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2021-09-16

Well

Why Palantir Shares Are Trading Higher Today

2021-09-16

Why

Vinco Ventures Stock Is Having a Great Run, But the Risk Is Significant

2021-09-16

Try up up up

Dow inches higher after retail sales post surprise increase in August

2021-09-16

Good

DoorDash shares surged more than 6% in morning trading

2021-09-16

Good

CEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana

2021-08-16

Look good

@Axekay:$KEPPEL DC REIT(AJBU.SI)$more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!

2021-08-11

Good

2021-04-30

Hope it gokd

S&P 500 notches record close after strong earnings from Facebook and Apple

2021-04-30

Wish Facebook jump next level

S&P 500 notches record close after strong earnings from Facebook and Apple

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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1631805240,"share":"https://www.laohu8.com/m/news/1187895428?lang=&edition=full","pubTime":"2021-09-16 23:14","market":"us","language":"en","title":"Why Palantir Shares Are Trading Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1187895428","media":"Benzinga","summary":"Palantir Technologies is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.The average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already approaching 30 million less than an hour into trading Thursday.Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over","content":"<p><b>Palantir Technologies</b>&nbsp;is trading higher Thursday morning on above-average volume&nbsp;amid increased retail investor interest in the stock on social media.</p>\n<p><img src=\"https://static.tigerbbs.com/8ab0249e536a33b1fd6c306c047556b8\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n<p>The average session volume is about 42 million&nbsp;over a 100-day period. Palantir's daily trading volume was already approaching 30&nbsp;million less than an hour into trading Thursday.</p>\n<p>Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.</p>\n<p>Palantir has continually said that it expects&nbsp;revenue growth of 30% or greater&nbsp;through 2025.</p>\n<p>The company makes products for human-driven analysis of real-world data.</p>\n<p><b>PLTR Price Action:</b>Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.</p>\n<p>The stock was up 5% at $28.45 at time of publication.</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>Why Palantir Shares Are Trading Higher Today</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\">\nWhy Palantir Shares Are Trading Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-16 23:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Palantir Technologies</b>&nbsp;is trading higher Thursday morning on above-average volume&nbsp;amid increased retail investor interest in the stock on social media.</p>\n<p><img src=\"https://static.tigerbbs.com/8ab0249e536a33b1fd6c306c047556b8\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n<p>The average session volume is about 42 million&nbsp;over a 100-day period. Palantir's daily trading volume was already approaching 30&nbsp;million less than an hour into trading Thursday.</p>\n<p>Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.</p>\n<p>Palantir has continually said that it expects&nbsp;revenue growth of 30% or greater&nbsp;through 2025.</p>\n<p>The company makes products for human-driven analysis of real-world data.</p>\n<p><b>PLTR Price Action:</b>Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.</p>\n<p>The stock was up 5% at $28.45 at time of publication.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187895428","content_text":"Palantir Technologies is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.\n\nThe average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already approaching 30 million less than an hour into trading Thursday.\nPalantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.\nPalantir has continually said that it expects revenue growth of 30% or greater through 2025.\nThe company makes products for human-driven analysis of real-world data.\nPLTR Price Action:Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.\nThe stock was up 5% at $28.45 at time of publication.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885545897,"gmtCreate":1631805768319,"gmtModify":1632806064072,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885545897","repostId":"1174542704","repostType":4,"repost":{"id":"1174542704","pubTimestamp":1631805742,"share":"https://www.laohu8.com/m/news/1174542704?lang=&edition=full","pubTime":"2021-09-16 23:22","market":"us","language":"en","title":"Vinco Ventures Stock Is Having a Great Run, But the Risk Is Significant","url":"https://stock-news.laohu8.com/highlight/detail?id=1174542704","media":"InvestorPlace","summary":"Only buy BBIG stock with money you can afford to lose","content":"<p>I’ve been writing about investments since 2004. Rarely have I seen a press release like the one<b>Vinco Ventures</b>(NASDAQ:<b><u>BBIG</u></b>) sent out to announce its annual proxy details for&nbsp;owners of BBIG stock.</p>\n<p>So riveting was its press release,<i>InvestorPlace’s</i>Chris MacDonald discussed the seven most important things to know about its&nbsp;corporate presentation&nbsp;that Vinco included in its proxy.</p>\n<p>A total of six pages, excluding the cover page and legalese at the end,the presentation&nbsp;boosted Vinco Ventures stock by more than 10% over the next two trading days.</p>\n<p>As I write this, the company’s stock has cooled off a little but is still much higher than its $2 price a month ago. BBIG trades today at just above $8.</p>\n<p>The last time&nbsp;I wrote about BBIG&nbsp;was at the beginning of August. I called it “a very big dog with fleas.”</p>\n<p>While I shake my head at the insanity of the current markets, Vinco’s management seems to be slicing and dicing their way to shareholder riches.</p>\n<p>Can its winning streak last?</p>\n<p><b>The Latest Hysteria Surrounding BBIG Stock</b></p>\n<p>As my colleague mentioned in his Sep. 8 article, Vinco plans to spin off several of its assets held by its Emmersive Entertainment LLC unit into a separately traded public company called&nbsp;<b>Cryptyde</b>.</p>\n<p>It will focus on acquisitions related to blockchain technologies. It will also hold the company’s E-NFT tokenization platform.</p>\n<p>If you go to the&nbsp;E-NFT website, you’ll see that Emmersive Entertainment thinks very highly of itself and E-NFT.</p>\n<p>“The E-NFT is the next NFT market disruptor, offering non-fungible art and memorabilia in a way never before seen by utilizing our unrivaled creative team and programming prowess.”</p>\n<p>I’m sure everyone behind Emmersive are fine people.</p>\n<p>However, I’m struggling to understand why the company didn’t issue a separate press release with the update on what’s happening with Emmersive’s spinout. It’s almost as if Vinco understood that it wasn’t introducing anything new to investors, so the proxy release was an excellent excuse to string shareholders along.</p>\n<p><b>The Emmersive Opportunity</b></p>\n<p>Vinco previously announced in June that it was planning to spin out Emmersive. It’s right there in its June 24&nbsp;press release.</p>\n<p>“This is a great opportunity for the shareholders of record on the effective date,” Vinco CEO Christopher Ferguson said in June. “The technology that Emmersive continues to develop is I believe industry changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’”</p>\n<p>The funny thing is, it only acquired Emmersive in April in an&nbsp;all-stock transaction&nbsp;that saw Vinco issue one million preferred membership units to Emmersive’s shareholders that they could convert into one million BBIG shares.</p>\n<p>In addition, the Emmersive management had four earnout targets worth an additional four million conditional preferred units that ultimately could be converted into four million Vinco shares.</p>\n<p>Assuming all the units convert to shares, Immersive was acquired for approximately $52 million at current prices. However, at the time of the acquisition, the preferred units and conditional preferred units were $2.1 million and $5.3 million, respectively.</p>\n<p>On paper, it paid $7.4 million, but the ultimate cost could be much higher. And that’s for a business with almost no revenue to speak of.</p>\n<p><b>The Bottom Line</b></p>\n<p>Vinco currently has a trailing 12-month revenue of&nbsp;$10.5 million. Based on a market capitalization of $1.09 billion [104.06 million&nbsp;shares outstanding multiplied by $10.44 share price], it trades at 104x sales.</p>\n<p>Under most circumstances, I would recommend avoiding this multiple because the odds of a company living up to those expectations are unlikely.</p>\n<p>However, the fact that Hudson Bay Capital Management —13F assets&nbsp;under management over $8 billion — has&nbsp;lent the company&nbsp;well over $120 million in 2021, I can see why investors have been piling into BBIG stock.</p>\n<p>I’m 100% certain I wouldn’t invest in this highly speculative stock. Still, for those who can afford to lose their entire investment, Vinco management appears to be slicing and dicing its way to increased shareholder value.</p>\n<p>Whether they turn out to be posers will only be answered with time.</p>","source":"lsy1606302653667","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>Vinco Ventures Stock Is Having a Great Run, But the Risk Is Significant</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\">\nVinco Ventures Stock Is Having a Great Run, But the Risk Is Significant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I’ve been writing about investments since 2004. Rarely have I seen a press release like the oneVinco Ventures(NASDAQ:BBIG) sent out to announce its annual proxy details for owners of BBIG stock.\nSo ...</p>\n\n<a href=\"https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBIG":"Vinco Ventures, Inc."},"source_url":"https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174542704","content_text":"I’ve been writing about investments since 2004. Rarely have I seen a press release like the oneVinco Ventures(NASDAQ:BBIG) sent out to announce its annual proxy details for owners of BBIG stock.\nSo riveting was its press release,InvestorPlace’sChris MacDonald discussed the seven most important things to know about its corporate presentation that Vinco included in its proxy.\nA total of six pages, excluding the cover page and legalese at the end,the presentation boosted Vinco Ventures stock by more than 10% over the next two trading days.\nAs I write this, the company’s stock has cooled off a little but is still much higher than its $2 price a month ago. BBIG trades today at just above $8.\nThe last time I wrote about BBIG was at the beginning of August. I called it “a very big dog with fleas.”\nWhile I shake my head at the insanity of the current markets, Vinco’s management seems to be slicing and dicing their way to shareholder riches.\nCan its winning streak last?\nThe Latest Hysteria Surrounding BBIG Stock\nAs my colleague mentioned in his Sep. 8 article, Vinco plans to spin off several of its assets held by its Emmersive Entertainment LLC unit into a separately traded public company called Cryptyde.\nIt will focus on acquisitions related to blockchain technologies. It will also hold the company’s E-NFT tokenization platform.\nIf you go to the E-NFT website, you’ll see that Emmersive Entertainment thinks very highly of itself and E-NFT.\n“The E-NFT is the next NFT market disruptor, offering non-fungible art and memorabilia in a way never before seen by utilizing our unrivaled creative team and programming prowess.”\nI’m sure everyone behind Emmersive are fine people.\nHowever, I’m struggling to understand why the company didn’t issue a separate press release with the update on what’s happening with Emmersive’s spinout. It’s almost as if Vinco understood that it wasn’t introducing anything new to investors, so the proxy release was an excellent excuse to string shareholders along.\nThe Emmersive Opportunity\nVinco previously announced in June that it was planning to spin out Emmersive. It’s right there in its June 24 press release.\n“This is a great opportunity for the shareholders of record on the effective date,” Vinco CEO Christopher Ferguson said in June. “The technology that Emmersive continues to develop is I believe industry changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’”\nThe funny thing is, it only acquired Emmersive in April in an all-stock transaction that saw Vinco issue one million preferred membership units to Emmersive’s shareholders that they could convert into one million BBIG shares.\nIn addition, the Emmersive management had four earnout targets worth an additional four million conditional preferred units that ultimately could be converted into four million Vinco shares.\nAssuming all the units convert to shares, Immersive was acquired for approximately $52 million at current prices. However, at the time of the acquisition, the preferred units and conditional preferred units were $2.1 million and $5.3 million, respectively.\nOn paper, it paid $7.4 million, but the ultimate cost could be much higher. And that’s for a business with almost no revenue to speak of.