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2021-05-09

Pinduoduo pinduoduo woo woo

3 Reasons Pinduoduo Stock Fell by More Than 30% in 2021

2021-05-09

Nice

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2021-05-06

Buy or sell?

2021-04-30

Cool

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2021-04-27

Good company, nothing to fear

Ant Valuation Seen Falling to $29 Billion in Worst-Case Scenario

2021-04-25

When the dust settles?

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2021-04-24

Go boy

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2021-04-24

One after another

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2021-04-24

Isit gona sky Rocket after this read?

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2021-04-24

Sounds real

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2021-04-21

Seems like gd news

Chinafy Joins Alibaba Cloud Partner Network

2021-04-20

Not again

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2021-04-17

True true true

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

2021-04-17

Good

Einhorn: "The Market Is Fractured And In The Process Of Breaking Completely"

2021-04-17

Wow... It's worth so much

Grab considering secondary Singapore listing after U.S. SPAC merger - sources

2021-04-17

Great to iron things out

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2021-04-14

Coinnnnnnssssss

@量说交易心法:比特币不是决定Coinbase价值的唯一和最终因素

2021-04-12

Datas

JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week

2021-04-12

Great ariticle, would you like to share it?

JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week

2021-04-11

Looks like a small change

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The surge in online shopping driven by pandemic lockdown orders and social distancing efforts benefited major e-commerce players like <b>Sea Limited</b> and <b>Amazon</b>. Pinduoduo, too, rose to the occasion, gaining major ground on rivals <b>Alibaba</b> (NYSE:BABA) and <b>JD.com</b>. Its revenue grew by 97% year over year in 2020.</p><p>But Pinduoduo's share-price climb seems to have run out of steam, despite continued strength for some other tech bellwethers. <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> share prices even hit an all-time high last week, underscoring that there's sustained demand among investors for quality tech names. Pinduoduo stock, on the other hand, is now trading down about 37% from its peak in mid-February.</p><p>Here's why the company and its stock may have fallen out of favor.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F624680%2Fwoman-shrugging-confused-uncertain-square.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2>3 reasons Pinduoduo stock has tumbled in 2021</h2><p>Pinduoduo's emergence as a major force in e-commerce has been nothing short of remarkable. In just five short years, it went from an unknown start-up to China's biggest e-commerce platform, with more active buyers than Alibaba. Revenue grew at a stunning rate and hit 59.5 &nbsp;billion yuan ($9.2 billion) in 2020, almost doubling&nbsp;year over year.</p><p>The company owes much of its success to founder Zheng Huang, a data scientist and entrepreneur who was part of the team that set up <b>Alphabet</b>'s Google China. But less than a year after he relinquished his role as CEO (on July 1, 2020) -- a move that was itself shocking -- Huang also recently stepped down as chairman of the board. That latest move may have spooked investors further -- the stock price is down 17% since the announcement on March 17.</p><p>But that's not the only reason for concern. Chinese regulators have launched wide-ranging antitrust probes into that nation's large tech companies. The government just fined Alibaba $2.8 billion for breaking anti-monopoly laws. <b>Tencent</b> and <b>Baidu</b> were hit with much smaller fines&nbsp;in March for making acquisitions without notifying authorities.</p><p>There's no clear evidence -- so far -- that Pinduoduo is involved in anti-competitive activities. But what's clear is that China is tightening its grip over its local tech titans, hurting their growth prospects. As <a href=\"https://laohu8.com/S/AONE.U\">one</a> of China's biggest e-commerce companies, Pinduoduo will need to adapt to those challenges.</p><p>In addition to these two reasons, the tide in the stock market is turning against high-growth tech companies. With many Americans beginning to resume their pre-pandemic ways, investors are selling the hypergrowth tech stocks that flourished during 2020, taking their profits, and shifting their bets into \"reopening\" plays like <b>Wells Fargo</b> and <b>Dine Brands Global</b>. Some of last year's hottest names like <b>Tesla</b> and <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b> are down by 20% to 50% from all-time highs. As Pinduoduo was one of 2020's best-performing stocks, there's a high chance that some of its recent declines can be attributed to it getting caught up in the wider tech sell-off.</p><h2>What's next for Pinduoduo?</h2><p>Huang's abrupt exit from day-to-day operations at Pinduoduo has left investors with a clouded outlook heading into 2021. But it's worth noting that he remains the company's biggest shareholder. As a result, he will likely continue providing some guidance to the company. What's more, he has left Pinduoduo's management in good hands. New CEO Lei Chen -- who has worked with Huang since 2011 -- has been a key contributor to growing it into the powerhouse that it is today.</p><p>Over the next few years, Pinduoduo is well-positioned to expand further on the back of rising customer spending. Its users spend just 2,115 yuan ($300) a year on the platform, still low compared to what the average customer spends on Alibaba. Beyond e-commerce, Pinduoduo has a vision to build a \"worldwide presence in agriculture,\" which could dramatically widen its addressable market. Agriculture-related gross merchandise value (GMV) nearly doubled from 136 billion yuan in 2019 to 270 billion yuan in 2020. Management expects to hit 1 trillion yuan (around $150 billion) in annual agriculture by 2025.</p><p>In other words, Pinduoduo is just getting started -- and growth-oriented investors should take note.</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>3 Reasons Pinduoduo Stock Fell by More Than 30% 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\">\n3 Reasons Pinduoduo Stock Fell by More Than 30% in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 22:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/07/3-reasons-pinduoduo-stock-fell-by-more-than-30/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese e-commerce company Pinduoduo (NASDAQ:PDD) was one of 2020's best-performing stocks, rallying by more than 300% during the year. The surge in online shopping driven by pandemic lockdown orders ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/07/3-reasons-pinduoduo-stock-fell-by-more-than-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","PDD":"拼多多","QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴"},"source_url":"https://www.fool.com/investing/2021/05/07/3-reasons-pinduoduo-stock-fell-by-more-than-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133500411","content_text":"Chinese e-commerce company Pinduoduo (NASDAQ:PDD) was one of 2020's best-performing stocks, rallying by more than 300% during the year. The surge in online shopping driven by pandemic lockdown orders and social distancing efforts benefited major e-commerce players like Sea Limited and Amazon. Pinduoduo, too, rose to the occasion, gaining major ground on rivals Alibaba (NYSE:BABA) and JD.com. Its revenue grew by 97% year over year in 2020.But Pinduoduo's share-price climb seems to have run out of steam, despite continued strength for some other tech bellwethers. Facebook share prices even hit an all-time high last week, underscoring that there's sustained demand among investors for quality tech names. Pinduoduo stock, on the other hand, is now trading down about 37% from its peak in mid-February.Here's why the company and its stock may have fallen out of favor.Image source: Getty Images.3 reasons Pinduoduo stock has tumbled in 2021Pinduoduo's emergence as a major force in e-commerce has been nothing short of remarkable. In just five short years, it went from an unknown start-up to China's biggest e-commerce platform, with more active buyers than Alibaba. Revenue grew at a stunning rate and hit 59.5  billion yuan ($9.2 billion) in 2020, almost doubling year over year.The company owes much of its success to founder Zheng Huang, a data scientist and entrepreneur who was part of the team that set up Alphabet's Google China. But less than a year after he relinquished his role as CEO (on July 1, 2020) -- a move that was itself shocking -- Huang also recently stepped down as chairman of the board. That latest move may have spooked investors further -- the stock price is down 17% since the announcement on March 17.But that's not the only reason for concern. Chinese regulators have launched wide-ranging antitrust probes into that nation's large tech companies. The government just fined Alibaba $2.8 billion for breaking anti-monopoly laws. Tencent and Baidu were hit with much smaller fines in March for making acquisitions without notifying authorities.There's no clear evidence -- so far -- that Pinduoduo is involved in anti-competitive activities. But what's clear is that China is tightening its grip over its local tech titans, hurting their growth prospects. As one of China's biggest e-commerce companies, Pinduoduo will need to adapt to those challenges.In addition to these two reasons, the tide in the stock market is turning against high-growth tech companies. With many Americans beginning to resume their pre-pandemic ways, investors are selling the hypergrowth tech stocks that flourished during 2020, taking their profits, and shifting their bets into \"reopening\" plays like Wells Fargo and Dine Brands Global. Some of last year's hottest names like Tesla and Snowflake are down by 20% to 50% from all-time highs. As Pinduoduo was one of 2020's best-performing stocks, there's a high chance that some of its recent declines can be attributed to it getting caught up in the wider tech sell-off.What's next for Pinduoduo?Huang's abrupt exit from day-to-day operations at Pinduoduo has left investors with a clouded outlook heading into 2021. But it's worth noting that he remains the company's biggest shareholder. As a result, he will likely continue providing some guidance to the company. What's more, he has left Pinduoduo's management in good hands. New CEO Lei Chen -- who has worked with Huang since 2011 -- has been a key contributor to growing it into the powerhouse that it is today.Over the next few years, Pinduoduo is well-positioned to expand further on the back of rising customer spending. Its users spend just 2,115 yuan ($300) a year on the platform, still low compared to what the average customer spends on Alibaba. Beyond e-commerce, Pinduoduo has a vision to build a \"worldwide presence in agriculture,\" which could dramatically widen its addressable market. Agriculture-related gross merchandise value (GMV) nearly doubled from 136 billion yuan in 2019 to 270 billion yuan in 2020. Management expects to hit 1 trillion yuan (around $150 billion) in annual agriculture by 2025.In other words, Pinduoduo is just getting started -- and growth-oriented investors should take note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107204651,"gmtCreate":1620491793073,"gmtModify":1634198426486,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107204651","repostId":"1186544816","repostType":2,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102481712,"gmtCreate":1620230764336,"gmtModify":1634206789854,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Buy or sell?&nbsp;","listText":"Buy or sell?&nbsp;","text":"Buy or sell?","images":[{"img":"https://static.tigerbbs.com/cf04b39d92ebda7f52b1ff43d439358d","width":"1080","height":"3021"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102481712","isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":103893579,"gmtCreate":1619763199291,"gmtModify":1634210089182,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103893579","repostId":"1188621142","repostType":2,"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377311077,"gmtCreate":1619496135399,"gmtModify":1634212276874,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Good company, nothing to fear","listText":"Good company, nothing to fear","text":"Good company, nothing to fear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377311077","repostId":"1174102331","repostType":2,"repost":{"id":"1174102331","pubTimestamp":1619489615,"share":"https://www.laohu8.com/m/news/1174102331?lang=&edition=full","pubTime":"2021-04-27 10:13","market":"hk","language":"en","title":"Ant Valuation Seen Falling to $29 Billion in Worst-Case Scenario","url":"https://stock-news.laohu8.com/highlight/detail?id=1174102331","media":"Bloomberg","summary":"Ant Group Co.’s valuation could plummet to as low as $29 billion after becoming a financial holding ","content":"<p>Ant Group Co.’s valuation could plummet to as low as $29 billion after becoming a financial holding company that’s regulated more like a bank, according to Bloomberg Intelligence.