can better stomach short-term tough times that the market will throw your way.</p>\n<p>If there's a catch to these strategies, it's this: They tend to work better if you implement them <i>before </i>the market crashes than if you wait until a crash to make them a reality. That makes now a great time to consider putting them in place. So get started now, and be better prepared for any volatility that may come our way.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Investing Strategies to Navigate the Stock Market in 2021</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\">\n4 Investing Strategies to Navigate the Stock Market in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/12/investing-strategies-navigate-stock-market-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you're nervous about the current state of the stock market, you're not alone. After a sustained and rapid rise in stock prices, valuations look as though they may be a bit stretched. Valuations ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/12/investing-strategies-navigate-stock-market-2021/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/09/12/investing-strategies-navigate-stock-market-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166303725","content_text":"If you're nervous about the current state of the stock market, you're not alone. After a sustained and rapid rise in stock prices, valuations look as though they may be a bit stretched. Valuations like these have often come before a market crash , which has a lot of investors worried. The big challenge, however, is that while it's easy to predict that a crash will happen, knowing when that crash will take place is a whole different story.\nThe best any of us can really do is manage our portfolio around the reality that the market doesn't always go up and that sometimes, it falls fast. You can't successfully invest if you're paralyzed by fear, but you can get yourself better prepared while continuing to put money toward your longer-term future. With that in mind, here are four investing strategies to help you navigate the stock market in 2021.\nImage source: Getty Images.\nNo. 1: Estimate the value of what you own\nA technique like the discounted cash flow model can help you get a handle on what your stocks are really worth. That model simplifies things to focus on a company's ability to generate cash over time. Based on a reasonable estimate of the cash it will generate and the rate of return you need to take on the risk of investing in its stock, it will help you understand what a fair value is for its shares.\nIt's not perfect, as the numbers it generates are based on assumptions about the future. What it can do, though, is help you find a reasonable estimate of that value and recognize the key drivers behind it. That gives you something to compare against the company's actual progress over time and help inform your decisions on what to do with your investment capital.\nNo. 2: Keep an eye on your companies' balance sheets\nIn good times, it's easy to overlook a balance sheet. When times get tough, though, a solid balance sheet can be the difference maker when it comes to a company's ability to stay afloat. This is because its balance sheet represents the company's assets and liabilities -- and most importantly, its ability to access cash if the lending market gets spooked.\nKey measures to look for are the business' current ratio and its debt-to-equity ratio. Its current ratio measures its short-term assets (think cash and things that are usually easily converted into cash) compared to its short-term liabilities like its debt coming due within a year. The higher that number, the less likely the business will be to face a near-term cash crunch.\nA company's debt-to-equity ratio looks at the totality of what it owns compared to what it owes. In this case, the lower the number (as long as it's zero or above), the stronger the balance sheet is. This number can help investors determine how much longer-term flexibility a company has if the debt market were to remain unfavorable for a long time. In addition, the healthier this ratio, the more likely that the company will be able to get new financing even in a fairly tight lending environment.\nNo. 3: Collect your dividends as cash\nOne of the best parts of owning dividend-paying stocks is that their dividends generally get paid based on the health of the underlying company, not the current whims of the stock market. That means that if you own solid, dividend-paying companies, you're likely to get some cash headed your way, even if you don't sell any of your holdings.\nIf you let those dividends pile up as cash instead of automatically reinvesting them, then when the market starts offering up bargains (as it often does during crashes), you'll have money available. That can be very useful in keeping you from having to sell one pick to buy another, especially if everything is falling during a generally down market.\nIn the event the market doesn't crash, well, those dividends are still as good as any other cash you have access to. You can always include them in an upcoming investment round. After all, by taking them as cash, they stay in your control, instead of being automatically recycled back into the company that's paying them.\nNo. 4: Keep money you'll need in the near term out of stocks\nMoney you know you'll need to spend from your accounts in the next five or so years does not belong in stocks. Neither does cash you should have socked away to handle an emergency that may happen at any time. If you've been a bit lax about following those guidelines, the market being near an all-time high can be a great time to liquidate elevated stocks to buy more conservative assets.\nBeing forced to sell stocks when they're down in order to cover your costs is a great way to run out of money. That's why it's always important to have something socked away in cash, investment grade bonds, or other conservative assets like CDs or Treasuries.\nIn addition to being able to keep you from having to sell stocks when they're cheap, having some sort of cash buffer can help you psychologically when the market is down. Individuals need long-term investment strategies in order to be successful in stocks over time. It's a lot easier to focus on the long term if you know you don't need the money you have in stocks in the near term. That can be helpful when, not if, the market moves against you.