imOxy的个人主页 - 老虎社区

imOxy

imOxy

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19关注

4粉丝

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0勋章

2022-01-05

[财迷] [财迷] [财迷]

2021-11-02

[得意]

@小虎活动:[Halloween Game] Trade or Treat!

2021-10-09

😀[财迷]

抱歉，原内容已删除

2021-10-05

😃😄

Fed's Bullard: U.S. businesses having no problems raising prices

2021-10-05

[开心] [财迷] [呆住]

Teekay LNG rallies on buyout deal with Stonepeak

2021-10-05

[开心]

抱歉，原内容已删除

2021-10-05

[开心] [开心]

Crypto complex recalls 1920s stock market with 'rampant speculation, manipulation and theft,' says left-leaning think tank

2021-09-22

[开心]

抱歉，原内容已删除

2021-08-31

😁

Warren Buffett turns 91, prepares Berkshire for new, tech-driven economy - CNBC

2021-08-28

[开心]

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

2021-08-28

[开心]

抱歉，原内容已删除

2021-08-28

[财迷]

抱歉，原内容已删除

2021-08-16

[开心]

抱歉，原内容已删除

2021-08-11

[开心]

抱歉，原内容已删除

2021-08-04

😁...

抱歉，原内容已删除

2021-08-04

😁

抱歉，原内容已删除

2021-08-04

😄

抱歉，原内容已删除

2021-08-04

😄

抱歉，原内容已删除

2021-08-01

😀

SIA, SIAE, Singtel potential candidates for company restructuring: Maybank

2021-07-31

//@imOxy: 😁😁

It’s Open Season on Closed-End Fund Activists. How Fund Holders Can Win—and Lose

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For years, that's not been the case,\" Bullard added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Bullard: U.S. businesses having no problems raising prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Bullard: U.S. businesses having no problems raising prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-04 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/feds-bullard-u-businesses-having-151026032.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - U.S. businesses are having few problems raising prices on customers for the first time in years, St. Louis Federal Reserve Bank President James Bullard said on Monday, as he warned that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/feds-bullard-u-businesses-having-151026032.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/feds-bullard-u-businesses-having-151026032.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185304471","content_text":"(Reuters) - U.S. businesses are having few problems raising prices on customers for the first time in years, St. Louis Federal Reserve Bank President James Bullard said on Monday, as he warned that inflation could remain elevated for some time to come amid fears higher expectations become entrenched.\nBullard's business contacts in his Fed district and around the country \"typically say 'don't worry my company's going to be profitable because I am going to raise prices and we've had no difficulty raising prices in this environment,'\" Bullard said during an event held by the International Economic Forum of the Americas.\nBullard is among the strongest advocates at the U.S. central bank for aggressive moves to combat higher-than-expected inflation and he sees two interest rate hikes needed in 2022. Interest rates remain near zero currently, where they have been since the onset of the COVID-19 pandemic in early 2020.\n\"I am concerned about the changing mentality, I would say, around prices in the economy and the relative freedom that businesses feel that they can just pass on increased costs easily to their customers. For years, that's not been the case,\" Bullard added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820879291,"gmtCreate":1633386457590,"gmtModify":1633386457769,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;[财迷]&nbsp;[呆住]&nbsp;","listText":"[开心]&nbsp;[财迷]&nbsp;[呆住]&nbsp;","text":"[开心] [财迷] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820879291","repostId":"2172999307","repostType":4,"repost":{"id":"2172999307","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633359540,"share":"https://www.laohu8.com/m/news/2172999307?lang=&edition=full","pubTime":"2021-10-04 22:59","market":"us","language":"en","title":"Teekay LNG rallies on buyout deal with Stonepeak","url":"https://stock-news.laohu8.com/highlight/detail?id=2172999307","media":"Dow Jones","summary":"MW Teekay LNG rallies on buyout deal with Stonepeak\nTeekay LNG Partners L.P. $(TGP)$ shares are up n","content":"<p>MW <a href=\"https://laohu8.com/S/TK\">Teekay</a> LNG rallies on buyout deal with Stonepeak</p>\n<p>Teekay LNG Partners L.P. <a href=\"https://laohu8.com/S/TGP\">$(TGP)$</a> shares are up nearly 9% to $17.05 after the shipping company said it agreed to be acquired by private equity firm Stonepeak for $17 per common unit, or $6.2 billion, including consolidated and proportionate joint venture net debt and $1.5 billion in common unit equity value. The price is a premium of 8.3% over the stock's closing price on Friday. The deal resulted from a strategic review by Teekay's board. Teekay Gas Group president and CEO Mark Kremin said the deal will give it improved access to competitively priced capital for both fleet renewal and potential growth. Stonepeak managing director James Wyper said the transaction will allow the firm to \"invest in a critical energy transition infrastructure business.\" Teekay LNG currently ranks as the world's third largest independent LNG carrier owner and operator. The deal is expected to close by the end of the year and will result in the common units of Teekay LNG being delisted from the NYSE. Series A and B preferred units of Teekay LNG are expected to remain outstanding and continue to trade on the New York Stock Exchange. Shares of Teekay LNG are up 49% this year compared to a 14.2% rise by the S&amp;P 500 .</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Teekay LNG rallies on buyout deal with Stonepeak</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\">\nTeekay LNG rallies on buyout deal with Stonepeak\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-04 22:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW <a href=\"https://laohu8.com/S/TK\">Teekay</a> LNG rallies on buyout deal with Stonepeak</p>\n<p>Teekay LNG Partners L.P. <a href=\"https://laohu8.com/S/TGP\">$(TGP)$</a> shares are up nearly 9% to $17.05 after the shipping company said it agreed to be acquired by private equity firm Stonepeak for $17 per common unit, or $6.2 billion, including consolidated and proportionate joint venture net debt and $1.5 billion in common unit equity value. The price is a premium of 8.3% over the stock's closing price on Friday. The deal resulted from a strategic review by Teekay's board. Teekay Gas Group president and CEO Mark Kremin said the deal will give it improved access to competitively priced capital for both fleet renewal and potential growth. Stonepeak managing director James Wyper said the transaction will allow the firm to \"invest in a critical energy transition infrastructure business.\" Teekay LNG currently ranks as the world's third largest independent LNG carrier owner and operator. The deal is expected to close by the end of the year and will result in the common units of Teekay LNG being delisted from the NYSE. Series A and B preferred units of Teekay LNG are expected to remain outstanding and continue to trade on the New York Stock Exchange. Shares of Teekay LNG are up 49% this year compared to a 14.2% rise by the S&amp;P 500 .</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGP":"Teekay LNG Partners L.P. Un","TK":"Teekay"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172999307","content_text":"MW Teekay LNG rallies on buyout deal with Stonepeak\nTeekay LNG Partners L.P. $(TGP)$ shares are up nearly 9% to $17.05 after the shipping company said it agreed to be acquired by private equity firm Stonepeak for $17 per common unit, or $6.2 billion, including consolidated and proportionate joint venture net debt and $1.5 billion in common unit equity value. The price is a premium of 8.3% over the stock's closing price on Friday. The deal resulted from a strategic review by Teekay's board. Teekay Gas Group president and CEO Mark Kremin said the deal will give it improved access to competitively priced capital for both fleet renewal and potential growth. Stonepeak managing director James Wyper said the transaction will allow the firm to \"invest in a critical energy transition infrastructure business.\" Teekay LNG currently ranks as the world's third largest independent LNG carrier owner and operator. The deal is expected to close by the end of the year and will result in the common units of Teekay LNG being delisted from the NYSE. Series A and B preferred units of Teekay LNG are expected to remain outstanding and continue to trade on the New York Stock Exchange. Shares of Teekay LNG are up 49% this year compared to a 14.2% rise by the S&P 500 .","news_type":1},"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820879190,"gmtCreate":1633386420290,"gmtModify":1633386420411,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820879190","repostId":"2172799574","repostType":4,"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820847659,"gmtCreate":1633386235948,"gmtModify":1633386236069,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;[开心]&nbsp;","listText":"[开心]&nbsp;[开心]&nbsp;","text":"[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820847659","repostId":"2172996701","repostType":4,"repost":{"id":"2172996701","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633359900,"share":"https://www.laohu8.com/m/news/2172996701?lang=&edition=full","pubTime":"2021-10-04 23:05","market":"us","language":"en","title":"Crypto complex recalls 1920s stock market with 'rampant speculation, manipulation and theft,' says left-leaning think tank","url":"https://stock-news.laohu8.com/highlight/detail?id=2172996701","media":"Dow Jones","summary":"The Center for American Progress, a left-leaning think tank, released a report Monday calling on the","content":"<p>The Center for American Progress, a left-leaning think tank, released a report Monday calling on the Securities and Exchange Commission to aggressively assert its authority over large swaths of the market for digital assets, in the latest signal that the U.S. center-left is becoming increasingly impatient with crypto firms that refuse to submit to the SEC's authority.</p>\n<p>The report, previewed exclusively by MarketWatch and authored by Todd Phillips, CAP's director of financial regulation and corporate governance, argues that SEC Chairman Gary Gensler has the law on his side when he has said that the vast majority of cryptocurrencies being traded today are unregistered securities and that their issuers and brokers and exchanges who trade them are violating federal law.</p>\n<p>\"The SEC is in a pretty difficult situation here, because they are issuing guidance explaining what the law is,\" Phillips said in an interview with MarketWatch. \"They are having meetings with companies, telling them what the law is and they are bringing lawsuits based on what the law is and the industry doesn't seem to care.\"</p>\n<p>Though CAP describes itself as nonpartisan, it \"has strong ties to the Democratic Party establishment,\" according to Influence Watch, and is led by by Patrick Gaspard, a former high-ranking official in the Obama administration. The report could be the latest sign that the debate over crypto regulation is taking on a partisan valence.</p>\n<p>This dynamic was on display at a Senate Banking Committee hearing last month, when Republicans took Gensler to task for not providing the crypto industry with enough clarity as to what makes a digital asset a security and therefore under SEC jurisdiction.</p>\n<p>Republican Sen. Pat Toomey of Pennsylvania has been increasingly critical of what he calls the SEC's \"strategy of regulation by enforcement,\" or the practice of bringing enforcement actions against crypto issuers without \"proactively [providing] rules of the road to the industry,\" according to a September letter the ranking Republican on the Senate Banking Committee sent to Gensler. In August, the ranking Republican on the House Financial Services Committee, North Carolina Rep. Patrick McHenry, accused the SEC Chair of attempting a \"power grab,\" in asserting his agency's jurisdiction over digital asset exchanges.</p>\n<p>Democrats have largely come to Gensler's defense on the issue, who has argued when Congress passed U.S. securities laws they \"painted with a broad brush,\" and that its definition of a security \"included about 35 different things.\"</p>\n<p>Some of the most high profile Democratic lawmakers sitting on committees with jurisdiction over financial markets and crypto have called for the SEC and other financial regulators to get more aggressive with the crypto industry.</p>\n<p>In July, Sen. Sherrod Brown of Ohio, Democratic chairman of the Senate Banking Committee called cryptocurrencies \"funny money\" that was putting \"Americans' hard-earned money at risk,\" while Sen. Mark Warner of Virginia, the Democrat who chairs the Senate Intelligence Committee, has pushed for tougher tax reporting rules on crypto transactions and expressed worry about digital assets enabling cyber crime.</p>\n<p>Democratic Rep. Bill Foster of Illinois, co-chair of the House blockchain caucus, even called for laws to allow federal courts to identify digital-asset holders and then reverse transactions in bitcoin or other digital currencies, a policy that is anathema to many cryptocurrency investors.</p>\n<p>Phillips argued the SEC must get tough in order to protect investors from largely unregistered and unregulated exchanges offering digital assets. In the report, he likened today's digital asset market to the capital markets of the 1920s, \"with rampant speculation, market manipulation, deception and outright theft.\"</p>\n<p>He cited several examples of exchanges that had investor funds stolen through hacking incidents, including the August $600 million theft at Poly Network, a $97 million heist from the exchange Liquid and the 2019 \"siphoning\" of $163 in digital assets by the founder of the QuadrigaCX exchange.</p>\n<p>\"These abuses should not occur, especially as the law already exists to put a stop to most of them,\" Phillips wrote in the report. \"Simply bringing digital-asset securities under the jurisdiction of the securities laws to the greatest extent possible would allow the SEC to address abuses related to\" asset valuation, accounting rules, data privacy, investor insurance and market access, he added.</p>\n<p>Though the SEC has signaled it doesn't consider the two most popular cryptocurrencies, bitcoin and ether to be securities, Gensler has suggested the vast majority of other digital assets are. Even if the SEC cannot regulate bitcoin and ether directly, it can regulate exchanges that offer them, as long as those exchanges trade other digital assets that are securities, Phillips said.</p>\n<p>The CAP report also suggests the SEC should pass rules mandating that issuers of digital assets disclose the environmental impact of their technologies, as the mining and digital assets and validating of transactions on the blockchain can be energy intensive. \"If you disclose blockchain power consumption people will move their investments into coins that use the lowest power blockchains, and that could end up helping the industry use less energy,\" Phillips said.</p>\n<p>CAP's Phillips said there is a range of views in the Democratic caucus on cryptocurrency, but argued that it was perhaps most important for the party to spend more funding the SEC, so it can enforce laws already on the books. President Joe Biden's budget called for a 5% boost to the SEC's in June that financial watchdogs have called \"meager\" and inadequate for the agency to tackle aggressive regulation of an entirely new asset class.</p>\n<p>Gensler agrees, telling CNBC last month that the agency is \"short-staffed\" with about 5% fewer staff than it had five years ago. He argued for a 10% surge in the number of lawyers at the agency to help policy crypto.</p>\n<p>\"The SEC has limited bandwidth to deal with issues,\" CAP's Phillips said. \"They have limited personnel, they have limited time and Congress needs to increase funding so the SEC and other regulators can go after the law breakers.