CarmenMok的个人主页 - 老虎社区

CarmenMok

CarmenMok

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2021-10-18

$NVIDIA Corp(NVDA)$Still going strong?

2021-10-18

$NIO Inc.(NIO)$Let’s go

2021-09-28

Haiz...

2021-09-26

No eyes see

2021-09-26

$NVDA 20211001 200.0 PUT(NVDA)$All the best

2021-09-24

Nice one

2021-09-24

$NVDA 20211001 200.0 PUT(NVDA)$Stay strong

2021-09-02

Good stock

2021-09-02

$NIO Inc.(NIO)$Steady

2021-08-27

So strong

2021-08-26

Like this

2021-08-26

$NVTA 20210917 25.0 PUT(NVTA)$Nice one

2021-08-24

This is good

2021-08-23

Sold too early :(((

2021-08-23

$NIO Inc.(NIO)$Patiently awaits

2021-08-20

Should I?

2021-08-20

$OVERSEA-CHINESE BANKING CORP(O39.SI)$Patience

2021-08-18

$SQ 20211015 280.0 CALL(SQ)$Come on

2021-08-17

Good stock

2021-08-15

Your time will come

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this is good news","listText":"Optimistic this is good news","text":"Optimistic this is good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132066702","repostId":"1111418097","repostType":4,"repost":{"id":"1111418097","kind":"news","pubTimestamp":1622041378,"share":"https://www.laohu8.com/m/news/1111418097?lang=&edition=full","pubTime":"2021-05-26 23:02","market":"us","language":"en","title":"Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post","url":"https://stock-news.laohu8.com/highlight/detail?id=1111418097","media":"coindesk","summary":"Apple is looking to hire a business development manager with experience in the cryptocurrency indust","content":"<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.</p><p>In a Wednesday&nbsp;job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”</p><p>The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.</p><p>“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.</p><p>Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.</p><p>That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.</p><p>Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.</p><p>Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.</p>","source":"lsy1572937250936","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>Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post</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\">\nApple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post><strong>coindesk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.In a Wednesday job posting, Apple said ...</p>\n\n<a href=\"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111418097","content_text":"Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.In a Wednesday job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341862583,"gmtCreate":1617803607742,"gmtModify":1634296422540,"author":{"id":"3580686343307813","authorId":"3580686343307813","name":"CarmenMok","avatar":"https://static.tigerbbs.com/b40679fa51d81e9ae96a79fd564b4859","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580686343307813","authorIdStr":"3580686343307813"},"themes":[],"htmlText":"Buy Tesla on weakness","listText":"Buy Tesla on weakness","text":"Buy Tesla on weakness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341862583","repostId":"1126169512","repostType":4,"repost":{"id":"1126169512","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803215,"share":"https://www.laohu8.com/m/news/1126169512?lang=&edition=full","pubTime":"2021-04-07 21:46","market":"us","language":"en","title":"Li Auto shares led the decline of EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1126169512","media":"Tiger Newspress","summary":"Li Auto shares led the decline of EV Stocks in Wednesday morning trading.Li Auto was down 7%,Xpeng M","content":"<p>Li&nbsp;Auto&nbsp;shares&nbsp;led&nbsp;the&nbsp;decline&nbsp;of&nbsp;EV&nbsp;Stocks&nbsp;in&nbsp;Wednesday&nbsp;morning&nbsp;trading.Li&nbsp;Auto&nbsp;was&nbsp;down&nbsp;7%,Xpeng&nbsp;Motors&nbsp;was&nbsp;down&nbsp;4%,Nio&nbsp;was&nbsp;down&nbsp;2%&nbsp;and&nbsp;Tesla&nbsp;was&nbsp;down&nbsp;0.6%.</p><p>Li Auto announced a new $750 million debt offering, which the China-based electric vehicle maker said would be used to fund research and development.</p><p><img src=\"https://static.tigerbbs.com/3628027a68c6c65c0d8c02c66e47e689\" tg-width=\"426\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p><p>Li Auto Inc., an innovator in China’s new energy vehicle market, today announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028, subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.