\nThe Bottom Line\nVinco currently has a trailing 12-month revenue of $10.5 million. Based on a market capitalization of $1.09 billion [104.06 million shares outstanding multiplied by $10.44 share price], it trades at 104x sales.\nUnder most circumstances, I would recommend avoiding this multiple because the odds of a company living up to those expectations are unlikely.\nHowever, the fact that Hudson Bay Capital Management —13F assets under management over $8 billion — has lent the company well over $120 million in 2021, I can see why investors have been piling into BBIG stock.\nI’m 100% certain I wouldn’t invest in this highly speculative stock. Still, for those who can afford to lose their entire investment, Vinco management appears to be slicing and dicing its way to increased shareholder value.\nWhether they turn out to be posers will only be answered with time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885542477,"gmtCreate":1631805744199,"gmtModify":1632806064721,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Try up up up","listText":"Try up up up","text":"Try up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885542477","repostId":"1152252168","repostType":4,"repost":{"id":"1152252168","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":1631799182,"share":"https://www.laohu8.com/m/news/1152252168?lang=&edition=full","pubTime":"2021-09-16 21:33","market":"us","language":"en","title":"Dow inches higher after retail sales post surprise increase in August","url":"https://stock-news.laohu8.com/highlight/detail?id=1152252168","media":"Tiger Newspress","summary":"The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-ex","content":"<p>The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.</p>\n<p>The Dow added about 35 points, or 0.1%. The S&amp;P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3363580ae9785618307c340843b4f274\" tg-width=\"1069\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p>August retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.</p>\n<p>Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.</p>\n<p>Despite a rebound on Wednesday, the S&amp;P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&amp;P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.</p>\n<p>History is also not on the market's side as September tends to be a typically negative month for stocks. The S&amp;P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.</p>\n<p>Friday&nbsp;begins a particularly weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.</p>\n<p>\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.</p>\n<p>Another reason why the back half of September could be volatile is due to so-called&nbsp;quadruple witching&nbsp;occurring at the end of the week as stock and index futures and options are set to expire on the same day.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow inches higher after retail sales post surprise increase in August</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow inches higher after retail sales post surprise increase in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-16 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.</p>\n<p>The Dow added about 35 points, or 0.1%. The S&amp;P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3363580ae9785618307c340843b4f274\" tg-width=\"1069\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p>August retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.</p>\n<p>Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.</p>\n<p>Despite a rebound on Wednesday, the S&amp;P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&amp;P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.</p>\n<p>History is also not on the market's side as September tends to be a typically negative month for stocks. The S&amp;P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.</p>\n<p>Friday&nbsp;begins a particularly weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.</p>\n<p>\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.</p>\n<p>Another reason why the back half of September could be volatile is due to so-called&nbsp;quadruple witching&nbsp;occurring at the end of the week as stock and index futures and options are set to expire on the same day.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152252168","content_text":"The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.\nThe Dow added about 35 points, or 0.1%. The S&P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.\n\nAugust retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.\nMeanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.\nDespite a rebound on Wednesday, the S&P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.\nHistory is also not on the market's side as September tends to be a typically negative month for stocks. The S&P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.\nFriday begins a particularly weak period for stocks as those September losses typically come in the back half of the month.\n\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.\n\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.\nAnother reason why the back half of September could be volatile is due to so-called quadruple witching occurring at the end of the week as stock and index futures and options are set to expire on the same day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885546866,"gmtCreate":1631805665455,"gmtModify":1632806065959,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885546866","repostId":"1170054866","repostType":4,"repost":{"id":"1170054866","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":1631803558,"share":"https://www.laohu8.com/m/news/1170054866?lang=&edition=full","pubTime":"2021-09-16 22:45","market":"us","language":"en","title":"DoorDash shares surged more than 6% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1170054866","media":"Tiger Newspress","summary":"DoorDash shares surged more than 6% in morning trading as Bank of America upgraded DoorDash to a buy","content":"<p>DoorDash shares surged more than 6% in morning trading&nbsp;as&nbsp;Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.</p>\n<p><img src=\"https://static.tigerbbs.com/874d52e3419e853f9158fb8a4f8c2fd9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Food delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law&nbsp;requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”</p>\n<p>Under the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”</p>\n<p>The company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.</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>DoorDash shares surged more than 6% in morning trading</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\">\nDoorDash shares surged more than 6% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-16 22:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DoorDash shares surged more than 6% in morning trading&nbsp;as&nbsp;Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.</p>\n<p><img src=\"https://static.tigerbbs.com/874d52e3419e853f9158fb8a4f8c2fd9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Food delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law&nbsp;requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”</p>\n<p>Under the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”</p>\n<p>The company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170054866","content_text":"DoorDash shares surged more than 6% in morning trading as Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.\n\nFood delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”\nUnder the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”\nThe company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885546150,"gmtCreate":1631805642070,"gmtModify":1632806066083,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885546150","repostId":"1156809990","repostType":4,"repost":{"id":"1156809990","pubTimestamp":1631804316,"share":"https://www.laohu8.com/m/news/1156809990?lang=&edition=full","pubTime":"2021-09-16 22:58","market":"us","language":"en","title":"CEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana","url":"https://stock-news.laohu8.com/highlight/detail?id=1156809990","media":"The Wall Street Journal","summary":"Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehi","content":"<p>Selling spree from chief executive’s father highlights corporate structure that benefits family</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7600242d5dcbfc227840a21e680e6463\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Vehicles sit inside a Carvana vending machine in Frisco, Texas.</span></p>\n<p>Aside from&nbsp;Jeff Bezos, Mark Zuckerberg and members of&nbsp;Walmart&nbsp;Inc.’s&nbsp;Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona.</p>\n<p>Company filings show Ernie Garcia II, the father of Carvana Co.’s chief executive officer, has sold more than $3.6 billion of stock since October. The sales amount to 16% of his holdings in the company. He has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business, according to company filings. Some of these benefits can come at the expense of other shareholders, according to the filings, a lawsuit, and corporate governance and tax analysts.</p>\n<p><img src=\"https://static.tigerbbs.com/010ccc314f09f0e65cabaab7f1c23ea2\" tg-width=\"429\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p>\n<p>The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017. Though Mr. Garcia II’s holdings allow him effective control of Carvana, he doesn’t hold a formal role at the company.</p>\n<p>When Carvana’s shares took off three years later, Ernie Garcia II cashed in. Since the start of 2020, only the founders of&nbsp;Amazon.com&nbsp;Inc.&nbsp;andFacebook&nbsp;Inc.&nbsp;and the combined scions of Walmart founder Sam Walton profited more from selling off stakes of their companies, according to insider trade analytics firm InsiderScore.</p>\n<p>Those other companies posted combined profits of more than $106 billion over the past six quarters. Carvana reported net losses of roughly half a billion dollars over the same period, and posted its first quarterly profit of $45 million this spring.</p>\n<p>A Carvana spokeswoman said the company has robust governance, operates in accordance with all rules and regulations and has delivered more than 2000% returns to its investors since its public offering.</p>\n<p>Both Garcias declined to comment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a9740a93974f5dfe4fb1c5419bc7ec3\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Ernest Garcia II, in light blue tie, on the floor of the New York Stock Exchange during Carvana’s initial public offering in 2017.</span></p>\n<p>When Carvana shares tumbled at the start of the Covid-19 pandemic, Mr. Garcia II bought Carvana stock in a private offering below the market price. When the shares doubled in two months, disgruntled shareholders sued the company. A complex tax agreement means Carvana is potentially on the hook to pay Mr. Garcia II the lion’s share of $1.1 billion, according to company filings.</p>\n<p>“The existing structure has allowed them to run this $60 billion public company as if it’s a family firm and for the family’s benefit,” said Daniel Taylor, a professor of accounting at the Wharton School who heads the school’s Forensic Analytics Lab.&nbsp;“It’s amazing,” he added.</p>\n<p>The company’s securities filings warn investors about the structure. “The interests of the Garcia parties may not in all cases be aligned with your interests,” the company said. Carvana said its chief executive and his father, its largest shareholder, might try to boost their profits at a risk to shareholders.</p>\n<p>Like the shares of many digital retailers, Carvana’s soared during the pandemic, rising fourfold from March to September 2020. The next month, Mr. Garcia II started his recent string of sales. His first sale netted roughly $388 million, company filings show.</p>\n<p><img src=\"https://static.tigerbbs.com/c01a10efdbc8f21dfce43cf7da94f25c\" tg-width=\"431\" tg-height=\"549\" width=\"100%\" height=\"auto\"></p>\n<p>Mr. Garcia II began selling 30,000 shares a day in November under an automated share-sale program known as a 10b5-1 plan that he filed in June. These plans allow insiders to create predetermined selling plans to avoid appearances of trading on nonpublic information. On Nov. 4, he modified the plan, a filing shows. He sold another chunk of stock worth $478 million on Dec. 2, and for most of the month sold 50,000 shares daily as the modified plan took effect and the company’s share price topped $250.</p>\n<p>In May, the 10b5-1 plan was modified again. As the company’s stock soared above $300 this summer, the selling increased to 60,000 shares on most days.</p>\n<p>Historically, frequent modification of these plans has been concerning for regulators because it raises the chance that their owners are reacting to inside information, Mr. Taylor said. “I’ve studied 20,000 10b5-1 plans,” he said. “I can’t recall another of this size where there are modifications every six months.”</p>\n<p>These 10b5-1 plans&nbsp;have long been controversial. Securities and Exchange Commission Chairman Gary Gensler has said the agency is&nbsp;drafting revisions to the rules&nbsp;governing the plans, including limiting the number of possible cancellations or modifications.