\"</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto complex recalls 1920s stock market with 'rampant speculation, manipulation and theft,' says left-leaning think tank</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\">\nCrypto complex recalls 1920s stock market with 'rampant speculation, manipulation and theft,' says left-leaning think tank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-04 23:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Center for American Progress, a left-leaning think tank, released a report Monday calling on the Securities and Exchange Commission to aggressively assert its authority over large swaths of the market for digital assets, in the latest signal that the U.S. center-left is becoming increasingly impatient with crypto firms that refuse to submit to the SEC's authority.</p>\n<p>The report, previewed exclusively by MarketWatch and authored by Todd Phillips, CAP's director of financial regulation and corporate governance, argues that SEC Chairman Gary Gensler has the law on his side when he has said that the vast majority of cryptocurrencies being traded today are unregistered securities and that their issuers and brokers and exchanges who trade them are violating federal law.</p>\n<p>\"The SEC is in a pretty difficult situation here, because they are issuing guidance explaining what the law is,\" Phillips said in an interview with MarketWatch. \"They are having meetings with companies, telling them what the law is and they are bringing lawsuits based on what the law is and the industry doesn't seem to care.\"</p>\n<p>Though CAP describes itself as nonpartisan, it \"has strong ties to the Democratic Party establishment,\" according to Influence Watch, and is led by by Patrick Gaspard, a former high-ranking official in the Obama administration. The report could be the latest sign that the debate over crypto regulation is taking on a partisan valence.</p>\n<p>This dynamic was on display at a Senate Banking Committee hearing last month, when Republicans took Gensler to task for not providing the crypto industry with enough clarity as to what makes a digital asset a security and therefore under SEC jurisdiction.</p>\n<p>Republican Sen. Pat Toomey of Pennsylvania has been increasingly critical of what he calls the SEC's \"strategy of regulation by enforcement,\" or the practice of bringing enforcement actions against crypto issuers without \"proactively [providing] rules of the road to the industry,\" according to a September letter the ranking Republican on the Senate Banking Committee sent to Gensler. In August, the ranking Republican on the House Financial Services Committee, North Carolina Rep. Patrick McHenry, accused the SEC Chair of attempting a \"power grab,\" in asserting his agency's jurisdiction over digital asset exchanges.</p>\n<p>Democrats have largely come to Gensler's defense on the issue, who has argued when Congress passed U.S. securities laws they \"painted with a broad brush,\" and that its definition of a security \"included about 35 different things.\"</p>\n<p>Some of the most high profile Democratic lawmakers sitting on committees with jurisdiction over financial markets and crypto have called for the SEC and other financial regulators to get more aggressive with the crypto industry.</p>\n<p>In July, Sen. Sherrod Brown of Ohio, Democratic chairman of the Senate Banking Committee called cryptocurrencies \"funny money\" that was putting \"Americans' hard-earned money at risk,\" while Sen. Mark Warner of Virginia, the Democrat who chairs the Senate Intelligence Committee, has pushed for tougher tax reporting rules on crypto transactions and expressed worry about digital assets enabling cyber crime.</p>\n<p>Democratic Rep. Bill Foster of Illinois, co-chair of the House blockchain caucus, even called for laws to allow federal courts to identify digital-asset holders and then reverse transactions in bitcoin or other digital currencies, a policy that is anathema to many cryptocurrency investors.</p>\n<p>Phillips argued the SEC must get tough in order to protect investors from largely unregistered and unregulated exchanges offering digital assets. In the report, he likened today's digital asset market to the capital markets of the 1920s, \"with rampant speculation, market manipulation, deception and outright theft.\"</p>\n<p>He cited several examples of exchanges that had investor funds stolen through hacking incidents, including the August $600 million theft at Poly Network, a $97 million heist from the exchange Liquid and the 2019 \"siphoning\" of $163 in digital assets by the founder of the QuadrigaCX exchange.</p>\n<p>\"These abuses should not occur, especially as the law already exists to put a stop to most of them,\" Phillips wrote in the report. \"Simply bringing digital-asset securities under the jurisdiction of the securities laws to the greatest extent possible would allow the SEC to address abuses related to\" asset valuation, accounting rules, data privacy, investor insurance and market access, he added.</p>\n<p>Though the SEC has signaled it doesn't consider the two most popular cryptocurrencies, bitcoin and ether to be securities, Gensler has suggested the vast majority of other digital assets are. Even if the SEC cannot regulate bitcoin and ether directly, it can regulate exchanges that offer them, as long as those exchanges trade other digital assets that are securities, Phillips said.</p>\n<p>The CAP report also suggests the SEC should pass rules mandating that issuers of digital assets disclose the environmental impact of their technologies, as the mining and digital assets and validating of transactions on the blockchain can be energy intensive. \"If you disclose blockchain power consumption people will move their investments into coins that use the lowest power blockchains, and that could end up helping the industry use less energy,\" Phillips said.</p>\n<p>CAP's Phillips said there is a range of views in the Democratic caucus on cryptocurrency, but argued that it was perhaps most important for the party to spend more funding the SEC, so it can enforce laws already on the books. President Joe Biden's budget called for a 5% boost to the SEC's in June that financial watchdogs have called \"meager\" and inadequate for the agency to tackle aggressive regulation of an entirely new asset class.</p>\n<p>Gensler agrees, telling CNBC last month that the agency is \"short-staffed\" with about 5% fewer staff than it had five years ago. He argued for a 10% surge in the number of lawyers at the agency to help policy crypto.</p>\n<p>\"The SEC has limited bandwidth to deal with issues,\" CAP's Phillips said. \"They have limited personnel, they have limited time and Congress needs to increase funding so the SEC and other regulators can go after the law breakers.\"</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172996701","content_text":"The Center for American Progress, a left-leaning think tank, released a report Monday calling on the Securities and Exchange Commission to aggressively assert its authority over large swaths of the market for digital assets, in the latest signal that the U.S. center-left is becoming increasingly impatient with crypto firms that refuse to submit to the SEC's authority.\nThe report, previewed exclusively by MarketWatch and authored by Todd Phillips, CAP's director of financial regulation and corporate governance, argues that SEC Chairman Gary Gensler has the law on his side when he has said that the vast majority of cryptocurrencies being traded today are unregistered securities and that their issuers and brokers and exchanges who trade them are violating federal law.\n\"The SEC is in a pretty difficult situation here, because they are issuing guidance explaining what the law is,\" Phillips said in an interview with MarketWatch. \"They are having meetings with companies, telling them what the law is and they are bringing lawsuits based on what the law is and the industry doesn't seem to care.\"\nThough CAP describes itself as nonpartisan, it \"has strong ties to the Democratic Party establishment,\" according to Influence Watch, and is led by by Patrick Gaspard, a former high-ranking official in the Obama administration. The report could be the latest sign that the debate over crypto regulation is taking on a partisan valence.\nThis dynamic was on display at a Senate Banking Committee hearing last month, when Republicans took Gensler to task for not providing the crypto industry with enough clarity as to what makes a digital asset a security and therefore under SEC jurisdiction.\nRepublican Sen. Pat Toomey of Pennsylvania has been increasingly critical of what he calls the SEC's \"strategy of regulation by enforcement,\" or the practice of bringing enforcement actions against crypto issuers without \"proactively [providing] rules of the road to the industry,\" according to a September letter the ranking Republican on the Senate Banking Committee sent to Gensler. In August, the ranking Republican on the House Financial Services Committee, North Carolina Rep. Patrick McHenry, accused the SEC Chair of attempting a \"power grab,\" in asserting his agency's jurisdiction over digital asset exchanges.\nDemocrats have largely come to Gensler's defense on the issue, who has argued when Congress passed U.S. securities laws they \"painted with a broad brush,\" and that its definition of a security \"included about 35 different things.\"\nSome of the most high profile Democratic lawmakers sitting on committees with jurisdiction over financial markets and crypto have called for the SEC and other financial regulators to get more aggressive with the crypto industry.\nIn July, Sen. Sherrod Brown of Ohio, Democratic chairman of the Senate Banking Committee called cryptocurrencies \"funny money\" that was putting \"Americans' hard-earned money at risk,\" while Sen. Mark Warner of Virginia, the Democrat who chairs the Senate Intelligence Committee, has pushed for tougher tax reporting rules on crypto transactions and expressed worry about digital assets enabling cyber crime.\nDemocratic Rep. Bill Foster of Illinois, co-chair of the House blockchain caucus, even called for laws to allow federal courts to identify digital-asset holders and then reverse transactions in bitcoin or other digital currencies, a policy that is anathema to many cryptocurrency investors.\nPhillips argued the SEC must get tough in order to protect investors from largely unregistered and unregulated exchanges offering digital assets. In the report, he likened today's digital asset market to the capital markets of the 1920s, \"with rampant speculation, market manipulation, deception and outright theft.\"\nHe cited several examples of exchanges that had investor funds stolen through hacking incidents, including the August $600 million theft at Poly Network, a $97 million heist from the exchange Liquid and the 2019 \"siphoning\" of $163 in digital assets by the founder of the QuadrigaCX exchange.\n\"These abuses should not occur, especially as the law already exists to put a stop to most of them,\" Phillips wrote in the report. \"Simply bringing digital-asset securities under the jurisdiction of the securities laws to the greatest extent possible would allow the SEC to address abuses related to\" asset valuation, accounting rules, data privacy, investor insurance and market access, he added.\nThough the SEC has signaled it doesn't consider the two most popular cryptocurrencies, bitcoin and ether to be securities, Gensler has suggested the vast majority of other digital assets are. Even if the SEC cannot regulate bitcoin and ether directly, it can regulate exchanges that offer them, as long as those exchanges trade other digital assets that are securities, Phillips said.\nThe CAP report also suggests the SEC should pass rules mandating that issuers of digital assets disclose the environmental impact of their technologies, as the mining and digital assets and validating of transactions on the blockchain can be energy intensive. \"If you disclose blockchain power consumption people will move their investments into coins that use the lowest power blockchains, and that could end up helping the industry use less energy,\" Phillips said.\nCAP's Phillips said there is a range of views in the Democratic caucus on cryptocurrency, but argued that it was perhaps most important for the party to spend more funding the SEC, so it can enforce laws already on the books. President Joe Biden's budget called for a 5% boost to the SEC's in June that financial watchdogs have called \"meager\" and inadequate for the agency to tackle aggressive regulation of an entirely new asset class.\nGensler agrees, telling CNBC last month that the agency is \"short-staffed\" with about 5% fewer staff than it had five years ago. He argued for a 10% surge in the number of lawyers at the agency to help policy crypto.\n\"The SEC has limited bandwidth to deal with issues,\" CAP's Phillips said. \"They have limited personnel, they have limited time and Congress needs to increase funding so the SEC and other regulators can go after the law breakers.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":869387381,"gmtCreate":1632249762443,"gmtModify":1632801779641,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/869387381","repostId":"1103252137","repostType":4,"isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818347646,"gmtCreate":1630379526185,"gmtModify":1704959416203,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁","listText":"😁","text":"😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818347646","repostId":"1168575044","repostType":4,"repost":{"id":"1168575044","kind":"news","pubTimestamp":1630378727,"share":"https://www.laohu8.com/m/news/1168575044?lang=&edition=full","pubTime":"2021-08-31 10:58","market":"us","language":"en","title":"Warren Buffett turns 91, prepares Berkshire for new, tech-driven economy - CNBC","url":"https://stock-news.laohu8.com/highlight/detail?id=1168575044","media":"seekingalpha","summary":"Warren Buffett isshowing a greater opennessto investments that stray from Berkshire Hathaway's (BRK.","content":"<p>Warren Buffett isshowing a greater opennessto investments that stray from Berkshire Hathaway's (BRK.A,BRK.B) old economy core, adaptingto the increasingly tech-driven economy, CNBC's Yun Li writes on The Oracle's 91st birthday.</p>\n<p>Berkshire's exposure to tech stocks has grown to 45% of its equity portfolio, thanks to its massive stake in Apple that has ballooned to more than $120B since its initial investment five years ago, and Buffett has dipped into IPOs and pre-IPO investments.</p>\n<p>\"The equity portfolio today is more dynamic than it was 10-15 years ago with the Todds at the helm,\" says Cathy Seifert, Berkshire analyst at&nbsp;CFRA&nbsp;Research, referring to Buffett's investment lieutenants Todd Combs and Ted Weschler.</p>\n<p>But die-hard Buffett watchers awaiting the next big acquisition instead have seen Berkshire focused on returning capital to shareholders, Li writes, noting the company bought back $6B of its own stock in Q2, after repurchasing a record $24.7B last year.</p>\n<p>Buffett's $6B bet a year ago on Japan's five largest trading houses hasgained more than 30%, outpacing the Topix index's 21% rise, but has not sparked a groundswell of international followers, as many investors remain sidelined by uncertainty over COVID-19 and the country's political leadership.</p>\n<p>Seeking Alpha contributor C Jessen believes \"we can expect more aggressive deployment Of Berkshire's $144B cash... when Ted and Todd take over the investment portfolio.\"</p>","source":"seekingalpha","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>Warren Buffett turns 91, prepares Berkshire for new, tech-driven economy - CNBC</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\">\nWarren Buffett turns 91, prepares Berkshire for new, tech-driven economy - CNBC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3735454-warren-buffett-turns-91-prepares-berkshire-for-new-tech-driven-economy-cnbc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett isshowing a greater opennessto investments that stray from Berkshire Hathaway's (BRK.A,BRK.B) old economy core, adaptingto the increasingly tech-driven economy, CNBC's Yun Li writes on ...