\nStrategies to help you stay invested, whatever the market does\nThese four investing strategies are designed to help you stay invested, even if the market isn't cooperating. The reality is that if fear spooks you out of the market after a crash and you miss a few of its best days in a rebound, chances are that you'll be worse off than had you stayed invested throughout the mess.\nBy helping you get grounded in valuation and balance sheets, you can get more confident in your investments. By managing your dividends well, you can have more control over some of your money, even if the market isn't cooperating. And by keeping your stocks focused on the long term, you can better stomach short-term tough times that the market will throw your way.\nIf there's a catch to these strategies, it's this: They tend to work better if you implement them before the market crashes than if you wait until a crash to make them a reality. That makes now a great time to consider putting them in place. So get started now, and be better prepared for any volatility that may come our way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881006898,"gmtCreate":1631278924614,"gmtModify":1631890035989,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Defying the odds","listText":"Defying the odds","text":"Defying the odds","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881006898","repostId":"1160544799","repostType":4,"repost":{"id":"1160544799","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631275849,"share":"https://www.laohu8.com/m/news/1160544799?lang=&edition=full","pubTime":"2021-09-10 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1160544799","media":"Tiger Newspress","summary":"Stock Futures Rise; Metals Rally.\nThe 10-year Treasury yield rose 3bps to 1.320%.\noil was back over ","content":"<ul>\n <li>Stock Futures Rise;&nbsp;Metals Rally.</li>\n <li>The 10-year Treasury yield rose 3bps to 1.320%.</li>\n <li>oil was back over $69 a barrel and gold gained.</li>\n</ul>\n<p>(Sept 10)&nbsp;Stock futures rose sharply on Friday, suggesting Wall Street was prepared to set aside jitters thatculminated in a four-day losing streak, with investors growing more cautious about the COVID-19 pandemic's impact on the economy.</p>\n<p>At 8:13 a.m. ET, Dow E-minis were up 173 points, or 0.50%, S&amp;P 500 E-minis gained 20.75 points, or 0.46% and Nasdaq 100 E-minis jumped 77.75 points, or 0.50%.</p>\n<p><img src=\"https://static.tigerbbs.com/7e6c76200a1c8e7b9888b48085a9cefa\" tg-width=\"1242\" tg-height=\"502\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Here are some of the biggest US pre-movers today:</b></p>\n<ul>\n <li>Affirm Holdings (AFRM) shares rally 24% in&nbsp;premarket&nbsp;trading after its 4Q revenue topped estimates, prompting Truist to hike its PT on the stock.</li>\n <li>Iveric Bio (ISEE), a company working on geographic atrophy treatment, surges 34% after Apellis Pharmaceuticals (APLS) said only one of two late-stage studies of its product candidate pegcetacoplan met its main goal. Apellis slumps 30%.</li>\n <li>Sumo Logic (SUMO) sinks 11% as Piper Sandler downgrades the stock to neutral after reporting second-quarter results.</li>\n</ul>\n<p><b>In FX, </b>dollar trades on the back foot with Bloomberg dollar index down 0.2%. Commodity currencies extend Asia’s outperforming versus G-10 peers. The Bloomberg dollar Spot Index fell as the greenback traded lower against almost all of its Group-of-10 peers. The Treasury curve remains close to the flattest level in a year, signaling the market’s concern a hawkish Federal Reserve will derail growth in the world’s largest economy. The euro inched up amid a broadly weaker dollar, to trade at around $1.1850.<b>The pound brushed off the latest GDP data which showed the U.K. economy barely grew in July.</b>The Australian and New Zealand dollars were among the top G-10 performers as U.S.-China talks spurred hopes of improved relations between the two nations. The yen underperformed all of its Group-of-10 peers, while Norway’s krone gained amid a rally in oil and other commodities.</p>\n<p><b>In rates, </b>Treasuries were off session lows as U.S. trading begins, although under pressure with the curve steeper following gains for risky assets during Asia session and European morning. Yields were higher by 2bp-3bp from 10-year to long end, 10-year by 2.4bp at ~1.32%, wider vs bunds and gilts by 0.8bp and 1.5bp; on curve, 2s10s, 5s30s spreads wider by 2bp and 1bp respectively. The bear-steepening move pushed 30-year yields back toward Thursday’s pre-auction level. Treasuries traded heavy in Asia as local stocks closed higher following a telephone call between U.S. President Joe Biden and Chinese leader Xi Jinping.&nbsp; Among European markets, Germany’s benchmark 10-year government bond yield was flat after the ECB move, but Greek yields fell for the second day as markets continued to view the bank’s cautious approach as a positive. Peripheral spreads widened slightly, with 10y BTP/Bund spread near 104bps.</p>\n<p><b>In commodities, </b>oil gained ground on signs of tight U.S. supplies after Hurricane Ida hit offshore output, with Brent crude up 1.7% at $72.67 a barrel, and U.S. West Texas Intermediate crude at $69.29 a barrel, up 1.7%. Base metals extend the week’s gains: LME aluminum outperforms, adding a further 2%, gaining over 6% since Monday. Spot gold extends Asia’s modest gains to trade either side of $1,800/oz.</p>\n<p>To the day ahead now, and the main data highlight will be the producer price inflation release from the US, whilst from Europe, there’s July data on UK GDP and French and Italian industrial production. From central banks, we’ll hear from ECB President Lagarde, along with the ECB’s Villeroy, Elderson, Rehn, as well as the Fed’s Mester. Lastly, the Central Bank of Russia will be making their latest monetary policy decision.</p>","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>Toplines Before US Market Open on Friday</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\">\nToplines Before US Market Open on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-10 20:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock Futures Rise;&nbsp;Metals Rally.</li>\n <li>The 10-year Treasury yield rose 3bps to 1.320%.</li>\n <li>oil was back over $69 a barrel and gold gained.</li>\n</ul>\n<p>(Sept 10)&nbsp;Stock futures rose sharply on Friday, suggesting Wall Street was prepared to set aside jitters thatculminated in a four-day losing streak, with investors growing more cautious about the COVID-19 pandemic's impact on the economy.</p>\n<p>At 8:13 a.m. ET, Dow E-minis were up 173 points, or 0.50%, S&amp;P 500 E-minis gained 20.75 points, or 0.46% and Nasdaq 100 E-minis jumped 77.75 points, or 0.50%.