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2021-11-07

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3 Biggest Stock Market Predictions for November

2021-11-03

B[Strong] [Strong]

Zillow thought it could rule the housing market. It was very wrong.

2021-11-01

[Strong] [Strong]

Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes

2021-10-09

[Strong] [Strong]

Nikola inks hydrogen production deal with Canada's TC Energy

2021-09-30

$New Oriental Education & Technology(EDU)$Can buy or not?

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It will also no doubt highlight a few run-for-hills scenarios like what we saw after a few October big tech earnings releases that fell short of expectations. But let's focus on the positives this month.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> markets should be on the radar of every investor. And the news about innovation, revenue outlooks, and adopting an attitude that the \"future is now\" all offer the potential to produce millionaires out of even the most average investors if they are willing to take a long-term approach.</p>\n<p>With all that in mind, here are three predictions about November markets.</p>\n<h2>1. The market opportunity in EVs and self-driving technology will climb higher</h2>\n<p>It's easy to see the long-term growth potential in the automotive market as it relates to electric vehicles (EVs). Automakers like <b>Tesla</b> are an obvious example. But also <b>Chargepoint Holdings, </b>which is building out the largest EV charging network in the world,&nbsp;and my favorite turnaround play, <b>BlackBerry, </b>with its increasingly popular QNX operating system for EVs. As earnings results come out this month and an initial public offering from electric truck maker Rivian launches next week, the EV hype is likely to heat up further in November.</p>\n<p>Supply chain constraints have raised concerns throughout the automotive market this year because, without the necessary raw materials and parts, particularly semiconductors, unfinished vehicles are left sitting waiting for components. In May it was expected that we would see a shortfall of 3.9 million vehicles produced this year. That number was revised upward in September to 7.7 million, and it's expected to cost automakers an estimated $210 billion this year.</p>\n<p>But delays present opportunities. Eventually, the supply chain will correct itself, though it may take until early 2023. In these uncertain times, companies that best manage costs, optimize the resources available, and stay on the planned path toward growth will reward investors.</p>\n<p>Take <b>Ford</b> (NYSE:F), for example. The company posted third-quarter results on Oct. 27, beating consensus estimates by 9.8% and 89% on quarterly revenue and earnings, respectively. It also raised its full-year revenue guidance by 15%, and topped off its report with news of a reinstated quarterly dividend of $0.10 per share to take effect on Dec. 1.</p>\n<p>During the earnings call, Ford management stated that although supply constraints continue, the third quarter was better than the previous quarter in terms of resource availability. This points toward growth even in the face of supply headwinds, powered by an ongoing revolution in the EV market. Analysts project the EV market to progress at a compound annual growth rate of 24.3% through 2028.</p>\n<h2>2. The metaverse will see big gains virtually and market-wise</h2>\n<p>Running parallel with the growth in the material world of electric and autonomous vehicles is the digital world of virtual and augmented reality known as the metaverse. The companies driving the future of the metaverse can be found in the holdings of the <b><a href=\"https://laohu8.com/S/META\">Roundhill Ball Metaverse ETF</a></b> (NYSEMKT:META).</p>\n<p>Our kids may be more familiar with the metaverse than we are. It's evidenced in numerous video console games such as <i>Fortnite</i>, <i>Minecraft</i>, and <i>Flight Sim</i>, where players create virtual worlds, interacting with each other in these metaverse creations.</p>\n<p><b>Microsoft</b> announced earlier this week that it intends to expand on its Microsoft Teams package by developing metaverse technology for collaboration using 3D avatars that represent meeting attendees who are present but would rather not be on camera. Eventually this will either coincide or compete with developments by <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a></b> (formerly known as Facebook) as it rebrands and expands its offerings along the same lines.</p>\n<p>For long-term investors, these trends create an almost no-lose scenario. As advancements in technology take us into the future, demand will swell and revenue will be generated. And it will most likely be multiple companies reaping the benefits.</p>\n<p>Investors looking to benefit from it all may be well served by the Roundhill Ball Metaverse ETF. It was launched on June 30, and it is quickly gaining trading volume. As of August, the ETF had $50 million in assets under management (AUM). By September, AUM doubled to $100 million. Today, the number sits at $176 million, while trading volume in the ETF has also risen. The average daily volume is at 300,000, while more recently it has seen daily volume exceeding 1 million shares on select days.</p>\n<p>Its top 10 holdings are an impressive list: <b>Nvidia</b>, Microsoft, <b>Roblox</b>, Meta Platforms, <b>Unity Software</b>, <b>Immersion Corp.</b>, <b>Autodesk</b>, <b>Sea Limited</b>, <b>Amazon</b>, and <b>Tencent Holdings</b>.</p>\n<p>I wouldn't be surprised to see the average 20-day daily volume double by the end of this month, combined with a 10% gain in the ETF share price for November.</p>\n<h2>3. Apple is still fresh and its stock will top 52-week highs</h2>\n<p>The intelligent EV market and the metaverse intersect in what has become a staple company and foundational portfolio stock: <b>Apple&nbsp;</b>(NASDAQ:AAPL). According to multiple sources, Apple is developing eyeglasses for the metaverse, while also working on self-driving technology and electric mobility to serve the vehicular market while potentially developing a self-driving car of its own.</p>\n<p>The future of our technology world is upon us, and November could be a pivotal entry point for investors into many of these stocks that will provide big gains for years to come.</p>\n<p>When Apple came out with a miss on quarterly revenue at the end of October, management noted that supply constraints impacted the company at a cost of $6 billion. But <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that seems to keep getting overlooked during these earnings conference calls is that Apple's revenue continues to climb year over year regardless of whether the consensus estimates are accurate or overblown.</p>\n<p>The company continues to benefit greatly from iPhone sales, but unit sales no longer make up even half of its total revenue. Per Statista, from 2012 to now, Apple has seen iPhone sales decline from 51% of total revenue to 49%. Meanwhile, services revenue has grown from 6.5% to 21%. The gross margin on services is now 60%, whereas iPhone profit margin is closer to 35%. So as the company generates more services offerings, and innovative technology progresses, the dust will settle from concerns over supply constraints and a revenue miss, and a clearer picture will emerge.