</p>\n\n<a href=\"https://seekingalpha.com/news/3735454-warren-buffett-turns-91-prepares-berkshire-for-new-tech-driven-economy-cnbc\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://seekingalpha.com/news/3735454-warren-buffett-turns-91-prepares-berkshire-for-new-tech-driven-economy-cnbc","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1168575044","content_text":"Warren Buffett isshowing a greater opennessto investments that stray from Berkshire Hathaway's (BRK.A,BRK.B) old economy core, adaptingto the increasingly tech-driven economy, CNBC's Yun Li writes on The Oracle's 91st birthday.\nBerkshire's exposure to tech stocks has grown to 45% of its equity portfolio, thanks to its massive stake in Apple that has ballooned to more than $120B since its initial investment five years ago, and Buffett has dipped into IPOs and pre-IPO investments.\n\"The equity portfolio today is more dynamic than it was 10-15 years ago with the Todds at the helm,\" says Cathy Seifert, Berkshire analyst at CFRA Research, referring to Buffett's investment lieutenants Todd Combs and Ted Weschler.\nBut die-hard Buffett watchers awaiting the next big acquisition instead have seen Berkshire focused on returning capital to shareholders, Li writes, noting the company bought back $6B of its own stock in Q2, after repurchasing a record $24.7B last year.\nBuffett's $6B bet a year ago on Japan's five largest trading houses hasgained more than 30%, outpacing the Topix index's 21% rise, but has not sparked a groundswell of international followers, as many investors remain sidelined by uncertainty over COVID-19 and the country's political leadership.\nSeeking Alpha contributor C Jessen believes \"we can expect more aggressive deployment Of Berkshire's $144B cash... when Ted and Todd take over the investment portfolio.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813344235,"gmtCreate":1630139342527,"gmtModify":1704956488679,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813344235","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","kind":"news","pubTimestamp":1630111537,"share":"https://www.laohu8.com/m/news/1184130616?lang=&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><i>Does crime pay?</i></p>\n<p>Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,<b>Bernard Ebbers</b>physically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.</p>\n<p>Ebbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”</p>\n<p><b>But ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.</b></p>\n<p><b>A Man In Search Of Himself:</b>&nbsp;Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.</p>\n<p>The Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He&nbsp;attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.</p>\n<p>Ebbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,<b>Linda Pigott,</b>after graduating and landed work teaching science to middle-school students while coaching high school basketball.</p>\n<p>But Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.</p>\n<p>Ebbers’ approach to running a hospitality establishment sometimes bordered on the eccentric.&nbsp;He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.</p>\n<p><b>Calling Out Around The World:</b>Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup of<b>AT&amp;T Inc.'s</b>&nbsp;T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.</p>\n<p>In 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.</p>\n<p>Ebbers and his pals decided to get into the telecommunications business with&nbsp;<b>Long Distance Discount Services,</b>&nbsp;which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.</p>\n<p><b>Carl J. Aycock,</b>a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.</p>\n<p>“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.</p>\n<p>Maybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.</p>\n<p>Within 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in&nbsp;sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.</p>\n<p>Many of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of&nbsp;<b>Advanced Telecommunications Corporation</b>&nbsp;in 1992.</p>\n<p>The unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&amp;T and&nbsp;<b>Sprint Corporation,</b>both considerably larger players in this field.</p>\n<p>The one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to&nbsp;<b>Kristie Webb.</b></p>\n<p>In February 1998, Ebbers’ company launched its acquisition plans for&nbsp;<b>CompuServe</b>&nbsp;from&nbsp;<b>H&amp;R Block Inc</b>.</p>\n<p>This transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition to<b>America Online,</b>while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.</p>\n<p>In September 1998, LDDS WorldCom sealed a $37 billion union with&nbsp;<b>MCI Communications,</b>which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit —&nbsp;except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.</p>\n<p><b>A Little Out Of Touch:</b>One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.</p>\n<p>At the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.</p>\n<p>“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”</p>\n<p>But as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.</p>\n<p>And for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”</p>\n<p>While Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.</p>\n<p><b>In retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw</b>, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.</p>\n<p><b>Detour Off The Cliff:</b>The first cracks in this corporate story began in October 1999 when MCI WorldCom —&nbsp;which had become the second-largest long-distance telephone company in the country —&nbsp;announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.</p>\n<p>With the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.</p>\n<p>Worldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a&nbsp;senior manager ordering&nbsp;a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.</p>\n<p>The company’s chief technical officer,<b>Fred Briggs,</b>then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project —&nbsp;and his directive was shared with other divisions in the company.</p>\n<p>A WorldCom budget analyst named&nbsp;<b>Kim Amigh</b>in the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh —&nbsp;three months after his action, Amigh was abruptly laid off from the company.</p>\n<p>But Vice President of Internal Audit&nbsp;<b>Cynthia Cooper</b>&nbsp;learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 —&nbsp;except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.</p>\n<p>Cooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.</p>\n<p>And Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.</p>\n<p>Adding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.</p>\n<p>To alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000&nbsp;— and then borrowed again&nbsp;and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.</p>\n<p>In June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure&nbsp;later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.</p>\n<p><b>Road’s End:</b>The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.</p>\n<p>Ebbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.</p>\n<p>“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”</p>\n<p>Ebbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.</p>\n<p>He remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.</p>\n<p>After 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.</p>\n<p>In defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.</p>\n<p>Said Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”</p>\n<p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-28 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":813344315,"gmtCreate":1630139309838,"gmtModify":1704956488336,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813344315","repostId":"2162707824","repostType":4,"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":813344960,"gmtCreate":1630139295350,"gmtModify":1704956488165,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813344960","repostId":"2162707824","repostType":4,"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":839954599,"gmtCreate":1629119271711,"gmtModify":1633687285769,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/839954599","repostId":"2159863223","repostType":4,"isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":892799760,"gmtCreate":1628688532450,"gmtModify":1633745127925,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892799760","repostId":"2158258164","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807741339,"gmtCreate":1628062200921,"gmtModify":1633753937214,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁...","listText":"😁...","text":"😁...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807741339","repostId":"1126131791","repostType":4,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807740620,"gmtCreate":1628061958860,"gmtModify":1633753938933,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁","listText":"😁","text":"😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807740620","repostId":"2156174967","repostType":4,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807740949,"gmtCreate":1628061934381,"gmtModify":1633753939173,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😄","listText":"😄","text":"😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeS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10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<blockquote>\n <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>\n</blockquote>\n<p>Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p>\n<p>According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p>\n<p>Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p>\n<p>Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p>\n<p>Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of ...</p>\n\n<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802393985,"gmtCreate":1627714611747,"gmtModify":1633756849589,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/4087121361671570\">@imOxy</a>: 😁😁","listText":"//<a href=\"https://laohu8.com/U/4087121361671570\">@imOxy</a>: 😁😁","text":"//@imOxy: 😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802393985","repostId":"1138566016","repostType":4,"repost":{"id":"1138566016","kind":"news","pubTimestamp":1627689251,"share":"https://www.laohu8.com/m/news/1138566016?lang=&edition=full","pubTime":"2021-07-31 07:54","market":"us","language":"en","title":"It’s Open Season on Closed-End Fund Activists. How Fund Holders Can Win—and Lose","url":"https://stock-news.laohu8.com/highlight/detail?id=1138566016","media":"Barron's","summary":"TheTempleton Global Incomefund frustrated investors for years. Despite star manager Michael Hasensta","content":"<p>TheTempleton Global Incomefund frustrated investors for years. Despite star manager Michael Hasenstab at the helm, the closed-end fund returned an average of 0.3% annually in the past decade, versus an average 7% for peers in global income. Also frustrating, its shares rarely traded close to the fund’s underlying net asset value, or NAV. The discount averaged 11% in the past three years.</p>\n<p>Investors have caught a break, however, thanks to Saba Capital Management, a hedge fund shop run by activist investor Boaz Weinstein. Saba amassed a 20% stake in the Templeton fund and recently won four contested board seats. It has been pressuring the board to take actions to boost the share price. Its moves have paid off: The fund has returned a total 4.5% this year as its share price improved, and the discount to NAV has shrunk to 4%.</p>\n<p>Tactics like Saba’s have long infuriated mutual fund companies; no one wants a hedge fund threatening a coup. Now, with some help from Congress, the playing field could tilt in favor of closed-end funds and their company sponsors, due to a bill recently introduced in the House. That could work against the interests of fund investors.</p>\n<p>The Increasing Investor Opportunities Act, introduced in June by Rep. Anthony Gonzalez (R., Ohio) and Rep. Gregory Meeks (D., New York), includes two measures that could make it much tougher for hedge funds to pressure closed-end funds and win proxy fights. One proposed change would lift the current 15% limit on closed-end-fund ownership of illiquid private funds, such as venture-capital and private-equity funds. A second measure would prevent activist hedge funds from acquiring more than 10% of a closed-end fund’s shares.</p>\n<p>A spokesman for Gonzalez declined to comment. Meeks didn’t respond to requests for comment.</p>\n<p>Proponents of the changes say they would expand access to private markets for retail investors. They also say hedge funds are exploiting gaps in securities laws at a cost to long-term shareholders, saddling them with tax liabilities, higher fees, and forced fund liquidations. The bill would eliminate a “loophole that activist investors have used to extract short-term profits at the expense of retail investors,” the Investment Company Institute, or ICI, said in a recent statement.</p>\n<p>Hedge funds and portfolio managers who invest in closed-end funds say that mutual fund companies are simply trying to protect a pool of assets and fees from shareholder interference. Most retail investors don’t vote their shares in proxy contests. That may leave fund boards largely free to pursue their own agendas.</p>\n<p>“Activism plays an important role, and if this bill passes, it will become more difficult for activists to threaten or create changes,” says Matt Buffington, a portfolio manager at Dryden Capital, an activist hedge fund.</p>\n<p>Gregory Neer, a portfolio manager with Relative Value Partners, an advisory firm that invests in closed-end funds, agrees. “The ability for investors to pressure funds is beneficial to all shareholders,” he says.</p>\n<p>Closed-end funds have long been popular with investors due to their high yields and steady distributions. Many use leverage, borrowing money at market rates to boost payouts. They also generate income with options strategies and investments in high-yielding areas of the stock and bond markets.</p>\n<p>But the funds have structural drawbacks. Expense ratios are steep, averaging 2.1%, according to Morningstar Direct. And since the funds have a fixed number of shares outstanding, prices reflect market demand for both a fund and its underlying assets. Funds usually trade at a discount to NAV. While it is attractive, in theory, to pay 90 cents for a dollar of assets, investors might never see the extra dime.</p>\n<p>Hedge funds aim to exploit this inefficiency, buying closed-end funds at below-market value. They then pressure fund boards to take steps to lift the funds’ prices. The playbook is straightforward: accumulate a stake, win board seats, and then force a fund company into a tender offer, whereby it agrees to repurchase shares at nearly full price.</p>\n<p>If that fails, a hedge fund might try to replace a fund’s manager, orchestrate a liquidation of the fund, or get it converted to an open-end fund—moves that could also pay off with the share price rising to parity with the NAV. Firms like Saba have also taken over funds entirely.</p>\n<p>Giving closed-end funds freedom to own more private securities could throw a wrench into the strategy. Tender offers work only if a fund can liquidate most of its holdings at market prices. Because venture-capital and private-equity holdings generally don’t trade publicly, their pricing isn’t transparent. “When closed-end funds invest in illiquid things, it protects them from activism,” one activist manager tells<i>Barron’s</i>.</p>\n<p>Removing the cap on private-fund ownership is “in line with a legislative agenda of getting retail investors more access to private investments,” says Thomas DeCapo, an attorney for the mutual fund industry.</p>\n<p>And capping activists at 10% of a fund doesn’t stop them from mounting proxy campaigns. “Nothing about this is antidemocratic,” he says. “It doesn’t stop a majority of investors who are unhappy or want change. It stops one investor from using its economic power, with other people’s money, to basically force changes on everybody else.”</p>\n<p>Investor advocates see it differently, however, saying fund investors could wind up paying higher fees for funds that hold more-opaque investments. “It’s just another fund-of-funds structure, and those are notoriously high-fee,” says Tyler Gellasch, head of Healthy Markets, an investor-protection group.