</p><p>The Company plans to use the net proceeds from the Notes Offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</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>Li Auto shares led the decline of EV Stocks</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 shares led the decline of EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Li&nbsp;Auto&nbsp;shares&nbsp;led&nbsp;the&nbsp;decline&nbsp;of&nbsp;EV&nbsp;Stocks&nbsp;in&nbsp;Wednesday&nbsp;morning&nbsp;trading.Li&nbsp;Auto&nbsp;was&nbsp;down&nbsp;7%,Xpeng&nbsp;Motors&nbsp;was&nbsp;down&nbsp;4%,Nio&nbsp;was&nbsp;down&nbsp;2%&nbsp;and&nbsp;Tesla&nbsp;was&nbsp;down&nbsp;0.6%.</p><p>Li Auto announced a new $750 million debt offering, which the China-based electric vehicle maker said would be used to fund research and development.</p><p><img src=\"https://static.tigerbbs.com/3628027a68c6c65c0d8c02c66e47e689\" tg-width=\"426\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p><p>Li Auto Inc., an innovator in China’s new energy vehicle market, today announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028, subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.</p><p>The Company plans to use the net proceeds from the Notes Offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","TSLA":"特斯拉","NIO":"蔚来","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126169512","content_text":"Li Auto shares led the decline of EV Stocks in Wednesday morning trading.Li Auto was down 7%,Xpeng Motors was down 4%,Nio was down 2% and Tesla was down 0.6%.Li Auto announced a new $750 million debt offering, which the China-based electric vehicle maker said would be used to fund research and development.Li Auto Inc., an innovator in China’s new energy vehicle market, today announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028, subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.The Company plans to use the net proceeds from the Notes Offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144315781,"gmtCreate":1626267667443,"gmtModify":1633928482717,"author":{"id":"3580686343307813","authorId":"3580686343307813","name":"CarmenMok","avatar":"https://static.tigerbbs.com/b40679fa51d81e9ae96a79fd564b4859","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580686343307813","authorIdStr":"3580686343307813"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144315781","repostId":"1107733003","repostType":4,"repost":{"id":"1107733003","kind":"news","pubTimestamp":1626267541,"share":"https://www.laohu8.com/m/news/1107733003?lang=&edition=full","pubTime":"2021-07-14 20:59","market":"us","language":"en","title":"Powell Says Achieving ‘Substantial Further Progress’ a Ways Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1107733003","media":"Bloomberg","summary":" -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Servic","content":"<p>(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.</p>\n<p>“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Services Committee. “While reaching the standard of ‘substantial further progress’ is still a ways off, participants expect that progress will continue.”</p>\n<p>The hearing to present the Fed’s semi-annual Monetary Policy Report to Congress is scheduled to begin at 12 p.m. Washington time. Powell addresses the Senate banking panel on Thursday.</p>\n<p>U.S. central bankers are providing aggressive support by holding interest rates near zero and buying $120 billion of bonds a month, even as the economy shows strong growth. Job gains have been solid and inflation has jumped, though officials say that’s due to temporary supply glitches as the economy reopens from the pandemic.</p>\n<p>Ten-year Treasuries held earlier gains with yields around 1.37% following the release of Powell’s remarks. U.S. stock futures were higher and the dollar softened.</p>\n<p>Critics say that ultra-easy monetary policy alongside massive government spending is overheating the economy. Government data released on Tuesday showed prices paid by U.S. consumers surged in June by the most since 2008 and were up 5.4% from the same month last year.