</p>\n<p><img src=\"https://static.tigerbbs.com/7e6c76200a1c8e7b9888b48085a9cefa\" tg-width=\"1242\" tg-height=\"502\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Here are some of the biggest US pre-movers today:</b></p>\n<ul>\n <li>Affirm Holdings (AFRM) shares rally 24% in&nbsp;premarket&nbsp;trading after its 4Q revenue topped estimates, prompting Truist to hike its PT on the stock.</li>\n <li>Iveric Bio (ISEE), a company working on geographic atrophy treatment, surges 34% after Apellis Pharmaceuticals (APLS) said only one of two late-stage studies of its product candidate pegcetacoplan met its main goal. Apellis slumps 30%.</li>\n <li>Sumo Logic (SUMO) sinks 11% as Piper Sandler downgrades the stock to neutral after reporting second-quarter results.</li>\n</ul>\n<p><b>In FX, </b>dollar trades on the back foot with Bloomberg dollar index down 0.2%. Commodity currencies extend Asia’s outperforming versus G-10 peers. The Bloomberg dollar Spot Index fell as the greenback traded lower against almost all of its Group-of-10 peers. The Treasury curve remains close to the flattest level in a year, signaling the market’s concern a hawkish Federal Reserve will derail growth in the world’s largest economy. The euro inched up amid a broadly weaker dollar, to trade at around $1.1850.<b>The pound brushed off the latest GDP data which showed the U.K. economy barely grew in July.</b>The Australian and New Zealand dollars were among the top G-10 performers as U.S.-China talks spurred hopes of improved relations between the two nations. The yen underperformed all of its Group-of-10 peers, while Norway’s krone gained amid a rally in oil and other commodities.</p>\n<p><b>In rates, </b>Treasuries were off session lows as U.S. trading begins, although under pressure with the curve steeper following gains for risky assets during Asia session and European morning. Yields were higher by 2bp-3bp from 10-year to long end, 10-year by 2.4bp at ~1.32%, wider vs bunds and gilts by 0.8bp and 1.5bp; on curve, 2s10s, 5s30s spreads wider by 2bp and 1bp respectively. The bear-steepening move pushed 30-year yields back toward Thursday’s pre-auction level. Treasuries traded heavy in Asia as local stocks closed higher following a telephone call between U.S. President Joe Biden and Chinese leader Xi Jinping.&nbsp; Among European markets, Germany’s benchmark 10-year government bond yield was flat after the ECB move, but Greek yields fell for the second day as markets continued to view the bank’s cautious approach as a positive. Peripheral spreads widened slightly, with 10y BTP/Bund spread near 104bps.</p>\n<p><b>In commodities, </b>oil gained ground on signs of tight U.S. supplies after Hurricane Ida hit offshore output, with Brent crude up 1.7% at $72.67 a barrel, and U.S. West Texas Intermediate crude at $69.29 a barrel, up 1.7%. Base metals extend the week’s gains: LME aluminum outperforms, adding a further 2%, gaining over 6% since Monday. Spot gold extends Asia’s modest gains to trade either side of $1,800/oz.</p>\n<p>To the day ahead now, and the main data highlight will be the producer price inflation release from the US, whilst from Europe, there’s July data on UK GDP and French and Italian industrial production. From central banks, we’ll hear from ECB President Lagarde, along with the ECB’s Villeroy, Elderson, Rehn, as well as the Fed’s Mester. Lastly, the Central Bank of Russia will be making their latest monetary policy decision.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160544799","content_text":"Stock Futures Rise; Metals Rally.\nThe 10-year Treasury yield rose 3bps to 1.320%.\noil was back over $69 a barrel and gold gained.\n\n(Sept 10) Stock futures rose sharply on Friday, suggesting Wall Street was prepared to set aside jitters thatculminated in a four-day losing streak, with investors growing more cautious about the COVID-19 pandemic's impact on the economy.\nAt 8:13 a.m. ET, Dow E-minis were up 173 points, or 0.50%, S&P 500 E-minis gained 20.75 points, or 0.46% and Nasdaq 100 E-minis jumped 77.75 points, or 0.50%.\n\nHere are some of the biggest US pre-movers today:\n\nAffirm Holdings (AFRM) shares rally 24% in premarket trading after its 4Q revenue topped estimates, prompting Truist to hike its PT on the stock.\nIveric Bio (ISEE), a company working on geographic atrophy treatment, surges 34% after Apellis Pharmaceuticals (APLS) said only one of two late-stage studies of its product candidate pegcetacoplan met its main goal. Apellis slumps 30%.\nSumo Logic (SUMO) sinks 11% as Piper Sandler downgrades the stock to neutral after reporting second-quarter results.\n\nIn FX, dollar trades on the back foot with Bloomberg dollar index down 0.2%. Commodity currencies extend Asia’s outperforming versus G-10 peers. The Bloomberg dollar Spot Index fell as the greenback traded lower against almost all of its Group-of-10 peers. The Treasury curve remains close to the flattest level in a year, signaling the market’s concern a hawkish Federal Reserve will derail growth in the world’s largest economy. The euro inched up amid a broadly weaker dollar, to trade at around $1.1850.The pound brushed off the latest GDP data which showed the U.K. economy barely grew in July.The Australian and New Zealand dollars were among the top G-10 performers as U.S.-China talks spurred hopes of improved relations between the two nations. The yen underperformed all of its Group-of-10 peers, while Norway’s krone gained amid a rally in oil and other commodities.\nIn rates, Treasuries were off session lows as U.S. trading begins, although under pressure with the curve steeper following gains for risky assets during Asia session and European morning. Yields were higher by 2bp-3bp from 10-year to long end, 10-year by 2.4bp at ~1.32%, wider vs bunds and gilts by 0.8bp and 1.5bp; on curve, 2s10s, 5s30s spreads wider by 2bp and 1bp respectively. The bear-steepening move pushed 30-year yields back toward Thursday’s pre-auction level. Treasuries traded heavy in Asia as local stocks closed higher following a telephone call between U.S. President Joe Biden and Chinese leader Xi Jinping.  Among European markets, Germany’s benchmark 10-year government bond yield was flat after the ECB move, but Greek yields fell for the second day as markets continued to view the bank’s cautious approach as a positive. Peripheral spreads widened slightly, with 10y BTP/Bund spread near 104bps.\nIn commodities, oil gained ground on signs of tight U.S. supplies after Hurricane Ida hit offshore output, with Brent crude up 1.7% at $72.67 a barrel, and U.S. West Texas Intermediate crude at $69.29 a barrel, up 1.7%. Base metals extend the week’s gains: LME aluminum outperforms, adding a further 2%, gaining over 6% since Monday. Spot gold extends Asia’s modest gains to trade either side of $1,800/oz.