</p>\n<p>Mr. Garcia II became embroiled in one of the biggest financial scandals in recent decades when he took out a loan and facilitated a real-estate transaction that benefited Charles Keating’s Lincoln Savings &amp; Loan Association before it collapsed. In 1990, Mr. Garcia II pleaded guilty to one count of bank fraud and was sentenced to three years probation.</p>\n<p>In a 2013 securities filing Mr. Garcia II said he pleaded guilty after facing severe financial pressure and received a minimal $50 fine due to his cooperation with the investigation.</p>\n<p>Soon after the guilty plea, he bought a used-car dealership called Ugly Duckling and grew it into a sizable chain of “buy here, pay here” car lots that both sold cars and financed its own loans, usually to shoppers with poor credit.</p>\n<p>The company went public in 1996. The stock tripled in its first year but later struggled. Mr. Garcia II took it private in 2002 and renamed it DriveTime Automotive Group. The company aborted another planned IPO in 2010.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c4d59b7998b62574a5869393f2b34b8\" tg-width=\"300\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Ernie Garcia III</span></p>\n<p>In 2012, his son, Mr. Garcia III, started Carvana as a subsidiary of DriveTime focused on online sales. It was spun off, and went public in 2017.</p>\n<p>The family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure—in which each share held by the Garcias counts for 10 votes compared with those available to the public. Even after selling billions of dollars worth of stock, Mr. Garcia II and his son control more than 85% of the company’s voting shares.</p>\n<p>Despite selling more than 24 million shares since the IPO, Mr. Garcia II still controls, or shares control with his son, Carvana shares worth more than $23 billion, according to company filings.</p>\n<p>Large, publicly traded companies controlled by a small group of founders or early investors have become more common. About one in 10 companies on the New York Stock Exchange is a controlled company by the exchange’s definition, according to an assessment by ISS Corporate Solutions, an analytics firm providing corporate governance data to companies.</p>\n<p>When Carvana went public, it also created an arrangement called a tax receivable agreement that can benefit founders and early investors. These arrangements are common among certain types of IPOs, in which tax assets are created, the Carvana spokeswoman said.</p>\n<p>A tax receivable agreement is a financial transaction between the company going public and its early investors. Tax assets could be used by companies to reduce future tax bills. Under tax receivable agreements, early investors get most of the value of the tax assets. If the company uses the assets to reduce its tax bills, the company agrees to pay beneficiaries of the agreement 85% of that benefit in cash. As of June 30, the early investors would be owed $1.1 billion, mostly to Mr. Garcia II, under the arrangement, according to company filings.</p>\n<p>Critics say these deals privilege those investors over public shareholders. “Ordinarily, these tax savings would free up money for the company to use for operations or to return to shareholders,” said Robert Willens, a longtime Wall Street tax consultant. “The only people that benefit are the founders who negotiate these arrangements.”</p>\n<p>The mostly unprofitable Carvana has yet to pay any meaningful federal corporate income taxes. The company’s agreement, however, means the company could be on the hook for future tax asset payments.</p>\n<p>“The structure creates a significant win for public shareholders by generating cash savings,” the company spokeswoman said.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eaf420818c76b85abe0e945aa867ead\" tg-width=\"1050\" tg-height=\"701\" width=\"100%\" height=\"auto\"><span>The family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure.</span></p>\n<p>The Garcias have also boosted their investments in the company, under favorable terms. When markets fell at the start of the Covid-19 pandemic, the company’s stock plunged and sales dropped for several weeks. In late March, the company sold $600 million worth of shares at an 8.2% discount to the market price at close the day before. The two men each bought $25 million of the private sale, which was open to certain other existing investors.</p>\n<p>The direct sale was one of the largest such offerings by any company to date, according to Dealogic, and larger than each of Carvana’s three prior stock offerings. It boosted the outstanding publicly traded shares by 26%, diluting other shareholders.</p>\n<p>As the economy quickly bounced back, the company said the pandemic was an opportunity for Carvana’s online business model. Less than two months after the offering, Carvana’s shares had largely recovered and the company said in a letter to shareholders it was again seeing strong growth. The company sold more stock, this time to the public, at double the price paid by the Garcias.</p>\n<p>Shareholders filed suit in Delaware, alleging the earlier sale enriched the Garcias while cheating the company out of millions in fair value for their shares. “Carvana sold common stock at the worst possible time—and the Garcias benefited,” the complaint alleges.</p>\n<p>The Garcias’ ownership of Carvana decreased in the offering because of dilution and therefore wasn’t beneficial to the Garcias, the company spokeswoman said.</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>CEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana</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\">\nCEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 22:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehicles sit inside a Carvana vending machine in Frisco, Texas.\nAside from Jeff Bezos, Mark Zuckerberg ...</p>\n\n<a href=\"https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co."},"source_url":"https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156809990","content_text":"Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehicles sit inside a Carvana vending machine in Frisco, Texas.\nAside from Jeff Bezos, Mark Zuckerberg and members of Walmart Inc.’s Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona.\nCompany filings show Ernie Garcia II, the father of Carvana Co.’s chief executive officer, has sold more than $3.6 billion of stock since October. The sales amount to 16% of his holdings in the company. He has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business, according to company filings. Some of these benefits can come at the expense of other shareholders, according to the filings, a lawsuit, and corporate governance and tax analysts.\n\nThe company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017. Though Mr. Garcia II’s holdings allow him effective control of Carvana, he doesn’t hold a formal role at the company.\nWhen Carvana’s shares took off three years later, Ernie Garcia II cashed in. Since the start of 2020, only the founders of Amazon.com Inc. andFacebook Inc. and the combined scions of Walmart founder Sam Walton profited more from selling off stakes of their companies, according to insider trade analytics firm InsiderScore.\nThose other companies posted combined profits of more than $106 billion over the past six quarters. Carvana reported net losses of roughly half a billion dollars over the same period, and posted its first quarterly profit of $45 million this spring.\nA Carvana spokeswoman said the company has robust governance, operates in accordance with all rules and regulations and has delivered more than 2000% returns to its investors since its public offering.\nBoth Garcias declined to comment.\nErnest Garcia II, in light blue tie, on the floor of the New York Stock Exchange during Carvana’s initial public offering in 2017.\nWhen Carvana shares tumbled at the start of the Covid-19 pandemic, Mr. Garcia II bought Carvana stock in a private offering below the market price. When the shares doubled in two months, disgruntled shareholders sued the company. A complex tax agreement means Carvana is potentially on the hook to pay Mr. Garcia II the lion’s share of $1.1 billion, according to company filings.\n“The existing structure has allowed them to run this $60 billion public company as if it’s a family firm and for the family’s benefit,” said Daniel Taylor, a professor of accounting at the Wharton School who heads the school’s Forensic Analytics Lab. “It’s amazing,” he added.\nThe company’s securities filings warn investors about the structure. “The interests of the Garcia parties may not in all cases be aligned with your interests,” the company said. Carvana said its chief executive and his father, its largest shareholder, might try to boost their profits at a risk to shareholders.\nLike the shares of many digital retailers, Carvana’s soared during the pandemic, rising fourfold from March to September 2020. The next month, Mr. Garcia II started his recent string of sales. His first sale netted roughly $388 million, company filings show.\n\nMr. Garcia II began selling 30,000 shares a day in November under an automated share-sale program known as a 10b5-1 plan that he filed in June. These plans allow insiders to create predetermined selling plans to avoid appearances of trading on nonpublic information. On Nov. 4, he modified the plan, a filing shows. He sold another chunk of stock worth $478 million on Dec. 2, and for most of the month sold 50,000 shares daily as the modified plan took effect and the company’s share price topped $250.\nIn May, the 10b5-1 plan was modified again. As the company’s stock soared above $300 this summer, the selling increased to 60,000 shares on most days.\nHistorically, frequent modification of these plans has been concerning for regulators because it raises the chance that their owners are reacting to inside information, Mr. Taylor said. “I’ve studied 20,000 10b5-1 plans,” he said. “I can’t recall another of this size where there are modifications every six months.”\nThese 10b5-1 plans have long been controversial. Securities and Exchange Commission Chairman Gary Gensler has said the agency is drafting revisions to the rules governing the plans, including limiting the number of possible cancellations or modifications.\nMr. Garcia II became embroiled in one of the biggest financial scandals in recent decades when he took out a loan and facilitated a real-estate transaction that benefited Charles Keating’s Lincoln Savings & Loan Association before it collapsed. In 1990, Mr. Garcia II pleaded guilty to one count of bank fraud and was sentenced to three years probation.\nIn a 2013 securities filing Mr. Garcia II said he pleaded guilty after facing severe financial pressure and received a minimal $50 fine due to his cooperation with the investigation.\nSoon after the guilty plea, he bought a used-car dealership called Ugly Duckling and grew it into a sizable chain of “buy here, pay here” car lots that both sold cars and financed its own loans, usually to shoppers with poor credit.\nThe company went public in 1996. The stock tripled in its first year but later struggled. Mr. Garcia II took it private in 2002 and renamed it DriveTime Automotive Group. The company aborted another planned IPO in 2010.\nErnie Garcia III\nIn 2012, his son, Mr. Garcia III, started Carvana as a subsidiary of DriveTime focused on online sales. It was spun off, and went public in 2017.\nThe family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure—in which each share held by the Garcias counts for 10 votes compared with those available to the public. Even after selling billions of dollars worth of stock, Mr. Garcia II and his son control more than 85% of the company’s voting shares.\nDespite selling more than 24 million shares since the IPO, Mr. Garcia II still controls, or shares control with his son, Carvana shares worth more than $23 billion, according to company filings.\nLarge, publicly traded companies controlled by a small group of founders or early investors have become more common. About one in 10 companies on the New York Stock Exchange is a controlled company by the exchange’s definition, according to an assessment by ISS Corporate Solutions, an analytics firm providing corporate governance data to companies.\nWhen Carvana went public, it also created an arrangement called a tax receivable agreement that can benefit founders and early investors. These arrangements are common among certain types of IPOs, in which tax assets are created, the Carvana spokeswoman said.\nA tax receivable agreement is a financial transaction between the company going public and its early investors. Tax assets could be used by companies to reduce future tax bills. Under tax receivable agreements, early investors get most of the value of the tax assets. If the company uses the assets to reduce its tax bills, the company agrees to pay beneficiaries of the agreement 85% of that benefit in cash. As of June 30, the early investors would be owed $1.1 billion, mostly to Mr. Garcia II, under the arrangement, according to company filings.\nCritics say these deals privilege those investors over public shareholders. “Ordinarily, these tax savings would free up money for the company to use for operations or to return to shareholders,” said Robert Willens, a longtime Wall Street tax consultant. “The only people that benefit are the founders who negotiate these arrangements.”