</p>\n<p>Individual hedge funds technically can’t own more than 3% of a closed-end fund, under ownership restrictions in the Investment Company Act of 1940. But they skirt the rule by building stakes through affiliated entities, creating enough of a critical mass to force changes at a fund through proxy voting.</p>\n<p>The ICI—the mutual fund industry’s lobby—has tried to persuade regulators to crack down on hedge funds. In a submission to the Securities and Exchange Commission last year, the ICI argued that hedge fund campaigns often consume a fund’s resources, trigger tax liabilities for long-term investors, and result in the forced selling of securities to meet a hedge fund’s demands for a tender offer. A fund’s expense ratio could increase if it is forced to buy back shares and its asset base shrinks.</p>\n<p>The activist community’s “assault” on the industry has had a chilling effect on product launches, the ICI said, resulting in fewer closed-end funds on the market today than in 2007.</p>\n<p>But hedge funds argue that changing the 1940 act would amount to a power grab by mutual funds. “This is all coming from the mutual fund industry, and it’s no coincidence that this protects them,” says Phil Goldstein, co-founder of Bulldog Investors, an activist that has long targeted closed-end funds. “There are funds with terrible performance and wide discounts. The ICI never says we need a mechanism where shareholders can hold those managers accountable.”</p>\n<p>Imposing an ownership cap would also make proxy campaigns less economic. Limited to 10%, hedge funds wouldn’t own enough shares, with sufficient economic interest, to justify the expense of a proxy contest, which can cost millions of dollars. “If you’re limited to 10% and have to spend 2.5% of your assets on a proxy campaign, you’d say it’s too risky,” says Goldstein. “Meanwhile, management isn’t spending anything—just shareholder money. They want to make it economically unattractive to run a proxy contest.”</p>\n<p>Regulators and courts have expressed skepticism about some defenses that closed-end funds have adopted to prevent shareholder challenges. And, the SEC might not side with the fund industry. Since 2010, the SEC has warned fund companies against using state securities laws to thwart hedge fund takeovers. The SEC dropped its objection to these state “control share” laws last year under its Republican chairman, Jay Clayton. But the new, Democratic chairman, Gary Gensler, might reinstate the SEC’s objection—a reason for the industry to enlist Congress to change the law. The SEC didn’t respond to requests for comment.</p>\n<p>Institutional Shareholder Services,a firm that makes recommendations on proxy voting, says investors should reject fund companies’ use of state control-share laws, which limit the voting rights of shareholders. With the SEC on the sidelines, ISS says, “CEF shareholders are denied important voting rights and are subject to management entrenchment.”</p>\n<p><img src=\"https://static.tigerbbs.com/70323ed9daef142f19afd48be72b6299\" tg-width=\"755\" tg-height=\"334\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/68beb47d59eb02e90b04eb7093f9f17b\" tg-width=\"759\" tg-height=\"285\" referrerpolicy=\"no-referrer\">Hedge funds don’t always win, but investors might want to ride along as activists build a stake. “When an activist comes in, you usually see an increase in the share price and a decrease in the discount,” says Matt Souther, an associate finance professor at the University of South Carolina.</p>\n<p>Templeton Global Income’s (ticker: GIM) discount to NAV could narrow further if Saba acquires more shares or tries to take over the fund’s $743 million in assets. Saba recently took over management of another fund, Voya Prime Rate Trust, which it rebrandedSaba Capital Income &amp; Opportunities(BRW).Franklin Templetonand Saba declined to comment.</p>\n<p>Miller/Howard High Income Equity(HIE) is also in Saba’s crosshairs. The fund is a “term trust” with a mandated liquidation date in 2024. It trades at a 5.9% discount to NAV. “In a worst-case scenario, you buy it at a discount and you’ll earn an excess return from now to 2024 because that discount will narrow,” says Patrick Galley, co-manager ofRiverNorth Opportunities(RIV), a closed-end fund that owns HIE.</p>\n<p>Other closed-end funds in which Saba owns stakes includeSource Capital(SOR) andInvesco Dynamic Credit Opportunities(VTA). Bulldog has built a position inTortoise Energy Independence(NDP).</p>\n<p>Some closed-end funds look attractive on their fundamentals.Adams Diversified Equity(ADX) offers exposure to big tech stocks, trades at a 14% discount to NAV, and is committed to an annualized distribution of at least 6%. “For investors who expect tech to do well, ADX is a good holding,” says David Tepper, a closed-end investor and head of Tepper Capital Management in San Francisco.</p>\n<p>Sprott Focus Trust(FUND) is another fund he likes. Veteran small-cap manager Whitney George runs it, and his family owns 45% of the shares. It trades at a 10% discount and yields 5.7%. Tepper also favorsRoyce Global Value Trust(RGT), trading at a 9% discount and yielding 7.9%.</p>\n<p>None of these funds has attracted much activist involvement, according to securities filings. But if activists see opportunity, they could pile in and pressure fund management—assuming that Congress doesn’t rewrite the rules of engagement.</p>","source":"lsy1610680873436","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>It’s Open Season on Closed-End Fund Activists. How Fund Holders Can Win—and Lose</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\">\nIt’s Open Season on Closed-End Fund Activists. How Fund Holders Can Win—and Lose\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-31 07:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/congress-closed-end-funds-legislation-51627657959?mod=newsviewer_click><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TheTempleton Global Incomefund frustrated investors for years. Despite star manager Michael Hasenstab at the helm, the closed-end fund returned an average of 0.3% annually in the past decade, versus ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/congress-closed-end-funds-legislation-51627657959?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/articles/congress-closed-end-funds-legislation-51627657959?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138566016","content_text":"TheTempleton Global Incomefund frustrated investors for years. Despite star manager Michael Hasenstab at the helm, the closed-end fund returned an average of 0.3% annually in the past decade, versus an average 7% for peers in global income. Also frustrating, its shares rarely traded close to the fund’s underlying net asset value, or NAV. The discount averaged 11% in the past three years.\nInvestors have caught a break, however, thanks to Saba Capital Management, a hedge fund shop run by activist investor Boaz Weinstein. Saba amassed a 20% stake in the Templeton fund and recently won four contested board seats. It has been pressuring the board to take actions to boost the share price. Its moves have paid off: The fund has returned a total 4.5% this year as its share price improved, and the discount to NAV has shrunk to 4%.\nTactics like Saba’s have long infuriated mutual fund companies; no one wants a hedge fund threatening a coup. Now, with some help from Congress, the playing field could tilt in favor of closed-end funds and their company sponsors, due to a bill recently introduced in the House. That could work against the interests of fund investors.\nThe Increasing Investor Opportunities Act, introduced in June by Rep. Anthony Gonzalez (R., Ohio) and Rep. Gregory Meeks (D., New York), includes two measures that could make it much tougher for hedge funds to pressure closed-end funds and win proxy fights. One proposed change would lift the current 15% limit on closed-end-fund ownership of illiquid private funds, such as venture-capital and private-equity funds. A second measure would prevent activist hedge funds from acquiring more than 10% of a closed-end fund’s shares.\nA spokesman for Gonzalez declined to comment. Meeks didn’t respond to requests for comment.\nProponents of the changes say they would expand access to private markets for retail investors. They also say hedge funds are exploiting gaps in securities laws at a cost to long-term shareholders, saddling them with tax liabilities, higher fees, and forced fund liquidations. The bill would eliminate a “loophole that activist investors have used to extract short-term profits at the expense of retail investors,” the Investment Company Institute, or ICI, said in a recent statement.\nHedge funds and portfolio managers who invest in closed-end funds say that mutual fund companies are simply trying to protect a pool of assets and fees from shareholder interference. Most retail investors don’t vote their shares in proxy contests. That may leave fund boards largely free to pursue their own agendas.\n“Activism plays an important role, and if this bill passes, it will become more difficult for activists to threaten or create changes,” says Matt Buffington, a portfolio manager at Dryden Capital, an activist hedge fund.\nGregory Neer, a portfolio manager with Relative Value Partners, an advisory firm that invests in closed-end funds, agrees. “The ability for investors to pressure funds is beneficial to all shareholders,” he says.\nClosed-end funds have long been popular with investors due to their high yields and steady distributions. Many use leverage, borrowing money at market rates to boost payouts. They also generate income with options strategies and investments in high-yielding areas of the stock and bond markets.\nBut the funds have structural drawbacks. Expense ratios are steep, averaging 2.1%, according to Morningstar Direct. And since the funds have a fixed number of shares outstanding, prices reflect market demand for both a fund and its underlying assets. Funds usually trade at a discount to NAV. While it is attractive, in theory, to pay 90 cents for a dollar of assets, investors might never see the extra dime.\nHedge funds aim to exploit this inefficiency, buying closed-end funds at below-market value. They then pressure fund boards to take steps to lift the funds’ prices. The playbook is straightforward: accumulate a stake, win board seats, and then force a fund company into a tender offer, whereby it agrees to repurchase shares at nearly full price.\nIf that fails, a hedge fund might try to replace a fund’s manager, orchestrate a liquidation of the fund, or get it converted to an open-end fund—moves that could also pay off with the share price rising to parity with the NAV. Firms like Saba have also taken over funds entirely.\nGiving closed-end funds freedom to own more private securities could throw a wrench into the strategy. Tender offers work only if a fund can liquidate most of its holdings at market prices. Because venture-capital and private-equity holdings generally don’t trade publicly, their pricing isn’t transparent. “When closed-end funds invest in illiquid things, it protects them from activism,” one activist manager tellsBarron’s.\nRemoving the cap on private-fund ownership is “in line with a legislative agenda of getting retail investors more access to private investments,” says Thomas DeCapo, an attorney for the mutual fund industry.\nAnd capping activists at 10% of a fund doesn’t stop them from mounting proxy campaigns. “Nothing about this is antidemocratic,” he says. “It doesn’t stop a majority of investors who are unhappy or want change. It stops one investor from using its economic power, with other people’s money, to basically force changes on everybody else.”\nInvestor advocates see it differently, however, saying fund investors could wind up paying higher fees for funds that hold more-opaque investments. “It’s just another fund-of-funds structure, and those are notoriously high-fee,” says Tyler Gellasch, head of Healthy Markets, an investor-protection group.\nIndividual hedge funds technically can’t own more than 3% of a closed-end fund, under ownership restrictions in the Investment Company Act of 1940. But they skirt the rule by building stakes through affiliated entities, creating enough of a critical mass to force changes at a fund through proxy voting.\nThe ICI—the mutual fund industry’s lobby—has tried to persuade regulators to crack down on hedge funds. In a submission to the Securities and Exchange Commission last year, the ICI argued that hedge fund campaigns often consume a fund’s resources, trigger tax liabilities for long-term investors, and result in the forced selling of securities to meet a hedge fund’s demands for a tender offer. A fund’s expense ratio could increase if it is forced to buy back shares and its asset base shrinks.\nThe activist community’s “assault” on the industry has had a chilling effect on product launches, the ICI said, resulting in fewer closed-end funds on the market today than in 2007.\nBut hedge funds argue that changing the 1940 act would amount to a power grab by mutual funds. “This is all coming from the mutual fund industry, and it’s no coincidence that this protects them,” says Phil Goldstein, co-founder of Bulldog Investors, an activist that has long targeted closed-end funds. “There are funds with terrible performance and wide discounts. The ICI never says we need a mechanism where shareholders can hold those managers accountable.”\nImposing an ownership cap would also make proxy campaigns less economic. Limited to 10%, hedge funds wouldn’t own enough shares, with sufficient economic interest, to justify the expense of a proxy contest, which can cost millions of dollars. “If you’re limited to 10% and have to spend 2.5% of your assets on a proxy campaign, you’d say it’s too risky,” says Goldstein. “Meanwhile, management isn’t spending anything—just shareholder money. They want to make it economically unattractive to run a proxy contest.”\nRegulators and courts have expressed skepticism about some defenses that closed-end funds have adopted to prevent shareholder challenges. And, the SEC might not side with the fund industry. Since 2010, the SEC has warned fund companies against using state securities laws to thwart hedge fund takeovers. The SEC dropped its objection to these state “control share” laws last year under its Republican chairman, Jay Clayton. But the new, Democratic chairman, Gary Gensler, might reinstate the SEC’s objection—a reason for the industry to enlist Congress to change the law. The SEC didn’t respond to requests for comment.\nInstitutional Shareholder Services,a firm that makes recommendations on proxy voting, says investors should reject fund companies’ use of state control-share laws, which limit the voting rights of shareholders. With the SEC on the sidelines, ISS says, “CEF shareholders are denied important voting rights and are subject to management entrenchment.”\nHedge funds don’t always win, but investors might want to ride along as activists build a stake. “When an activist comes in, you usually see an increase in the share price and a decrease in the discount,” says Matt Souther, an associate finance professor at the University of South Carolina.\nTempleton Global Income’s (ticker: GIM) discount to NAV could narrow further if Saba acquires more shares or tries to take over the fund’s $743 million in assets. Saba recently took over management of another fund, Voya Prime Rate Trust, which it rebrandedSaba Capital Income & Opportunities(BRW).Franklin Templetonand Saba declined to comment.\nMiller/Howard High Income Equity(HIE) is also in Saba’s crosshairs. The fund is a “term trust” with a mandated liquidation date in 2024. It trades at a 5.9% discount to NAV. “In a worst-case scenario, you buy it at a discount and you’ll earn an excess return from now to 2024 because that discount will narrow,” says Patrick Galley, co-manager ofRiverNorth Opportunities(RIV), a closed-end fund that owns HIE.\nOther closed-end funds in which Saba owns stakes includeSource Capital(SOR) andInvesco Dynamic Credit Opportunities(VTA). Bulldog has built a position inTortoise Energy Independence(NDP).