</p>\n<p>The regulatory clampdown could push Ant’s revenue growth to the low teens compared with 30% in November, dragging down profit prospects, analyst Francis Chan wrote in a&nbsp;report&nbsp;on Tuesday. Ant’s valuation could drop to a range of $29 billion to $115 billion, from $320 billion previously, he forecasts.</p>\n<p>Ant’s valuation could come to resemble those of banks and other mainstay financial institutions, Chan said. The fintech company is facing curbs on all fronts, from online lending to payments, wealth management and insurance.</p>\n<p>The company’s consumer lending units Huabei and Jiebei could suffer with their links being removed from Alipay, which has a billion users, Chan said. Ant will face more restrictions accessing and using personal information via credit investigations, he added. The company also needs to lower the balance of its Yu’ebao wealth management service, which plunged 18% in the first quarter.</p>\n<p>“Ant Group’s future as China’s fintech giant could be characterized by diminished greatness, with or without Jack Ma,” said Chan. Ma currently holds a controlling stake in the company.</p>\n<p>If Ant is seen like a traditional lender, even a fast-growing one such as&nbsp;China Merchants Bank Co., its valuation might not stretch beyond 487 billion yuan ($75 billion) to 492 billion yuan, Chan said. In the downside scenario, the market may assess Ant similar to the MSCI China Financials index, which implies a value of 186 billion yuan to 245 billion yuan.</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>Ant Valuation Seen Falling to $29 Billion in Worst-Case Scenario</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\">\nAnt Valuation Seen Falling to $29 Billion in Worst-Case Scenario\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-27/ant-valuation-seen-falling-to-29-billion-in-worst-case-scenario?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ant Group Co.’s valuation could plummet to as low as $29 billion after becoming a financial holding company that’s regulated more like a bank, according to Bloomberg Intelligence.\nThe regulatory ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-27/ant-valuation-seen-falling-to-29-billion-in-worst-case-scenario?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06688":"蚂蚁集团","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-27/ant-valuation-seen-falling-to-29-billion-in-worst-case-scenario?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174102331","content_text":"Ant Group Co.’s valuation could plummet to as low as $29 billion after becoming a financial holding company that’s regulated more like a bank, according to Bloomberg Intelligence.\nThe regulatory clampdown could push Ant’s revenue growth to the low teens compared with 30% in November, dragging down profit prospects, analyst Francis Chan wrote in a report on Tuesday. Ant’s valuation could drop to a range of $29 billion to $115 billion, from $320 billion previously, he forecasts.\nAnt’s valuation could come to resemble those of banks and other mainstay financial institutions, Chan said. The fintech company is facing curbs on all fronts, from online lending to payments, wealth management and insurance.\nThe company’s consumer lending units Huabei and Jiebei could suffer with their links being removed from Alipay, which has a billion users, Chan said. Ant will face more restrictions accessing and using personal information via credit investigations, he added. The company also needs to lower the balance of its Yu’ebao wealth management service, which plunged 18% in the first quarter.\n“Ant Group’s future as China’s fintech giant could be characterized by diminished greatness, with or without Jack Ma,” said Chan. Ma currently holds a controlling stake in the company.\nIf Ant is seen like a traditional lender, even a fast-growing one such as China Merchants Bank Co., its valuation might not stretch beyond 487 billion yuan ($75 billion) to 492 billion yuan, Chan said. In the downside scenario, the market may assess Ant similar to the MSCI China Financials index, which implies a value of 186 billion yuan to 245 billion yuan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375813687,"gmtCreate":1619321981049,"gmtModify":1634274245970,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"When the dust settles?&nbsp;","listText":"When the dust settles?&nbsp;","text":"When the dust settles?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/375813687","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372433000,"gmtCreate":1619232069800,"gmtModify":1634287572919,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Go boy","listText":"Go boy","text":"Go boy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372433000","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372497415,"gmtCreate":1619231929237,"gmtModify":1631883991953,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"One after another","listText":"One after another","text":"One after another","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372497415","repostId":"1170805005","repostType":2,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372497843,"gmtCreate":1619231898282,"gmtModify":1634287574772,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Isit gona sky Rocket after this read?&nbsp;","listText":"Isit gona sky Rocket after this read?&nbsp;","text":"Isit gona sky Rocket after this read?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372497843","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372491747,"gmtCreate":1619231544189,"gmtModify":1634287579775,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Sounds real","listText":"Sounds real","text":"Sounds 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news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378912709","repostId":"2129827063","repostType":2,"repost":{"id":"2129827063","pubTimestamp":1618989180,"share":"https://www.laohu8.com/m/news/2129827063?lang=&edition=full","pubTime":"2021-04-21 15:13","market":"us","language":"en","title":"Chinafy Joins Alibaba Cloud Partner Network","url":"https://stock-news.laohu8.com/highlight/detail?id=2129827063","media":"StreetInsider","summary":"HONG KONG, April 21, 2021 /PRNewswire/ -- Chinafy announces today that it has joined the Alibaba Clo","content":"<html><body><div>\n<div>\n<p>HONG KONG, April 21, 2021 /PRNewswire/ --<b> Chinafy announces today that it has joined the Alibaba Cloud Technology Partner Network. </b></p>\n<p>This partnership enables global multinationals, e-commerce, travel, and technology companies <b>improved</b> access to website acceleration and SEO performance in China, a faster go-to-market strategy, and content delivery via a more extensive near-China CDN network. </p>\n<p>For Alibaba Cloud customers with websites, they now have a streamlined option to leverage Chinafy's intelligent resource optimization platform and accelerate both onshore, and offshore web performance in China.</p>\n<p>For Chinafy customers, they now have the option to elect Alibaba Cloud's extensive content delivery network and Alibaba's China Gateway Consulting services as part of their web optimization process with Chinafy. </p>\n<p>\"With the depth of Alibaba Cloud's local expertise, vast infrastructure and multiple points-of-presence, Chinafy is able to offer improved performance, and reliability for businesses looking to grow in China\" - Kevin Lepsoe, CEO of Chinafy.</p>\n<p>For more information about Alibaba Cloud Partner Network, please visit https://www.alibabacloud.com/partner</p>\n<p>For more information about Chinafy Partners and how to become a partner, please visit https://www.chinafy.com/partners</p>\n<p><b>About Alibaba Cloud</b></p>\n<p>Alibaba Cloud, founded in 2009, is a global leader in cloud computing and artificial intelligence, providing services to thousands of enterprises, developers, and government organizations in more than 200 countries and regions. Committed to the success of its customers, Alibaba Cloud provides reliable and secure cloud computing and data processing capabilities as a part of its online solutions. Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.</p>\n<p><b>About Chinafy</b></p>\n<p>Headquartered in Hong Kong, Chinafy (<span>www.chinafy.com</span>) is on a mission to put the world's second-largest economy within reach for global companies everywhere with their Web Performance Solutions for China. Chinafy's platform accelerates, optimizes, and protects any internet property for delivery in China without adding hardware or manually modifying a line of code. By combining intelligent China-specific resource optimizations, with a multi-layered infrastructure, internet properties are able to achieve significant improvements in performance, a decrease in bounce rates, and an increase in conversions in China in a more cost-effective, results-driven way.</p>\n<p><img height=\"12\" src=\"https://c212.net/c/img/favicon.png?sn=HK50283&amp;sd=2021-04-21\" title=\"Cision\" width=\"12\"/> View original content:http://www.prnewswire.com/news-releases/chinafy-joins-alibaba-cloud-partner-network-301273494.html</p>\n<p>SOURCE  Chinafy</p>\n</div> </div></body></html>","source":"highlight_streetinsider","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>Chinafy Joins Alibaba Cloud Partner Network</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\">\nChinafy Joins Alibaba Cloud Partner Network\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 15:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18286787><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG, April 21, 2021 /PRNewswire/ -- Chinafy announces today that it has joined the Alibaba Cloud Technology Partner Network. \nThis partnership enables global multinationals, e-commerce, travel, ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18286787\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18286787","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129827063","content_text":"HONG KONG, April 21, 2021 /PRNewswire/ -- Chinafy announces today that it has joined the Alibaba Cloud Technology Partner Network. \nThis partnership enables global multinationals, e-commerce, travel, and technology companies improved access to website acceleration and SEO performance in China, a faster go-to-market strategy, and content delivery via a more extensive near-China CDN network. \nFor Alibaba Cloud customers with websites, they now have a streamlined option to leverage Chinafy's intelligent resource optimization platform and accelerate both onshore, and offshore web performance in China.\nFor Chinafy customers, they now have the option to elect Alibaba Cloud's extensive content delivery network and Alibaba's China Gateway Consulting services as part of their web optimization process with Chinafy. \n\"With the depth of Alibaba Cloud's local expertise, vast infrastructure and multiple points-of-presence, Chinafy is able to offer improved performance, and reliability for businesses looking to grow in China\" - Kevin Lepsoe, CEO of Chinafy.\nFor more information about Alibaba Cloud Partner Network, please visit https://www.alibabacloud.com/partner\nFor more information about Chinafy Partners and how to become a partner, please visit https://www.chinafy.com/partners\nAbout Alibaba Cloud\nAlibaba Cloud, founded in 2009, is a global leader in cloud computing and artificial intelligence, providing services to thousands of enterprises, developers, and government organizations in more than 200 countries and regions. Committed to the success of its customers, Alibaba Cloud provides reliable and secure cloud computing and data processing capabilities as a part of its online solutions. Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.