\nThe mostly unprofitable Carvana has yet to pay any meaningful federal corporate income taxes. The company’s agreement, however, means the company could be on the hook for future tax asset payments.\n“The structure creates a significant win for public shareholders by generating cash savings,” the company spokeswoman said.\nThe family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure.\nThe Garcias have also boosted their investments in the company, under favorable terms. When markets fell at the start of the Covid-19 pandemic, the company’s stock plunged and sales dropped for several weeks. In late March, the company sold $600 million worth of shares at an 8.2% discount to the market price at close the day before. The two men each bought $25 million of the private sale, which was open to certain other existing investors.\nThe direct sale was one of the largest such offerings by any company to date, according to Dealogic, and larger than each of Carvana’s three prior stock offerings. It boosted the outstanding publicly traded shares by 26%, diluting other shareholders.\nAs the economy quickly bounced back, the company said the pandemic was an opportunity for Carvana’s online business model. Less than two months after the offering, Carvana’s shares had largely recovered and the company said in a letter to shareholders it was again seeing strong growth. The company sold more stock, this time to the public, at double the price paid by the Garcias.\nShareholders filed suit in Delaware, alleging the earlier sale enriched the Garcias while cheating the company out of millions in fair value for their shares. “Carvana sold common stock at the worst possible time—and the Garcias benefited,” the complaint alleges.\nThe Garcias’ ownership of Carvana decreased in the offering because of dilution and therefore wasn’t beneficial to the Garcias, the company spokeswoman said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830597538,"gmtCreate":1629079837224,"gmtModify":1633687561517,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Look good","listText":"Look good","text":"Look good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830597538","repostId":"894859684","repostType":1,"repost":{"id":894859684,"gmtCreate":1628817757948,"gmtModify":1631888414962,"author":{"id":"3582175710040105","authorId":"3582175710040105","name":"Axekay","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582175710040105","authorIdStr":"3582175710040105"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","listText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","text":"$KEPPEL DC REIT(AJBU.SI)$more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","images":[{"img":"https://static.tigerbbs.com/94861182421b3bc787040e712f25d29c","width":"720","height":"2025"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894859684","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892549653,"gmtCreate":1628676522572,"gmtModify":1633745206181,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892549653","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103893308,"gmtCreate":1619763159504,"gmtModify":1631884328432,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Hope it gokd","listText":"Hope it gokd","text":"Hope it gokd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103893308","repostId":"1153490597","repostType":4,"repost":{"id":"1153490597","pubTimestamp":1619741154,"share":"https://www.laohu8.com/m/news/1153490597?lang=&edition=full","pubTime":"2021-04-30 08:05","market":"us","language":"en","title":"S&P 500 notches record close after strong earnings from Facebook and Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1153490597","media":"CNBC","summary":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yester","content":"<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.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>S&P 500 notches record close after strong earnings from Facebook and Apple</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\">\nS&P 500 notches record close after strong earnings from Facebook and Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html\">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","TWTR":"Twitter",".SPX":"S&P 500 Index","AAPL":"苹果",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153490597","content_text":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yesterday afternoon, said that sales jumped 54% during the quarter, with each product category seeing double-digit growth. The company also said it would increase its dividend by 7%, and authorized $90 billion in share buybacks. Still, Apple shares ended the day just under the flatline.“The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. “But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.Thursday marks President Joe Biden’s 100th day in office. On Wednesday evening, he made his first address to a joint session of Congress where he pushed his so-far popular agenda, which includes a $2 trillion infrastructure plan as well as a freshly unveiled, $1.8 trillion plan for families, children and students.Thursday is also the busiest day of the quarterly earnings season, with roughly 11% of the S&P 500 slated to provide quarterly updates.McDonald’s published its results before the opening bell and told investors that its sales have finally topped pre-pandemic levels. The Dow component also raised its outlook for systemwide sales growth. The stock added 1.2% at the close.Caterpillar, which also reported on Thursday, lost 2% while Merck dropped 4.4% following disappointing results. Amazon issued its first-quarter results shortlyafter market close. The e-commerce giant surpassed analysts’ expectations on earnings and revenue.Gilead Sciences, Twitter, U.S. Steel and Western Digital will also post results after the bell.Facebook’s revenue jumped 48%, driven by higher-priced ads, sending its stock up 7.3% and to a record. Qualcomm shares added 4.4% after reporting a 52% jump in revenue.Economic data released Thursday gave investors an update on the progress of the economic recovery.First-quarter GDP hit an annualized rate of 6.4%, according to a report published by the Bureau of Economic Analysis, a sign that the U.S. economy began 2021 with an accelerationof commercial activity. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.The Labor Department, meanwhile, reported that initial jobless claims last week totaled 553,000, just above the 528,000 estimate issued by Dow Jones.The Federal Reserve said Wednesday that it would hold interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there are some signs of froth in the market.“Rates remain unchanged for now and, despite improving economic data, taper talk remained off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.“As vaccination rates accelerate, employment strengthens, and expansive fiscal policy adds further support to household and business incomes, investors are now looking for signs of whether the central bank safety net could be withdrawn sooner than expected,” she added.Big Tech earningsAmazon sales surge 44% as it smashes earnings expectationsNio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip ShortagesTwitter stock plunges on user miss and low guidanceWestern Digital's quarterly results and outlook topped Wall Street estimatesGilead Sciences Q1 Earnings Beat EstimatesWireless-Chip Maker Skyworks Squeaks By Second-Quarter TargetsDexCom Surpasses Q1 Earnings and Revenue EstimatesUnited States Steel Q1 Earnings Surpass Estimates","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103893095,"gmtCreate":1619763121517,"gmtModify":1634210089767,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Wish Facebook jump next level","listText":"Wish Facebook jump next level","text":"Wish Facebook jump next level","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103893095","repostId":"1153490597","repostType":4,"repost":{"id":"1153490597","pubTimestamp":1619741154,"share":"https://www.laohu8.com/m/news/1153490597?lang=&edition=full","pubTime":"2021-04-30 08:05","market":"us","language":"en","title":"S&P 500 notches record close after strong earnings from Facebook and Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1153490597","media":"CNBC","summary":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yester","content":"<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.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>S&P 500 notches record close after strong earnings from Facebook and Apple</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\">\nS&P 500 notches record close after strong earnings from Facebook and Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html\">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","TWTR":"Twitter",".SPX":"S&P 500 Index","AAPL":"苹果",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153490597","content_text":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yesterday afternoon, said that sales jumped 54% during the quarter, with each product category seeing double-digit growth. The company also said it would increase its dividend by 7%, and authorized $90 billion in share buybacks. Still, Apple shares ended the day just under the flatline.“The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. “But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.Thursday marks President Joe Biden’s 100th day in office. On Wednesday evening, he made his first address to a joint session of Congress where he pushed his so-far popular agenda, which includes a $2 trillion infrastructure plan as well as a freshly unveiled, $1.8 trillion plan for families, children and students.Thursday is also the busiest day of the quarterly earnings season, with roughly 11% of the S&P 500 slated to provide quarterly updates.McDonald’s published its results before the opening bell and told investors that its sales have finally topped pre-pandemic levels. The Dow component also raised its outlook for systemwide sales growth. The stock added 1.2% at the close.Caterpillar, which also reported on Thursday, lost 2% while Merck dropped 4.4% following disappointing results. Amazon issued its first-quarter results shortlyafter market close. The e-commerce giant surpassed analysts’ expectations on earnings and revenue.Gilead Sciences, Twitter, U.S. Steel and Western Digital will also post results after the bell.Facebook’s revenue jumped 48%, driven by higher-priced ads, sending its stock up 7.3% and to a record. Qualcomm shares added 4.4% after reporting a 52% jump in revenue.Economic data released Thursday gave investors an update on the progress of the economic recovery.First-quarter GDP hit an annualized rate of 6.4%, according to a report published by the Bureau of Economic Analysis, a sign that the U.S. economy began 2021 with an accelerationof commercial activity. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.The Labor Department, meanwhile, reported that initial jobless claims last week totaled 553,000, just above the 528,000 estimate issued by Dow Jones.The Federal Reserve said Wednesday that it would hold interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there are some signs of froth in the market.“Rates remain unchanged for now and, despite improving economic data, taper talk remained off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.“As vaccination rates accelerate, employment strengthens, and expansive fiscal policy adds further support to household and business incomes, investors are now looking for signs of whether the central bank safety net could be withdrawn sooner than expected,” she added.Big Tech earningsAmazon sales surge 44% as it smashes earnings expectationsNio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip ShortagesTwitter stock plunges on user miss and low guidanceWestern Digital's quarterly results and outlook topped Wall Street estimatesGilead Sciences Q1 Earnings Beat EstimatesWireless-Chip Maker Skyworks Squeaks By Second-Quarter TargetsDexCom Surpasses Q1 Earnings and Revenue EstimatesUnited States Steel Q1 Earnings Surpass Estimates","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":103893095,"gmtCreate":1619763121517,"gmtModify":1634210089767,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Wish Facebook jump next level","listText":"Wish Facebook jump next level","text":"Wish Facebook jump next level","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103893095","repostId":"1153490597","repostType":4,"repost":{"id":"1153490597","pubTimestamp":1619741154,"share":"https://www.laohu8.com/m/news/1153490597?lang=&edition=full","pubTime":"2021-04-30 08:05","market":"us","language":"en","title":"S&P 500 notches record close after strong earnings from Facebook and Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1153490597","media":"CNBC","summary":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yester","content":"<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.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>S&P 500 notches record close after strong earnings from Facebook and Apple</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\">\nS&P 500 notches record close after strong earnings from Facebook and Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html\">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","TWTR":"Twitter",".SPX":"S&P 500 Index","AAPL":"苹果",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153490597","content_text":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yesterday afternoon, said that sales jumped 54% during the quarter, with each product category seeing double-digit growth. The company also said it would increase its dividend by 7%, and authorized $90 billion in share buybacks. Still, Apple shares ended the day just under the flatline.