</p>\n<p>‘Strong Demand’</p>\n<p>“Strong demand in sectors where production bottlenecks or other supply constraints have limited production has led to especially rapid price increases for some goods and services, which should partially reverse as the effects of the bottlenecks unwind,” Powell said. “Prices for services that were hard hit by the pandemic have also jumped in recent months as demand for these services has surged with the reopening of the economy.”</p>\n<p>Powell noted that asset prices and risk appetite have risen while downplaying any near-term risks to the economy from financial markets.</p>\n<p>“Household balance sheets are, on average, quite strong, business leverage has been declining from high levels, and the institutions at the core of the financial system remain resilient,” he said.</p>\n<p>Powell’s remarks before Congress this week are his last semi-annual testimony before President Joe Biden decides whether to give him another four years at the Fed helm or pick someone else. Powell’s tenure as chair expires in February.</p>\n<p>The Fed’s policy patience is part of a new framework it announced nearly a year ago that pledged to achieve an average of 2% inflation over time and not pre-judge the level of maximum employment. Fed officials in June started a conversation about when to begin scaling back their asset purchases.</p>\n<p>Forecasts released by Fed officials last month also showed them pulling the timing of interest rate liftoff forward, with two increases penciled in for 2023, a move that pushed some market measures of inflation expectations lower.</p>\n<p>“Measures of longer-term inflation expectations have moved up from their pandemic lows and are in a range that is broadly consistent with the FOMC’s longer-run inflation goal,” Powell said, referring to the rate-setting Federal Open Market Committee.</p>\n<p>Fed officials last month signaled their view of risk and uncertainty around inflation had risen, according to their forecasts.</p>\n<p>Powell emphasized in his prepared remarks that the labor market recovery was still far from complete.</p>\n<p>“Conditions in the labor market have continued to improve, but there is still a long way to go,” “Powell said. “Job gains should be strong in coming months as public health conditions continue to improve and as some of the other pandemic-related factors currently weighing them down diminish.”</p>\n<p>He added that despite “substantial improvements” for racial and ethnic groups, “the hardest-hit groups still have the most ground left to regain.”</p>\n<p>The U.S. economy added 850,000 jobs in June, the biggest monthly increase since August. Still, broader measures of labor-market slack indicate it is still short of the Fed’s mandate of maximum employment. The jobless rate for Black workers stood at 9.2% compared to 6% in February 2020.</p>\n<p>The overall unemployment rate has fallen to 5.9% from a pandemic peak of 14.8% with high rates of churn in industries facing strong demand such as retail and hospitality. Prior to the pandemic, the unemployment rate stood at 3.5% in February 2020 while the 12-month change in inflation was 1.8%, according to the Fed’s preferred measure, the personal consumption expenditures price index.</p>","source":"lsy1612507957220","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>Powell Says Achieving ‘Substantial Further Progress’ a Ways Off</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\">\nPowell Says Achieving ‘Substantial Further Progress’ a Ways Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 20:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding...</p>\n\n<a href=\"https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.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"},"source_url":"https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107733003","content_text":"(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.\n“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Services Committee. “While reaching the standard of ‘substantial further progress’ is still a ways off, participants expect that progress will continue.”\nThe hearing to present the Fed’s semi-annual Monetary Policy Report to Congress is scheduled to begin at 12 p.m. Washington time. Powell addresses the Senate banking panel on Thursday.\nU.S. central bankers are providing aggressive support by holding interest rates near zero and buying $120 billion of bonds a month, even as the economy shows strong growth. Job gains have been solid and inflation has jumped, though officials say that’s due to temporary supply glitches as the economy reopens from the pandemic.