\nAbout Chinafy\nHeadquartered in Hong Kong, Chinafy (www.chinafy.com) is on a mission to put the world's second-largest economy within reach for global companies everywhere with their Web Performance Solutions for China. Chinafy's platform accelerates, optimizes, and protects any internet property for delivery in China without adding hardware or manually modifying a line of code. By combining intelligent China-specific resource optimizations, with a multi-layered infrastructure, internet properties are able to achieve significant improvements in performance, a decrease in bounce rates, and an increase in conversions in China in a more cost-effective, results-driven way.\n View original content:http://www.prnewswire.com/news-releases/chinafy-joins-alibaba-cloud-partner-network-301273494.html\nSOURCE  Chinafy","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371013256,"gmtCreate":1618891478375,"gmtModify":1634290097552,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Not again","listText":"Not again","text":"Not again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371013256","repostId":"2128959388","repostType":2,"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370779741,"gmtCreate":1618632289783,"gmtModify":1634291641139,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"True true true","listText":"True true true","text":"True true true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370779741","repostId":"1165321503","repostType":4,"repost":{"id":"1165321503","pubTimestamp":1618588143,"share":"https://www.laohu8.com/m/news/1165321503?lang=&edition=full","pubTime":"2021-04-16 23:49","market":"us","language":"en","title":"Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put","url":"https://stock-news.laohu8.com/highlight/detail?id=1165321503","media":"cnbc","summary":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.Howe","content":"<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put</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; 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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\">\nFed’s Waller says the economy is ‘ready to rip’ but policy should stay put\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 23:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1165321503","content_text":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support the central bank is providing.Waller said he also expects inflationary pressures to be temporary, though he forecasts 2021 to run at 2.5%, well above the Fed’s 2% target.Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy.\"I think the economy is ready to rip,\" Waller told CNBC'sSteve Liesmanduring a \"Squawk on the Street\" interview. \"There's still more to do on that, but I think everyone's getting a lot more comfortable with having the virus under control and we're starting to see it in the form of economic activity.\"Those comments came amid a decidedly upward move in economic data.In March alone, nonfarmpayrolls jumped by 916,000, retail sales sawa 9.8% stimulus-fueled boom, and multiple manufacturing gauges reached their highest levels in years.There are further indications that job growth continued into April, with jobless claims last week tumbling to 576,000, easily the lowest level since the early days of the pandemic.Coupled all that witha vaccination pacein excess of the 3 million a day, and it adds up to a strong outlook, Waller said.“We can get the virus pretty much under control. We get 70% of the population vaccinated, then all the fundamentals are there for good, strong growth that we left back in January, February of 2020,” he said. “We’ve still got room to catch up to where we were. We’re making up for lost ground.”‘No reason to be pulling the plug’The economy officially entered recession in February 2020, according to the National Bureau of Economic Research, which makes the official call on contractions and expansions. While the U.S. is poised for another quarter of strong growth, gross domestic product is still running a bit below where it was prior to the Covid-19 onset.That’s part of the reason Waller concurs with his fellow central bankers in seeingthe need to keep policy loose. The Fed is currently holding short-term borrowing rates near zero while it purchases at least $120 billion of bonds each month.In a major policy shift last year, the Fed pledged that it will not raise rates until it sees full and inclusive employment, and is willing to tolerate inflation a bit above the traditional 2% target until it gets there. Fed officials have expressed concern about the uneven nature of the recovery, particularly regarding those at the lower end of the income spectrum.“We’ve got to make that up first,” Waller said. “Other parts of the economy seem to have really come back. We still have relatively high unemployment rates, particularly for minorities, and so we’ve still got a long way to go. There’s no reason to be pulling the plug on our support till we’re really through this.”Waller added that he thinks inflationary pressures that have begun to show up are likely temporary, a view widely held at the Fed. The consumer price index rose 2.6% in March from a year ago.Waller said he expects the Fed’s preferred inflation gauge based on personal consumption expenditures could run around 2.5% for 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370779537,"gmtCreate":1618632262329,"gmtModify":1634291641384,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370779537","repostId":"1156411249","repostType":4,"repost":{"id":"1156411249","pubTimestamp":1618562497,"share":"https://www.laohu8.com/m/news/1156411249?lang=&edition=full","pubTime":"2021-04-16 16:41","market":"us","language":"en","title":"Einhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1156411249","media":"zerohedge","summary":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent t","content":"<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&amp;P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.</p><p>That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"</p><p>He then asks if the tide has<i><b>finally</b></i>turned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"</p><p><img src=\"https://static.tigerbbs.com/a5db342a0e7b68b8405ce6d4041b71a0\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\">Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&amp;P 500 index with half the net exposure.</p><p>Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:</p><blockquote><i>When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.</i></blockquote><p>As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protect<s>the stock market and corporate bondholders</s>the economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"</p><p>The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:</p><blockquote><i>... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know?</i> <i><b>Do price increases come with a label that says “transitory”?</b></i> <i>Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.</i></blockquote><p>It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:</p><blockquote><i>The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.</i></blockquote><p>To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"</p><p>Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in<i>15 minutes</i>), \"it remains to be seen if it will have the stomach to use them when the time comes. That<b>is a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.</b>\"</p><p>The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:</p><ul><li><b>Brighthouse Financial (BHF, +22%)</b>benefitted from rising interest rates;</li><li><b>Danimer Scientific (DNMR, +61%)</b>began its life as a public company;</li><li><b>Concentrix (CNXC, +52%)</b>benefitted from strong demand and rising estimates;</li><li><b>Resideo Technologies (REZI, +33%)</b>was helped by the strong housing market;</li><li><b>Change Healthcare (CHNG, +18%)</b>agreed to be acquired by UnitedHealthcare;</li><li><b>AerCap Holdings (AER, +29%)</b>agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; and</li><li><b>An undisclosed healthcare short (-41%)</b>fell due to reduced government reimbursement for its product.</li></ul><p><i>(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).</i></p><p>Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.</p><p>What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:</p><blockquote><i>In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go.</i> <i><b>The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed.</b></i> <i>If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share.</i> <i><b>First, it is very healthy for market participants to discuss and debate stocks.</b></i> <i>This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed,</i> <i><b>but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick.</b></i> <i>Second, it is also fine to make bad stock picks.</i> <i><b>If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work?</b></i> <i>Third,</i> <i><b>payment for order flow is just disguised commissions.</b></i> <i>We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.”</i> <i><b>If you want the broker to work for you, pay a commission.</b></i> <i>Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.</i></blockquote><p>The punchline:<i>Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:</i></p><blockquote><i>Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation.</i> <i><b>Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor.</b></i> <i>As for Mr. Musk,</i> <i><b>we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants.</b></i> <i>Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets.</i> <i><b>Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat.</b></i> <i>It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.</i></blockquote><p>Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.</p><p>First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:</p><blockquote><i>The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.</i></blockquote><p>Einhorn next highlights one of the stocks most hated by the bearish community: GSX:</p><blockquote>The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, <b>causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.</b>The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.</blockquote><p>The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:</p><blockquote><i>Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September.</i> <i><b>HWIN reached a market cap of $113 million on February 8.</b></i> <i>The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.</i></blockquote><p>We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter is<i>identical</i>to ours, when we discussed the insane stock moves that dominated much of January and February:</p><blockquote><i><b>\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"</b></i></blockquote><p>Einhorn's full letter is below:</p><p><img src=\"https://static.tigerbbs.com/519bd51d93865787f487bbfdc930c706\" tg-width=\"946\" tg-height=\"496\"><img src=\"https://static.tigerbbs.com/1691d37b71b28794a2bc900aaf5b313e\" tg-width=\"857\" tg-height=\"687\"><img src=\"https://static.tigerbbs.com/a5d1e93a00a6d64936e9c09b9b940dbf\" tg-width=\"891\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/0c11ad8e34545a98ba8ee9c4fa8a78d9\" tg-width=\"909\" tg-height=\"477\"><img src=\"https://static.tigerbbs.com/fc8253cd105c8e2727495e1d34c6769b\" tg-width=\"887\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/e120ac355802479930a1b1e84bf46e3e\" tg-width=\"901\" tg-height=\"528\"><img src=\"https://static.tigerbbs.com/28989c8e07df2deede3e092055e09e70\" tg-width=\"895\" tg-height=\"564\"><img src=\"https://static.tigerbbs.com/7d526b287d859e129d81853c0be2ace0\" tg-width=\"869\" tg-height=\"559\"><img src=\"https://static.tigerbbs.com/8599ce79c9573aed1ca3b1266bd3400a\" tg-width=\"871\" tg-height=\"534\"><img src=\"https://static.tigerbbs.com/3ae554a242066a92e4095f35260ce325\" tg-width=\"917\" tg-height=\"639\"><img src=\"https://static.tigerbbs.com/df45fd1c31a9a0b5a376ec0fe6037598\" tg-width=\"883\" tg-height=\"522\"><img src=\"https://static.tigerbbs.com/b72d0f63d22768ed27882dca1e9f6048\" tg-width=\"878\" tg-height=\"420\"><img src=\"https://static.tigerbbs.com/cf93a682ea1bc652b5107e7ecf902b84\" tg-width=\"862\" tg-height=\"456\"><img src=\"https://static.tigerbbs.com/f0326abf9ee7f93425e7d4cb20e1f375\" tg-width=\"900\" tg-height=\"657\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nEinhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 16:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156411249","content_text":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"He then asks if the tide hasfinallyturned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&P 500 index with half the net exposure.Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protectthe stock market and corporate bondholdersthe economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know? Do price increases come with a label that says “transitory”? Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in15 minutes), \"it remains to be seen if it will have the stomach to use them when the time comes. Thatis a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.\"The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:Brighthouse Financial (BHF, +22%)benefitted from rising interest rates;Danimer Scientific (DNMR, +61%)began its life as a public company;Concentrix (CNXC, +52%)benefitted from strong demand and rising estimates;Resideo Technologies (REZI, +33%)was helped by the strong housing market;Change Healthcare (CHNG, +18%)agreed to be acquired by UnitedHealthcare;AerCap Holdings (AER, +29%)agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; andAn undisclosed healthcare short (-41%)fell due to reduced government reimbursement for its product.(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go. The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed. If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share. First, it is very healthy for market participants to discuss and debate stocks. This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed, but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick. Second, it is also fine to make bad stock picks. If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work? Third, payment for order flow is just disguised commissions. We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.” If you want the broker to work for you, pay a commission. Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.The punchline:Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation. Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor. As for Mr. Musk, we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants. Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets. Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat. It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.Einhorn next highlights one of the stocks most hated by the bearish community: GSX:The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September. HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter isidenticalto ours, when we discussed the insane stock moves that dominated much of January and February:\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"Einhorn's full letter is below:","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370770455,"gmtCreate":1618632202377,"gmtModify":1634291641974,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Wow... It's worth so much","listText":"Wow... It's worth so much","text":"Wow... It's worth so much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370770455","repostId":"1113132904","repostType":2,"repost":{"id":"1113132904","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":1618557385,"share":"https://www.laohu8.com/m/news/1113132904?lang=&edition=full","pubTime":"2021-04-16 15:16","market":"sg","language":"en","title":"Grab considering secondary Singapore listing after U.S. SPAC merger - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1113132904","media":"Reuters","summary":"Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing i","content":"<p>Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.</p><p>Listing on Singapore Exchange&nbsp;would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.</p><p>Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.</p><p>The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.</p><p>Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.</p><p>It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.</p><p>The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.</p><p>Grab and SGX declined to comment on the listing plans.</p><p>One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.</p><p>SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.</p><p>The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.</p><p>SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.</p><p>Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd&nbsp;and Hong Kong conglomerate Jardine Matheson Holdings.</p><p>Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.</p><p>For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.</p><p>($1 = 1.3351 Singapore dollars)</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>Grab considering secondary Singapore listing after U.S. SPAC merger - sources</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\">\nGrab considering secondary Singapore listing after U.S. SPAC merger - sources\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\">2021-04-16 15:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.</p><p>Listing on Singapore Exchange&nbsp;would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.</p><p>Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.</p><p>The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.</p><p>Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.</p><p>It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.</p><p>The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.</p><p>Grab and SGX declined to comment on the listing plans.</p><p>One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.</p><p>SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.</p><p>The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.</p><p>SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.</p><p>Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd&nbsp;and Hong Kong conglomerate Jardine Matheson Holdings.</p><p>Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.</p><p>For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.</p><p>($1 = 1.3351 Singapore dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","SFTBY":"软银集团","UBER":"优步","BLK":"贝莱德","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113132904","content_text":"Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.Grab and SGX declined to comment on the listing plans.One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd and Hong Kong conglomerate Jardine Matheson Holdings.Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.($1 = 1.3351 Singapore dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370770268,"gmtCreate":1618632175754,"gmtModify":1634291642197,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Great to iron things out","listText":"Great to iron things out","text":"Great to iron things out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370770268","repostId":"2127583465","repostType":2,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344951055,"gmtCreate":1618369799077,"gmtModify":1634293416269,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Coinnnnnnssssss","listText":"Coinnnnnnssssss","text":"Coinnnnnnssssss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344951055","repostId":"344918061","repostType":1,"repost":{"id":344918061,"gmtCreate":1618366330753,"gmtModify":1618390657676,"author":{"id":"3518486575024373","authorId":"3518486575024373","name":"量说交易心法","avatar":"https://static.tigerbbs.com/01eb9766725db457cfd85b4a5c1cc219","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3518486575024373","idStr":"3518486575024373"},"themes":[],"title":"比特币不是决定Coinbase价值的唯一和最终因素","htmlText":"如果认为比特币涨得越厉害，Coinbase就也能涨得越高，我认为这种观点是不够全面的。<a target=\"_blank\" href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Coinbase是一家为加密货币使用者和投资者提供交易服务的金融技术公司，而不是一家生产比特币的公司。因此我认为最终能决定Coinbase价值的，应该是人们对于加密货币的认可度和使用频率。不可否认，从短期来看，比特币或其他种类的加密货币确实能对Coinbase形成较大影响；但从长远来看，如果一家公司因为比特币终有一天涨到头了而不再具备投资价值，那么投资这样的公司的风险是非常高的。比特币诞生这么多年了，而且尽管已经涨到6万美元的水平，但现在依然有不少人认为这种东西就是骗人割韭菜的。我敢说，就算现在黄金的价格跌到200元RMB/克，比特币涨到7万美元，也会有不少人认为黄金比比特币更具有投资价值。比特币是无**资本主义的产物，它因此而一直都不被大多数国家和地区认为是合法的。不过我个人觉得，相对于美国这类老牌的资本主义国家，那些经济落后和战乱的国家地区的人或许会更喜欢比特币。这看法固然没有实际依据，我只是从逻辑上来思考：一个国家地区的政权越不稳定，那么这个地方的法定货币就越有可能比纸巾还不值钱。比特币能够在2020年开启一段大牛市，其中一个重要原因就是全球新冠疫情导致不少经济发展落后的国家地区的政权更不稳定，也导致了全球各地民粹主义的兴起，人们似乎变得越来越喜欢无**主义性质的东西。今年年初<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$游戏驿站(GME)$</a>&nbsp;的散户大战华尔街事件也具有非常浓厚的民粹主义味道，美国中下阶层对上级阶层的怒火从街头燃烧","listText":"如果认为比特币涨得越厉害，Coinbase就也能涨得越高，我认为这种观点是不够全面的。<a target=\"_blank\" href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>&nbsp;Coinbase是一家为加密货币使用者和投资者提供交易服务的金融技术公司，而不是一家生产比特币的公司。因此我认为最终能决定Coinbase价值的，应该是人们对于加密货币的认可度和使用频率。不可否认，从短期来看，比特币或其他种类的加密货币确实能对Coinbase形成较大影响；但从长远来看，如果一家公司因为比特币终有一天涨到头了而不再具备投资价值，那么投资这样的公司的风险是非常高的。比特币诞生这么多年了，而且尽管已经涨到6万美元的水平，但现在依然有不少人认为这种东西就是骗人割韭菜的。我敢说，就算现在黄金的价格跌到200元RMB/克，比特币涨到7万美元，也会有不少人认为黄金比比特币更具有投资价值。比特币是无**资本主义的产物，它因此而一直都不被大多数国家和地区认为是合法的。不过我个人觉得，相对于美国这类老牌的资本主义国家，那些经济落后和战乱的国家地区的人或许会更喜欢比特币。这看法固然没有实际依据，我只是从逻辑上来思考：一个国家地区的政权越不稳定，那么这个地方的法定货币就越有可能比纸巾还不值钱。比特币能够在2020年开启一段大牛市，其中一个重要原因就是全球新冠疫情导致不少经济发展落后的国家地区的政权更不稳定，也导致了全球各地民粹主义的兴起，人们似乎变得越来越喜欢无**主义性质的东西。今年年初<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$游戏驿站(GME)$</a>&nbsp;的散户大战华尔街事件也具有非常浓厚的民粹主义味道，美国中下阶层对上级阶层的怒火从街头燃烧","text":"如果认为比特币涨得越厉害，Coinbase就也能涨得越高，我认为这种观点是不够全面的。$Coinbase Global, Inc.(COIN)$ Coinbase是一家为加密货币使用者和投资者提供交易服务的金融技术公司，而不是一家生产比特币的公司。因此我认为最终能决定Coinbase价值的，应该是人们对于加密货币的认可度和使用频率。不可否认，从短期来看，比特币或其他种类的加密货币确实能对Coinbase形成较大影响；但从长远来看，如果一家公司因为比特币终有一天涨到头了而不再具备投资价值，那么投资这样的公司的风险是非常高的。比特币诞生这么多年了，而且尽管已经涨到6万美元的水平，但现在依然有不少人认为这种东西就是骗人割韭菜的。我敢说，就算现在黄金的价格跌到200元RMB/克，比特币涨到7万美元，也会有不少人认为黄金比比特币更具有投资价值。比特币是无**资本主义的产物，它因此而一直都不被大多数国家和地区认为是合法的。不过我个人觉得，相对于美国这类老牌的资本主义国家，那些经济落后和战乱的国家地区的人或许会更喜欢比特币。这看法固然没有实际依据，我只是从逻辑上来思考：一个国家地区的政权越不稳定，那么这个地方的法定货币就越有可能比纸巾还不值钱。比特币能够在2020年开启一段大牛市，其中一个重要原因就是全球新冠疫情导致不少经济发展落后的国家地区的政权更不稳定，也导致了全球各地民粹主义的兴起，人们似乎变得越来越喜欢无**主义性质的东西。今年年初$游戏驿站(GME)$ 的散户大战华尔街事件也具有非常浓厚的民粹主义味道，美国中下阶层对上级阶层的怒火从街头燃烧","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344918061","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342176919,"gmtCreate":1618193808531,"gmtModify":1634294505060,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Datas","listText":"Datas","text":"Datas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342176919","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","pubTimestamp":1618184239,"share":"https://www.laohu8.com/m/news/1137529737?lang=&edition=full","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><b>Monday 4/12</b></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><b>Tuesday 4/13</b></p><p>Fastenal reports quarterly results.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><b>Wednesday 4/14</b></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p>First Republic Bankreleases earnings.</p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><b>Thursday 4/15</b></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><b>Friday 4/16</b></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</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>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">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","COIN":"Coinbase Global, Inc.","NVDA":"英伟达",".SPX":"S&P 500 Index","GS":"高盛","WFC":"富国银行","MS":"摩根士丹利","JPM":"摩根大通",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342178747,"gmtCreate":1618193785889,"gmtModify":1634294505180,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342178747","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","pubTimestamp":1618184239,"share":"https://www.laohu8.com/m/news/1137529737?lang=&edition=full","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><b>Monday 4/12</b></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><b>Tuesday 4/13</b></p><p>Fastenal reports quarterly results.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><b>Wednesday 4/14</b></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p>First Republic Bankreleases earnings.</p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><b>Thursday 4/15</b></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><b>Friday 4/16</b></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</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>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">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","COIN":"Coinbase Global, Inc.","NVDA":"英伟达",".SPX":"S&P 500 Index","GS":"高盛","WFC":"富国银行","MS":"摩根士丹利","JPM":"摩根大通",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346702396,"gmtCreate":1618109007315,"gmtModify":1634294871485,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577490358002933","idStr":"3577490358002933"},"themes":[],"htmlText":"Looks like a small change","listText":"Looks like a small change","text":"Looks like a small change","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346702396","repostId":"2126037533","repostType":2,"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":375813687,"gmtCreate":1619321981049,"gmtModify":1634274245970,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"When the dust settles?