\nSome closed-end funds look attractive on their fundamentals.Adams Diversified Equity(ADX) offers exposure to big tech stocks, trades at a 14% discount to NAV, and is committed to an annualized distribution of at least 6%. “For investors who expect tech to do well, ADX is a good holding,” says David Tepper, a closed-end investor and head of Tepper Capital Management in San Francisco.\nSprott Focus Trust(FUND) is another fund he likes. Veteran small-cap manager Whitney George runs it, and his family owns 45% of the shares. It trades at a 10% discount and yields 5.7%. Tepper also favorsRoyce Global Value Trust(RGT), trading at a 9% discount and yielding 7.9%.\nNone of these funds has attracted much activist involvement, according to securities filings. But if activists see opportunity, they could pile in and pressure fund management—assuming that Congress doesn’t rewrite the rules of engagement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":892799760,"gmtCreate":1628688532450,"gmtModify":1633745127925,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892799760","repostId":"2158258164","repostType":4,"repost":{"id":"2158258164","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628688185,"share":"https://www.laohu8.com/m/news/2158258164?lang=&edition=full","pubTime":"2021-08-11 21:23","market":"us","language":"en","title":"Buffett-backed Nubank hires investment banks to lead IPO - source","url":"https://stock-news.laohu8.com/highlight/detail?id=2158258164","media":"Reuters","summary":"Aug 9 (Reuters) - Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway, ","content":"<p>Aug 9 (Reuters) - Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway, has hired <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, Goldman Sachs and Citigroup to help lead its U.S. initial public offering, a source familiar with the matter said on Monday.</p>\n<p>Reuters reported in June that Nubank had invited investment banks to pitch for roles in the upcoming IPO, which could value the company at more than $40 billion.</p>\n<p>At that valuation, Nubank's IPO would be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest- ever stock market debuts of a South American company, putting it on par with other high-profile offerings such as that of online brokerage Robinhood Markets Inc, which went public in July.</p>\n<p>Nubank is expected to file for the IPO by the end of this year or early 2022, sources have told Reuters.</p>\n<p>Nubank, whose legal name is Nu Pagamentos, declined to comment on the matter. Morgan Stanley, Citi and Goldman Sachs declined to comment.</p>\n<p>In June, Nubank raised $750 million in a funding round led by Berkshire Hathaway Inc, valuing it at $30 billion.</p>\n<p>Founded in 2013, Nubank has 40 million clients. Although most of them are in Brazil, the fintech has recently expanded to Mexico and Colombia.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett-backed Nubank hires investment banks to lead IPO - source</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\">\nBuffett-backed Nubank hires investment banks to lead IPO - source\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-11 21:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 9 (Reuters) - Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway, has hired <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, Goldman Sachs and Citigroup to help lead its U.S. initial public offering, a source familiar with the matter said on Monday.</p>\n<p>Reuters reported in June that Nubank had invited investment banks to pitch for roles in the upcoming IPO, which could value the company at more than $40 billion.</p>\n<p>At that valuation, Nubank's IPO would be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest- ever stock market debuts of a South American company, putting it on par with other high-profile offerings such as that of online brokerage Robinhood Markets Inc, which went public in July.</p>\n<p>Nubank is expected to file for the IPO by the end of this year or early 2022, sources have told Reuters.</p>\n<p>Nubank, whose legal name is Nu Pagamentos, declined to comment on the matter. Morgan Stanley, Citi and Goldman Sachs declined to comment.</p>\n<p>In June, Nubank raised $750 million in a funding round led by Berkshire Hathaway Inc, valuing it at $30 billion.</p>\n<p>Founded in 2013, Nubank has 40 million clients. Although most of them are in Brazil, the fintech has recently expanded to Mexico and Colombia.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","GS":"高盛","MS":"摩根士丹利","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","HOOD":"Robinhood"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158258164","content_text":"Aug 9 (Reuters) - Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway, has hired Morgan Stanley, Goldman Sachs and Citigroup to help lead its U.S. initial public offering, a source familiar with the matter said on Monday.\nReuters reported in June that Nubank had invited investment banks to pitch for roles in the upcoming IPO, which could value the company at more than $40 billion.\nAt that valuation, Nubank's IPO would be one of the biggest- ever stock market debuts of a South American company, putting it on par with other high-profile offerings such as that of online brokerage Robinhood Markets Inc, which went public in July.\nNubank is expected to file for the IPO by the end of this year or early 2022, sources have told Reuters.\nNubank, whose legal name is Nu Pagamentos, declined to comment on the matter. Morgan Stanley, Citi and Goldman Sachs declined to comment.\nIn June, Nubank raised $750 million in a funding round led by Berkshire Hathaway Inc, valuing it at $30 billion.\nFounded in 2013, Nubank has 40 million clients. Although most of them are in Brazil, the fintech has recently expanded to Mexico and Colombia.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":839954599,"gmtCreate":1629119271711,"gmtModify":1633687285769,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/839954599","repostId":"2159863223","repostType":4,"repost":{"id":"2159863223","kind":"highlight","pubTimestamp":1629117060,"share":"https://www.laohu8.com/m/news/2159863223?lang=&edition=full","pubTime":"2021-08-16 20:31","market":"us","language":"en","title":"3 Popular Robinhood Dividend Stocks You Can Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2159863223","media":"Motley Fool","summary":"There are good reasons why Robinhood investors like these stocks so much.","content":"<p><a href=\"https://laohu8.com/S/BPOPM\">Popular</a> <b>Robinhood</b> stocks and dividends might seem to go together like orange juice and toothpaste. Robinhood investors tend to like growth stocks that don't pay dividends and might never do so.</p>\n<p>However, there are probably more dividend stocks among the 100 most popular stocks on Robinhood than you might think. And several of them offer not only solid dividends, but decent growth prospects as well. Here are three popular Robinhood dividend stocks you can buy right now.</p>\n<p><img src=\"https://static.tigerbbs.com/63ddb53e458a9b236b54476a8e33eb7e\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Bank of America</h2>\n<p>With so many fintech stocks to choose from, it could be a little surprising that&nbsp;<b>Bank of America</b> (NYSE:BAC) ranks as the most widely held financial stock for Robinhood investors. Bank of America isn't a stodgy bank stock, though. Its shares have soared nearly 60% over the last 12 months and are up close to 40% so far this year.</p>\n<p>The company offers a solid dividend that currently yields around 2%. Although BofA didn't increase its dividend in 2020 because of the effects of COVID-19, it has boosted the dividend payout by an impressive 180% over the last five years.</p>\n<p>Some investors might be worried that Bank of America missed revenue estimates in the second quarter of 2021. This rare miss was due primarily to lower-than-expected trading revenue in the company's investment banking unit. The good news is that BofA's core banking business performed quite well.</p>\n<p>Bank of America should benefit as the global economy recovers from the COVID-19 pandemic. The company's investments in technology differentiate BofA from its peers. Robinhood investors like this bank stock for a good reason.</p>\n<h2>Johnson &amp; Johnson</h2>\n<p>No other stock on Robinhood's 100 most popular list comes with the dividend pedigree of&nbsp;<b>Johnson &amp; Johnson</b> (NYSE:JNJ). The healthcare giant is a Dividend King -- an elite group of <b>S&amp;P 500</b> stocks that have increased their dividends for at least 50 consecutive years. J&amp;J's streak of dividend hikes stands at 59 years in a row. Its dividend yields north of 2.4%.</p>\n<p>Johnson &amp; Johnson provides stability that's nearly unmatched. The company's diversification across healthcare certainly helps. J&amp;J is a leader in consumer health, medical devices, and pharmaceuticals. It has 28 different platforms or products that generated more than $1 billion in sales last year. Roughly 70% of its total revenue comes from products that are either No. 1 or No. 2 based on global market share.</p>\n<p>To be sure, Johnson &amp; Johnson faces some challenges. The company has been embroiled in high-profile litigation on multiple fronts. Sales are falling for its former top-selling drug, Remicade, due to biosimilar competition.</p>\n<p>However, J&amp;J has survived and thrived through more difficult times over the last 135 years. Its overall business continues to deliver solid growth. There are few dividend stocks -- including those that aren't widely held by Robinhood investors -- that are better choices to buy and hold over the long term than Johnson &amp; Johnson.</p>\n<h2>Pfizer</h2>\n<p>Johnson &amp; Johnson isn't the only big pharma stock that Robinhood investors like.&nbsp;<b>Pfizer</b> (NYSE:PFE) is even more popular, currently ranking No. 14 on the trading platform's top 100 stocks list.</p>\n<p>Although Pfizer isn't a member of dividend royalty like J&amp;J is, the company offers an attractive dividend yield of 3.3%. That yield topped 4% throughout the first several months of 2020. However, Pfizer's shares have soared over 30% year to date, causing its dividend yield to decline.</p>\n<p>You can probably guess why Pfizer stock has performed so well. The company's COVID-19 vaccine has become a massive commercial success. Pfizer expects the vaccine will generate sales of $33.5 billion this year, with its partner <b>BioNTech</b> receiving half of the profits. That total will make the vaccine the biggest-selling drug or vaccine in the world.</p>\n<p>There are some uncertainties about how long the COVID-19 vaccine gravy train will last. Some key patents for several of Pfizer's drugs also expire later this decade. However, Pfizer has other drugs that should generate strong growth. It also has a huge and growing cash stockpile that it could (and probably will) use to make acquisitions.</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 Popular Robinhood Dividend Stocks You Can Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Popular Robinhood Dividend Stocks You Can Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-16 20:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/16/3-popular-robinhood-dividend-stocks-you-can-buy-ri/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Popular Robinhood stocks and dividends might seem to go together like orange juice and toothpaste. Robinhood investors tend to like growth stocks that don't pay dividends and might never do so.\n...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/16/3-popular-robinhood-dividend-stocks-you-can-buy-ri/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BAC":"美国银行","JNJ":"强生","BPOP":"大众银行"},"source_url":"https://www.fool.com/investing/2021/08/16/3-popular-robinhood-dividend-stocks-you-can-buy-ri/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159863223","content_text":"Popular Robinhood stocks and dividends might seem to go together like orange juice and toothpaste. Robinhood investors tend to like growth stocks that don't pay dividends and might never do so.\nHowever, there are probably more dividend stocks among the 100 most popular stocks on Robinhood than you might think. And several of them offer not only solid dividends, but decent growth prospects as well. Here are three popular Robinhood dividend stocks you can buy right now.\n\nImage source: Getty Images.\nBank of America\nWith so many fintech stocks to choose from, it could be a little surprising that Bank of America (NYSE:BAC) ranks as the most widely held financial stock for Robinhood investors. Bank of America isn't a stodgy bank stock, though. Its shares have soared nearly 60% over the last 12 months and are up close to 40% so far this year.\nThe company offers a solid dividend that currently yields around 2%. Although BofA didn't increase its dividend in 2020 because of the effects of COVID-19, it has boosted the dividend payout by an impressive 180% over the last five years.\nSome investors might be worried that Bank of America missed revenue estimates in the second quarter of 2021. This rare miss was due primarily to lower-than-expected trading revenue in the company's investment banking unit. The good news is that BofA's core banking business performed quite well.\nBank of America should benefit as the global economy recovers from the COVID-19 pandemic. The company's investments in technology differentiate BofA from its peers. Robinhood investors like this bank stock for a good reason.\nJohnson & Johnson\nNo other stock on Robinhood's 100 most popular list comes with the dividend pedigree of Johnson & Johnson (NYSE:JNJ). The healthcare giant is a Dividend King -- an elite group of S&P 500 stocks that have increased their dividends for at least 50 consecutive years. J&J's streak of dividend hikes stands at 59 years in a row. Its dividend yields north of 2.4%.\nJohnson & Johnson provides stability that's nearly unmatched. The company's diversification across healthcare certainly helps. J&J is a leader in consumer health, medical devices, and pharmaceuticals. It has 28 different platforms or products that generated more than $1 billion in sales last year. Roughly 70% of its total revenue comes from products that are either No. 1 or No. 2 based on global market share.\nTo be sure, Johnson & Johnson faces some challenges. The company has been embroiled in high-profile litigation on multiple fronts. Sales are falling for its former top-selling drug, Remicade, due to biosimilar competition.\nHowever, J&J has survived and thrived through more difficult times over the last 135 years. Its overall business continues to deliver solid growth. There are few dividend stocks -- including those that aren't widely held by Robinhood investors -- that are better choices to buy and hold over the long term than Johnson & Johnson.\nPfizer\nJohnson & Johnson isn't the only big pharma stock that Robinhood investors like. Pfizer (NYSE:PFE) is even more popular, currently ranking No. 14 on the trading platform's top 100 stocks list.\nAlthough Pfizer isn't a member of dividend royalty like J&J is, the company offers an attractive dividend yield of 3.3%. That yield topped 4% throughout the first several months of 2020. However, Pfizer's shares have soared over 30% year to date, causing its dividend yield to decline.\nYou can probably guess why Pfizer stock has performed so well. The company's COVID-19 vaccine has become a massive commercial success. Pfizer expects the vaccine will generate sales of $33.5 billion this year, with its partner BioNTech receiving half of the profits. That total will make the vaccine the biggest-selling drug or vaccine in the world.\nThere are some uncertainties about how long the COVID-19 vaccine gravy train will last. Some key patents for several of Pfizer's drugs also expire later this decade. However, Pfizer has other drugs that should generate strong growth. It also has a huge and growing cash stockpile that it could (and probably will) use to make acquisitions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807741339,"gmtCreate":1628062200921,"gmtModify":1633753937214,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁...","listText":"😁...","text":"😁...