</p>\n<p>My November prediction is that Apple stock will top its 52-week high of $157.26 a share.</p>\n<h2>Seeing the forest through the trees</h2>\n<p>October was a month of volatility and concern over supply constraints and earnings warnings. But when those warnings lead to nervous selling based on short-term what-ifs and fear of the unknown, the long-term investor is provided with an opportunity. And if history repeats itself, this November will provide the springboard to that opportunity. The<b> S&amp;P 500</b> average return is 1.57% in the month of November, with 29 of the past 40 Novembers being in positive territory, led by 2020 at 11.8% -- the best November in history.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Biggest Stock Market Predictions for November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Biggest Stock Market Predictions for November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-07 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>November could offer an excellent entry point for many investors who may have been waiting for confidence-boosting earnings releases. It will also no doubt highlight a few run-for-hills scenarios like...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181074782","content_text":"November could offer an excellent entry point for many investors who may have been waiting for confidence-boosting earnings releases. It will also no doubt highlight a few run-for-hills scenarios like what we saw after a few October big tech earnings releases that fell short of expectations. But let's focus on the positives this month.\nTwo markets should be on the radar of every investor. And the news about innovation, revenue outlooks, and adopting an attitude that the \"future is now\" all offer the potential to produce millionaires out of even the most average investors if they are willing to take a long-term approach.\nWith all that in mind, here are three predictions about November markets.\n1. The market opportunity in EVs and self-driving technology will climb higher\nIt's easy to see the long-term growth potential in the automotive market as it relates to electric vehicles (EVs). Automakers like Tesla are an obvious example. But also Chargepoint Holdings, which is building out the largest EV charging network in the world, and my favorite turnaround play, BlackBerry, with its increasingly popular QNX operating system for EVs. As earnings results come out this month and an initial public offering from electric truck maker Rivian launches next week, the EV hype is likely to heat up further in November.\nSupply chain constraints have raised concerns throughout the automotive market this year because, without the necessary raw materials and parts, particularly semiconductors, unfinished vehicles are left sitting waiting for components. In May it was expected that we would see a shortfall of 3.9 million vehicles produced this year. That number was revised upward in September to 7.7 million, and it's expected to cost automakers an estimated $210 billion this year.\nBut delays present opportunities. Eventually, the supply chain will correct itself, though it may take until early 2023. In these uncertain times, companies that best manage costs, optimize the resources available, and stay on the planned path toward growth will reward investors.\nTake Ford (NYSE:F), for example. The company posted third-quarter results on Oct. 27, beating consensus estimates by 9.8% and 89% on quarterly revenue and earnings, respectively. It also raised its full-year revenue guidance by 15%, and topped off its report with news of a reinstated quarterly dividend of $0.10 per share to take effect on Dec. 1.\nDuring the earnings call, Ford management stated that although supply constraints continue, the third quarter was better than the previous quarter in terms of resource availability. This points toward growth even in the face of supply headwinds, powered by an ongoing revolution in the EV market. Analysts project the EV market to progress at a compound annual growth rate of 24.3% through 2028.\n2. The metaverse will see big gains virtually and market-wise\nRunning parallel with the growth in the material world of electric and autonomous vehicles is the digital world of virtual and augmented reality known as the metaverse. The companies driving the future of the metaverse can be found in the holdings of the Roundhill Ball Metaverse ETF (NYSEMKT:META).\nOur kids may be more familiar with the metaverse than we are. It's evidenced in numerous video console games such as Fortnite, Minecraft, and Flight Sim, where players create virtual worlds, interacting with each other in these metaverse creations.\nMicrosoft announced earlier this week that it intends to expand on its Microsoft Teams package by developing metaverse technology for collaboration using 3D avatars that represent meeting attendees who are present but would rather not be on camera. Eventually this will either coincide or compete with developments by Meta Platforms (formerly known as Facebook) as it rebrands and expands its offerings along the same lines.\nFor long-term investors, these trends create an almost no-lose scenario. As advancements in technology take us into the future, demand will swell and revenue will be generated. And it will most likely be multiple companies reaping the benefits.\nInvestors looking to benefit from it all may be well served by the Roundhill Ball Metaverse ETF. It was launched on June 30, and it is quickly gaining trading volume. As of August, the ETF had $50 million in assets under management (AUM). By September, AUM doubled to $100 million. Today, the number sits at $176 million, while trading volume in the ETF has also risen. The average daily volume is at 300,000, while more recently it has seen daily volume exceeding 1 million shares on select days.\nIts top 10 holdings are an impressive list: Nvidia, Microsoft, Roblox, Meta Platforms, Unity Software, Immersion Corp., Autodesk, Sea Limited, Amazon, and Tencent Holdings.\nI wouldn't be surprised to see the average 20-day daily volume double by the end of this month, combined with a 10% gain in the ETF share price for November.\n3. Apple is still fresh and its stock will top 52-week highs\nThe intelligent EV market and the metaverse intersect in what has become a staple company and foundational portfolio stock: Apple (NASDAQ:AAPL). According to multiple sources, Apple is developing eyeglasses for the metaverse, while also working on self-driving technology and electric mobility to serve the vehicular market while potentially developing a self-driving car of its own.\nThe future of our technology world is upon us, and November could be a pivotal entry point for investors into many of these stocks that will provide big gains for years to come.\nWhen Apple came out with a miss on quarterly revenue at the end of October, management noted that supply constraints impacted the company at a cost of $6 billion. But one thing that seems to keep getting overlooked during these earnings conference calls is that Apple's revenue continues to climb year over year regardless of whether the consensus estimates are accurate or overblown.