&nbsp;","listText":"When the dust settles?&nbsp;","text":"When the dust settles?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/375813687","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370779741,"gmtCreate":1618632289783,"gmtModify":1634291641139,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"True true true","listText":"True true true","text":"True true true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370779741","repostId":"1165321503","repostType":4,"repost":{"id":"1165321503","pubTimestamp":1618588143,"share":"https://www.laohu8.com/m/news/1165321503?lang=&edition=full","pubTime":"2021-04-16 23:49","market":"us","language":"en","title":"Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put","url":"https://stock-news.laohu8.com/highlight/detail?id=1165321503","media":"cnbc","summary":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.Howe","content":"<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put</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\">\nFed’s Waller says the economy is ‘ready to rip’ but policy should stay put\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 23:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1165321503","content_text":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support the central bank is providing.Waller said he also expects inflationary pressures to be temporary, though he forecasts 2021 to run at 2.5%, well above the Fed’s 2% target.Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy.\"I think the economy is ready to rip,\" Waller told CNBC'sSteve Liesmanduring a \"Squawk on the Street\" interview. \"There's still more to do on that, but I think everyone's getting a lot more comfortable with having the virus under control and we're starting to see it in the form of economic activity.\"Those comments came amid a decidedly upward move in economic data.In March alone, nonfarmpayrolls jumped by 916,000, retail sales sawa 9.8% stimulus-fueled boom, and multiple manufacturing gauges reached their highest levels in years.There are further indications that job growth continued into April, with jobless claims last week tumbling to 576,000, easily the lowest level since the early days of the pandemic.Coupled all that witha vaccination pacein excess of the 3 million a day, and it adds up to a strong outlook, Waller said.“We can get the virus pretty much under control. We get 70% of the population vaccinated, then all the fundamentals are there for good, strong growth that we left back in January, February of 2020,” he said. “We’ve still got room to catch up to where we were. We’re making up for lost ground.”‘No reason to be pulling the plug’The economy officially entered recession in February 2020, according to the National Bureau of Economic Research, which makes the official call on contractions and expansions. While the U.S. is poised for another quarter of strong growth, gross domestic product is still running a bit below where it was prior to the Covid-19 onset.That’s part of the reason Waller concurs with his fellow central bankers in seeingthe need to keep policy loose. The Fed is currently holding short-term borrowing rates near zero while it purchases at least $120 billion of bonds each month.In a major policy shift last year, the Fed pledged that it will not raise rates until it sees full and inclusive employment, and is willing to tolerate inflation a bit above the traditional 2% target until it gets there. Fed officials have expressed concern about the uneven nature of the recovery, particularly regarding those at the lower end of the income spectrum.“We’ve got to make that up first,” Waller said. “Other parts of the economy seem to have really come back. We still have relatively high unemployment rates, particularly for minorities, and so we’ve still got a long way to go. There’s no reason to be pulling the plug on our support till we’re really through this.”Waller added that he thinks inflationary pressures that have begun to show up are likely temporary, a view widely held at the Fed. The consumer price index rose 2.6% in March from a year ago.Waller said he expects the Fed’s preferred inflation gauge based on personal consumption expenditures could run around 2.5% for 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358794993,"gmtCreate":1616728344412,"gmtModify":1634524326008,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>&nbsp;ali alibaba, alibaba 是个快乐的青年","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>&nbsp;ali alibaba, alibaba 是个快乐的青年","text":"$Alibaba(09988)$ ali alibaba, alibaba 是个快乐的青年","images":[{"img":"https://static.tigerbbs.com/2eacdff1f040c89014df04067b6c2de1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358794993","isVote":1,"tweetType":1,"viewCount":788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":359290558,"gmtCreate":1616401071674,"gmtModify":1634526048028,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Taking a step back?&nbsp;","listText":"Taking a step back?&nbsp;","text":"Taking a step back?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359290558","repostId":"2121121586","repostType":4,"repost":{"id":"2121121586","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":1616400714,"share":"https://www.laohu8.com/m/news/2121121586?lang=&edition=full","pubTime":"2021-03-22 16:11","market":"us","language":"en","title":"Google payments chief quits after 15 years at company","url":"https://stock-news.laohu8.com/highlight/detail?id=2121121586","media":"Reuters","summary":"March 22 (Reuters) - Senior Google executive Caesar Sengupta, head of the tech giant’s payment initi","content":"<p>March 22 (Reuters) - Senior Google executive Caesar Sengupta, head of the tech giant’s payment initiatives, said on Monday he was leaving the company next month, after 15 years.</p>\n<p>“I remain very positive about Google’s future but it’s time for me to see if I can ride without training wheels,” Sengupta, vice president and general manager of payments and the ‘Next Billion Users’ initiative, said in a LinkedIn post.</p>\n<p>He was also one of the key people behind the launch and success of Google Pay in India and helped the payment app’s relaunch in the U.S. and Singapore. The payment facility is now used by over 150 million users in 30 countries.</p>\n<p>“My last day at Google will be April 30th. I haven’t decided what I will start next,” said Sengupta, who is based in Singapore.</p>\n<p>“...Through his time at Google, Caesar has played a key role in starting, building and leading initiatives such as ChromeOS, Next Billion Users and Google Pay. We are excited to see what he builds next and wish him the best in his new journey,” a Google Spokesperson said in an emailed statement.</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>Google payments chief quits after 15 years at company</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\">\nGoogle payments chief quits after 15 years at company\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\">2021-03-22 16:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 22 (Reuters) - Senior Google executive Caesar Sengupta, head of the tech giant’s payment initiatives, said on Monday he was leaving the company next month, after 15 years.</p>\n<p>“I remain very positive about Google’s future but it’s time for me to see if I can ride without training wheels,” Sengupta, vice president and general manager of payments and the ‘Next Billion Users’ initiative, said in a LinkedIn post.</p>\n<p>He was also one of the key people behind the launch and success of Google Pay in India and helped the payment app’s relaunch in the U.S. and Singapore. The payment facility is now used by over 150 million users in 30 countries.</p>\n<p>“My last day at Google will be April 30th. I haven’t decided what I will start next,” said Sengupta, who is based in Singapore.</p>\n<p>“...Through his time at Google, Caesar has played a key role in starting, building and leading initiatives such as ChromeOS, Next Billion Users and Google Pay. We are excited to see what he builds next and wish him the best in his new journey,” a Google Spokesperson said in an emailed statement.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121121586","content_text":"March 22 (Reuters) - Senior Google executive Caesar Sengupta, head of the tech giant’s payment initiatives, said on Monday he was leaving the company next month, after 15 years.\n“I remain very positive about Google’s future but it’s time for me to see if I can ride without training wheels,” Sengupta, vice president and general manager of payments and the ‘Next Billion Users’ initiative, said in a LinkedIn post.\nHe was also one of the key people behind the launch and success of Google Pay in India and helped the payment app’s relaunch in the U.S. and Singapore. The payment facility is now used by over 150 million users in 30 countries.\n“My last day at Google will be April 30th. I haven’t decided what I will start next,” said Sengupta, who is based in Singapore.\n“...Through his time at Google, Caesar has played a key role in starting, building and leading initiatives such as ChromeOS, Next Billion Users and Google Pay. We are excited to see what he builds next and wish him the best in his new journey,” a Google Spokesperson said in an emailed statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340391584,"gmtCreate":1617336667748,"gmtModify":1634521342536,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"LI AUTO vs NIO vs Xpeng.... Who will prevail","listText":"LI AUTO vs NIO vs Xpeng.... Who will prevail","text":"LI AUTO vs NIO vs Xpeng.... Who will prevail","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340391584","repostId":"1168930514","repostType":4,"repost":{"id":"1168930514","pubTimestamp":1617332876,"share":"https://www.laohu8.com/m/news/1168930514?lang=&edition=full","pubTime":"2021-04-02 11:07","market":"us","language":"en","title":"Li Auto Inc. March 2021 Delivery Update","url":"https://stock-news.laohu8.com/highlight/detail?id=1168930514","media":"globenewswire","summary":"BEIJING, China, April 02, 2021  -- Li Auto Inc.  , an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to rob","content":"<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.</p><p>As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.</p><p><b>About Li Auto Inc.</b></p><p>Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.</p><p>For more information, please visit:<i>http://ir.lixiang.com</i>.</p>","source":"lsy1573717531661","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>Li Auto Inc. March 2021 Delivery Update</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\">\nLi Auto Inc. March 2021 Delivery Update\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html><strong>globenewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered...</p>\n\n<a href=\"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"source_url":"http://www.globenewswire.com/news-release/2021/04/02/2203765/0/en/Li-Auto-Inc-March-2021-Delivery-Update.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168930514","content_text":"BEIJING, China, April 02, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 4,900 Li ONEs in March 2021, representing a 238.6 % year-over-year increase. This brought deliveries for the first quarter of 2021 to 12,579, up 334.4 % year over year.As of March 31, 2021, the Company had 65 retail stores covering 49 cities, and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities. In response to robust demand for Li ONEs and in anticipation of new model launches in 2022 and beyond, Li Auto plans to further bolster its direct sales and servicing network.About Li Auto Inc.Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and cutting-edge smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.For more information, please visit:http://ir.lixiang.com.","news_type":1},"isVote":1,"tweetType":1,"viewCount":12,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372433000,"gmtCreate":1619232069800,"gmtModify":1634287572919,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Go boy","listText":"Go boy","text":"Go boy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/372433000","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372497415,"gmtCreate":1619231929237,"gmtModify":1631883991953,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"One after another","listText":"One after another","text":"One after another","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372497415","repostId":"1170805005","repostType":2,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370779537,"gmtCreate":1618632262329,"gmtModify":1634291641384,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370779537","repostId":"1156411249","repostType":4,"repost":{"id":"1156411249","pubTimestamp":1618562497,"share":"https://www.laohu8.com/m/news/1156411249?lang=&edition=full","pubTime":"2021-04-16 16:41","market":"us","language":"en","title":"Einhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1156411249","media":"zerohedge","summary":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent t","content":"<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&amp;P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.