“The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. “But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.Thursday marks President Joe Biden’s 100th day in office. On Wednesday evening, he made his first address to a joint session of Congress where he pushed his so-far popular agenda, which includes a $2 trillion infrastructure plan as well as a freshly unveiled, $1.8 trillion plan for families, children and students.Thursday is also the busiest day of the quarterly earnings season, with roughly 11% of the S&P 500 slated to provide quarterly updates.McDonald’s published its results before the opening bell and told investors that its sales have finally topped pre-pandemic levels. The Dow component also raised its outlook for systemwide sales growth. The stock added 1.2% at the close.Caterpillar, which also reported on Thursday, lost 2% while Merck dropped 4.4% following disappointing results. Amazon issued its first-quarter results shortlyafter market close. The e-commerce giant surpassed analysts’ expectations on earnings and revenue.Gilead Sciences, Twitter, U.S. Steel and Western Digital will also post results after the bell.Facebook’s revenue jumped 48%, driven by higher-priced ads, sending its stock up 7.3% and to a record. Qualcomm shares added 4.4% after reporting a 52% jump in revenue.Economic data released Thursday gave investors an update on the progress of the economic recovery.First-quarter GDP hit an annualized rate of 6.4%, according to a report published by the Bureau of Economic Analysis, a sign that the U.S. economy began 2021 with an accelerationof commercial activity. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.The Labor Department, meanwhile, reported that initial jobless claims last week totaled 553,000, just above the 528,000 estimate issued by Dow Jones.The Federal Reserve said Wednesday that it would hold interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there are some signs of froth in the market.“Rates remain unchanged for now and, despite improving economic data, taper talk remained off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.“As vaccination rates accelerate, employment strengthens, and expansive fiscal policy adds further support to household and business incomes, investors are now looking for signs of whether the central bank safety net could be withdrawn sooner than expected,” she added.Big Tech earningsAmazon sales surge 44% as it smashes earnings expectationsNio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip ShortagesTwitter stock plunges on user miss and low guidanceWestern Digital's quarterly results and outlook topped Wall Street estimatesGilead Sciences Q1 Earnings Beat EstimatesWireless-Chip Maker Skyworks Squeaks By Second-Quarter TargetsDexCom Surpasses Q1 Earnings and Revenue EstimatesUnited States Steel Q1 Earnings Surpass Estimates","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885546866,"gmtCreate":1631805665455,"gmtModify":1632806065959,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885546866","repostId":"1170054866","repostType":4,"repost":{"id":"1170054866","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":1631803558,"share":"https://www.laohu8.com/m/news/1170054866?lang=&edition=full","pubTime":"2021-09-16 22:45","market":"us","language":"en","title":"DoorDash shares surged more than 6% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1170054866","media":"Tiger Newspress","summary":"DoorDash shares surged more than 6% in morning trading as Bank of America upgraded DoorDash to a buy","content":"<p>DoorDash shares surged more than 6% in morning trading&nbsp;as&nbsp;Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.</p>\n<p><img src=\"https://static.tigerbbs.com/874d52e3419e853f9158fb8a4f8c2fd9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Food delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law&nbsp;requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”</p>\n<p>Under the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”</p>\n<p>The company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.</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>DoorDash shares surged more than 6% in morning trading</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\">\nDoorDash shares surged more than 6% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-16 22:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DoorDash shares surged more than 6% in morning trading&nbsp;as&nbsp;Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.</p>\n<p><img src=\"https://static.tigerbbs.com/874d52e3419e853f9158fb8a4f8c2fd9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Food delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law&nbsp;requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”</p>\n<p>Under the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”</p>\n<p>The company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170054866","content_text":"DoorDash shares surged more than 6% in morning trading as Bank of America upgraded DoorDash to a buy rating.The firm’s bullish call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.\n\nFood delivery company DoorDash has filed yet another lawsuit against New York City,calling a new law requiring delivery companies to share customer data with restaurants “a shocking and invasive intrusion of consumers’ privacy.”\nUnder the law approved in July, third-party food delivery services in the city would have to share customers’ names, phone numbers, emails, and delivery addresses with a restaurant that fulfills a DoorDash order, unless the customer opts out. In its complaint, DoorDash argues that customers entrust DoorDash with sensitive data, “that they would not entrust to small businesses that do not have similar robust data safety and security protocol.”\nThe company added that in-person diners don’t typically expect to disclose sensitive personal information to restaurants. “Moreover, the Ordinance’s presumption that every customer consents to sharing their personal data—unless they specifically opt out on a per-order basis—flies in the face of prevailing privacy best practices,” the lawsuit states. And there are no guarantees that restaurants would be able to store customer data in a way that both complies with privacy laws and prevents unauthorized access, DoorDash argues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885546150,"gmtCreate":1631805642070,"gmtModify":1632806066083,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885546150","repostId":"1156809990","repostType":4,"repost":{"id":"1156809990","pubTimestamp":1631804316,"share":"https://www.laohu8.com/m/news/1156809990?lang=&edition=full","pubTime":"2021-09-16 22:58","market":"us","language":"en","title":"CEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana","url":"https://stock-news.laohu8.com/highlight/detail?id=1156809990","media":"The Wall Street Journal","summary":"Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehi","content":"<p>Selling spree from chief executive’s father highlights corporate structure that benefits family</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7600242d5dcbfc227840a21e680e6463\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Vehicles sit inside a Carvana vending machine in Frisco, Texas.</span></p>\n<p>Aside from&nbsp;Jeff Bezos, Mark Zuckerberg and members of&nbsp;Walmart&nbsp;Inc.’s&nbsp;Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona.</p>\n<p>Company filings show Ernie Garcia II, the father of Carvana Co.’s chief executive officer, has sold more than $3.6 billion of stock since October. The sales amount to 16% of his holdings in the company. He has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business, according to company filings. Some of these benefits can come at the expense of other shareholders, according to the filings, a lawsuit, and corporate governance and tax analysts.</p>\n<p><img src=\"https://static.tigerbbs.com/010ccc314f09f0e65cabaab7f1c23ea2\" tg-width=\"429\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p>\n<p>The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017. Though Mr. Garcia II’s holdings allow him effective control of Carvana, he doesn’t hold a formal role at the company.</p>\n<p>When Carvana’s shares took off three years later, Ernie Garcia II cashed in. Since the start of 2020, only the founders of&nbsp;Amazon.com&nbsp;Inc.&nbsp;andFacebook&nbsp;Inc.&nbsp;and the combined scions of Walmart founder Sam Walton profited more from selling off stakes of their companies, according to insider trade analytics firm InsiderScore.</p>\n<p>Those other companies posted combined profits of more than $106 billion over the past six quarters. Carvana reported net losses of roughly half a billion dollars over the same period, and posted its first quarterly profit of $45 million this spring.</p>\n<p>A Carvana spokeswoman said the company has robust governance, operates in accordance with all rules and regulations and has delivered more than 2000% returns to its investors since its public offering.</p>\n<p>Both Garcias declined to comment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a9740a93974f5dfe4fb1c5419bc7ec3\" tg-width=\"1050\" tg-height=\"700\" width=\"100%\" height=\"auto\"><span>Ernest Garcia II, in light blue tie, on the floor of the New York Stock Exchange during Carvana’s initial public offering in 2017.</span></p>\n<p>When Carvana shares tumbled at the start of the Covid-19 pandemic, Mr. Garcia II bought Carvana stock in a private offering below the market price. When the shares doubled in two months, disgruntled shareholders sued the company. A complex tax agreement means Carvana is potentially on the hook to pay Mr. Garcia II the lion’s share of $1.1 billion, according to company filings.</p>\n<p>“The existing structure has allowed them to run this $60 billion public company as if it’s a family firm and for the family’s benefit,” said Daniel Taylor, a professor of accounting at the Wharton School who heads the school’s Forensic Analytics Lab.&nbsp;“It’s amazing,” he added.</p>\n<p>The company’s securities filings warn investors about the structure. “The interests of the Garcia parties may not in all cases be aligned with your interests,” the company said. Carvana said its chief executive and his father, its largest shareholder, might try to boost their profits at a risk to shareholders.</p>\n<p>Like the shares of many digital retailers, Carvana’s soared during the pandemic, rising fourfold from March to September 2020. The next month, Mr. Garcia II started his recent string of sales. His first sale netted roughly $388 million, company filings show.</p>\n<p><img src=\"https://static.tigerbbs.com/c01a10efdbc8f21dfce43cf7da94f25c\" tg-width=\"431\" tg-height=\"549\" width=\"100%\" height=\"auto\"></p>\n<p>Mr. Garcia II began selling 30,000 shares a day in November under an automated share-sale program known as a 10b5-1 plan that he filed in June. These plans allow insiders to create predetermined selling plans to avoid appearances of trading on nonpublic information. On Nov. 4, he modified the plan, a filing shows. He sold another chunk of stock worth $478 million on Dec. 2, and for most of the month sold 50,000 shares daily as the modified plan took effect and the company’s share price topped $250.</p>\n<p>In May, the 10b5-1 plan was modified again. As the company’s stock soared above $300 this summer, the selling increased to 60,000 shares on most days.</p>\n<p>Historically, frequent modification of these plans has been concerning for regulators because it raises the chance that their owners are reacting to inside information, Mr. Taylor said. “I’ve studied 20,000 10b5-1 plans,” he said. “I can’t recall another of this size where there are modifications every six months.”</p>\n<p>These 10b5-1 plans&nbsp;have long been controversial. Securities and Exchange Commission Chairman Gary Gensler has said the agency is&nbsp;drafting revisions to the rules&nbsp;governing the plans, including limiting the number of possible cancellations or modifications.</p>\n<p>Mr. Garcia II became embroiled in one of the biggest financial scandals in recent decades when he took out a loan and facilitated a real-estate transaction that benefited Charles Keating’s Lincoln Savings &amp; Loan Association before it collapsed. In 1990, Mr. Garcia II pleaded guilty to one count of bank fraud and was sentenced to three years probation.</p>\n<p>In a 2013 securities filing Mr. Garcia II said he pleaded guilty after facing severe financial pressure and received a minimal $50 fine due to his cooperation with the investigation.</p>\n<p>Soon after the guilty plea, he bought a used-car dealership called Ugly Duckling and grew it into a sizable chain of “buy here, pay here” car lots that both sold cars and financed its own loans, usually to shoppers with poor credit.</p>\n<p>The company went public in 1996. The stock tripled in its first year but later struggled. Mr. Garcia II took it private in 2002 and renamed it DriveTime Automotive Group. The company aborted another planned IPO in 2010.