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807741339","repostId":"1126131791","repostType":4,"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807740620,"gmtCreate":1628061958860,"gmtModify":1633753938933,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁","listText":"😁","text":"😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807740620","repostId":"2156174967","repostType":4,"repost":{"id":"2156174967","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628060758,"share":"https://www.laohu8.com/m/news/2156174967?lang=&edition=full","pubTime":"2021-08-04 15:05","market":"hk","language":"en","title":"ByteDance rival Kuaishou to end services of short video app Zynn this month","url":"https://stock-news.laohu8.com/highlight/detail?id=2156174967","media":"Reuters","summary":"BEIJING, Aug 4 (Reuters) - ByteDance rival Kuaishou Technology said on Wednesday it would stop servi","content":"<p>BEIJING, Aug 4 (Reuters) - ByteDance rival Kuaishou Technology said on Wednesday it would stop services of its short video app Zynn on Aug. 20.</p>\n<p>The termination of Zynn is part of its normal operations, and the company's other products for markets outside China will not be affected, Kuaishou said in a statement.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance rival Kuaishou to end services of short video app Zynn this month</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\">\nByteDance rival Kuaishou to end services of short video app Zynn this month\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-04 15:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Aug 4 (Reuters) - ByteDance rival Kuaishou Technology said on Wednesday it would stop services of its short video app Zynn on Aug. 20.</p>\n<p>The termination of Zynn is part of its normal operations, and the company's other products for markets outside China will not be affected, Kuaishou said in a statement.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156174967","content_text":"BEIJING, Aug 4 (Reuters) - ByteDance rival Kuaishou Technology said on Wednesday it would stop services of its short video app Zynn on Aug. 20.\nThe termination of Zynn is part of its normal operations, and the company's other products for markets outside China will not be affected, Kuaishou said in a statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":820879190,"gmtCreate":1633386420290,"gmtModify":1633386420411,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820879190","repostId":"2172799574","repostType":4,"repost":{"id":"2172799574","kind":"highlight","pubTimestamp":1633358220,"share":"https://www.laohu8.com/m/news/2172799574?lang=&edition=full","pubTime":"2021-10-04 22:37","market":"us","language":"en","title":"Market Sell-Off: 1 Tech Stock That Could Triple in 5 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2172799574","media":"Motley Fool","summary":"Fastly's share price has taken a beating over the last year.","content":"<p>Last week, all three major U.S. indices took a hit, though the tech-heavy <b>Nasdaq Composite</b> fell further than the <b>S&amp;P 500</b> or the <b>Dow Jones Industrial Average</b>. Unfortunately, this sell-off added to the pain of previous losses for some shareholders, myself included. For instance, <b>Fastly</b> (NYSE:FSLY) stock is now down about 70% from its all-time high.</p>\n<p>However, dips in the market can be buying opportunities when we are talking about a good company, especially if the company in question still has strong prospects for future growth. And I think Fastly checks that box. In fact, I think this tech stock could grow threefold in the next five years.</p>\n<p>Here's why.</p>\n<h2>The promise of edge computing</h2>\n<p>Fastly makes the internet faster. Its edge cloud platform accelerates and secures the delivery of content (e.g. applications, streaming media), ensuring a good experience for end-users like you and me. To do this, Fastly's global network -- composed of servers strategically positioned near internet exchange points -- sits between its customers' data centers and their end users' devices, effectively reducing the distance data must travel to reach its destination.</p>\n<p>Why does this matter? Latency makes for a poor user experience. If a website or mobile app loads too slowly, people tend to abandon the service. This truth is made more pressing by digital transformation. As more companies engage with consumers through the internet, providing a high-quality digital experience becomes more critical.</p>\n<p>To that end, Fastly puts its market opportunity at $36.2 billion by 2022.</p>\n<h2>Competitive position</h2>\n<p>Fastly built its edge cloud for the modern internet. Its network is composed of fewer, more powerful&nbsp;servers than traditional content delivery networks like <b>Akamai</b>. That means its edge cloud can handle more requests more quickly, so fewer requests are routed back to the client's data center. In turn, that translates into better performance and cost savings.</p>\n<p>Fastly also benefits from its cloud-agnostic position, meaning its platform is not associated with or biased toward any public cloud, like<b> Microsoft</b> Azure or <b>Amazon </b>Web Services (AWS). Fastly works with all of them, intelligently routing traffic across different infrastructures. This means its clients can work with their preferred cloud vendors while monitoring all networks from a single platform.</p>\n<h2>Financial performance</h2>\n<p>During the second quarter of 2021, an outage in Fastly's network caused a significant disruption for many websites, leading the company to post lackluster financial results. Revenue grew just 14%, and management lowered guidance for the third quarter. Even worse, CEO Joshua Bixby noted that a large customer had not yet returned to the platform as of the Q2 earnings call.</p>\n<p>According to CDN Planet, this unnamed customer is likely Amazon, since the retail giant stopped using Fastly shortly after the outage. However, Amazon did return to the platform in August, meaning Fastly may impress Wall Street when it announces third-quarter earnings on Oct. 27.</p>\n<p>Despite these recent headwinds, Fastly's financial performance looks a little more impressive over the long term.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>Q2 2019 (TTM)</p></th>\n   <th><p>Q2 2021 (TTM)</p></th>\n   <th><p>CAGR</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"156\"><p>Customers</p></td>\n   <td width=\"156\"><p>1,627</p></td>\n   <td width=\"156\"><p>2,581</p></td>\n   <td width=\"156\"><p>26%</p></td>\n  </tr>\n  <tr>\n   <td width=\"156\"><p>Revenue</p></td>\n   <td width=\"156\"><p>$169.4 million</p></td>\n   <td width=\"156\"><p>$323.2 million</p></td>\n   <td width=\"156\"><p>38%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Fastly&nbsp;SEC&nbsp;Filings, YCharts. TTM = trailing 12 months. CAGR = compound annual growth rate.</p>\n<p>Looking ahead, Fastly has plenty of room to grow its business and management is executing on several opportunities. Last year, the company acquired Signal Sciences, broadening its security portfolio. During the most recent quarter, Fastly launched a beta version of the Signal Sciences agent on its edge cloud, and it introduced its first managed security offering. Collectively, these services help the company further differentiate itself from rivals.</p>\n<p>Fastly is also seeing traction with its Compute@Edge product, a new service that enables developers to build applications directly on Fastly's network. Compared to rival solutions, Compute@Edge offers 100 times&nbsp;faster code execution, which means better performance for end users. And during the most recent quarter, Fastly added new customers across a range of industries, from gaming to e-commerce.</p>\n<h2>The potential for threefold returns</h2>\n<p>Fastly still has a lot to prove, and investors should monitor its ability to add new customers. But the world is only becoming more digital, and that should create demand for Fastly's edge cloud in the coming years.</p>\n<p>More to the point, with a market cap of $4.7 billion, Fastly is three times smaller than Akamai. But if the company can maintain its top-line momentum, its share price could easily triple in the next five years. That's why now looks like a good time to add this growth stock to your portfolio.</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>Market Sell-Off: 1 Tech Stock That Could Triple in 5 Years</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\">\nMarket Sell-Off: 1 Tech Stock That Could Triple in 5 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-04 22:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/04/market-sell-off-1-tech-stock-that-could-triple/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, all three major U.S. indices took a hit, though the tech-heavy Nasdaq Composite fell further than the S&P 500 or the Dow Jones Industrial Average. Unfortunately, this sell-off added to the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/04/market-sell-off-1-tech-stock-that-could-triple/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSLY":"Fastly, Inc."},"source_url":"https://www.fool.com/investing/2021/10/04/market-sell-off-1-tech-stock-that-could-triple/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172799574","content_text":"Last week, all three major U.S. indices took a hit, though the tech-heavy Nasdaq Composite fell further than the S&P 500 or the Dow Jones Industrial Average. Unfortunately, this sell-off added to the pain of previous losses for some shareholders, myself included. For instance, Fastly (NYSE:FSLY) stock is now down about 70% from its all-time high.\nHowever, dips in the market can be buying opportunities when we are talking about a good company, especially if the company in question still has strong prospects for future growth. And I think Fastly checks that box. In fact, I think this tech stock could grow threefold in the next five years.\nHere's why.\nThe promise of edge computing\nFastly makes the internet faster. Its edge cloud platform accelerates and secures the delivery of content (e.g. applications, streaming media), ensuring a good experience for end-users like you and me. To do this, Fastly's global network -- composed of servers strategically positioned near internet exchange points -- sits between its customers' data centers and their end users' devices, effectively reducing the distance data must travel to reach its destination.\nWhy does this matter? Latency makes for a poor user experience. If a website or mobile app loads too slowly, people tend to abandon the service. This truth is made more pressing by digital transformation. As more companies engage with consumers through the internet, providing a high-quality digital experience becomes more critical.\nTo that end, Fastly puts its market opportunity at $36.2 billion by 2022.\nCompetitive position\nFastly built its edge cloud for the modern internet. Its network is composed of fewer, more powerful servers than traditional content delivery networks like Akamai. That means its edge cloud can handle more requests more quickly, so fewer requests are routed back to the client's data center. In turn, that translates into better performance and cost savings.\nFastly also benefits from its cloud-agnostic position, meaning its platform is not associated with or biased toward any public cloud, like Microsoft Azure or Amazon Web Services (AWS). Fastly works with all of them, intelligently routing traffic across different infrastructures. This means its clients can work with their preferred cloud vendors while monitoring all networks from a single platform.\nFinancial performance\nDuring the second quarter of 2021, an outage in Fastly's network caused a significant disruption for many websites, leading the company to post lackluster financial results. Revenue grew just 14%, and management lowered guidance for the third quarter. Even worse, CEO Joshua Bixby noted that a large customer had not yet returned to the platform as of the Q2 earnings call.\nAccording to CDN Planet, this unnamed customer is likely Amazon, since the retail giant stopped using Fastly shortly after the outage. However, Amazon did return to the platform in August, meaning Fastly may impress Wall Street when it announces third-quarter earnings on Oct. 27.\nDespite these recent headwinds, Fastly's financial performance looks a little more impressive over the long term.\n\n\n\nMetric\nQ2 2019 (TTM)\nQ2 2021 (TTM)\nCAGR\n\n\n\n\nCustomers\n1,627\n2,581\n26%\n\n\nRevenue\n$169.4 million\n$323.2 million\n38%\n\n\n\nSource: Fastly SEC Filings, YCharts. TTM = trailing 12 months. CAGR = compound annual growth rate.\nLooking ahead, Fastly has plenty of room to grow its business and management is executing on several opportunities. Last year, the company acquired Signal Sciences, broadening its security portfolio. During the most recent quarter, Fastly launched a beta version of the Signal Sciences agent on its edge cloud, and it introduced its first managed security offering. Collectively, these services help the company further differentiate itself from rivals.\nFastly is also seeing traction with its Compute@Edge product, a new service that enables developers to build applications directly on Fastly's network. Compared to rival solutions, Compute@Edge offers 100 times faster code execution, which means better performance for end users. And during the most recent quarter, Fastly added new customers across a range of industries, from gaming to e-commerce.\nThe potential for threefold returns\nFastly still has a lot to prove, and investors should monitor its ability to add new customers. But the world is only becoming more digital, and that should create demand for Fastly's edge cloud in the coming years.\nMore to the point, with a market cap of $4.7 billion, Fastly is three times smaller than Akamai. But if the company can maintain its top-line momentum, its share price could easily triple in the next five years. That's why now looks like a good time to add this growth stock to your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":813344315,"gmtCreate":1630139309838,"gmtModify":1704956488336,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813344315","repostId":"2162707824","repostType":4,"repost":{"id":"2162707824","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630104635,"share":"https://www.laohu8.com/m/news/2162707824?lang=&edition=full","pubTime":"2021-08-28 06:50","market":"us","language":"en","title":"U.S. resumes supply of Lilly's COVID-19 antibody combo to some states","url":"https://stock-news.laohu8.com/highlight/detail?id=2162707824","media":"Reuters","summary":"Aug 27 (Reuters) - U.S. health officials on Friday decided to resume the supply of Eli Lilly's COVID","content":"<p>Aug 27 (Reuters) - U.S. health officials on Friday decided to resume the supply of Eli Lilly's COVID-19 antibody cocktail to states where variants resistant to it are low, saying the therapy could work against the fast-spreading Delta variant based on lab studies.</p>\n<p>The Department of Health and Human Services narrowed the scope of authorization for the dual-antibody therapy, bamlanivimab and etesevimab, to states including Colorado, Connecticut and Illinois, Indiana.</p>\n<p>With the Delta variant becoming the dominant strain, the prevalence of variants resistant to the therapy is steadily decreasing, the agency said</p>\n<p>Based on lab tests, the drugs administered together are expected to retain activity against the Delta variant, but not against Delta plus and variants first identified in Brazil, South Africa and Colombia, it said.</p>\n<p>The department had in June paused its distribution after the therapy failed to show effectiveness against the coronavirus variants that were first identified in Brazil and South Africa.</p>\n<p>The supply of standalone etesevimab to be paired with existing supply of bamlanivimab is also being resumed to some states.</p>\n<p>Regeneron's antibody therapy REGEN-COV, and GlaxoSmithKline Plc and partner Vir Biotechnology's</p>\n<p>sotrovimab may be used in all states, territories, and U.S. jurisdictions as they are likely to be effective against most variants including Delta, the agency said.</p>\n<p>Bamlanivimab and etesevimab, REGEN-COV and sotrovimab are authorized for use in people 12 years and above with mild-to-moderate infection and are at high risk for progression to severe COVID-19.