</p><p>That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"</p><p>He then asks if the tide has<i><b>finally</b></i>turned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"</p><p><img src=\"https://static.tigerbbs.com/a5db342a0e7b68b8405ce6d4041b71a0\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\">Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&amp;P 500 index with half the net exposure.</p><p>Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:</p><blockquote><i>When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.</i></blockquote><p>As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protect<s>the stock market and corporate bondholders</s>the economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"</p><p>The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:</p><blockquote><i>... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know?</i> <i><b>Do price increases come with a label that says “transitory”?</b></i> <i>Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.</i></blockquote><p>It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:</p><blockquote><i>The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.</i></blockquote><p>To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"</p><p>Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in<i>15 minutes</i>), \"it remains to be seen if it will have the stomach to use them when the time comes. That<b>is a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.</b>\"</p><p>The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:</p><ul><li><b>Brighthouse Financial (BHF, +22%)</b>benefitted from rising interest rates;</li><li><b>Danimer Scientific (DNMR, +61%)</b>began its life as a public company;</li><li><b>Concentrix (CNXC, +52%)</b>benefitted from strong demand and rising estimates;</li><li><b>Resideo Technologies (REZI, +33%)</b>was helped by the strong housing market;</li><li><b>Change Healthcare (CHNG, +18%)</b>agreed to be acquired by UnitedHealthcare;</li><li><b>AerCap Holdings (AER, +29%)</b>agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; and</li><li><b>An undisclosed healthcare short (-41%)</b>fell due to reduced government reimbursement for its product.</li></ul><p><i>(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).</i></p><p>Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.</p><p>What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:</p><blockquote><i>In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go.</i> <i><b>The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed.</b></i> <i>If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share.</i> <i><b>First, it is very healthy for market participants to discuss and debate stocks.</b></i> <i>This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed,</i> <i><b>but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick.</b></i> <i>Second, it is also fine to make bad stock picks.</i> <i><b>If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work?</b></i> <i>Third,</i> <i><b>payment for order flow is just disguised commissions.</b></i> <i>We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.”</i> <i><b>If you want the broker to work for you, pay a commission.</b></i> <i>Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.</i></blockquote><p>The punchline:<i>Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:</i></p><blockquote><i>Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation.</i> <i><b>Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor.</b></i> <i>As for Mr. Musk,</i> <i><b>we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants.</b></i> <i>Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets.</i> <i><b>Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat.</b></i> <i>It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.</i></blockquote><p>Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.</p><p>First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:</p><blockquote><i>The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.</i></blockquote><p>Einhorn next highlights one of the stocks most hated by the bearish community: GSX:</p><blockquote>The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, <b>causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.</b>The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.</blockquote><p>The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:</p><blockquote><i>Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September.</i> <i><b>HWIN reached a market cap of $113 million on February 8.</b></i> <i>The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.</i></blockquote><p>We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter is<i>identical</i>to ours, when we discussed the insane stock moves that dominated much of January and February:</p><blockquote><i><b>\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"</b></i></blockquote><p>Einhorn's full letter is below:</p><p><img src=\"https://static.tigerbbs.com/519bd51d93865787f487bbfdc930c706\" tg-width=\"946\" tg-height=\"496\"><img src=\"https://static.tigerbbs.com/1691d37b71b28794a2bc900aaf5b313e\" tg-width=\"857\" tg-height=\"687\"><img src=\"https://static.tigerbbs.com/a5d1e93a00a6d64936e9c09b9b940dbf\" tg-width=\"891\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/0c11ad8e34545a98ba8ee9c4fa8a78d9\" tg-width=\"909\" tg-height=\"477\"><img src=\"https://static.tigerbbs.com/fc8253cd105c8e2727495e1d34c6769b\" tg-width=\"887\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/e120ac355802479930a1b1e84bf46e3e\" tg-width=\"901\" tg-height=\"528\"><img src=\"https://static.tigerbbs.com/28989c8e07df2deede3e092055e09e70\" tg-width=\"895\" tg-height=\"564\"><img src=\"https://static.tigerbbs.com/7d526b287d859e129d81853c0be2ace0\" tg-width=\"869\" tg-height=\"559\"><img src=\"https://static.tigerbbs.com/8599ce79c9573aed1ca3b1266bd3400a\" tg-width=\"871\" tg-height=\"534\"><img src=\"https://static.tigerbbs.com/3ae554a242066a92e4095f35260ce325\" tg-width=\"917\" tg-height=\"639\"><img src=\"https://static.tigerbbs.com/df45fd1c31a9a0b5a376ec0fe6037598\" tg-width=\"883\" tg-height=\"522\"><img src=\"https://static.tigerbbs.com/b72d0f63d22768ed27882dca1e9f6048\" tg-width=\"878\" tg-height=\"420\"><img src=\"https://static.tigerbbs.com/cf93a682ea1bc652b5107e7ecf902b84\" tg-width=\"862\" tg-height=\"456\"><img src=\"https://static.tigerbbs.com/f0326abf9ee7f93425e7d4cb20e1f375\" tg-width=\"900\" tg-height=\"657\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nEinhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 16:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156411249","content_text":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"He then asks if the tide hasfinallyturned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&P 500 index with half the net exposure.Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protectthe stock market and corporate bondholdersthe economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know? Do price increases come with a label that says “transitory”? Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in15 minutes), \"it remains to be seen if it will have the stomach to use them when the time comes. Thatis a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.\"The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:Brighthouse Financial (BHF, +22%)benefitted from rising interest rates;Danimer Scientific (DNMR, +61%)began its life as a public company;Concentrix (CNXC, +52%)benefitted from strong demand and rising estimates;Resideo Technologies (REZI, +33%)was helped by the strong housing market;Change Healthcare (CHNG, +18%)agreed to be acquired by UnitedHealthcare;AerCap Holdings (AER, +29%)agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; andAn undisclosed healthcare short (-41%)fell due to reduced government reimbursement for its product.(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go. The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed. If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share. First, it is very healthy for market participants to discuss and debate stocks. This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed, but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick. Second, it is also fine to make bad stock picks. If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work? Third, payment for order flow is just disguised commissions. We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.” If you want the broker to work for you, pay a commission. Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.The punchline:Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation. Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor. As for Mr. Musk, we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants. Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets. Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat. It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.Einhorn next highlights one of the stocks most hated by the bearish community: GSX:The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September. HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter isidenticalto ours, when we discussed the insane stock moves that dominated much of January and February:\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"Einhorn's full letter is below:","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370770455,"gmtCreate":1618632202377,"gmtModify":1634291641974,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Wow... It's worth so much","listText":"Wow... It's worth so much","text":"Wow... It's worth so much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370770455","repostId":"1113132904","repostType":2,"repost":{"id":"1113132904","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":1618557385,"share":"https://www.laohu8.com/m/news/1113132904?lang=&edition=full","pubTime":"2021-04-16 15:16","market":"sg","language":"en","title":"Grab considering secondary Singapore listing after U.S. SPAC merger - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1113132904","media":"Reuters","summary":"Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing i","content":"<p>Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.</p><p>Listing on Singapore Exchange&nbsp;would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.</p><p>Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.</p><p>The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.</p><p>Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.</p><p>It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.</p><p>The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.</p><p>Grab and SGX declined to comment on the listing plans.</p><p>One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.</p><p>SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.</p><p>The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.</p><p>SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.</p><p>Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd&nbsp;and Hong Kong conglomerate Jardine Matheson Holdings.</p><p>Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.</p><p>For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.</p><p>($1 = 1.3351 Singapore dollars)</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>Grab considering secondary Singapore listing after U.S. SPAC merger - sources</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\">\nGrab considering secondary Singapore listing after U.S. SPAC merger - sources\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\">2021-04-16 15:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.</p><p>Listing on Singapore Exchange&nbsp;would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.</p><p>Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.</p><p>The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.</p><p>Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.</p><p>It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.