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c4d59b7998b62574a5869393f2b34b8\" tg-width=\"300\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Ernie Garcia III</span></p>\n<p>In 2012, his son, Mr. Garcia III, started Carvana as a subsidiary of DriveTime focused on online sales. It was spun off, and went public in 2017.</p>\n<p>The family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure—in which each share held by the Garcias counts for 10 votes compared with those available to the public. Even after selling billions of dollars worth of stock, Mr. Garcia II and his son control more than 85% of the company’s voting shares.</p>\n<p>Despite selling more than 24 million shares since the IPO, Mr. Garcia II still controls, or shares control with his son, Carvana shares worth more than $23 billion, according to company filings.</p>\n<p>Large, publicly traded companies controlled by a small group of founders or early investors have become more common. About one in 10 companies on the New York Stock Exchange is a controlled company by the exchange’s definition, according to an assessment by ISS Corporate Solutions, an analytics firm providing corporate governance data to companies.</p>\n<p>When Carvana went public, it also created an arrangement called a tax receivable agreement that can benefit founders and early investors. These arrangements are common among certain types of IPOs, in which tax assets are created, the Carvana spokeswoman said.</p>\n<p>A tax receivable agreement is a financial transaction between the company going public and its early investors. Tax assets could be used by companies to reduce future tax bills. Under tax receivable agreements, early investors get most of the value of the tax assets. If the company uses the assets to reduce its tax bills, the company agrees to pay beneficiaries of the agreement 85% of that benefit in cash. As of June 30, the early investors would be owed $1.1 billion, mostly to Mr. Garcia II, under the arrangement, according to company filings.</p>\n<p>Critics say these deals privilege those investors over public shareholders. “Ordinarily, these tax savings would free up money for the company to use for operations or to return to shareholders,” said Robert Willens, a longtime Wall Street tax consultant. “The only people that benefit are the founders who negotiate these arrangements.”</p>\n<p>The mostly unprofitable Carvana has yet to pay any meaningful federal corporate income taxes. The company’s agreement, however, means the company could be on the hook for future tax asset payments.</p>\n<p>“The structure creates a significant win for public shareholders by generating cash savings,” the company spokeswoman said.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5eaf420818c76b85abe0e945aa867ead\" tg-width=\"1050\" tg-height=\"701\" width=\"100%\" height=\"auto\"><span>The family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure.</span></p>\n<p>The Garcias have also boosted their investments in the company, under favorable terms. When markets fell at the start of the Covid-19 pandemic, the company’s stock plunged and sales dropped for several weeks. In late March, the company sold $600 million worth of shares at an 8.2% discount to the market price at close the day before. The two men each bought $25 million of the private sale, which was open to certain other existing investors.</p>\n<p>The direct sale was one of the largest such offerings by any company to date, according to Dealogic, and larger than each of Carvana’s three prior stock offerings. It boosted the outstanding publicly traded shares by 26%, diluting other shareholders.</p>\n<p>As the economy quickly bounced back, the company said the pandemic was an opportunity for Carvana’s online business model. Less than two months after the offering, Carvana’s shares had largely recovered and the company said in a letter to shareholders it was again seeing strong growth. The company sold more stock, this time to the public, at double the price paid by the Garcias.</p>\n<p>Shareholders filed suit in Delaware, alleging the earlier sale enriched the Garcias while cheating the company out of millions in fair value for their shares. “Carvana sold common stock at the worst possible time—and the Garcias benefited,” the complaint alleges.</p>\n<p>The Garcias’ ownership of Carvana decreased in the offering because of dilution and therefore wasn’t beneficial to the Garcias, the company spokeswoman said.</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>CEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana</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\">\nCEO’s Dad Gets a $3.6 Billion Stock Windfall at Carvana\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 22:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehicles sit inside a Carvana vending machine in Frisco, Texas.\nAside from Jeff Bezos, Mark Zuckerberg ...</p>\n\n<a href=\"https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVNA":"Carvana Co."},"source_url":"https://www.wsj.com/articles/ceos-dad-gets-a-3-6-billion-stock-windfall-at-carvana-11631791801?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156809990","content_text":"Selling spree from chief executive’s father highlights corporate structure that benefits family\nVehicles sit inside a Carvana vending machine in Frisco, Texas.\nAside from Jeff Bezos, Mark Zuckerberg and members of Walmart Inc.’s Walton family, no individual has earned more from selling stock in their company over the past year than a used-car magnate from Arizona.\nCompany filings show Ernie Garcia II, the father of Carvana Co.’s chief executive officer, has sold more than $3.6 billion of stock since October. The sales amount to 16% of his holdings in the company. He has benefited from an ownership structure that confers benefits on him and his family and allows them to maintain control of the business, according to company filings. Some of these benefits can come at the expense of other shareholders, according to the filings, a lawsuit, and corporate governance and tax analysts.\n\nThe company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017. Though Mr. Garcia II’s holdings allow him effective control of Carvana, he doesn’t hold a formal role at the company.\nWhen Carvana’s shares took off three years later, Ernie Garcia II cashed in. Since the start of 2020, only the founders of Amazon.com Inc. andFacebook Inc. and the combined scions of Walmart founder Sam Walton profited more from selling off stakes of their companies, according to insider trade analytics firm InsiderScore.\nThose other companies posted combined profits of more than $106 billion over the past six quarters. Carvana reported net losses of roughly half a billion dollars over the same period, and posted its first quarterly profit of $45 million this spring.\nA Carvana spokeswoman said the company has robust governance, operates in accordance with all rules and regulations and has delivered more than 2000% returns to its investors since its public offering.\nBoth Garcias declined to comment.\nErnest Garcia II, in light blue tie, on the floor of the New York Stock Exchange during Carvana’s initial public offering in 2017.\nWhen Carvana shares tumbled at the start of the Covid-19 pandemic, Mr. Garcia II bought Carvana stock in a private offering below the market price. When the shares doubled in two months, disgruntled shareholders sued the company. A complex tax agreement means Carvana is potentially on the hook to pay Mr. Garcia II the lion’s share of $1.1 billion, according to company filings.\n“The existing structure has allowed them to run this $60 billion public company as if it’s a family firm and for the family’s benefit,” said Daniel Taylor, a professor of accounting at the Wharton School who heads the school’s Forensic Analytics Lab. “It’s amazing,” he added.\nThe company’s securities filings warn investors about the structure. “The interests of the Garcia parties may not in all cases be aligned with your interests,” the company said. Carvana said its chief executive and his father, its largest shareholder, might try to boost their profits at a risk to shareholders.\nLike the shares of many digital retailers, Carvana’s soared during the pandemic, rising fourfold from March to September 2020. The next month, Mr. Garcia II started his recent string of sales. His first sale netted roughly $388 million, company filings show.\n\nMr. Garcia II began selling 30,000 shares a day in November under an automated share-sale program known as a 10b5-1 plan that he filed in June. These plans allow insiders to create predetermined selling plans to avoid appearances of trading on nonpublic information. On Nov. 4, he modified the plan, a filing shows. He sold another chunk of stock worth $478 million on Dec. 2, and for most of the month sold 50,000 shares daily as the modified plan took effect and the company’s share price topped $250.\nIn May, the 10b5-1 plan was modified again. As the company’s stock soared above $300 this summer, the selling increased to 60,000 shares on most days.\nHistorically, frequent modification of these plans has been concerning for regulators because it raises the chance that their owners are reacting to inside information, Mr. Taylor said. “I’ve studied 20,000 10b5-1 plans,” he said. “I can’t recall another of this size where there are modifications every six months.”\nThese 10b5-1 plans have long been controversial. Securities and Exchange Commission Chairman Gary Gensler has said the agency is drafting revisions to the rules governing the plans, including limiting the number of possible cancellations or modifications.\nMr. Garcia II became embroiled in one of the biggest financial scandals in recent decades when he took out a loan and facilitated a real-estate transaction that benefited Charles Keating’s Lincoln Savings & Loan Association before it collapsed. In 1990, Mr. Garcia II pleaded guilty to one count of bank fraud and was sentenced to three years probation.\nIn a 2013 securities filing Mr. Garcia II said he pleaded guilty after facing severe financial pressure and received a minimal $50 fine due to his cooperation with the investigation.\nSoon after the guilty plea, he bought a used-car dealership called Ugly Duckling and grew it into a sizable chain of “buy here, pay here” car lots that both sold cars and financed its own loans, usually to shoppers with poor credit.\nThe company went public in 1996. The stock tripled in its first year but later struggled. Mr. Garcia II took it private in 2002 and renamed it DriveTime Automotive Group. The company aborted another planned IPO in 2010.\nErnie Garcia III\nIn 2012, his son, Mr. Garcia III, started Carvana as a subsidiary of DriveTime focused on online sales. It was spun off, and went public in 2017.\nThe family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure—in which each share held by the Garcias counts for 10 votes compared with those available to the public. Even after selling billions of dollars worth of stock, Mr. Garcia II and his son control more than 85% of the company’s voting shares.\nDespite selling more than 24 million shares since the IPO, Mr. Garcia II still controls, or shares control with his son, Carvana shares worth more than $23 billion, according to company filings.\nLarge, publicly traded companies controlled by a small group of founders or early investors have become more common. About one in 10 companies on the New York Stock Exchange is a controlled company by the exchange’s definition, according to an assessment by ISS Corporate Solutions, an analytics firm providing corporate governance data to companies.\nWhen Carvana went public, it also created an arrangement called a tax receivable agreement that can benefit founders and early investors. These arrangements are common among certain types of IPOs, in which tax assets are created, the Carvana spokeswoman said.\nA tax receivable agreement is a financial transaction between the company going public and its early investors. Tax assets could be used by companies to reduce future tax bills. Under tax receivable agreements, early investors get most of the value of the tax assets. If the company uses the assets to reduce its tax bills, the company agrees to pay beneficiaries of the agreement 85% of that benefit in cash. As of June 30, the early investors would be owed $1.1 billion, mostly to Mr. Garcia II, under the arrangement, according to company filings.\nCritics say these deals privilege those investors over public shareholders. “Ordinarily, these tax savings would free up money for the company to use for operations or to return to shareholders,” said Robert Willens, a longtime Wall Street tax consultant. “The only people that benefit are the founders who negotiate these arrangements.”\nThe mostly unprofitable Carvana has yet to pay any meaningful federal corporate income taxes. The company’s agreement, however, means the company could be on the hook for future tax asset payments.\n“The structure creates a significant win for public shareholders by generating cash savings,” the company spokeswoman said.\nThe family’s stake gives it almost complete control over the company because of Carvana’s dual-share structure.