\nTo the day ahead now, and the main data highlight will be the producer price inflation release from the US, whilst from Europe, there’s July data on UK GDP and French and Italian industrial production. From central banks, we’ll hear from ECB President Lagarde, along with the ECB’s Villeroy, Elderson, Rehn, as well as the Fed’s Mester. Lastly, the Central Bank of Russia will be making their latest monetary policy decision.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831962377,"gmtCreate":1629280750399,"gmtModify":1631890036006,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"This is serious business!","listText":"This is serious business!","text":"This is serious business!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/831962377","repostId":"1113611040","repostType":4,"repost":{"id":"1113611040","pubTimestamp":1629279317,"share":"https://www.laohu8.com/m/news/1113611040?lang=&edition=full","pubTime":"2021-08-18 17:35","market":"us","language":"en","title":"Facebook, Google deepen undersea cable system with project in Asia","url":"https://stock-news.laohu8.com/highlight/detail?id=1113611040","media":"Seeking Alpha","summary":"It's time to lay some cables. Facebook and Google (GOOG,GOOGL) are backing two new undersea projects","content":"<ul>\n <li>It's time to lay some cables. <a href=\"https://laohu8.com/S/FB\">Facebook</a> and Google (GOOG,GOOGL) are backing two new undersea projects -one in Africa&nbsp;and the other in Asia. The latest collaboration will give the Silicon Valley giants more control of the internet infrastructure that support their businesses and meet growing demand for broadband access and 5G wireless connectivity. More than 400 commercially operated submarine cables currently lie on the ocean floor, carrying data as pulses of light inside thin optical fibers.</li>\n <li><i>2Africa project:</i>&nbsp;The effort in this region is part of a push to connect the approximately 3.5B people who are still without internet around the world. Facebook's user growth in developed markets like the U.S. and Europe is also slowing, giving it an advantage in Africa, which has an average mobile internet user rate of around 26% (compared to a world average of 51%). The project's plan calls for 35 landings across 26 countries, with the goal of building an underwater ring of fiber optic cables around Africa that would begin operating in 2023.</li>\n <li><i>Apricot:</i>&nbsp;Facebook and Google will also&nbsp;participate&nbsp;in a 7,500-mile-long underwater cable system in Asia that would connect Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore. The initiative is scheduled to go live in 2024 and \"will deliver much-needed internet capacity, redundancy, and reliability to expand connections in the Asia-Pacific region,\" said Facebook engineering manager Nico Roehrich.</li>\n <li><b>Background:</b>&nbsp;Silicon Valley has made a number of recent infrastructure moves into the subsea cable industry. In June, Google announced a new high-speed subsea cable between the U.S. and Argentina, dubbed Firmina, while Facebook and Amazon last week requested approval from the U.S. government for a new undersea data cable between the Philippines and California. In fact, Google now has investments in 18 subsea cables as global investments in the underwater projects are forecast to exceed $2B a year for the next several years.</li>\n <li><b>It's a big business:</b>&nbsp;Telecom operators own many of these cables, charging fees to companies that use them to transfer data. \"If you build your own cable, and you own your capacity, you don't have to pay anybody,\" said Alan Mauldin, an analyst at telecom market research firm TeleGeography. The objective is similar to Amazon's air cargo fleet, which the e-commerce giant started in 2015 to reduce its transportation costs and reliance on third parties.</li>\n</ul>","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>Facebook, Google deepen undersea cable system with project in Asia</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\">\nFacebook, Google deepen undersea cable system with project in Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3731701-facebook-google-deepen-undersea-cable-system-with-project-in-asia><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's time to lay some cables. Facebook and Google (GOOG,GOOGL) are backing two new undersea projects -one in Africa and the other in Asia. The latest collaboration will give the Silicon Valley giants ...</p>\n\n<a href=\"https://seekingalpha.com/news/3731701-facebook-google-deepen-undersea-cable-system-with-project-in-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/news/3731701-facebook-google-deepen-undersea-cable-system-with-project-in-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113611040","content_text":"It's time to lay some cables. Facebook and Google (GOOG,GOOGL) are backing two new undersea projects -one in Africa and the other in Asia. The latest collaboration will give the Silicon Valley giants more control of the internet infrastructure that support their businesses and meet growing demand for broadband access and 5G wireless connectivity. More than 400 commercially operated submarine cables currently lie on the ocean floor, carrying data as pulses of light inside thin optical fibers.\n2Africa project: The effort in this region is part of a push to connect the approximately 3.5B people who are still without internet around the world. Facebook's user growth in developed markets like the U.S. and Europe is also slowing, giving it an advantage in Africa, which has an average mobile internet user rate of around 26% (compared to a world average of 51%). The project's plan calls for 35 landings across 26 countries, with the goal of building an underwater ring of fiber optic cables around Africa that would begin operating in 2023.\nApricot: Facebook and Google will also participate in a 7,500-mile-long underwater cable system in Asia that would connect Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore. The initiative is scheduled to go live in 2024 and \"will deliver much-needed internet capacity, redundancy, and reliability to expand connections in the Asia-Pacific region,\" said Facebook engineering manager Nico Roehrich.