\nTen-year Treasuries held earlier gains with yields around 1.37% following the release of Powell’s remarks. U.S. stock futures were higher and the dollar softened.\nCritics say that ultra-easy monetary policy alongside massive government spending is overheating the economy. Government data released on Tuesday showed prices paid by U.S. consumers surged in June by the most since 2008 and were up 5.4% from the same month last year.\n‘Strong Demand’\n“Strong demand in sectors where production bottlenecks or other supply constraints have limited production has led to especially rapid price increases for some goods and services, which should partially reverse as the effects of the bottlenecks unwind,” Powell said. “Prices for services that were hard hit by the pandemic have also jumped in recent months as demand for these services has surged with the reopening of the economy.”\nPowell noted that asset prices and risk appetite have risen while downplaying any near-term risks to the economy from financial markets.\n“Household balance sheets are, on average, quite strong, business leverage has been declining from high levels, and the institutions at the core of the financial system remain resilient,” he said.\nPowell’s remarks before Congress this week are his last semi-annual testimony before President Joe Biden decides whether to give him another four years at the Fed helm or pick someone else. Powell’s tenure as chair expires in February.\nThe Fed’s policy patience is part of a new framework it announced nearly a year ago that pledged to achieve an average of 2% inflation over time and not pre-judge the level of maximum employment. Fed officials in June started a conversation about when to begin scaling back their asset purchases.\nForecasts released by Fed officials last month also showed them pulling the timing of interest rate liftoff forward, with two increases penciled in for 2023, a move that pushed some market measures of inflation expectations lower.\n“Measures of longer-term inflation expectations have moved up from their pandemic lows and are in a range that is broadly consistent with the FOMC’s longer-run inflation goal,” Powell said, referring to the rate-setting Federal Open Market Committee.\nFed officials last month signaled their view of risk and uncertainty around inflation had risen, according to their forecasts.\nPowell emphasized in his prepared remarks that the labor market recovery was still far from complete.\n“Conditions in the labor market have continued to improve, but there is still a long way to go,” “Powell said. “Job gains should be strong in coming months as public health conditions continue to improve and as some of the other pandemic-related factors currently weighing them down diminish.”\nHe added that despite “substantial improvements” for racial and ethnic groups, “the hardest-hit groups still have the most ground left to regain.”\nThe U.S. economy added 850,000 jobs in June, the biggest monthly increase since August. Still, broader measures of labor-market slack indicate it is still short of the Fed’s mandate of maximum employment. The jobless rate for Black workers stood at 9.2% compared to 6% in February 2020.\nThe overall unemployment rate has fallen to 5.9% from a pandemic peak of 14.8% with high rates of churn in industries facing strong demand such as retail and hospitality. Prior to the pandemic, the unemployment rate stood at 3.5% in February 2020 while the 12-month change in inflation was 1.8%, according to the Fed’s preferred measure, the personal consumption expenditures price index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145943457,"gmtCreate":1626187519979,"gmtModify":1633929231511,"author":{"id":"3580686343307813","authorId":"3580686343307813","name":"CarmenMok","avatar":"https://static.tigerbbs.com/b40679fa51d81e9ae96a79fd564b4859","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580686343307813","authorIdStr":"3580686343307813"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$BABA 20210806 235.0 CALL(BABA)$</a>Still waiting","listText":"<a href=\"https://laohu8.com/S/BABA\">$BABA 20210806 235.0 CALL(BABA)$</a>Still waiting","text":"$BABA 20210806 235.0 CALL(BABA)$Still 