</p><p>The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.</p><p>Grab and SGX declined to comment on the listing plans.</p><p>One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.</p><p>SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.</p><p>The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.</p><p>SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.</p><p>Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd&nbsp;and Hong Kong conglomerate Jardine Matheson Holdings.</p><p>Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.</p><p>For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.</p><p>($1 = 1.3351 Singapore dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","SFTBY":"软银集团","UBER":"优步","BLK":"贝莱德","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113132904","content_text":"Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.The potential Singapore listing plans come after Grab this week agreed a $40 billion merger with Altimeter Growth Corp., a special purpose acquisition company (SPAC), making this the world's biggest SPAC deal.Grab, which began as a ride-hailing business in 2012, now operates in eight countries and more than 400 cities and has expanded into food and grocery deliveries, as well as digital payments. Last year, it won a digital banking licence in Singapore.It wasn't clear how much Grab might aim to raise in any secondary listing, with financial terms and timetable still in the early stages of consideration, the sources said.The company with the top valuation on the Singapore bourse is bank DBS Group Ltd(DBSM.SI), currently worth about S$74 billion ($55.4 billion) by capitalisation.Grab and SGX declined to comment on the listing plans.One of the sources said that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.SGX has mainly only seen large IPOs from real estate investment trusts. Hindered by a small base of retail investors in the city-state, it has struggled with low liquidity and valuations, forcing a spate of delistings and also discouraging big-ticket listings from regional high-growth companies.The Hong Kong bourse, however, has benefited from diplomatic and political tensions between the United States and China that have led many Chinese firms to seek secondary listings in Hong Kong. Global fund managers have also been swapping China holdings from Wall Street to Hong Kong.SGX has taken many steps to try to bulk up its stock market in recent years, and under Chief Executive Loh Boon Chye, who was appointed six years ago, it has acquired firms to transform itself into a multi-asset exchange.Currently, there are 28 companies with a secondary listing on SGX, including Malaysia's IHH Healthcare Bhd(IHHH.KL)and Top Glove Corp Bhd and Hong Kong conglomerate Jardine Matheson Holdings.Last year, AMTD International became the first NYSE-listed firm to list on SGX. It also became the first to take advantage of a dual-class share structure in Singapore.For Grab, as part of the SPAC merger, it's raising $4 billion from global investors including BlackRock, Temasek Holdings, Fidelity International, Malaysia's Permodalan Nasional Bhd and some of Indonesia's richest family groups.($1 = 1.3351 Singapore dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359666982,"gmtCreate":1616393982446,"gmtModify":1634526075189,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Chiong chiong chiong","listText":"Chiong chiong chiong","text":"Chiong chiong chiong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359666982","repostId":"2121712557","repostType":4,"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359668965,"gmtCreate":1616393833957,"gmtModify":1634526076014,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Tourism. Pls come back","listText":"Tourism. Pls come back","text":"Tourism. Pls come back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359668965","repostId":"2121125260","repostType":4,"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107453475,"gmtCreate":1620531673897,"gmtModify":1634198203720,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Pinduoduo pinduoduo woo woo","listText":"Pinduoduo pinduoduo woo woo","text":"Pinduoduo pinduoduo woo woo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107453475","repostId":"2133500411","repostType":2,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107204651,"gmtCreate":1620491793073,"gmtModify":1634198426486,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107204651","repostId":"1186544816","repostType":2,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371013256,"gmtCreate":1618891478375,"gmtModify":1634290097552,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Not again","listText":"Not again","text":"Not again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371013256","repostId":"2128959388","repostType":2,"repost":{"id":"2128959388","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":1618836916,"share":"https://www.laohu8.com/m/news/2128959388?lang=&edition=full","pubTime":"2021-04-19 20:55","market":"sh","language":"en","title":"China's market regulator investigates Alibaba joint venture","url":"https://stock-news.laohu8.com/highlight/detail?id=2128959388","media":"Reuters","summary":"BEIJING, April 19 (Reuters) - China’s market regulator is investigating a joint venture between e-co","content":"<p>BEIJING, April 19 (Reuters) - China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group&nbsp;and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.</p><p>Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.</p><p>Alibaba declined to comment.</p><p>The investigation follows the record&nbsp;$2.75 billion antitrust fineimposed on Alibaba earlier this month.</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>China's market regulator investigates Alibaba joint venture</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\">\nChina's market regulator investigates Alibaba joint venture\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\">2021-04-19 20:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, April 19 (Reuters) - China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group&nbsp;and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.</p><p>Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.</p><p>Alibaba declined to comment.</p><p>The investigation follows the record&nbsp;$2.75 billion antitrust fineimposed on Alibaba earlier this month.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600058":"五矿发展","BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128959388","content_text":"BEIJING, April 19 (Reuters) - China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.Alibaba declined to comment.The investigation follows the record $2.75 billion antitrust fineimposed on Alibaba earlier this month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370770268,"gmtCreate":1618632175754,"gmtModify":1634291642197,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Great to iron things out","listText":"Great to iron things out","text":"Great to iron things out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370770268","repostId":"2127583465","repostType":2,"repost":{"id":"2127583465","pubTimestamp":1618566649,"share":"https://www.laohu8.com/m/news/2127583465?lang=&edition=full","pubTime":"2021-04-16 17:50","market":"us","language":"en","title":"After Alibaba’s Record Penalty Regulatory Doubts Haunt China’s Media Tech Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2127583465","media":"Variety","summary":"News over the weekend of a record breaking $2.8 billion fine for Chinese tech giant Alibaba produced","content":"<html><body><img height=\"420\" src=\"https://s.yimg.com/uu/api/res/1.2/dqje5sw15tSdYBHJG5xvDA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/variety_finance_606/931d7af1b200f78083b559ef2aa3ba27\" title=\"Alibaba-AP21100337076793-AP-cr-res\" width=\"630\"/>\n<p>News over the weekend of a record breaking $2.8 billion fine for Chinese tech giant Alibaba produced a huge relief rally. The company’s value surged by more than $30 billion in Monday stock trading.</p>\n<p>But continuing share market volatility suggests that there is ongoing worry about further regulation and the path forward for China’s media and tech giants.</p>\n<p>Hong Kong’s tech share index, which includes the principal stock listing of China’s largest company Tencent, and now also includes the secondary equity listings of Alibaba, Baidu and Bilibili, is deep in bear market territory. Closing at 8,232 on Friday, the tech index is 1% lower on the week, 3% lower for the year to date, and fully 25% down compared with its peak on Feb. 17, 2021.</p>\n<p>Chinese competition regulators put the tech sector on notice in the last quarter of 2020 and announced their formal anti-trust probe of Alibaba on Christmas Eve. That the result of the investigation could be delivered so quickly and the scale of the fine, which was only 4% of revenue rather than the maximum 10%, were reasons for Alibaba shares’ brief rebound.</p>\n<p>“To regulate is to ensure better development, and the act of tugging at the sleeve is also an act of love,” said the People’s Daily, the mainland government’s most important media mouthpiece. The government wants “healthy and continuous development of the country’s internet industry” and the fine did not deny the “important role of internet platforms in economic and social development,” the paper said.</p>\n<p>Alibaba said that it accepted its punishment and knew of no other government actions against it. That was another cause for relief. There has been speculation in recent months that Alibaba might be forced to break up or dispose of its huge media and entertainment holdings.</p>\n<p>“Despite the record fine amount, we think this should lift a major overhang on BABA and shift the market’s focus back to fundamentals,” investment bank <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> said in a research note published on Sunday.</p>\n<p>But the relief proved short-lived.</p>\n<p>There is no guarantee that Alibaba’s attempts at compliance over a three-year probation period will necessarily be acceptable to the regulators.</p>\n<p>And, underlining the notion that the whole tech industry remains in the government crosshairs, it soon emerged that the bosses of 34 Chinese tech firms had been summoned for a quiet dressing down. They were told to heed Alibaba’s punishment as a warning to them all.</p>\n<p>Those in attendance are reported to have included reps from Baidu, Sina Weibo, iQIYI, Bytedance (the unlisted owner of Douyin and TikTok), Bilibili, Kuaishou, and Suning, the electronics retailer that owns streaming service PPTV.</p>\n<p>Throughout the recent financial earnings reporting season, the issue of regulation cast a shadow over the sector. Despite China’s V-shaped economic recovery, and strong results from digital sector leaders, caution seemed to be as prevalent as references to COVID-19.</p>\n<p>Tencent, which many industry watchers regarded as the next most vulnerable to government action, played down record profits. It even described working with regulators as the “strategic focus” of its fintech business. Tencent founder Pony Ma confirmed that he had been visited the State Administration of Market Regulation for a chat.</p>\n<p>The government has most notably acted on monopoly practices such as demanding exclusivity from merchants.</p>\n<p>It has also punished firms for not clearing mergers and acquisitions activity with regulators before deals are completed (12 were fined in March), suggesting that the government expects to micromanage private sector entrepreneurialism, and that it may reserve some activities for state-owned enterprises.</p>\n<p>The anti-monopoly moves curb some of the “network effect” benefits that companies derive from achieving huge scale and being able to share client data across a wide range of group businesses. The clearest example of enforced fragmentation was the mandatary restructuring of Alibaba’s financial arm Ant Group.</p>\n<p>In October, Ant’s blockbuster IPO was halted dead in its tracks. This month, Ant was busted down to being an unsexy holding company. Its valuation may have halved.</p>\n<p>China’s new Personal Information Protection Law (PIPL) has some similarities to the General Data Protection Regulation system approved by the European Union in 2018: such as requiring companies to obtain user consent for data gathering and the user’s right to review such information. But, in reinforcing rules about transferring data outside China, it adds another dimension to Chinese state-control and bolsters regulation as a form of international competition. (The U.S. does not yet have a general data protection law like the E.U. or China.)