\nBackground: Silicon Valley has made a number of recent infrastructure moves into the subsea cable industry. In June, Google announced a new high-speed subsea cable between the U.S. and Argentina, dubbed Firmina, while Facebook and Amazon last week requested approval from the U.S. government for a new undersea data cable between the Philippines and California. In fact, Google now has investments in 18 subsea cables as global investments in the underwater projects are forecast to exceed $2B a year for the next several years.\nIt's a big business: Telecom operators own many of these cables, charging fees to companies that use them to transfer data. \"If you build your own cable, and you own your capacity, you don't have to pay anybody,\" said Alan Mauldin, an analyst at telecom market research firm TeleGeography. The objective is similar to Amazon's air cargo fleet, which the e-commerce giant started in 2015 to reduce its transportation costs and reliance on third parties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845827717,"gmtCreate":1636330147468,"gmtModify":1636330147709,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"I love good news!","listText":"I love good news!","text":"I love good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845827717","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856723777,"gmtCreate":1635214616964,"gmtModify":1635214617204,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"There is no stopping Tesla!","listText":"There is no stopping Tesla!","text":"There is no stopping Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856723777","repostId":"1182426097","repostType":4,"repost":{"id":"1182426097","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1635202960,"share":"https://www.laohu8.com/m/news/1182426097?lang=&edition=full","pubTime":"2021-10-26 07:02","market":"us","language":"en","title":"Dow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1182426097","media":"Reuters","summary":"NEW YORK  - The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.While the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached ","content":"<p>NEW YORK (Reuters) - The Dow Industrials and S&amp;P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.</p>\n<p>While the Dow and S&amp;P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.</p>\n<p>Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.</p>\n<p>“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Tesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&amp;P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.</p>\n<p>The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&amp;P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.</p>\n<p>U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.</p>\n<p>The majority of the 11 major S&amp;P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.</p>\n<p>Shares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more&nbsp;than&nbsp;1% in extended trade in choppy trading.</p>\n<p>Other mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.</p>\n<p>This week, 165 components of the S&amp;P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&amp;P 500 companies to grow 34.8% year-on-year for the third quarter.</p>\n<p>Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&amp;P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.</p>\n<p>“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.</p>\n<p>Shares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.</p>\n<p>Volume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.</p>","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>Dow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nDow, S&P Close at Record Highs, Tesla Hits $1 Trillion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-26 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK (Reuters) - The Dow Industrials and S&amp;P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.</p>\n<p>While the Dow and S&amp;P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.</p>\n<p>Tesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.</p>\n<p>“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.</p>\n<p>Tesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&amp;P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.</p>\n<p>The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&amp;P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.</p>\n<p>U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.</p>\n<p>The majority of the 11 major S&amp;P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.</p>\n<p>Shares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more&nbsp;than&nbsp;1% in extended trade in choppy trading.</p>\n<p>Other mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.</p>\n<p>This week, 165 components of the S&amp;P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&amp;P 500 companies to grow 34.8% year-on-year for the third quarter.</p>\n<p>Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&amp;P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.</p>\n<p>“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.</p>\n<p>Shares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.</p>\n<p>Volume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","TSLA":"特斯拉",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182426097","content_text":"NEW YORK (Reuters) - The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.\nWhile the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla and PayPal, and the tech-heavy index stands less than 1% away from its Sept. 7 closing record.\nTesla Inc jumped 12.66% to its own new high of $1,045.02 and breached $1 trillion in market capitalization, after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.\n“Tesla, there is a lot of the chatter out there today and Hertz placing a big order has created some excitement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nTesla, which has risen in nine of the past ten sessions and is up more than 28% for the month, provided the biggest boost to the S&P 500 and the Nasdaq. Also helping to lift the two indexes was PayPal Inc, which gained 2.70% after the payments company scrapped plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion. Shares of Pinterest slumped 12.71%.\nThe Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15, the S&P 500 gained 21.58 points, or 0.47%, to 4,566.48 and the Nasdaq Composite added 136.51 points, or 0.9%, to 15,226.71.\nU.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal.\nThe majority of the 11 major S&P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply.\nShares of Facebook Inc were up 1.26% ahead of its quarterly results. Investor fears that like Snap Inc, the social media giant’s ad revenue could face the brunt of Apple Inc’s privacy changes appeared warranted as the social media company warned the rules would weigh on its digital business in the fourth quarter when it reported results after the closing bell. Its shares rose more than 1% in extended trade in choppy trading.\nOther mega-cap names scheduled to report this week include Apple, Microsoft Corp and Google parent Alphabet Inc.\nThis week, 165 components of the S&P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&P 500 companies to grow 34.8% year-on-year for the third quarter.\nInvestors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&P 500 that have reported earnings through Monday morning, 83.2% have topped analysts’ expectations.\n“We are obviously in the heart of earnings season here, and that is a lot of what is going on and earnings are coming in better than expected and there was real fear we would see some bad earnings reports because of supply-chain issues and reduced outlooks, again because of supply-chain issues. So far, so good,” said Ghriskey.\nShares of Kimberley-Clark declined 2.20% after the Huggies diaper maker cut its 2021 profit outlook due to higher input cost inflation.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.76-to-1 ratio favored advancers.\nThe S&P 500 posted 78 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 161 new highs and 87 new lows.\nVolume on U.S. exchanges was 10.89 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863956837,"gmtCreate":1632354984329,"gmtModify":1632801027114,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"💪🏻💪🏻💪🏻","listText":"💪🏻💪🏻💪🏻","text":"💪🏻💪🏻💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/863956837","repostId":"2169650271","repostType":4,"repost":{"id":"2169650271","pubTimestamp":1632343898,"share":"https://www.laohu8.com/m/news/2169650271?lang=&edition=full","pubTime":"2021-09-23 04:51","market":"us","language":"en","title":"Wall St ends higher as Fed signals bond-buying taper soon","url":"https://stock-news.laohu8.com/highlight/detail?id=2169650271","media":"Reuters","summary":"NEW YORK, Sept 22 (Reuters) - The three major U.S. stock indexes rose 1% on Wednesday as investors m","content":"<p>NEW YORK, Sept 22 (Reuters) - The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon.</p>\n<p>The S&amp;P 500 registered its biggest daily percentage gain since July 23.</p>\n<p>While trading was choppy following the Fed's latest policy statement and comments by Fed Chair Jerome Powell, stocks finished close to where they were before the central bank news.</p>\n<p>In its statement, the central bank also suggested interest rate increases may follow more quickly than expected and said overall indicators in the economy \"have continued to strengthen.\"</p>\n<p>Bank shares rose following the Fed news, with the S&amp;P banks index ending up 2.1% on the day, and S&amp;P 500 financials up 1.6% and among the biggest gainers among sectors.</p>\n<p>Some strategists viewed the Fed's comments as mixed.</p>\n<p>\"So they said we're going to probably start to taper, but they haven't said when and haven't said how much, so we're kind of back where we were a day ago,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>\"Those remain open questions,\" he said. \"Also, financial conditions remain very easy, and that's part of the reason why markets aren't going crazy at this point.\"</p>\n<p>The Dow Jones Industrial Average rose 338.48 points, or 1%, to 34,258.32, the S&amp;P 500 gained 41.45 points, or 0.95%, to 4,395.64 and the Nasdaq Composite added 150.45 points, or 1.02%, to 14,896.85.</p>\n<p>Apple and other big technology-related names gave the S&amp;P 500 its biggest boost.</p>\n<p>On the downside, FedEx Corp tumbled 9.1% after posting a lower quarterly profit and as the delivery firm cut its full-year earnings forecast.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 3.88-to-1 ratio; on Nasdaq, a 2.38-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted nine new 52-week highs and eight new lows; the Nasdaq Composite recorded 52 new highs and 66 new lows.</p>\n<p>Volume on U.S. exchanges was 9.91 billion shares, compared with the 9.99 billion average for the full session over the last 20 trading days.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St ends higher as Fed signals bond-buying taper soon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St ends higher as Fed signals bond-buying taper soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 04:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-st-ends-205138667.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, Sept 22 (Reuters) - The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-st-ends-205138667.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","FDX":"联邦快递",".SPX":"S&P 500 Index","OEX":"标普100",".IXIC":"NASDAQ Composite","SH":"标普500反向ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","COMP":"Compass, Inc.",".DJI":"道琼斯","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-st-ends-205138667.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169650271","content_text":"NEW YORK, Sept 22 (Reuters) - The three major U.S. stock indexes rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon.\nThe S&P 500 registered its biggest daily percentage gain since July 23.\nWhile trading was choppy following the Fed's latest policy statement and comments by Fed Chair Jerome Powell, stocks finished close to where they were before the central bank news.\nIn its statement, the central bank also suggested interest rate increases may follow more quickly than expected and said overall indicators in the economy \"have continued to strengthen.\"\nBank shares rose following the Fed news, with the S&P banks index ending up 2.1% on the day, and S&P 500 financials up 1.6% and among the biggest gainers among sectors.\nSome strategists viewed the Fed's comments as mixed.\n\"So they said we're going to probably start to taper, but they haven't said when and haven't said how much, so we're kind of back where we were a day ago,\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.\n\"Those remain open questions,\" he said. \"Also, financial conditions remain very easy, and that's part of the reason why markets aren't going crazy at this point.\"\nThe Dow Jones Industrial Average rose 338.48 points, or 1%, to 34,258.32, the S&P 500 gained 41.45 points, or 0.95%, to 4,395.64 and the Nasdaq Composite added 150.45 points, or 1.02%, to 14,896.85.\nApple and other big technology-related names gave the S&P 500 its biggest boost.\nOn the downside, FedEx Corp tumbled 9.1% after posting a lower quarterly profit and as the delivery firm cut its full-year earnings forecast.