\nThe company continues to benefit greatly from iPhone sales, but unit sales no longer make up even half of its total revenue. Per Statista, from 2012 to now, Apple has seen iPhone sales decline from 51% of total revenue to 49%. Meanwhile, services revenue has grown from 6.5% to 21%. The gross margin on services is now 60%, whereas iPhone profit margin is closer to 35%. So as the company generates more services offerings, and innovative technology progresses, the dust will settle from concerns over supply constraints and a revenue miss, and a clearer picture will emerge.\nMy November prediction is that Apple stock will top its 52-week high of $157.26 a share.\nSeeing the forest through the trees\nOctober was a month of volatility and concern over supply constraints and earnings warnings. But when those warnings lead to nervous selling based on short-term what-ifs and fear of the unknown, the long-term investor is provided with an opportunity. And if history repeats itself, this November will provide the springboard to that opportunity. The S&P 500 average return is 1.57% in the month of November, with 29 of the past 40 Novembers being in positive territory, led by 2020 at 11.8% -- the best November in history.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841412637,"gmtCreate":1635933623219,"gmtModify":1635933623508,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"B[Strong]&nbsp;[Strong]&nbsp;","listText":"B[Strong]&nbsp;[Strong]&nbsp;","text":"B[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841412637","repostId":"1193956072","repostType":4,"repost":{"id":"1193956072","pubTimestamp":1635931151,"share":"https://www.laohu8.com/m/news/1193956072?lang=&edition=full","pubTime":"2021-11-03 17:19","market":"us","language":"en","title":"Zillow thought it could rule the housing market. It was very wrong.","url":"https://stock-news.laohu8.com/highlight/detail?id=1193956072","media":"MarketWatch","summary":"Zillow paid too much for houses in the most volatile housing market since the 2008 crash, but should","content":"<p>Zillow paid too much for houses in the most volatile housing market since the 2008 crash, but should the algorithm or the people running it be blamed?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d6cc3641fc666fe5cd36be3d70e3d6d\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Zillow racked up more than $550 million in combined losses for the third and fourth quarters.</span></p>\n<p></p>\n<p>Zillow Group had a wealth of data, access to millions of dollars in capital and executives with the hubris to believe they could use these tools to outsmart both a volatile housing market and startups specializing in buying and selling houses.</p>\n<p>They failed, and lost more than half a billion dollars in the process.</p>\n<p>Zillow&nbsp;said it will permanently exit the so-called iBuying business Tuesday, after going on an unprecedented home-buying spree that saw the internet-based real-estate-services company buy more than 14,000 homes in just six months. Only after that spree did Zillow executives realize that they had overspent, and were sitting on massive losses in the months to come.</p>\n<p>The result is more than $550 million in combined losses for the third and fourth quarters,and the dissolution of a business that had been rapidly growing — the layoffs will pare 25% of Zillow’s entire staff. The board decided to kill the nearly four-year-old Zillow Offers business Tuesday, and sent its co-founder and chief executive out to swing the axe.</p>\n<p>“Our aim was to become a market-maker, not a market risk-taker, and this was underpinned by the need to forecast the price of homes accurately three to six months in the future,” Zillow CEO Rich Barton said in a conference call Tuesday.</p>\n<p>The algorithm that Zillow used to forecast the prices of homes in the future — in a real-estate market that has been volatile amid the pandemic — proved to be problematic. Bloomberg recently reported that Zillow tweaked its algorithms to make higher offers as the real-estate market continued to heat up, but that move proved to be fatal.</p>\n<p>Barton described the real-estate market as initially frozen during the pandemic, and then shifting into a supply-demand problem, which led to big price swings. The company said it experienced “higher conversion rates than previously observed in Zillow Offers as a result of unintentionally purchasing homes at higher prices than our current estimates of future selling prices,” resulting in a $304 million write-down in the third quarter.</p>\n<p>“Our observed error rate has been far more volatile than we ever expected possible and makes us look far more like a leveraged housing trader than the market-maker we set out to be,” he said.</p>\n<p>These comments sound a lot less like problems in the real-estate market, however, and more of an issue with Zillow’s algorithms, and/or those running the company.</p>\n<p>“My sense is that this is a Zillow problem,” Jason&nbsp;S. Helfstein, head of internet research at Oppenheimer &amp; Co., bluntly said in an email to MarketWatch.</p>\n<p>Some rivals sought to capitalize on Zillow’s woes, with Opendoor Technologies Inc.&nbsp;tweeting that it is open for business.</p>\n<p>“We have demonstrated strong growth and unit economics, and we are energized to help homeowners nationwide move with simplicity, certainty and speed,” the company said, sounding confident ahead of its own earnings on Nov. 10, the same day as rival Offerpad Solutions Inc..</p>\n<p>Redfin Inc.&nbsp;told MarketWatch in a statement that it remains committed to iBuying, while avoiding saying much ahead of its earnings on Thursday afternoon. Redfin also noted that while competition is always fierce — with Opendoor’s offers being especially aggressive in 2021 — its biggest issue has been hiring labor to renovate homes.</p>\n<p>Investors will continue to watch the market in the coming days to see if Zillow’s move is a precursor to more bad news in the real-estate market and at other iBuyers. But the Zillow news is also a cautionary tale about too much adherence to algorithms. Facebook <a href=\"https://www.marketwatch.com/investing/stock/FB?mod=MW_story_quote\" target=\"_blank\">FB,-0.58%</a> is already under attack for its algorithms that prefer posts that goad users and stir up emotional reactions, while Zillow’s algorithms appear to be behind decisions that cost hundreds of millions of dollars and more than a thousand jobs.</p>\n<p>But people write and control those algorithms, and one of the two components of that formula got way too confident this year. If the current volatility in the real-estate market leads other iBuyers with similar algorithms — and possibly even less data than Zillow — into more “black swan events,” as Barton described the situation, investors can blame the humans in charge.</p>\n<p></p>","source":"lsy1603348471595","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>Zillow thought it could rule the housing market. It was very wrong.</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\">\nZillow thought it could rule the housing market. It was very wrong.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-03 17:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/zillow-thought-it-could-rule-the-housing-market-it-was-very-wrong-11635907329?