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moon....","images":[{"img":"https://static.tigerbbs.com/dbb48da44d3c471aa2899901211abf39","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126069244","isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343653347,"gmtCreate":1617715441289,"gmtModify":1634296968600,"author":{"id":"3580686343307813","authorId":"3580686343307813","name":"CarmenMok","avatar":"https://static.tigerbbs.com/b40679fa51d81e9ae96a79fd564b4859","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580686343307813","authorIdStr":"3580686343307813"},"themes":[],"htmlText":"Any SPAC in the list that has a good chance of ending up in an deal?","listText":"Any SPAC in the list that has a good chance of ending up in an deal?","text":"Any SPAC in the list that has a good chance of ending up in an deal?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/343653347","repostId":"1182647190","repostType":4,"repost":{"id":"1182647190","kind":"news","pubTimestamp":1617714552,"share":"https://www.laohu8.com/m/news/1182647190?lang=&edition=full","pubTime":"2021-04-06 21:09","market":"us","language":"en","title":"The SPAC Bust Has Created Bargains for Investors. How to Play it.","url":"https://stock-news.laohu8.com/highlight/detail?id=1182647190","media":"Barrons","summary":"The hottest market in history for special-purpose acquisition companies, or SPACs, has slowed down m","content":"<p>The hottest market in history for special-purpose acquisition companies, or SPACs, has slowed down markedly in recent weeks. That’s being felt both in the relative dearth of new SPACs filing to go public and in the stock-price performance of already listed SPACs. The pullback has opened up numerous arbitrage opportunities for yield-seeking investors.</p><p>SPACs list on a stock exchange in an initial public offering just like any other company. However, the so-called blank-check companies don’t have any business operations when they list. SPACs are just publicly traded cash shells with backers—called sponsors—responsible for identifying and negotiatinga merger with a private operating company, usually within two years. Cash raised in the IPO sits in a trust earning interest.</p><p>Once the companies merge, the operating company takes over the SPAC’s stock-market listing—the ticker symbol usually changes—and puts the SPAC’s cash toward investing in the business, buying out existing investors, or other uses. SPAC shareholders and sponsors both get a stake in the combined company.</p><p>SPACs exploded onto the scene in 2020 after spending more than two decades asrelatively obscure vehicles with less-than-stellar performance. Nearly 250 SPACs raised some $83 billion in IPO proceeds last year, according to SPAC Insider, with another 298 raising $97 billion just since the start of 2021. More credible sponsors, rock-bottom interest rates, and the market’s insatiable appetite for new public companies have fueled the SPAC boom.</p><p>Companies including&nbsp;QuantumScape&nbsp;(ticker: QS),Playboy(PLBY),Utz(UTZ), and&nbsp;DraftKings(DKNG) have all taken the SPAC route to go public over the past year. Those deals have beenhits with investors, and SPAC shareholders have earned a multiple on their investments. But plenty of other recently completed SPAC deals—such as&nbsp;MultiPlan(MPLN),Clover Health(CLOV), or&nbsp;United Wholesale Mortgage(UWMC)—have flopped.</p><p>Betting that a SPAC’s sponsors will complete a well-received merger is an inherently speculative exercise. It requires investors to put their faith into the team’s connections, negotiating skills, and ability to judge the prospects of a potential target business. The frothy SPAC market for most of the past year has been happy to take that bet, with the vast majority of SPACs trading at a premium to their trust values—until a few weeks ago.</p><p>The average SPAC’s market pricepremium to its trust valuehit a high of 26.9% in early March, according to data from theAccelerate Arbitrage Fund’s(ARB.Canada) Julian Klymochko. But just as rising bond yields have deflated valuations in many growth stocks and more speculative companies, they’ve helped prompt a correction in the SPAC market. The average SPAC premium had declined to about 3.5% by the end of March.