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. resumes supply of Lilly's COVID-19 antibody combo to some states</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\">\nU.S. resumes supply of Lilly's COVID-19 antibody combo to some states\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-28 06:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 27 (Reuters) - U.S. health officials on Friday decided to resume the supply of Eli Lilly's COVID-19 antibody cocktail to states where variants resistant to it are low, saying the therapy could work against the fast-spreading Delta variant based on lab studies.</p>\n<p>The Department of Health and Human Services narrowed the scope of authorization for the dual-antibody therapy, bamlanivimab and etesevimab, to states including Colorado, Connecticut and Illinois, Indiana.</p>\n<p>With the Delta variant becoming the dominant strain, the prevalence of variants resistant to the therapy is steadily decreasing, the agency said</p>\n<p>Based on lab tests, the drugs administered together are expected to retain activity against the Delta variant, but not against Delta plus and variants first identified in Brazil, South Africa and Colombia, it said.</p>\n<p>The department had in June paused its distribution after the therapy failed to show effectiveness against the coronavirus variants that were first identified in Brazil and South Africa.</p>\n<p>The supply of standalone etesevimab to be paired with existing supply of bamlanivimab is also being resumed to some states.</p>\n<p>Regeneron's antibody therapy REGEN-COV, and GlaxoSmithKline Plc and partner Vir Biotechnology's</p>\n<p>sotrovimab may be used in all states, territories, and U.S. jurisdictions as they are likely to be effective against most variants including Delta, the agency said.</p>\n<p>Bamlanivimab and etesevimab, REGEN-COV and sotrovimab are authorized for use in people 12 years and above with mild-to-moderate infection and are at high risk for progression to severe COVID-19.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"REGN":"再生元制药公司","LLY":"礼来","VIR":"Vir Biotechnology, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162707824","content_text":"Aug 27 (Reuters) - U.S. health officials on Friday decided to resume the supply of Eli Lilly's COVID-19 antibody cocktail to states where variants resistant to it are low, saying the therapy could work against the fast-spreading Delta variant based on lab studies.\nThe Department of Health and Human Services narrowed the scope of authorization for the dual-antibody therapy, bamlanivimab and etesevimab, to states including Colorado, Connecticut and Illinois, Indiana.\nWith the Delta variant becoming the dominant strain, the prevalence of variants resistant to the therapy is steadily decreasing, the agency said\nBased on lab tests, the drugs administered together are expected to retain activity against the Delta variant, but not against Delta plus and variants first identified in Brazil, South Africa and Colombia, it said.\nThe department had in June paused its distribution after the therapy failed to show effectiveness against the coronavirus variants that were first identified in Brazil and South Africa.\nThe supply of standalone etesevimab to be paired with existing supply of bamlanivimab is also being resumed to some states.\nRegeneron's antibody therapy REGEN-COV, and GlaxoSmithKline Plc and partner Vir Biotechnology's\nsotrovimab may be used in all states, territories, and U.S. jurisdictions as they are likely to be effective against most variants including Delta, the agency said.\nBamlanivimab and etesevimab, REGEN-COV and sotrovimab are authorized for use in people 12 years and above with mild-to-moderate infection and are at high risk for progression to severe COVID-19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807757918,"gmtCreate":1628061799434,"gmtModify":1633753939862,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😄","listText":"😄","text":"😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807757918","repostId":"2156174967","repostType":4,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807740949,"gmtCreate":1628061934381,"gmtModify":1633753939173,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😄","listText":"😄","text":"😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807740949","repostId":"1126131791","repostType":4,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802465066,"gmtCreate":1627797210355,"gmtModify":1633756276157,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802465066","repostId":"1153879814","repostType":4,"repost":{"id":"1153879814","kind":"news","pubTimestamp":1627784753,"share":"https://www.laohu8.com/m/news/1153879814?lang=&edition=full","pubTime":"2021-08-01 10:25","market":"sg","language":"en","title":"SIA, SIAE, Singtel potential candidates for company restructuring: Maybank","url":"https://stock-news.laohu8.com/highlight/detail?id=1153879814","media":"Singapore Business","summary":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play f","content":"<blockquote>\n <b><i>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?</i></b>\n</blockquote>\n<p>Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore &amp; Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.</p>\n<p>According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.</p>\n<p>Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.</p>\n<p>Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.</p>\n<p>Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.</p>","source":"lsy1618986048053","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>SIA, SIAE, Singtel potential candidates for company restructuring: Maybank</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\">\nSIA, SIAE, Singtel potential candidates for company restructuring: Maybank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of ...</p>\n\n<a href=\"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"source_url":"https://sbr.com.sg/economy/news/sia-siae-singtel-potential-candidates-company-restructuring-maybank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153879814","content_text":"Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?\n\nDrivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.\nAccording to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term.\nSome Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.\nMaybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.\nContinued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806057101,"gmtCreate":1627619512503,"gmtModify":1633757693905,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806057101","repostId":"1158304787","repostType":4,"repost":{"id":"1158304787","kind":"news","pubTimestamp":1627615747,"share":"https://www.laohu8.com/m/news/1158304787?lang=&edition=full","pubTime":"2021-07-30 11:29","market":"other","language":"en","title":"Oil falls but heads for strong weekly gain on demand growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1158304787","media":"FOX Business","summary":"Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday b","content":"<p><i><b>Both benchmark contracts were headed for gains of around 2% for the week.</b></i></p>\n<p>Oil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence incoronaviruscases worldwide.</p>\n<p>Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel, whittling down a 1.7% rise from Thursday.</p>\n<p>Both benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world's biggest oil consumer.</p>\n<p>\"We've got stronger prices for a bit longer now, because it's a fundamental supply-demand issue in terms of the recovery in demand we're seeing in places like the United States,\" said Justin Smirk, senior economist at Westpac.</p>\n<p>U.S. crude and gasoline inventories fell sharply in the latest week, with crude stocks at Cushing at their lowest since January 2020, reflecting strong demand growth. ANZ analysts noted even jet fuel consumption in the country had hit its highest level since March 2020.</p>\n<p>Even with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said rising vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.</p>\n<p>\"I think the risks of the large shutdowns we saw last year are much lower,\" Smirk said.</p>\n<p>Analysts point to a rapid rebound in India's gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.</p>\n<p>\"Yes, Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,\" said Commonwealth Bank commodities analyst Vivek Dhar.</p>\n<ul></ul>","source":"lsy1602566126337","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>Oil falls but heads for strong weekly gain on demand growth</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\">\nOil falls but heads for strong weekly gain on demand growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while ...</p>\n\n<a href=\"https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.foxbusiness.com/markets/oil-falls-but-heads-for-strong-weekly-gain-on-demand-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158304787","content_text":"Both benchmark contracts were headed for gains of around 2% for the week.\nOil pricesfell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence incoronaviruscases worldwide.\nBrent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel, whittling down a 1.7% rise from Thursday.\nBoth benchmark contracts were headed for gains of around 2% for the week, buoyed by indications of tight crude supplies and strong demand in the United States, the world's biggest oil consumer.\n\"We've got stronger prices for a bit longer now, because it's a fundamental supply-demand issue in terms of the recovery in demand we're seeing in places like the United States,\" said Justin Smirk, senior economist at Westpac.\nU.S. crude and gasoline inventories fell sharply in the latest week, with crude stocks at Cushing at their lowest since January 2020, reflecting strong demand growth. ANZ analysts noted even jet fuel consumption in the country had hit its highest level since March 2020.\nEven with coronavirus cases rising in the United States, all around Asia and parts of Europe, analysts said rising vaccination rates would limit the need for the harsh lockdowns that gutted demand during the peak of the pandemic last year.\n\"I think the risks of the large shutdowns we saw last year are much lower,\" Smirk said.\nAnalysts point to a rapid rebound in India's gasoline consumption and industrial production following its COVID-19 surge earlier this year as a sign that economies are more resilient to the pandemic.\n\"Yes, Delta is a risk, but is it going to derail demand growth in the second half? We may not see that,\" said Commonwealth Bank commodities analyst Vivek Dhar.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":821815774,"gmtCreate":1633728870428,"gmtModify":1633728944588,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀[财迷]&nbsp;","listText":"😀[财迷]&nbsp;","text":"😀[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821815774","repostId":"2173929897","repostType":4,"repost":{"id":"2173929897","kind":"highlight","pubTimestamp":1633703460,"share":"https://www.laohu8.com/m/news/2173929897?lang=&edition=full","pubTime":"2021-10-08 22:31","market":"us","language":"en","title":"2 Reasons PepsiCo's Q3 Earnings Were Good News for Coca-Cola","url":"https://stock-news.laohu8.com/highlight/detail?id=2173929897","media":"Motley Fool","summary":"PepsiCo reported better-than-expected revenue and cited a few causes for the boost.","content":"<p><b><a href=\"https://laohu8.com/S/PEP\">Pepsi</a></b> reported fiscal third-quarter earnings earlier this week, and some of the details in it could bode well for <b>Coca-Cola</b> (NYSE:KO). PepsiCo had another excellent quarter of revenue growth -- so much so, that it raised expectations for fiscal 2021. Coca-Cola is scheduled to report its fiscal third-quarter results on Oct. 27.</p>\n<p>While PepsiCo manufactures and sells snacks and beverages, the companies are exposed to similar macroeconomic forces. Therefore, a trend that benefits PepsiCo is likely to benefit Coca-Cola, albeit to a different degree.</p>\n<p><img src=\"https://static.tigerbbs.com/3b8cdb9a345a7868729f6b9fc8cfa51f\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>And two such trends PepsiCo benefited from in its most recent quarter were a decrease in consumer price elasticity and increases in consumer mobility as economies reopened. Let's look at how those forces could benefit Coca-Cola.</p>\n<h3>1. Consumers have been willing to pay higher prices</h3>\n<p>Here's what PepsiCo CEO Ramon Laguarta said regarding the first positive trend:</p>\n<blockquote>\n \"What we're seeing across the world is much lower elasticity on the pricing [than] we've seen historically, and that applies to the developing markets, Western Europe, and the U.S. So, across the world, the consumer seems to be looking at pricing a little bit differently than before.\"\n</blockquote>\n<p>The price elasticity Laguarta mentions has to do with a marketing theory about product demand relating to price changes. The prices of some goods are very \"inelastic.\" A reduction in the price of gasoline doesn't really increase demand much and an increase in price doesn't hurt demand either. People need gas to get around and will pay whatever price. Other products' pricing is more elastic, so price changes can cause substantial changes in demand or in supply.</p>\n<p>Laguarta was saying the company expected consumers to purchase fewer PepsiCo products because it had raised prices to account for higher production costs. PepsiCo has likely studied this pricing relationship historically and had come up with estimations on how much sales would decrease with an increase in prices.</p>\n<p>Whatever those calculations were, the company's most recent quarterly results showed better-than-expected sales, despite the price increases. Laguarta offered up potential reasons for this, including that shoppers were more focused on brands they were loyal to than on the pricing or that they were shopping at a quicker pace to remain inside the store a shorter time and had less time to comparison shop.</p>\n<p>That could be good news for Coca-Cola because it is likely experiencing the same trend. It probably raised prices in the current quarter, and unit sales may have decreased less than expected.</p>\n<h3>2. The economic reopening is amplifying tailwinds</h3>\n<p>At the pandemic onset, folks were staying home more often, which led to decreasing sales at away-from-home channels like restaurants, movie theaters, convenience stores, and so on. Interestingly, Coca-Cola has a larger market share in the away-from-home channel, having spent years cultivating exclusive relationships with restaurants and entertainment venues. As a result, Coca-Cola's sales were more negatively affected than PepsiCo's during the worst parts of the pandemic. While both companies stand to benefit from economic reopenings, Coca-Cola will likely experience a more robust tailwind.</p>\n<p>Laguarta talked about reopening trends in the conference call as well, saying the company was seeing the away-from-home business picking up. \"We think in the third quarter, our away-from-home business is a 90% index to 2019,\" Laguarta noted. \"It keeps going up with every month that goes by.\"</p>\n<p>That's undoubtedly good news for Coca-Cola, which stands to benefit more from sales in away-from-home channels. Its stock is trading at a reasonable forward price-to-earnings ratio of 23.89. Investors considering buying shares of the beverage giant before it releases earnings on Oct. 27 should feel good about that decision, based on what PepsiCo management was reporting.</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>2 Reasons PepsiCo's Q3 Earnings Were Good News for Coca-Cola</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\">\n2 Reasons PepsiCo's Q3 Earnings Were Good News for Coca-Cola\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-08 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/10/08/reasons-pepsico-earnings-good-news-coca-cola/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pepsi reported fiscal third-quarter earnings earlier this week, and some of the details in it could bode well for Coca-Cola (NYSE:KO). PepsiCo had another excellent quarter of revenue growth -- so ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/10/08/reasons-pepsico-earnings-good-news-coca-cola/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","NWS":"新闻集团"},"source_url":"https://www.fool.com/investing/2021/10/08/reasons-pepsico-earnings-good-news-coca-cola/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173929897","content_text":"Pepsi reported fiscal third-quarter earnings earlier this week, and some of the details in it could bode well for Coca-Cola (NYSE:KO). PepsiCo had another excellent quarter of revenue growth -- so much so, that it raised expectations for fiscal 2021. Coca-Cola is scheduled to report its fiscal third-quarter results on Oct. 27.