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zillow paid too much for houses in the most volatile housing market since the 2008 crash, but should the algorithm or the people running it be blamed?\nZillow racked up more than $550 million in ...</p>\n\n<a href=\"https://www.marketwatch.com/story/zillow-thought-it-could-rule-the-housing-market-it-was-very-wrong-11635907329?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Z":"Zillow"},"source_url":"https://www.marketwatch.com/story/zillow-thought-it-could-rule-the-housing-market-it-was-very-wrong-11635907329?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193956072","content_text":"Zillow paid too much for houses in the most volatile housing market since the 2008 crash, but should the algorithm or the people running it be blamed?\nZillow racked up more than $550 million in combined losses for the third and fourth quarters.\n\nZillow Group had a wealth of data, access to millions of dollars in capital and executives with the hubris to believe they could use these tools to outsmart both a volatile housing market and startups specializing in buying and selling houses.\nThey failed, and lost more than half a billion dollars in the process.\nZillow said it will permanently exit the so-called iBuying business Tuesday, after going on an unprecedented home-buying spree that saw the internet-based real-estate-services company buy more than 14,000 homes in just six months. Only after that spree did Zillow executives realize that they had overspent, and were sitting on massive losses in the months to come.\nThe result is more than $550 million in combined losses for the third and fourth quarters,and the dissolution of a business that had been rapidly growing — the layoffs will pare 25% of Zillow’s entire staff. The board decided to kill the nearly four-year-old Zillow Offers business Tuesday, and sent its co-founder and chief executive out to swing the axe.\n“Our aim was to become a market-maker, not a market risk-taker, and this was underpinned by the need to forecast the price of homes accurately three to six months in the future,” Zillow CEO Rich Barton said in a conference call Tuesday.\nThe algorithm that Zillow used to forecast the prices of homes in the future — in a real-estate market that has been volatile amid the pandemic — proved to be problematic. Bloomberg recently reported that Zillow tweaked its algorithms to make higher offers as the real-estate market continued to heat up, but that move proved to be fatal.\nBarton described the real-estate market as initially frozen during the pandemic, and then shifting into a supply-demand problem, which led to big price swings. The company said it experienced “higher conversion rates than previously observed in Zillow Offers as a result of unintentionally purchasing homes at higher prices than our current estimates of future selling prices,” resulting in a $304 million write-down in the third quarter.\n“Our observed error rate has been far more volatile than we ever expected possible and makes us look far more like a leveraged housing trader than the market-maker we set out to be,” he said.\nThese comments sound a lot less like problems in the real-estate market, however, and more of an issue with Zillow’s algorithms, and/or those running the company.\n“My sense is that this is a Zillow problem,” Jason S. Helfstein, head of internet research at Oppenheimer & Co., bluntly said in an email to MarketWatch.\nSome rivals sought to capitalize on Zillow’s woes, with Opendoor Technologies Inc. tweeting that it is open for business.\n“We have demonstrated strong growth and unit economics, and we are energized to help homeowners nationwide move with simplicity, certainty and speed,” the company said, sounding confident ahead of its own earnings on Nov. 10, the same day as rival Offerpad Solutions Inc..\nRedfin Inc. told MarketWatch in a statement that it remains committed to iBuying, while avoiding saying much ahead of its earnings on Thursday afternoon. Redfin also noted that while competition is always fierce — with Opendoor’s offers being especially aggressive in 2021 — its biggest issue has been hiring labor to renovate homes.\nInvestors will continue to watch the market in the coming days to see if Zillow’s move is a precursor to more bad news in the real-estate market and at other iBuyers. But the Zillow news is also a cautionary tale about too much adherence to algorithms. Facebook FB,-0.58% is already under attack for its algorithms that prefer posts that goad users and stir up emotional reactions, while Zillow’s algorithms appear to be behind decisions that cost hundreds of millions of dollars and more than a thousand jobs.\nBut people write and control those algorithms, and one of the two components of that formula got way too confident this year. If the current volatility in the real-estate market leads other iBuyers with similar algorithms — and possibly even less data than Zillow — into more “black swan events,” as Barton described the situation, investors can blame the humans in charge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849569683,"gmtCreate":1635767422675,"gmtModify":1635767422811,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849569683","repostId":"1133521632","repostType":4,"repost":{"id":"1133521632","pubTimestamp":1635767076,"share":"https://www.laohu8.com/m/news/1133521632?lang=&edition=full","pubTime":"2021-11-01 19:44","market":"us","language":"en","title":"Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes","url":"https://stock-news.laohu8.com/highlight/detail?id=1133521632","media":"The Washington Post","summary":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process co","content":"<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f9763953ba4800b1c491f4cf6335f8\" tg-width=\"767\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>US Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)</span></p>\n<p></p>\n<p>SOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.</p>\n<p>In an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.</p>\n<p></p>\n<p></p>\n<p>Senior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.</p>\n<p>The stalemate brought the U.S.&nbsp;within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.</p>\n<p>“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”</p>\n<p>While condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.</p>\n<p>The debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.</p>\n<p>“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”</p>\n<p>Yellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”</p>\n<p>With only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.</p>\n<p>President Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”</p>\n<p>When asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”</p>\n<p>Warren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”</p>\n<p>The debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.</p>\n<p>In early October, Yellen&nbsp;endorsed abolishing&nbsp;the debt ceiling altogether — a position not yet taken by the White House or Biden.</p>\n<p>“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.</p>\n<p>Yellen&nbsp;has also been told by two of her predecessors&nbsp;that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.