</p><p>Numerous SPAC shares now trade for less than their per-share trust value. That opens up a much simpler and less speculative arbitrage strategy for investors in the sector thanbetting on deal makers’ abilityto close a deal with an attractive target company. Arbitrage investors swoop in when the price of an asset temporarily diverges from its underlying value and pocket that difference. This trade is similar to the arbitrage strategy employed by investors in closed-end funds, which involves buying or selling when the market price diverges from the net asset value per share.</p><p>That’s applicable to SPACs thanks to a unique right that their investors have: At the time of a SPAC’s merger, shareholders can redeem their stock for a proportionate share of the SPAC’s trust cash instead of participating in the deal. A SPAC that reaches its deadline without completing a merger automatically liquidates and returns its trust cash to shareholders.</p><p>Take&nbsp;Spartacus Acquisition(TMTS), a technology, media, and telecom-focused SPAC that raised $200 million in an IPO last October and a deadline 18 months later on April 20, 2022. The SPAC’s stock traded around $9.90 on Monday, versus a trust value per share of $10.15,according to its IPO prospectus.</p><p>Investors can effectively buy $10.15 worth of cash for $9.90, and still have the potential upside of a well-received deal if Spartacus’ sponsors deliver. In the case of a dud, investors can choose to redeem and get the $10.15 trust value plus whatever interest is earned meanwhile. That’s a guaranteed minimum yield of 2.5% to be received between now and the SPAC’s deadline about a year from now. Compare that to the 0.06% yield on the U.S. 1 Year Treasury bill.</p><p>Here are 20 SPACs that were trading at meaningful discounts to their trust values on Monday.</p><p>SPAC Arbitrage Opportunities</p><p><table><thead><tr><th>SPAC</th><th>Ticker</th><th>Recent Price</th><th>Est. Trust Value Per Share</th><th>Discount To Trust</th><th>Deadline</th></tr></thead><tbody><tr><td>Yunhong International</td><td>ZGYH</td><td>$10.03</td><td>$10.11</td><td>0.79%</td><td>May 18, 2021</td></tr><tr><td>Zanite Acquisition</td><td>ZNTE</td><td>$10.00</td><td>$10.10</td><td>0.99%</td><td>May 21, 2021</td></tr><tr><td>Edoc Acquisition</td><td>ADOC</td><td>$9.99</td><td>$10.17</td><td>1.77%</td><td>Nov 12, 2021</td></tr><tr><td>Breeze Holdings Acquisition</td><td>BREZ</td><td>$9.97</td><td>$10.15</td><td>1.77%</td><td>Nov 25, 2021</td></tr><tr><td>Benessere Capital Acquisition</td><td>BENE</td><td>$9.93</td><td>$10.16</td><td>2.26%</td><td>Jan 7, 2022</td></tr><tr><td>Vickers Vantage I</td><td>VCKA</td><td>$9.89</td><td>$10.10</td><td>2.08%</td><td>Jan 11, 2022</td></tr><tr><td>FoxWayne Enterprises Acquisition</td><td>FOXW</td><td>$9.82</td><td>$10.10</td><td>2.77%</td><td>Jan 22, 2022</td></tr><tr><td>Yellowstone Acquisition</td><td>YSAC</td><td>$10.01</td><td>$10.20</td><td>1.86%</td><td>Jan 25, 2022</td></tr><tr><td>Viveon Health Acquisition</td><td>VHAQ</td><td>$9.86</td><td>$10.10</td><td>2.38%</td><td>Mar 26, 2022</td></tr><tr><td>Ventoux CCM Acquisition</td><td>VTAQ</td><td>$9.91</td><td>$10.10</td><td>1.88%</td><td>Mar 29, 2022</td></tr></tbody></table></p><table><thead><tr><th>SPAC</th><th>Ticker</th><th>Recent Price</th><th>Est. Trust Value Per Share</th><th>Discount To Trust</th><th>Deadline</th></tr></thead><tbody><tr><td>Spartacus Acquisition</td><td>TMTS</td><td>$9.85</td><td>$10.15</td><td>2.96%</td><td>Apr 20, 2022</td></tr><tr><td>OTR Acquisition</td><td>OTRA</td><td>$9.96</td><td>$10.25</td><td>2.83%</td><td>May 20, 2022</td></tr><tr><td>Kingswood Acquisition</td><td>KWAC</td><td>$9.98</td><td>$10.25</td><td>2.63%</td><td>May 25, 2022</td></tr><tr><td>EdTechX Holdings Acquisition II</td><td>EDTX</td><td>$9.90</td><td>$10.15</td><td>2.46%</td><td>Jun 15, 2022</td></tr><tr><td>Dune Acquisition</td><td>DUNE</td><td>$9.75</td><td>$10.00</td><td>2.50%</td><td>Jun 22, 2022</td></tr><tr><td>OCA Acquisition</td><td>OCAX</td><td>$9.83</td><td>$10.15</td><td>3.15%</td><td>Jul 20, 2022</td></tr><tr><td>Legato Merger</td><td>LEGO</td><td>$9.74</td><td>$10.00</td><td>2.60%</td><td>Jul 23, 2022</td></tr><tr><td>LMF Acquisition Opportunities</td><td>LMAO</td><td>$9.81</td><td>$10.20</td><td>3.82%</td><td>Jul 29, 2022</td></tr><tr><td>HumanCo Acquisition</td><td>HMCO</td><td>$9.97</td><td>$10.87</td><td>8.28%</td><td>Dec 11, 2022</td></tr><tr><td>Thunder Bridge Capital Partners III</td><td>TBCP</td><td>$9.55</td><td>$10.00</td><td>4.50%</td><td>Feb 9, 2023</td></tr></tbody></table><p>Not all SPACs on the market are available