\nThe Garcias have also boosted their investments in the company, under favorable terms. When markets fell at the start of the Covid-19 pandemic, the company’s stock plunged and sales dropped for several weeks. In late March, the company sold $600 million worth of shares at an 8.2% discount to the market price at close the day before. The two men each bought $25 million of the private sale, which was open to certain other existing investors.\nThe direct sale was one of the largest such offerings by any company to date, according to Dealogic, and larger than each of Carvana’s three prior stock offerings. It boosted the outstanding publicly traded shares by 26%, diluting other shareholders.\nAs the economy quickly bounced back, the company said the pandemic was an opportunity for Carvana’s online business model. Less than two months after the offering, Carvana’s shares had largely recovered and the company said in a letter to shareholders it was again seeing strong growth. The company sold more stock, this time to the public, at double the price paid by the Garcias.\nShareholders filed suit in Delaware, alleging the earlier sale enriched the Garcias while cheating the company out of millions in fair value for their shares. “Carvana sold common stock at the worst possible time—and the Garcias benefited,” the complaint alleges.\nThe Garcias’ ownership of Carvana decreased in the offering because of dilution and therefore wasn’t beneficial to the Garcias, the company spokeswoman said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830597538,"gmtCreate":1629079837224,"gmtModify":1633687561517,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Look good","listText":"Look good","text":"Look good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830597538","repostId":"894859684","repostType":1,"repost":{"id":894859684,"gmtCreate":1628817757948,"gmtModify":1631888414962,"author":{"id":"3582175710040105","authorId":"3582175710040105","name":"Axekay","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582175710040105","authorIdStr":"3582175710040105"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","listText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","text":"$KEPPEL DC REIT(AJBU.SI)$more shares are issued to fund the expansion of the new data centre. In the long term, this is a good sign since the company is growing / expanding. Buy more!","images":[{"img":"https://static.tigerbbs.com/94861182421b3bc787040e712f25d29c","width":"720","height":"2025"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894859684","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103893308,"gmtCreate":1619763159504,"gmtModify":1631884328432,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Hope it gokd","listText":"Hope it gokd","text":"Hope it gokd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103893308","repostId":"1153490597","repostType":4,"repost":{"id":"1153490597","pubTimestamp":1619741154,"share":"https://www.laohu8.com/m/news/1153490597?lang=&edition=full","pubTime":"2021-04-30 08:05","market":"us","language":"en","title":"S&P 500 notches record close after strong earnings from Facebook and Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1153490597","media":"CNBC","summary":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yester","content":"<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.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>S&P 500 notches record close after strong earnings from Facebook and Apple</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\">\nS&P 500 notches record close after strong earnings from Facebook and Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html\">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","TWTR":"Twitter",".SPX":"S&P 500 Index","AAPL":"苹果",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/04/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153490597","content_text":"The S&P 500 closed at record levels on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook.The Dow Jones Industrial Average ended the day up 239.98 points, or 0.7%, at 34,060.36. The S&P 500 advanced just under 0.7% to finish the day at 4,211.47, a new closing high.The tech-heavy Nasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2% to end the session at 14,082.55.Apple, which reported earnings yesterday afternoon, said that sales jumped 54% during the quarter, with each product category seeing double-digit growth. The company also said it would increase its dividend by 7%, and authorized $90 billion in share buybacks. Still, Apple shares ended the day just under the flatline.“The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. “But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.Thursday marks President Joe Biden’s 100th day in office. On Wednesday evening, he made his first address to a joint session of Congress where he pushed his so-far popular agenda, which includes a $2 trillion infrastructure plan as well as a freshly unveiled, $1.8 trillion plan for families, children and students.Thursday is also the busiest day of the quarterly earnings season, with roughly 11% of the S&P 500 slated to provide quarterly updates.McDonald’s published its results before the opening bell and told investors that its sales have finally topped pre-pandemic levels. The Dow component also raised its outlook for systemwide sales growth. The stock added 1.2% at the close.Caterpillar, which also reported on Thursday, lost 2% while Merck dropped 4.4% following disappointing results. Amazon issued its first-quarter results shortlyafter market close. The e-commerce giant surpassed analysts’ expectations on earnings and revenue.Gilead Sciences, Twitter, U.S. Steel and Western Digital will also post results after the bell.Facebook’s revenue jumped 48%, driven by higher-priced ads, sending its stock up 7.3% and to a record. Qualcomm shares added 4.4% after reporting a 52% jump in revenue.Economic data released Thursday gave investors an update on the progress of the economic recovery.First-quarter GDP hit an annualized rate of 6.4%, according to a report published by the Bureau of Economic Analysis, a sign that the U.S. economy began 2021 with an accelerationof commercial activity. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.The Labor Department, meanwhile, reported that initial jobless claims last week totaled 553,000, just above the 528,000 estimate issued by Dow Jones.The Federal Reserve said Wednesday that it would hold interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there are some signs of froth in the market.“Rates remain unchanged for now and, despite improving economic data, taper talk remained off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.“As vaccination rates accelerate, employment strengthens, and expansive fiscal policy adds further support to household and business incomes, investors are now looking for signs of whether the central bank safety net could be withdrawn sooner than expected,” she added.Big Tech earningsAmazon sales surge 44% as it smashes earnings expectationsNio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip ShortagesTwitter stock plunges on user miss and low guidanceWestern Digital's quarterly results and outlook topped Wall Street estimatesGilead Sciences Q1 Earnings Beat EstimatesWireless-Chip Maker Skyworks Squeaks By Second-Quarter TargetsDexCom Surpasses Q1 Earnings and Revenue EstimatesUnited States Steel Q1 Earnings Surpass Estimates","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885409247,"gmtCreate":1631806899689,"gmtModify":1632806054280,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885409247","repostId":"1187895428","repostType":4,"repost":{"id":"1187895428","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1631805240,"share":"https://www.laohu8.com/m/news/1187895428?lang=&edition=full","pubTime":"2021-09-16 23:14","market":"us","language":"en","title":"Why Palantir Shares Are Trading Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1187895428","media":"Benzinga","summary":"Palantir Technologies is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.The average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already approaching 30 million less than an hour into trading Thursday.Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over","content":"<p><b>Palantir Technologies</b>&nbsp;is trading higher Thursday morning on above-average volume&nbsp;amid increased retail investor interest in the stock on social media.</p>\n<p><img src=\"https://static.tigerbbs.com/8ab0249e536a33b1fd6c306c047556b8\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n<p>The average session volume is about 42 million&nbsp;over a 100-day period. Palantir's daily trading volume was already approaching 30&nbsp;million less than an hour into trading Thursday.</p>\n<p>Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.</p>\n<p>Palantir has continually said that it expects&nbsp;revenue growth of 30% or greater&nbsp;through 2025.</p>\n<p>The company makes products for human-driven analysis of real-world data.</p>\n<p><b>PLTR Price Action:</b>Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.</p>\n<p>The stock was up 5% at $28.45 at time of publication.</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>Why Palantir Shares Are Trading Higher Today</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\">\nWhy Palantir Shares Are Trading Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-16 23:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Palantir Technologies</b>&nbsp;is trading higher Thursday morning on above-average volume&nbsp;amid increased retail investor interest in the stock on social media.</p>\n<p><img src=\"https://static.tigerbbs.com/8ab0249e536a33b1fd6c306c047556b8\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n<p>The average session volume is about 42 million&nbsp;over a 100-day period. Palantir's daily trading volume was already approaching 30&nbsp;million less than an hour into trading Thursday.</p>\n<p>Palantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.</p>\n<p>Palantir has continually said that it expects&nbsp;revenue growth of 30% or greater&nbsp;through 2025.</p>\n<p>The company makes products for human-driven analysis of real-world data.</p>\n<p><b>PLTR Price Action:</b>Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.</p>\n<p>The stock was up 5% at $28.45 at time of publication.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187895428","content_text":"Palantir Technologies is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.\n\nThe average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already approaching 30 million less than an hour into trading Thursday.\nPalantir was one the top two trending stocks on Stocktwits at publication time. The stock was among the top five most mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.\nPalantir has continually said that it expects revenue growth of 30% or greater through 2025.\nThe company makes products for human-driven analysis of real-world data.\nPLTR Price Action:Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.\nThe stock was up 5% at $28.45 at time of publication.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885545897,"gmtCreate":1631805768319,"gmtModify":1632806064072,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885545897","repostId":"1174542704","repostType":4,"repost":{"id":"1174542704","pubTimestamp":1631805742,"share":"https://www.laohu8.com/m/news/1174542704?lang=&edition=full","pubTime":"2021-09-16 23:22","market":"us","language":"en","title":"Vinco Ventures Stock Is Having a Great Run, But the Risk Is Significant","url":"https://stock-news.laohu8.com/highlight/detail?id=1174542704","media":"InvestorPlace","summary":"Only buy BBIG stock with money you can afford to lose","content":"<p>I’ve been writing about investments since 2004. Rarely have I seen a press release like the one<b>Vinco Ventures</b>(NASDAQ:<b><u>BBIG</u></b>) sent out to announce its annual proxy details for&nbsp;owners of BBIG stock.</p>\n<p>So riveting was its press release,<i>InvestorPlace’s</i>Chris MacDonald discussed the seven most important things to know about its&nbsp;corporate presentation&nbsp;that Vinco included in its proxy.</p>\n<p>A total of six pages, excluding the cover page and legalese at the end,the presentation&nbsp;boosted Vinco Ventures stock by more than 10% over the next two trading days.</p>\n<p>As I write this, the company’s stock has cooled off a little but is still much higher than its $2 price a month ago. BBIG trades today at just above $8.</p>\n<p>The last time&nbsp;I wrote about BBIG&nbsp;was at the beginning of August. I called it “a very big dog with fleas.”</p>\n<p>While I shake my head at the insanity of the current markets, Vinco’s management seems to be slicing and dicing their way to shareholder riches.</p>\n<p>Can its winning streak last?</p>\n<p><b>The Latest Hysteria Surrounding BBIG Stock</b></p>\n<p>As my colleague mentioned in his Sep. 8 article, Vinco plans to spin off several of its assets held by its Emmersive Entertainment LLC unit into a separately traded public company called&nbsp;<b>Cryptyde</b>.</p>\n<p>It will focus on acquisitions related to blockchain technologies. It will also hold the company’s E-NFT tokenization platform.</p>\n<p>If you go to the&nbsp;E-NFT website, you’ll see that Emmersive Entertainment thinks very highly of itself and E-NFT.