</p>\n<p>Beyond corporate M&amp;A and data privacy, there are other areas that may come under the Chinese regulator’s gaze. There have been warning signals on live-streaming, news-gathering, online advertising, IP, gaming, and money-laundering. And, as has been shown with the Fan Bingbing incident of the past and Jack Ma and Alibaba’s recent travails, cutting celebrities down to size is standard issue Communist Party policy.</p>\n<p>Even a well-respected and established giant like Baidu can look terribly fragile when it is required to spell out in black and white the risks that surround it. Its global offering document, published in March for its secondary share listing in Hong Kong, contains 72 pages of risk warnings and makes for daunting reading. In listed concerns including: “changes in U.S. and international trade policies, particularly with regard to China”; “uncertain” (Chinese) interpretation of its corporate structure; “complex and evolving</p>\n<p>Chinese and international laws and regulations regarding privacy and data protection”; and “changing laws and regulations regarding regulatory matters, corporate governance and public disclosures.”<br/> “China’s economy differs from the economies of most developed countries in many respects, including the extent of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources,” it summarized.</p>\n<p>As the next earnings season cranks up, further corporate commentary on regulatory matters will be essential reading.</p>\n<p>Expect more statements of humble compliance. And look out for further signs that increasingly differing regulatory approaches might accelerate the already expected delisting of China’s media-tech and entertainment firms from U.S. stock markets.</p>\n<div>\n<div>\n<strong>More from Variety</strong>\n</div>\n<ul>\n<li>Beijing's City Government Preps Bill to Regulate Celebrity Drug Use</li>\n<li>'Lord of the Rings' Films Finalize China Re-Release Dates</li>\n<li>China Launches Hotline to Report Online Comments That 'Distort' History or 'Deny' Its Cultural Excellence</li>\n</ul>\n</div>\n<div>\n<div>\n<strong>Best of Variety</strong>\n</div>\n<ul>\n<li>10 Monsters Godzilla Should Fight Next</li>\n<li>What's Coming to Disney Plus in April 2021</li>\n<li>Everything Coming to Netflix in April 2021</li>\n</ul>\n</div></body></html>","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>After Alibaba’s Record Penalty Regulatory Doubts Haunt China’s Media Tech Sector</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\">\nAfter Alibaba’s Record Penalty Regulatory Doubts Haunt China’s Media Tech Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 17:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alibaba-record-penalty-regulatory-doubts-095049997.html><strong>Variety</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>News over the weekend of a record breaking $2.8 billion fine for Chinese tech giant Alibaba produced a huge relief rally. The company’s value surged by more than $30 billion in Monday stock trading.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/alibaba-record-penalty-regulatory-doubts-095049997.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QFydXt7JIbRwX8OWQPKpsw--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/Y6fyd3EwWQz5yp2IvvZP0g--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/variety_finance_606/05e2c19f7ea28724f7560aa5ad4df408","relate_stocks":{"09988":"阿里巴巴-W","QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴"},"source_url":"https://finance.yahoo.com/news/alibaba-record-penalty-regulatory-doubts-095049997.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2127583465","content_text":"News over the weekend of a record breaking $2.8 billion fine for Chinese tech giant Alibaba produced a huge relief rally. The company’s value surged by more than $30 billion in Monday stock trading.\nBut continuing share market volatility suggests that there is ongoing worry about further regulation and the path forward for China’s media and tech giants.\nHong Kong’s tech share index, which includes the principal stock listing of China’s largest company Tencent, and now also includes the secondary equity listings of Alibaba, Baidu and Bilibili, is deep in bear market territory. Closing at 8,232 on Friday, the tech index is 1% lower on the week, 3% lower for the year to date, and fully 25% down compared with its peak on Feb. 17, 2021.\nChinese competition regulators put the tech sector on notice in the last quarter of 2020 and announced their formal anti-trust probe of Alibaba on Christmas Eve. That the result of the investigation could be delivered so quickly and the scale of the fine, which was only 4% of revenue rather than the maximum 10%, were reasons for Alibaba shares’ brief rebound.\n“To regulate is to ensure better development, and the act of tugging at the sleeve is also an act of love,” said the People’s Daily, the mainland government’s most important media mouthpiece. The government wants “healthy and continuous development of the country’s internet industry” and the fine did not deny the “important role of internet platforms in economic and social development,” the paper said.\nAlibaba said that it accepted its punishment and knew of no other government actions against it. That was another cause for relief. There has been speculation in recent months that Alibaba might be forced to break up or dispose of its huge media and entertainment holdings.\n“Despite the record fine amount, we think this should lift a major overhang on BABA and shift the market’s focus back to fundamentals,” investment bank Morgan Stanley said in a research note published on Sunday.\nBut the relief proved short-lived.\nThere is no guarantee that Alibaba’s attempts at compliance over a three-year probation period will necessarily be acceptable to the regulators.\nAnd, underlining the notion that the whole tech industry remains in the government crosshairs, it soon emerged that the bosses of 34 Chinese tech firms had been summoned for a quiet dressing down. They were told to heed Alibaba’s punishment as a warning to them all.\nThose in attendance are reported to have included reps from Baidu, Sina Weibo, iQIYI, Bytedance (the unlisted owner of Douyin and TikTok), Bilibili, Kuaishou, and Suning, the electronics retailer that owns streaming service PPTV.\nThroughout the recent financial earnings reporting season, the issue of regulation cast a shadow over the sector. Despite China’s V-shaped economic recovery, and strong results from digital sector leaders, caution seemed to be as prevalent as references to COVID-19.\nTencent, which many industry watchers regarded as the next most vulnerable to government action, played down record profits. It even described working with regulators as the “strategic focus” of its fintech business. Tencent founder Pony Ma confirmed that he had been visited the State Administration of Market Regulation for a chat.\nThe government has most notably acted on monopoly practices such as demanding exclusivity from merchants.\nIt has also punished firms for not clearing mergers and acquisitions activity with regulators before deals are completed (12 were fined in March), suggesting that the government expects to micromanage private sector entrepreneurialism, and that it may reserve some activities for state-owned enterprises.\nThe anti-monopoly moves curb some of the “network effect” benefits that companies derive from achieving huge scale and being able to share client data across a wide range of group businesses. The clearest example of enforced fragmentation was the mandatary restructuring of Alibaba’s financial arm Ant Group.\nIn October, Ant’s blockbuster IPO was halted dead in its tracks. This month, Ant was busted down to being an unsexy holding company. Its valuation may have halved.\nChina’s new Personal Information Protection Law (PIPL) has some similarities to the General Data Protection Regulation system approved by the European Union in 2018: such as requiring companies to obtain user consent for data gathering and the user’s right to review such information. But, in reinforcing rules about transferring data outside China, it adds another dimension to Chinese state-control and bolsters regulation as a form of international competition. (The U.S. does not yet have a general data protection law like the E.U. or China.)\nBeyond corporate M&A and data privacy, there are other areas that may come under the Chinese regulator’s gaze. There have been warning signals on live-streaming, news-gathering, online advertising, IP, gaming, and money-laundering. And, as has been shown with the Fan Bingbing incident of the past and Jack Ma and Alibaba’s recent travails, cutting celebrities down to size is standard issue Communist Party policy.\nEven a well-respected and established giant like Baidu can look terribly fragile when it is required to spell out in black and white the risks that surround it. Its global offering document, published in March for its secondary share listing in Hong Kong, contains 72 pages of risk warnings and makes for daunting reading. In listed concerns including: “changes in U.S. and international trade policies, particularly with regard to China”; “uncertain” (Chinese) interpretation of its corporate structure; “complex and evolving\nChinese and international laws and regulations regarding privacy and data protection”; and “changing laws and regulations regarding regulatory matters, corporate governance and public disclosures.” “China’s economy differs from the economies of most developed countries in many respects, including the extent of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources,” it summarized.\nAs the next earnings season cranks up, further corporate commentary on regulatory matters will be essential reading.\nExpect more statements of humble compliance. And look out for further signs that increasingly differing regulatory approaches might accelerate the already expected delisting of China’s media-tech and entertainment firms from U.S. stock markets.\n\n\nMore from Variety\n\n\nBeijing's City Government Preps Bill to Regulate Celebrity Drug Use\n'Lord of the Rings' Films Finalize China Re-Release Dates\nChina Launches Hotline to Report Online Comments That 'Distort' History or 'Deny' Its Cultural Excellence\n\n\n\n\nBest of Variety\n\n\n10 Monsters Godzilla Should Fight Next\nWhat's Coming to Disney Plus in April 2021\nEverything Coming to Netflix in April 2021","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343175557,"gmtCreate":1617697060379,"gmtModify":1634297059684,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>阿理巴巴 是个快乐的青年","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>阿理巴巴 是个快乐的青年","text":"$Alibaba(09988)$阿理巴巴 是个快乐的青年","images":[{"img":"https://static.tigerbbs.com/5c2e8b0b3a49d16fe16435dda4fe9d9d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343175557","isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":102481712,"gmtCreate":1620230764336,"gmtModify":1634206789854,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Buy or sell?&nbsp;","listText":"Buy or sell?&nbsp;","text":"Buy or sell?","images":[{"img":"https://static.tigerbbs.com/cf04b39d92ebda7f52b1ff43d439358d","width":"1080","height":"3021"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102481712","isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":103893579,"gmtCreate":1619763199291,"gmtModify":1634210089182,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103893579","repostId":"1188621142","repostType":2,"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377311077,"gmtCreate":1619496135399,"gmtModify":1634212276874,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Good company, nothing to fear","listText":"Good company, nothing to fear","text":"Good company, nothing to fear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377311077","repostId":"1174102331","repostType":2,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372497843,"gmtCreate":1619231898282,"gmtModify":1634287574772,"author":{"id":"3577490358002933","authorId":"3577490358002933","name":"khorgc","avatar":"https://static.tigerbbs.com/65a0addb29d13bd2bfdcfb44b21f26dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490358002933","authorIdStr":"3577490358002933"},"themes":[],"htmlText":"Isit gona sky Rocket after this read?&nbsp;","listText":"Isit gona sky Rocket after this read?&nbsp;","text":"Isit gona sky Rocket after this read?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372497843","repostId":"1172227414","repostType":2,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}