at such relative bargains. Vehicles frombig-name backers or serial sponsorscan still command hefty premiums. Pershing Square’s Bill Ackman -backedPershing Square Tontine Holdings(PSTH) was trading for about $24.90 on Monday, versus trust cash of about $20 per share. Shares of Chamath Palihapitiya-sponsoredSocial Capital Hedosophia Holdings IV(IPOD) andSocial Capital Hedosophia Holdings VI(IPOF) were trading at about $11.15 and $10.70, respectively, above their per-share trust values of around $10 each. Same goes forGS Acquisition Corporation Holdings II(GSAH), backed byGoldman Sachs(GS), which has a trust value per share of about $10 and was recently trading at about $10.50.</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>The SPAC Bust Has Created Bargains for Investors. How to Play it.</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\">\nThe SPAC Bust Has Created Bargains for Investors. How to Play it.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 21:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/a-risk-free-way-to-profit-from-spacs-51617657934?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The hottest market in history for special-purpose acquisition companies, or SPACs, has slowed down markedly in recent weeks. That’s being felt both in the relative dearth of new SPACs filing to go ...</p>\n\n<a href=\"https://www.barrons.com/articles/a-risk-free-way-to-profit-from-spacs-51617657934?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/a-risk-free-way-to-profit-from-spacs-51617657934?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182647190","content_text":"The hottest market in history for special-purpose acquisition companies, or SPACs, has slowed down markedly in recent weeks. That’s being felt both in the relative dearth of new SPACs filing to go public and in the stock-price performance of already listed SPACs. The pullback has opened up numerous arbitrage opportunities for yield-seeking investors.SPACs list on a stock exchange in an initial public offering just like any other company. However, the so-called blank-check companies don’t have any business operations when they list. SPACs are just publicly traded cash shells with backers—called sponsors—responsible for identifying and negotiatinga merger with a private operating company, usually within two years. Cash raised in the IPO sits in a trust earning interest.Once the companies merge, the operating company takes over the SPAC’s stock-market listing—the ticker symbol usually changes—and puts the SPAC’s cash toward investing in the business, buying out existing investors, or other uses. SPAC shareholders and sponsors both get a stake in the combined company.SPACs exploded onto the scene in 2020 after spending more than two decades asrelatively obscure vehicles with less-than-stellar performance. Nearly 250 SPACs raised some $83 billion in IPO proceeds last year, according to SPAC Insider, with another 298 raising $97 billion just since the start of 2021. More credible sponsors, rock-bottom interest rates, and the market’s insatiable appetite for new public companies have fueled the SPAC boom.Companies including QuantumScape (ticker: QS),Playboy(PLBY),Utz(UTZ), and DraftKings(DKNG) have all taken the SPAC route to go public over the past year. Those deals have beenhits with investors, and SPAC shareholders have earned a multiple on their investments. But plenty of other recently completed SPAC deals—such as MultiPlan(MPLN),Clover Health(CLOV), or United Wholesale Mortgage(UWMC)—have flopped.Betting that a SPAC’s sponsors will complete a well-received merger is an inherently speculative exercise. It requires investors to put their faith into the team’s connections, negotiating skills, and ability to judge the prospects of a potential target business. The frothy SPAC market for most of the past year has been happy to take that bet, with the vast majority of SPACs trading at a premium to their trust values—until a few weeks ago.The average SPAC’s market pricepremium to its trust valuehit a high of 26.9% in early March, according to data from theAccelerate Arbitrage Fund’s(ARB.Canada) Julian Klymochko. But just as rising bond yields have deflated valuations in many growth stocks and more speculative companies, they’ve helped prompt a correction in the SPAC market. The average SPAC premium had declined to about 3.5% by