\nAdvancing issues outnumbered declining ones on the NYSE by a 3.88-to-1 ratio; on Nasdaq, a 2.38-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and eight new lows; the Nasdaq Composite recorded 52 new highs and 66 new lows.\nVolume on U.S. exchanges was 9.91 billion shares, compared with the 9.99 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":605592940,"gmtCreate":1639187497003,"gmtModify":1639187497221,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Why?? Again?!","listText":"Why?? Again?!","text":"Why?? Again?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605592940","repostId":"1133027099","repostType":4,"isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820508845,"gmtCreate":1633398975561,"gmtModify":1633398992269,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Just another hiccup for Facebook.","listText":"Just another hiccup for Facebook.","text":"Just another hiccup for Facebook.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/820508845","repostId":"1143781634","repostType":4,"isVote":1,"tweetType":1,"viewCount":991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":898134973,"gmtCreate":1628477217292,"gmtModify":1631883992972,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Hope they will do a thorough investigation and not just let this fade over time..","listText":"Hope they will do a thorough investigation and not just let this fade over time..","text":"Hope they will do a thorough investigation and not just let this fade over time..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898134973","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":858568578,"gmtCreate":1635084549576,"gmtModify":1635084549761,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Market leader calls the shots!","listText":"Market leader calls the shots!","text":"Market leader calls the shots!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858568578","repostId":"2177448205","repostType":4,"isVote":1,"tweetType":1,"viewCount":830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891538516,"gmtCreate":1628397905935,"gmtModify":1631890036009,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Wow.. this is a good read.","listText":"Wow.. this is a good read.","text":"Wow.. this is a good read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891538516","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":842129109,"gmtCreate":1636157017893,"gmtModify":1636157018178,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"Such a bold piece!","listText":"Such a bold piece!","text":"Such a bold piece!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842129109","repostId":"1180620689","repostType":4,"repost":{"id":"1180620689","pubTimestamp":1636112077,"share":"https://www.laohu8.com/m/news/1180620689?lang=&edition=full","pubTime":"2021-11-05 19:34","market":"us","language":"en","title":"Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.","url":"https://stock-news.laohu8.com/highlight/detail?id=1180620689","media":"Barrons","summary":"Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-r","content":"<p>Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The firm’s CEO, David Trainer, says Tesla shares could fall as much as 88%, to roughly $150 a share.</p>\n<p>His argument, which isn’t the first extreme bear or bull case Tesla (ticker: TSLA) investors have had to weigh, is mainly based on math.</p>\n<p>Tesla stock, which has risen about 57% over the past month, was little changed in premarket trading Friday after gaining up 1.3% Thursday afternoon, while the&nbsp;S&amp;P 500&nbsp;advanced 0.4% and the&nbsp;Dow Jones Industrial Average&nbsp;finished off 0.1%. Strong third-quarter deliveries, earnings, and a sale of 100,000 vehicles to the rental-car company&nbsp;Hertz&nbsp;(HTZZ) have sent the stock through the roof.</p>\n<p>Today, Tesla is worth roughly $1.2 trillion–a figure Trainer says makes no sense. Tesla didn’t immediately respond to a request for comment.</p>\n<p>“The $1.2 trillion valuation implies Tesla owns 118% of the entire global passenger EV market and becomes more profitable than&nbsp;Apple&nbsp;[AAPL] by 2030,” wrote Trainer in a Thursday report. His work looked at what kind of sales and earnings the company would have to achieve to be worth that much.</p>\n<p>Trainer believes Tesla would have to sell almost 31 million vehicles in 2030 to justify the current valuation. That is more than he expects the entire industry to produce, based on figures from the International Energy Agency. The base case in the IEA’s 2021 outlook for electric vehicles projects annual global sales of about 28 million EVs at the end of the decade.</p>\n<p>To be sure, that IEA report was published in April, before many auto makers committed to spending billions of dollars on vehicle electrification and battery-production capacity. It was in August that President Joe Biden announced his <a href=\"https://www.marketwatch.com/articles/tesla-musk-biden-ev-stock-51628202850\" target=\"_blank\">goal for EVs</a> to account for 50% of new-car sales by 2030. And the IEA report includes a best-case scenario with about 47 million EVs sold around the world annually by 2030.</p>\n<p>There are, of course, Tesla bulls, and most of them don’t believe Tesla is going to sell 31 million cars a year by 2030. Morgan Stanley’s Adam Jonas, who rates the stock at Buy and has a $1,200 price target for shares, predicts annual sales of about 8 million units by then.</p>\n<p>Jonas believes Tesla will be more profitable than traditional auto makers. But Trainer assumes that Tesla will have operating profit margins in line with those of General Motors&nbsp;(GM). With 31 million vehicles sold, that might mean Tesla earns $131 billion in 2030 operating profit, higher than the $100 billion-plus Apple is pulling in now, he said.</p>\n<p>But if Jonas’s call for Tesla to sell 8 million vehicles in 2030 is correct, Trainer said, that would yield earnings of about $30 billion annually, assuming Elon Musk’s company only matches GM’s net operating after-tax profit margin of 8.5%.</p>\n<p>Recently, of course, some of Tesla’s profit margins have been industry-leading, which is no surprise given the popularity of the vehicles and the fact that the company doesn’t have the pension obligations its older rivals face. Third-quarter gross margins exceeded GM’s,Ford Motor‘s (F), and&nbsp;Volkswagen’s&nbsp;(VOW3. Germany), to name a few.</p>\n<p>Longer-term margins are hard to predict, though Trainer told <i>Barron’s</i> he thinks his assumption is fair. They depend on factors such as software sales—all auto makers are offering software-enabled features that can be sold on subscriptions—as well as battery costs.