</p>\n<p>Some nonpartisan estimates have found the debt ceiling may not have to be raised until February.</p>\n<p>Yellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.</p>\n<p>“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.</p>\n<p>Yellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials&nbsp;have gone as far as privately exploring&nbsp;in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.</p>\n<p>Yellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.</p>\n<p></p>","source":"lsy1602754136468","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>Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes</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\">\nTreasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-01 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/><strong>The Washington Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary...</p>\n\n<a href=\"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133521632","content_text":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)\n\nSOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.\nIn an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.\n\n\nSenior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.\nThe stalemate brought the U.S. within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.\n“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”\nWhile condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.\nThe debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.\n“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”\nYellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”\nWith only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.\nPresident Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”\nWhen asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”\nWarren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”\nThe debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.\nIn early October, Yellen endorsed abolishing the debt ceiling altogether — a position not yet taken by the White House or Biden.\n“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.\nYellen has also been told by two of her predecessors that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.\nSome nonpartisan estimates have found the debt ceiling may not have to be raised until February.\nYellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.\n“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.\nYellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials have gone as far as privately exploring in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.\nYellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821782119,"gmtCreate":1633791191160,"gmtModify":1633791191273,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821782119","repostId":"1111746159","repostType":4,"repost":{"id":"1111746159","pubTimestamp":1633760372,"share":"https://www.laohu8.com/m/news/1111746159?lang=&edition=full","pubTime":"2021-10-09 14:19","market":"us","language":"en","title":"Nikola inks hydrogen production deal with Canada's TC Energy","url":"https://stock-news.laohu8.com/highlight/detail?id=1111746159","media":"THE BUSINESS JOURNALS","summary":"Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement w","content":"<p>Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and Canada.</p>\n<p>Nikola Corp. (Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.</p>\n<p>This agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.</p>\n<p>Nikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.</p>\n<p>TC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but&nbsp;officially abandoned the project&nbsp;in June.</p>\n<p>Additionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.</p>\n<p>The Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.</p>\n<p>\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.</p>\n<p>These two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.</p>\n<p>In June Nikola said it would&nbsp;invest $50 million in a hydrogen production plant&nbsp;in Indiana, last month it signed a&nbsp;fuel cell production deal with Boschand earlier this month it signed a&nbsp;joint development agreement&nbsp;for hydrogen fueling infrastructure with OPAL Fuels.</p>\n<p>In Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.</p>\n<p><b>Milton case update</b></p>\n<p>Nikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f7b9c77b869e2ea569c297cc098a120\" tg-width=\"750\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>A file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL</span></p>\n<p>Last year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.</p>\n<p>In July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.</p>\n<p>“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”</p>\n<p>Milton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.</p>","source":"lsy1633760424806","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>Nikola inks hydrogen production deal with Canada's TC Energy</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\">\nNikola inks hydrogen production deal with Canada's TC Energy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-09 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo><strong>THE BUSINESS JOURNALS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and ...</p>\n\n<a href=\"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKLA":"Nikola Corporation"},"source_url":"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111746159","content_text":"Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and Canada.\nNikola Corp. (Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.\nThis agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.\nNikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.\nTC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but officially abandoned the project in June.\nAdditionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.\nThe Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.\n\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.\nThese two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.\nIn June Nikola said it would invest $50 million in a hydrogen production plant in Indiana, last month it signed a fuel cell production deal with Boschand earlier this month it signed a joint development agreement for hydrogen fueling infrastructure with OPAL Fuels.\nIn Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.\nMilton case update\nNikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.\nA file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL\nLast year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.\nIn July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.