</p>\n<p>“The E-NFT is the next NFT market disruptor, offering non-fungible art and memorabilia in a way never before seen by utilizing our unrivaled creative team and programming prowess.”</p>\n<p>I’m sure everyone behind Emmersive are fine people.</p>\n<p>However, I’m struggling to understand why the company didn’t issue a separate press release with the update on what’s happening with Emmersive’s spinout. It’s almost as if Vinco understood that it wasn’t introducing anything new to investors, so the proxy release was an excellent excuse to string shareholders along.</p>\n<p><b>The Emmersive Opportunity</b></p>\n<p>Vinco previously announced in June that it was planning to spin out Emmersive. It’s right there in its June 24&nbsp;press release.</p>\n<p>“This is a great opportunity for the shareholders of record on the effective date,” Vinco CEO Christopher Ferguson said in June. “The technology that Emmersive continues to develop is I believe industry changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’”</p>\n<p>The funny thing is, it only acquired Emmersive in April in an&nbsp;all-stock transaction&nbsp;that saw Vinco issue one million preferred membership units to Emmersive’s shareholders that they could convert into one million BBIG shares.</p>\n<p>In addition, the Emmersive management had four earnout targets worth an additional four million conditional preferred units that ultimately could be converted into four million Vinco shares.</p>\n<p>Assuming all the units convert to shares, Immersive was acquired for approximately $52 million at current prices. However, at the time of the acquisition, the preferred units and conditional preferred units were $2.1 million and $5.3 million, respectively.</p>\n<p>On paper, it paid $7.4 million, but the ultimate cost could be much higher. And that’s for a business with almost no revenue to speak of.</p>\n<p><b>The Bottom Line</b></p>\n<p>Vinco currently has a trailing 12-month revenue of&nbsp;$10.5 million. Based on a market capitalization of $1.09 billion [104.06 million&nbsp;shares outstanding multiplied by $10.44 share price], it trades at 104x sales.</p>\n<p>Under most circumstances, I would recommend avoiding this multiple because the odds of a company living up to those expectations are unlikely.</p>\n<p>However, the fact that Hudson Bay Capital Management —13F assets&nbsp;under management over $8 billion — has&nbsp;lent the company&nbsp;well over $120 million in 2021, I can see why investors have been piling into BBIG stock.</p>\n<p>I’m 100% certain I wouldn’t invest in this highly speculative stock. Still, for those who can afford to lose their entire investment, Vinco management appears to be slicing and dicing its way to increased shareholder value.</p>\n<p>Whether they turn out to be posers will only be answered with time.</p>","source":"lsy1606302653667","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>Vinco Ventures Stock Is Having a Great Run, But the Risk Is Significant</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\">\nVinco Ventures Stock Is Having a Great Run, But the Risk Is Significant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I’ve been writing about investments since 2004. Rarely have I seen a press release like the oneVinco Ventures(NASDAQ:BBIG) sent out to announce its annual proxy details for owners of BBIG stock.\nSo ...</p>\n\n<a href=\"https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBIG":"Vinco Ventures, Inc."},"source_url":"https://investorplace.com/2021/09/bbig-stock-is-having-a-great-run-but-the-risk-is-significant/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174542704","content_text":"I’ve been writing about investments since 2004. Rarely have I seen a press release like the oneVinco Ventures(NASDAQ:BBIG) sent out to announce its annual proxy details for owners of BBIG stock.\nSo riveting was its press release,InvestorPlace’sChris MacDonald discussed the seven most important things to know about its corporate presentation that Vinco included in its proxy.\nA total of six pages, excluding the cover page and legalese at the end,the presentation boosted Vinco Ventures stock by more than 10% over the next two trading days.\nAs I write this, the company’s stock has cooled off a little but is still much higher than its $2 price a month ago. BBIG trades today at just above $8.\nThe last time I wrote about BBIG was at the beginning of August. I called it “a very big dog with fleas.”\nWhile I shake my head at the insanity of the current markets, Vinco’s management seems to be slicing and dicing their way to shareholder riches.\nCan its winning streak last?\nThe Latest Hysteria Surrounding BBIG Stock\nAs my colleague mentioned in his Sep. 8 article, Vinco plans to spin off several of its assets held by its Emmersive Entertainment LLC unit into a separately traded public company called Cryptyde.\nIt will focus on acquisitions related to blockchain technologies. It will also hold the company’s E-NFT tokenization platform.\nIf you go to the E-NFT website, you’ll see that Emmersive Entertainment thinks very highly of itself and E-NFT.\n“The E-NFT is the next NFT market disruptor, offering non-fungible art and memorabilia in a way never before seen by utilizing our unrivaled creative team and programming prowess.”\nI’m sure everyone behind Emmersive are fine people.\nHowever, I’m struggling to understand why the company didn’t issue a separate press release with the update on what’s happening with Emmersive’s spinout. It’s almost as if Vinco understood that it wasn’t introducing anything new to investors, so the proxy release was an excellent excuse to string shareholders along.\nThe Emmersive Opportunity\nVinco previously announced in June that it was planning to spin out Emmersive. It’s right there in its June 24 press release.\n“This is a great opportunity for the shareholders of record on the effective date,” Vinco CEO Christopher Ferguson said in June. “The technology that Emmersive continues to develop is I believe industry changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’”\nThe funny thing is, it only acquired Emmersive in April in an all-stock transaction that saw Vinco issue one million preferred membership units to Emmersive’s shareholders that they could convert into one million BBIG shares.\nIn addition, the Emmersive management had four earnout targets worth an additional four million conditional preferred units that ultimately could be converted into four million Vinco shares.\nAssuming all the units convert to shares, Immersive was acquired for approximately $52 million at current prices. However, at the time of the acquisition, the preferred units and conditional preferred units were $2.1 million and $5.3 million, respectively.\nOn paper, it paid $7.4 million, but the ultimate cost could be much higher. And that’s for a business with almost no revenue to speak of.\nThe Bottom Line\nVinco currently has a trailing 12-month revenue of $10.5 million. Based on a market capitalization of $1.09 billion [104.06 million shares outstanding multiplied by $10.44 share price], it trades at 104x sales.\nUnder most circumstances, I would recommend avoiding this multiple because the odds of a company living up to those expectations are unlikely.\nHowever, the fact that Hudson Bay Capital Management —13F assets under management over $8 billion — has lent the company well over $120 million in 2021, I can see why investors have been piling into BBIG stock.\nI’m 100% certain I wouldn’t invest in this highly speculative stock. Still, for those who can afford to lose their entire investment, Vinco management appears to be slicing and dicing its way to increased shareholder value.\nWhether they turn out to be posers will only be answered with time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885542477,"gmtCreate":1631805744199,"gmtModify":1632806064721,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Try up up up","listText":"Try up up up","text":"Try up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885542477","repostId":"1152252168","repostType":4,"repost":{"id":"1152252168","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":1631799182,"share":"https://www.laohu8.com/m/news/1152252168?lang=&edition=full","pubTime":"2021-09-16 21:33","market":"us","language":"en","title":"Dow inches higher after retail sales post surprise increase in August","url":"https://stock-news.laohu8.com/highlight/detail?id=1152252168","media":"Tiger Newspress","summary":"The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-ex","content":"<p>The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.</p>\n<p>The Dow added about 35 points, or 0.1%. The S&amp;P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3363580ae9785618307c340843b4f274\" tg-width=\"1069\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p>August retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.</p>\n<p>Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.</p>\n<p>Despite a rebound on Wednesday, the S&amp;P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&amp;P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.</p>\n<p>History is also not on the market's side as September tends to be a typically negative month for stocks. The S&amp;P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.</p>\n<p>Friday&nbsp;begins a particularly weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.</p>\n<p>\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.</p>\n<p>Another reason why the back half of September could be volatile is due to so-called&nbsp;quadruple witching&nbsp;occurring at the end of the week as stock and index futures and options are set to expire on the same day.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow inches higher after retail sales post surprise increase in August</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow inches higher after retail sales post surprise increase in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-16 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.</p>\n<p>The Dow added about 35 points, or 0.1%. The S&amp;P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3363580ae9785618307c340843b4f274\" tg-width=\"1069\" tg-height=\"426\" referrerpolicy=\"no-referrer\"></p>\n<p>August retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.</p>\n<p>Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.</p>\n<p>Despite a rebound on Wednesday, the S&amp;P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&amp;P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.</p>\n<p>History is also not on the market's side as September tends to be a typically negative month for stocks. The S&amp;P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.</p>\n<p>Friday&nbsp;begins a particularly weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.</p>\n<p>\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.</p>\n<p>Another reason why the back half of September could be volatile is due to so-called&nbsp;quadruple witching&nbsp;occurring at the end of the week as stock and index futures and options are set to expire on the same day.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152252168","content_text":"The Dow Jones Industrial Average inched slightly higher Thursday after the release of better-than-expected August retail sales, but the latest weekly jobless claims report pointed to a mixed economic picture.\nThe Dow added about 35 points, or 0.1%. The S&P 500 traded near the flatline and the Nasdaq Composite shed 0.3%.\n\nAugust retail sales rose 0.7% from the month prior, surprising the market. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.\nMeanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expect a total of 320,000 initial claims.\nDespite a rebound on Wednesday, the S&P 500 and the Dow are still in the red for September. After seven straight months of gains for the S&P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year.\nHistory is also not on the market's side as September tends to be a typically negative month for stocks. The S&P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.\nFriday begins a particularly weak period for stocks as those September losses typically come in the back half of the month.\n\"The wall of worry is becoming increasingly challenging to climb, with rising depth and breadth of concerns and a potentially tired market,\" said Mark Hackett, Nationwide's chief of investment research.\n\"The stress factors facing the market have not materially changed, including the Delta variant, earnings headwinds from supply chain and labor challenges, fiscal and monetary tailwind shifting to headwinds and bubbling concerns around China,\" Hackett said.\nAnother reason why the back half of September could be volatile is due to so-called quadruple witching occurring at the end of the week as stock and index futures and options are set to expire on the same day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892549653,"gmtCreate":1628676522572,"gmtModify":1633745206181,"author":{"id":"3581905903747562","authorId":"3581905903747562","name":"HolmasKoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581905903747562","authorIdStr":"3581905903747562"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892549653","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}