</p>\n<p>“Putting it all together: Tesla provides poor risk/reward,” Trainer wrote.</p>\n<p>His arguments are unlikely to sway the many bulls who follow the stock. There are 14 analysts, almost one-third of the 44 Bloomberg tracks, with target prices that value Tesla at $1 trillion or more.</p>\n<p>The bulls believe Tesla is the EV leader and will increase its sales and production volume at 50% a year on average for the foreseeable future. They also believe EVs will be more profitable than traditional vehicles and that Tesla will maintain its cost leadership. Many bulls also believe that Tesla’s power-storage business, plus a robotaxi operation it could launch if it succeeds in developing self-driving cars, will generate significant sales.</p>\n<p>Time will tell who is right. The bulls are feeling good these days given Tesla’s strong results. And the bears are staring agape at the stock’s valuation, which essentially matches all of the world’s traditional auto makers combined.</p>","source":"lsy1601382232898","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>Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.</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\">\nTesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-05 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST\">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.barrons.com/articles/tesla-stock-overvalued-1-trillion-51636053056?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180620689","content_text":"Tesla‘s market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that. The firm’s CEO, David Trainer, says Tesla shares could fall as much as 88%, to roughly $150 a share.\nHis argument, which isn’t the first extreme bear or bull case Tesla (ticker: TSLA) investors have had to weigh, is mainly based on math.\nTesla stock, which has risen about 57% over the past month, was little changed in premarket trading Friday after gaining up 1.3% Thursday afternoon, while the S&P 500 advanced 0.4% and the Dow Jones Industrial Average finished off 0.1%. Strong third-quarter deliveries, earnings, and a sale of 100,000 vehicles to the rental-car company Hertz (HTZZ) have sent the stock through the roof.\nToday, Tesla is worth roughly $1.2 trillion–a figure Trainer says makes no sense. Tesla didn’t immediately respond to a request for comment.\n“The $1.2 trillion valuation implies Tesla owns 118% of the entire global passenger EV market and becomes more profitable than Apple [AAPL] by 2030,” wrote Trainer in a Thursday report. His work looked at what kind of sales and earnings the company would have to achieve to be worth that much.\nTrainer believes Tesla would have to sell almost 31 million vehicles in 2030 to justify the current valuation. That is more than he expects the entire industry to produce, based on figures from the International Energy Agency. The base case in the IEA’s 2021 outlook for electric vehicles projects annual global sales of about 28 million EVs at the end of the decade.\nTo be sure, that IEA report was published in April, before many auto makers committed to spending billions of dollars on vehicle electrification and battery-production capacity. It was in August that President Joe Biden announced his goal for EVs to account for 50% of new-car sales by 2030. And the IEA report includes a best-case scenario with about 47 million EVs sold around the world annually by 2030.\nThere are, of course, Tesla bulls, and most of them don’t believe Tesla is going to sell 31 million cars a year by 2030. Morgan Stanley’s Adam Jonas, who rates the stock at Buy and has a $1,200 price target for shares, predicts annual sales of about 8 million units by then.\nJonas believes Tesla will be more profitable than traditional auto makers. But Trainer assumes that Tesla will have operating profit margins in line with those of General Motors (GM). With 31 million vehicles sold, that might mean Tesla earns $131 billion in 2030 operating profit, higher than the $100 billion-plus Apple is pulling in now, he said.\nBut if Jonas’s call for Tesla to sell 8 million vehicles in 2030 is correct, Trainer said, that would yield earnings of about $30 billion annually, assuming Elon Musk’s company only matches GM’s net operating after-tax profit margin of 8.5%.\nRecently, of course, some of Tesla’s profit margins have been industry-leading, which is no surprise given the popularity of the vehicles and the fact that the company doesn’t have the pension obligations its older rivals face. Third-quarter gross margins exceeded GM’s,Ford Motor‘s (F), and Volkswagen’s (VOW3. Germany), to name a few.\nLonger-term margins are hard to predict, though Trainer told Barron’s he thinks his assumption is fair. They depend on factors such as software sales—all auto makers are offering software-enabled features that can be sold on subscriptions—as well as battery costs.\n“Putting it all together: Tesla provides poor risk/reward,” Trainer wrote.\nHis arguments are unlikely to sway the many bulls who follow the stock. There are 14 analysts, almost one-third of the 44 Bloomberg tracks, with target prices that value Tesla at $1 trillion or more.\nThe bulls believe Tesla is the EV leader and will increase its sales and production volume at 50% a year on average for the foreseeable future. They also believe EVs will be more profitable than traditional vehicles and that Tesla will maintain its cost leadership. Many bulls also believe that Tesla’s power-storage business, plus a robotaxi operation it could launch if it succeeds in developing self-driving cars, will generate significant sales.\nTime will tell who is right. The bulls are feeling good these days given Tesla’s strong results. And the bears are staring agape at the stock’s valuation, which essentially matches all of the world’s traditional auto makers combined.","news_type":1},"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829230408,"gmtCreate":1633510080928,"gmtModify":1633510081160,"author":{"id":"4087890904031420","authorId":"4087890904031420","name":"1moretime","avatar":"https://static.tigerbbs.com/8f4021db7dfd5e5a08edfc57ea25e740","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087890904031420","authorIdStr":"4087890904031420"},"themes":[],"htmlText":"💪🏻💪🏻💪🏻","listText":"💪🏻💪🏻💪🏻","text":"💪🏻💪🏻💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829230408","repostId":"1143781634","repostType":4,"isVote":1,"tweetType":1,"viewCount":713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}