\n“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”\nMilton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865857645,"gmtCreate":1632969788592,"gmtModify":1632969983023,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","listText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","text":"$New Oriental Education & Technology(EDU)$Can buy or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865857645","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":845997672,"gmtCreate":1636260633197,"gmtModify":1636260633540,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"&nbsp;[Strong]&nbsp;","listText":"&nbsp;[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/845997672","repostId":"2181074782","repostType":4,"repost":{"id":"2181074782","pubTimestamp":1636246800,"share":"https://www.laohu8.com/m/news/2181074782?lang=&edition=full","pubTime":"2021-11-07 09:00","market":"us","language":"en","title":"3 Biggest Stock Market Predictions for November","url":"https://stock-news.laohu8.com/highlight/detail?id=2181074782","media":"Motley Fool","summary":"Guessing what the market will do at any given time isn't easy, but there are indicators out there if you know what to look for.","content":"<p>November could offer an excellent entry point for many investors who may have been waiting for confidence-boosting earnings releases. It will also no doubt highlight a few run-for-hills scenarios like what we saw after a few October big tech earnings releases that fell short of expectations. But let's focus on the positives this month.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> markets should be on the radar of every investor. And the news about innovation, revenue outlooks, and adopting an attitude that the \"future is now\" all offer the potential to produce millionaires out of even the most average investors if they are willing to take a long-term approach.</p>\n<p>With all that in mind, here are three predictions about November markets.</p>\n<h2>1. The market opportunity in EVs and self-driving technology will climb higher</h2>\n<p>It's easy to see the long-term growth potential in the automotive market as it relates to electric vehicles (EVs). Automakers like <b>Tesla</b> are an obvious example. But also <b>Chargepoint Holdings, </b>which is building out the largest EV charging network in the world,&nbsp;and my favorite turnaround play, <b>BlackBerry, </b>with its increasingly popular QNX operating system for EVs. As earnings results come out this month and an initial public offering from electric truck maker Rivian launches next week, the EV hype is likely to heat up further in November.</p>\n<p>Supply chain constraints have raised concerns throughout the automotive market this year because, without the necessary raw materials and parts, particularly semiconductors, unfinished vehicles are left sitting waiting for components. In May it was expected that we would see a shortfall of 3.9 million vehicles produced this year. That number was revised upward in September to 7.7 million, and it's expected to cost automakers an estimated $210 billion this year.</p>\n<p>But delays present opportunities. Eventually, the supply chain will correct itself, though it may take until early 2023. In these uncertain times, companies that best manage costs, optimize the resources available, and stay on the planned path toward growth will reward investors.</p>\n<p>Take <b>Ford</b> (NYSE:F), for example. The company posted third-quarter results on Oct. 27, beating consensus estimates by 9.8% and 89% on quarterly revenue and earnings, respectively. It also raised its full-year revenue guidance by 15%, and topped off its report with news of a reinstated quarterly dividend of $0.10 per share to take effect on Dec. 1.</p>\n<p>During the earnings call, Ford management stated that although supply constraints continue, the third quarter was better than the previous quarter in terms of resource availability. This points toward growth even in the face of supply headwinds, powered by an ongoing revolution in the EV market. Analysts project the EV market to progress at a compound annual growth rate of 24.3% through 2028.</p>\n<h2>2. The metaverse will see big gains virtually and market-wise</h2>\n<p>Running parallel with the growth in the material world of electric and autonomous vehicles is the digital world of virtual and augmented reality known as the metaverse. The companies driving the future of the metaverse can be found in the holdings of the <b><a href=\"https://laohu8.com/S/META\">Roundhill Ball Metaverse ETF</a></b> (NYSEMKT:META).</p>\n<p>Our kids may be more familiar with the metaverse than we are. It's evidenced in numerous video console games such as <i>Fortnite</i>, <i>Minecraft</i>, and <i>Flight Sim</i>, where players create virtual worlds, interacting with each other in these metaverse creations.</p>\n<p><b>Microsoft</b> announced earlier this week that it intends to expand on its Microsoft Teams package by developing metaverse technology for collaboration using 3D avatars that represent meeting attendees who are present but would rather not be on camera. Eventually this will either coincide or compete with developments by <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a></b> (formerly known as Facebook) as it rebrands and expands its offerings along the same lines.</p>\n<p>For long-term investors, these trends create an almost no-lose scenario. As advancements in technology take us into the future, demand will swell and revenue will be generated. And it will most likely be multiple companies reaping the benefits.</p>\n<p>Investors looking to benefit from it all may be well served by the Roundhill Ball Metaverse ETF. It was launched on June 30, and it is quickly gaining trading volume. As of August, the ETF had $50 million in assets under management (AUM). By September, AUM doubled to $100 million. Today, the number sits at $176 million, while trading volume in the ETF has also risen. The average daily volume is at 300,000, while more recently it has seen daily volume exceeding 1 million shares on select days.</p>\n<p>Its top 10 holdings are an impressive list: <b>Nvidia</b>, Microsoft, <b>Roblox</b>, Meta Platforms, <b>Unity Software</b>, <b>Immersion Corp.</b>, <b>Autodesk</b>, <b>Sea Limited</b>, <b>Amazon</b>, and <b>Tencent Holdings</b>.</p>\n<p>I wouldn't be surprised to see the average 20-day daily volume double by the end of this month, combined with a 10% gain in the ETF share price for November.</p>\n<h2>3. Apple is still fresh and its stock will top 52-week highs</h2>\n<p>The intelligent EV market and the metaverse intersect in what has become a staple company and foundational portfolio stock: <b>Apple&nbsp;</b>(NASDAQ:AAPL). According to multiple sources, Apple is developing eyeglasses for the metaverse, while also working on self-driving technology and electric mobility to serve the vehicular market while potentially developing a self-driving car of its own.</p>\n<p>The future of our technology world is upon us, and November could be a pivotal entry point for investors into many of these stocks that will provide big gains for years to come.</p>\n<p>When Apple came out with a miss on quarterly revenue at the end of October, management noted that supply constraints impacted the company at a cost of $6 billion. But <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing that seems to keep getting overlooked during these earnings conference calls is that Apple's revenue continues to climb year over year regardless of whether the consensus estimates are accurate or overblown.</p>\n<p>The company continues to benefit greatly from iPhone sales, but unit sales no longer make up even half of its total revenue. Per Statista, from 2012 to now, Apple has seen iPhone sales decline from 51% of total revenue to 49%. Meanwhile, services revenue has grown from 6.5% to 21%. The gross margin on services is now 60%, whereas iPhone profit margin is closer to 35%. So as the company generates more services offerings, and innovative technology progresses, the dust will settle from concerns over supply constraints and a revenue miss, and a clearer picture will emerge.