the end of March.Numerous SPAC shares now trade for less than their per-share trust value. That opens up a much simpler and less speculative arbitrage strategy for investors in the sector thanbetting on deal makers’ abilityto close a deal with an attractive target company. Arbitrage investors swoop in when the price of an asset temporarily diverges from its underlying value and pocket that difference. This trade is similar to the arbitrage strategy employed by investors in closed-end funds, which involves buying or selling when the market price diverges from the net asset value per share.That’s applicable to SPACs thanks to a unique right that their investors have: At the time of a SPAC’s merger, shareholders can redeem their stock for a proportionate share of the SPAC’s trust cash instead of participating in the deal. A SPAC that reaches its deadline without completing a merger automatically liquidates and returns its trust cash to shareholders.Take Spartacus Acquisition(TMTS), a technology, media, and telecom-focused SPAC that raised $200 million in an IPO last October and a deadline 18 months later on April 20, 2022. The SPAC’s stock traded around $9.90 on Monday, versus a trust value per share of $10.15,according to its IPO prospectus.Investors can effectively buy $10.15 worth of cash for $9.90, and still have the potential upside of a well-received deal if Spartacus’ sponsors deliver. In the case of a dud, investors can choose to redeem and get the $10.15 trust value plus whatever interest is earned meanwhile. That’s a guaranteed minimum yield of 2.5% to be received between now and the SPAC’s deadline about a year from now. Compare that to the 0.06% yield on the U.S. 1 Year Treasury bill.Here are 20 SPACs that were trading at meaningful discounts to their trust values on Monday.SPAC Arbitrage OpportunitiesSPACTickerRecent PriceEst. Trust Value Per ShareDiscount To TrustDeadlineYunhong InternationalZGYH$10.03$10.110.79%May 18, 2021Zanite AcquisitionZNTE$10.00$10.100.99%May 21, 2021Edoc AcquisitionADOC$9.99$10.171.77%Nov 12, 2021Breeze Holdings AcquisitionBREZ$9.97$10.151.77%Nov 25, 2021Benessere Capital AcquisitionBENE$9.93$10.162.26%Jan 7, 2022Vickers Vantage IVCKA$9.89$10.102.08%Jan 11, 2022FoxWayne Enterprises AcquisitionFOXW$9.82$10.102.77%Jan 22, 2022Yellowstone AcquisitionYSAC$10.01$10.201.86%Jan 25, 2022Viveon Health AcquisitionVHAQ$9.86$10.102.38%Mar 26, 2022Ventoux CCM AcquisitionVTAQ$9.91$10.101.88%Mar 29, 2022SPACTickerRecent PriceEst. Trust Value Per ShareDiscount To TrustDeadlineSpartacus AcquisitionTMTS$9.85$10.152.96%Apr 20, 2022OTR AcquisitionOTRA$9.96$10.252.83%May 20, 2022Kingswood AcquisitionKWAC$9.98$10.252.63%May 25, 2022EdTechX Holdings Acquisition IIEDTX$9.90$10.152.46%Jun 15, 2022Dune AcquisitionDUNE$9.75$10.002.50%Jun 22, 2022OCA AcquisitionOCAX$9.83$10.153.15%Jul 20, 2022Legato MergerLEGO$9.74$10.002.60%Jul 23, 2022LMF Acquisition OpportunitiesLMAO$9.81$10.203.82%Jul 29, 2022HumanCo AcquisitionHMCO$9.97$10.878.28%Dec 11, 2022Thunder Bridge Capital Partners IIITBCP$9.55$10.004.50%Feb 9, 2023Not all SPACs on the market are available at such relative bargains. Vehicles frombig-name backers or serial sponsorscan still command hefty premiums. Pershing Square’s Bill Ackman -backedPershing Square Tontine Holdings(PSTH) was trading for about $24.90 on Monday, versus trust cash of about $20 per share. Shares of Chamath Palihapitiya-sponsoredSocial Capital Hedosophia Holdings IV(IPOD) andSocial Capital Hedosophia Holdings VI(IPOF) were trading at about $11.15 and $10.70, respectively, above their per-share trust values of around $10 each. Same goes forGS Acquisition Corporation Holdings II(GSAH), backed byGoldman Sachs(GS), which has a trust value per share of about $10 and was recently trading at about $10.50.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838462989,"gmtCreate":1629424484741,"gmtModify":1631886243290,"author":{"id":"3580686343307813","authorId":"3580686343307813","name":"CarmenMok","avatar":"https://static.tigerbbs.com/b40679fa51d81e9ae96a79fd564b4859","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580686343307813","authorIdStr":"3580686343307813"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Patience","listText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Patience","text":"$OVERSEA-CHINESE BANKING 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