</p>\n<p>My November prediction is that Apple stock will top its 52-week high of $157.26 a share.</p>\n<h2>Seeing the forest through the trees</h2>\n<p>October was a month of volatility and concern over supply constraints and earnings warnings. But when those warnings lead to nervous selling based on short-term what-ifs and fear of the unknown, the long-term investor is provided with an opportunity. And if history repeats itself, this November will provide the springboard to that opportunity. The<b> S&amp;P 500</b> average return is 1.57% in the month of November, with 29 of the past 40 Novembers being in positive territory, led by 2020 at 11.8% -- the best November in history.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Biggest Stock Market Predictions for November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Biggest Stock Market Predictions for November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-07 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>November could offer an excellent entry point for many investors who may have been waiting for confidence-boosting earnings releases. It will also no doubt highlight a few run-for-hills scenarios like...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/11/06/my-3-biggest-stock-market-predictions-for-november/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181074782","content_text":"November could offer an excellent entry point for many investors who may have been waiting for confidence-boosting earnings releases. It will also no doubt highlight a few run-for-hills scenarios like what we saw after a few October big tech earnings releases that fell short of expectations. But let's focus on the positives this month.\nTwo markets should be on the radar of every investor. And the news about innovation, revenue outlooks, and adopting an attitude that the \"future is now\" all offer the potential to produce millionaires out of even the most average investors if they are willing to take a long-term approach.\nWith all that in mind, here are three predictions about November markets.\n1. The market opportunity in EVs and self-driving technology will climb higher\nIt's easy to see the long-term growth potential in the automotive market as it relates to electric vehicles (EVs). Automakers like Tesla are an obvious example. But also Chargepoint Holdings, which is building out the largest EV charging network in the world, and my favorite turnaround play, BlackBerry, with its increasingly popular QNX operating system for EVs. As earnings results come out this month and an initial public offering from electric truck maker Rivian launches next week, the EV hype is likely to heat up further in November.\nSupply chain constraints have raised concerns throughout the automotive market this year because, without the necessary raw materials and parts, particularly semiconductors, unfinished vehicles are left sitting waiting for components. In May it was expected that we would see a shortfall of 3.9 million vehicles produced this year. That number was revised upward in September to 7.7 million, and it's expected to cost automakers an estimated $210 billion this year.\nBut delays present opportunities. Eventually, the supply chain will correct itself, though it may take until early 2023. In these uncertain times, companies that best manage costs, optimize the resources available, and stay on the planned path toward growth will reward investors.\nTake Ford (NYSE:F), for example. The company posted third-quarter results on Oct. 27, beating consensus estimates by 9.8% and 89% on quarterly revenue and earnings, respectively. It also raised its full-year revenue guidance by 15%, and topped off its report with news of a reinstated quarterly dividend of $0.10 per share to take effect on Dec. 1.\nDuring the earnings call, Ford management stated that although supply constraints continue, the third quarter was better than the previous quarter in terms of resource availability. This points toward growth even in the face of supply headwinds, powered by an ongoing revolution in the EV market. Analysts project the EV market to progress at a compound annual growth rate of 24.3% through 2028.\n2. The metaverse will see big gains virtually and market-wise\nRunning parallel with the growth in the material world of electric and autonomous vehicles is the digital world of virtual and augmented reality known as the metaverse. The companies driving the future of the metaverse can be found in the holdings of the Roundhill Ball Metaverse ETF (NYSEMKT:META).\nOur kids may be more familiar with the metaverse than we are. It's evidenced in numerous video console games such as Fortnite, Minecraft, and Flight Sim, where players create virtual worlds, interacting with each other in these metaverse creations.\nMicrosoft announced earlier this week that it intends to expand on its Microsoft Teams package by developing metaverse technology for collaboration using 3D avatars that represent meeting attendees who are present but would rather not be on camera. Eventually this will either coincide or compete with developments by Meta Platforms (formerly known as Facebook) as it rebrands and expands its offerings along the same lines.\nFor long-term investors, these trends create an almost no-lose scenario. As advancements in technology take us into the future, demand will swell and revenue will be generated. And it will most likely be multiple companies reaping the benefits.\nInvestors looking to benefit from it all may be well served by the Roundhill Ball Metaverse ETF. It was launched on June 30, and it is quickly gaining trading volume. As of August, the ETF had $50 million in assets under management (AUM). By September, AUM doubled to $100 million. Today, the number sits at $176 million, while trading volume in the ETF has also risen. The average daily volume is at 300,000, while more recently it has seen daily volume exceeding 1 million shares on select days.\nIts top 10 holdings are an impressive list: Nvidia, Microsoft, Roblox, Meta Platforms, Unity Software, Immersion Corp., Autodesk, Sea Limited, Amazon, and Tencent Holdings.\nI wouldn't be surprised to see the average 20-day daily volume double by the end of this month, combined with a 10% gain in the ETF share price for November.\n3. Apple is still fresh and its stock will top 52-week highs\nThe intelligent EV market and the metaverse intersect in what has become a staple company and foundational portfolio stock: Apple (NASDAQ:AAPL). According to multiple sources, Apple is developing eyeglasses for the metaverse, while also working on self-driving technology and electric mobility to serve the vehicular market while potentially developing a self-driving car of its own.\nThe future of our technology world is upon us, and November could be a pivotal entry point for investors into many of these stocks that will provide big gains for years to come.\nWhen Apple came out with a miss on quarterly revenue at the end of October, management noted that supply constraints impacted the company at a cost of $6 billion. But one thing that seems to keep getting overlooked during these earnings conference calls is that Apple's revenue continues to climb year over year regardless of whether the consensus estimates are accurate or overblown.\nThe company continues to benefit greatly from iPhone sales, but unit sales no longer make up even half of its total revenue. Per Statista, from 2012 to now, Apple has seen iPhone sales decline from 51% of total revenue to 49%. Meanwhile, services revenue has grown from 6.5% to 21%. The gross margin on services is now 60%, whereas iPhone profit margin is closer to 35%. So as the company generates more services offerings, and innovative technology progresses, the dust will settle from concerns over supply constraints and a revenue miss, and a clearer picture will emerge.\nMy November prediction is that Apple stock will top its 52-week high of $157.26 a share.\nSeeing the forest through the trees\nOctober was a month of volatility and concern over supply constraints and earnings warnings. But when those warnings lead to nervous selling based on short-term what-ifs and fear of the unknown, the long-term investor is provided with an opportunity. And if history repeats itself, this November will provide the springboard to that opportunity. The S&P 500 average return is 1.57% in the month of November, with 29 of the past 40 Novembers being in positive territory, led by 2020 at 11.8% -- the best November in history.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821782119,"gmtCreate":1633791191160,"gmtModify":1633791191273,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821782119","repostId":"1111746159","repostType":4,"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841412637,"gmtCreate":1635933623219,"gmtModify":1635933623508,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"B[Strong]&nbsp;[Strong]&nbsp;","listText":"B[Strong]&nbsp;[Strong]&nbsp;","text":"B[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841412637","repostId":"1193956072","repostType":4,"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865857645,"gmtCreate":1632969788592,"gmtModify":1632969983023,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","listText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","text":"$New Oriental Education & Technology(EDU)$Can buy or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865857645","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849569683,"gmtCreate":1635767422675,"gmtModify":1635767422811,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849569683","repostId":"1133521632","repostType":4,"repost":{"id":"1133521632","pubTimestamp":1635767076,"share":"https://www.laohu8.com/m/news/1133521632?lang=&edition=full","pubTime":"2021-11-01 19:44","market":"us","language":"en","title":"Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes","url":"https://stock-news.laohu8.com/highlight/detail?id=1133521632","media":"The Washington Post","summary":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process co","content":"<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f9763953ba4800b1c491f4cf6335f8\" tg-width=\"767\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>US Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)</span></p>\n<p></p>\n<p>SOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.</p>\n<p>In an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.</p>\n<p></p>\n<p></p>\n<p>Senior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.</p>\n<p>The stalemate brought the U.S.&nbsp;within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.</p>\n<p>“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”</p>\n<p>While condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.</p>\n<p>The debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.</p>\n<p>“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”</p>\n<p>Yellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”</p>\n<p>With only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.</p>\n<p>President Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”</p>\n<p>When asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”</p>\n<p>Warren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”</p>\n<p>The debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.</p>\n<p>In early October, Yellen&nbsp;endorsed abolishing&nbsp;the debt ceiling altogether — a position not yet taken by the White House or Biden.</p>\n<p>“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.</p>\n<p>Yellen&nbsp;has also been told by two of her predecessors&nbsp;that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.</p>\n<p>Some nonpartisan estimates have found the debt ceiling may not have to be raised until February.</p>\n<p>Yellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.</p>\n<p>“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.</p>\n<p>Yellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials&nbsp;have gone as far as privately exploring&nbsp;in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.</p>\n<p>Yellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.</p>\n<p></p>","source":"lsy1602754136468","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>Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes</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\">\nTreasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-01 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/><strong>The Washington Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary...</p>\n\n<a href=\"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133521632","content_text":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)\n\nSOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.\nIn an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.\n\n\nSenior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.\nThe stalemate brought the U.S. within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.\n“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”\nWhile condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.\nThe debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.\n“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”\nYellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”\nWith only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.\nPresident Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”\nWhen asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”\nWarren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”\nThe debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.\nIn early October, Yellen endorsed abolishing the debt ceiling altogether — a position not yet taken by the White House or Biden.\n“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.\nYellen has also been told by two of her predecessors that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.\nSome nonpartisan estimates have found the debt ceiling may not have to be raised until February.\nYellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.\n“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.\nYellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials have gone as far as privately exploring in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.\nYellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}