\nWhile PepsiCo manufactures and sells snacks and beverages, the companies are exposed to similar macroeconomic forces. Therefore, a trend that benefits PepsiCo is likely to benefit Coca-Cola, albeit to a different degree.\n\nImage source: Getty Images.\nAnd two such trends PepsiCo benefited from in its most recent quarter were a decrease in consumer price elasticity and increases in consumer mobility as economies reopened. Let's look at how those forces could benefit Coca-Cola.\n1. Consumers have been willing to pay higher prices\nHere's what PepsiCo CEO Ramon Laguarta said regarding the first positive trend:\n\n \"What we're seeing across the world is much lower elasticity on the pricing [than] we've seen historically, and that applies to the developing markets, Western Europe, and the U.S. So, across the world, the consumer seems to be looking at pricing a little bit differently than before.\"\n\nThe price elasticity Laguarta mentions has to do with a marketing theory about product demand relating to price changes. The prices of some goods are very \"inelastic.\" A reduction in the price of gasoline doesn't really increase demand much and an increase in price doesn't hurt demand either. People need gas to get around and will pay whatever price. Other products' pricing is more elastic, so price changes can cause substantial changes in demand or in supply.\nLaguarta was saying the company expected consumers to purchase fewer PepsiCo products because it had raised prices to account for higher production costs. PepsiCo has likely studied this pricing relationship historically and had come up with estimations on how much sales would decrease with an increase in prices.\nWhatever those calculations were, the company's most recent quarterly results showed better-than-expected sales, despite the price increases. Laguarta offered up potential reasons for this, including that shoppers were more focused on brands they were loyal to than on the pricing or that they were shopping at a quicker pace to remain inside the store a shorter time and had less time to comparison shop.\nThat could be good news for Coca-Cola because it is likely experiencing the same trend. It probably raised prices in the current quarter, and unit sales may have decreased less than expected.\n2. The economic reopening is amplifying tailwinds\nAt the pandemic onset, folks were staying home more often, which led to decreasing sales at away-from-home channels like restaurants, movie theaters, convenience stores, and so on. Interestingly, Coca-Cola has a larger market share in the away-from-home channel, having spent years cultivating exclusive relationships with restaurants and entertainment venues. As a result, Coca-Cola's sales were more negatively affected than PepsiCo's during the worst parts of the pandemic. While both companies stand to benefit from economic reopenings, Coca-Cola will likely experience a more robust tailwind.\nLaguarta talked about reopening trends in the conference call as well, saying the company was seeing the away-from-home business picking up. \"We think in the third quarter, our away-from-home business is a 90% index to 2019,\" Laguarta noted. \"It keeps going up with every month that goes by.\"\nThat's undoubtedly good news for Coca-Cola, which stands to benefit more from sales in away-from-home channels. Its stock is trading at a reasonable forward price-to-earnings ratio of 23.89. Investors considering buying shares of the beverage giant before it releases earnings on Oct. 27 should feel good about that decision, based on what PepsiCo management was reporting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820873306,"gmtCreate":1633386493017,"gmtModify":1633386493184,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😃😄","listText":"😃😄","text":"😃😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820873306","repostId":"1185304471","repostType":4,"isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818347646,"gmtCreate":1630379526185,"gmtModify":1704959416203,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁","listText":"😁","text":"😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818347646","repostId":"1168575044","repostType":4,"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806057060,"gmtCreate":1627619489750,"gmtModify":1633757694152,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806057060","repostId":"2155513329","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":820847659,"gmtCreate":1633386235948,"gmtModify":1633386236069,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;[开心]&nbsp;","listText":"[开心]&nbsp;[开心]&nbsp;","text":"[开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820847659","repostId":"2172996701","repostType":4,"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":813344235,"gmtCreate":1630139342527,"gmtModify":1704956488679,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813344235","repostId":"1184130616","repostType":4,"repost":{"id":"1184130616","kind":"news","pubTimestamp":1630111537,"share":"https://www.laohu8.com/m/news/1184130616?lang=&edition=full","pubTime":"2021-08-28 08:45","market":"us","language":"en","title":"Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers","url":"https://stock-news.laohu8.com/highlight/detail?id=1184130616","media":"Benzinga","summary":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the head","content":"<p><i>Does crime pay?</i></p>\n<p>Among the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,<b>Bernard Ebbers</b>physically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.</p>\n<p>Ebbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”</p>\n<p><b>But ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.</b></p>\n<p><b>A Man In Search Of Himself:</b>&nbsp;Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.</p>\n<p>The Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He&nbsp;attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.</p>\n<p>Ebbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,<b>Linda Pigott,</b>after graduating and landed work teaching science to middle-school students while coaching high school basketball.</p>\n<p>But Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.</p>\n<p>Ebbers’ approach to running a hospitality establishment sometimes bordered on the eccentric.&nbsp;He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.</p>\n<p><b>Calling Out Around The World:</b>Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup of<b>AT&amp;T Inc.'s</b>&nbsp;T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.</p>\n<p>In 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.</p>\n<p>Ebbers and his pals decided to get into the telecommunications business with&nbsp;<b>Long Distance Discount Services,</b>&nbsp;which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.</p>\n<p><b>Carl J. Aycock,</b>a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.</p>\n<p>“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.</p>\n<p>Maybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.</p>\n<p>Within 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in&nbsp;sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.</p>\n<p>Many of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of&nbsp;<b>Advanced Telecommunications Corporation</b>&nbsp;in 1992.</p>\n<p>The unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&amp;T and&nbsp;<b>Sprint Corporation,</b>both considerably larger players in this field.</p>\n<p>The one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to&nbsp;<b>Kristie Webb.</b></p>\n<p>In February 1998, Ebbers’ company launched its acquisition plans for&nbsp;<b>CompuServe</b>&nbsp;from&nbsp;<b>H&amp;R Block Inc</b>.</p>\n<p>This transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition to<b>America Online,</b>while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.</p>\n<p>In September 1998, LDDS WorldCom sealed a $37 billion union with&nbsp;<b>MCI Communications,</b>which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit —&nbsp;except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.</p>\n<p><b>A Little Out Of Touch:</b>One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.</p>\n<p>At the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.</p>\n<p>“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”</p>\n<p>But as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.</p>\n<p>And for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”</p>\n<p>While Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.</p>\n<p><b>In retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw</b>, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.</p>\n<p><b>Detour Off The Cliff:</b>The first cracks in this corporate story began in October 1999 when MCI WorldCom —&nbsp;which had become the second-largest long-distance telephone company in the country —&nbsp;announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.</p>\n<p>With the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.</p>\n<p>Worldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a&nbsp;senior manager ordering&nbsp;a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.</p>\n<p>The company’s chief technical officer,<b>Fred Briggs,</b>then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project —&nbsp;and his directive was shared with other divisions in the company.</p>\n<p>A WorldCom budget analyst named&nbsp;<b>Kim Amigh</b>in the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh —&nbsp;three months after his action, Amigh was abruptly laid off from the company.</p>\n<p>But Vice President of Internal Audit&nbsp;<b>Cynthia Cooper</b>&nbsp;learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 —&nbsp;except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.</p>\n<p>Cooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.</p>\n<p>And Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.</p>\n<p>Adding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.</p>\n<p>To alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000&nbsp;— and then borrowed again&nbsp;and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.</p>\n<p>In June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure&nbsp;later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.</p>\n<p><b>Road’s End:</b>The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.</p>\n<p>Ebbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.</p>\n<p>“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”</p>\n<p>Ebbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.</p>\n<p>He remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.</p>\n<p>After 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.</p>\n<p>In defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.</p>\n<p>Said Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”</p>\n<p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Bernard Ebbers And WorldCom's Seriously Wrong Numbers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-28 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRB":"H&R布洛克税务"},"source_url":"https://www.benzinga.com/news/21/08/22680432/wall-street-crime-and-punishment-bernard-ebbers-and-worldcoms-seriously-wrong-numbers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184130616","content_text":"Does crime pay?\nAmong the mightiest of the high-profile corporate executives that dominated the headlines in the 1990s and early 2000s,Bernard Ebbersphysically stood out from his peers — the 6-foot-4 head of WorldCom was dubbed the “telecom cowboy” thanks to his sartorial preference for jeans, cowboy boots and a 10-gallon hat.\nEbbers also stood out from his peers for tightly holding on to Luddite practices as the digital age dawned. He famously refused to communicate with his workforce via email. Even worse, he stood out thanks to a prickly personality that quickly seethed when confronted with unpleasant news. A 2002 profile in The Economist defined him as “parochial, stubborn, preoccupied with penny-pinching … a difficult man to work for.”\nBut ultimately, Ebbers stood out for being at the center of what was (at the time) the largest accounting fraud in U.S. history, which was followed by the harshest prison sentence ever imposed on a corporate executive for financial crimes.\nA Man In Search Of Himself: Bernard John Ebbers was born Aug. 27, 1941, in Edmonton, Alberta, the second of five children. His father John was a traveling salesman and his peripatetic profession brought the family down from Canada into California, where he jettisoned his sales work and became an auto mechanic. The family later relocated to Gallup, New Mexico, where Ebbers’ parents became teachers on the Navajo Nation Indian reservation.\nThe Ebbers clan was back in Canada when Ebbers was a teenager and Bernie (as he was commonly known) came into adulthood unable to determine a course for his life. He attended Canada’s University of Alberta and Michigan’s Calvin College before accepting a basketball scholarship to Mississippi College. But he was the victim of a robbery prior to his senior year that left him seriously injured and switched his attention from playing to coaching the junior varsity team.\nEbbers graduated in 1967 majoring in physical education and minoring in secondary education. He supported himself during his college years by taking on a variety of odd jobs including a bouncer and milk delivery driver. He married his college sweetheart,Linda Pigott,after graduating and landed work teaching science to middle-school students while coaching high school basketball.\nBut Ebbers didn’t stay very long in the school system. When his wife received a job offer as a teacher in another Mississippi town, the couple relocated and he found work managing a garment factory warehouse. By 1974, he tired of working for others and responded to a newspaper advertisement seeking a buyer for a motel in Columbia, Mississippi.\nEbbers’ approach to running a hospitality establishment sometimes bordered on the eccentric. He would distribute bathroom towels at the front desk and require guests to return them to avoid being charged for taking them. Nonetheless, he found a niche in hospitality management and by the early 1980s he owned and operated eight motels within Mississippi and Texas; he also picked up a car dealership that also proved profitable.\nCalling Out Around The World:Ebbers might have remained in the Mississippi hospitality industry had it not been for the 1982 breakup ofAT&T Inc.'s T 0.41%monopoly on the U.S. telephone system. This created a seismic shift in the telecommunications world by enabling other companies to begin reselling long-distance telephone services.\nIn 1983, Ebbers and three friends met at a diner in Hattiesburg, Mississippi, to consider the feasibility of pursuing this newly opened opportunity. Ebbers theorized that having control of his long-distance calling services could benefit his motel business. In the days before mobile phones, guests in lodging establishments in need of long-distance calling would either have to feed handfuls of quarters into payphones or make calls from their rooms, which usually came with extra fees.\nEbbers and his pals decided to get into the telecommunications business with Long Distance Discount Services, which they established in 1985 with headquarters in Jackson, Mississippi, with Ebbers as CEO.\nCarl J. Aycock,a Mississippi financial advisor who was among the early investors in LDDS, would later laugh at the unlikelihood of Ebbers running a telecom company.\n“The only experience Bernie had before operating a long-distance company was he used the phone,” Aycock quipped in a 1997 interview.\nMaybe Ebbers did not possess an encyclopedic knowledge of telecommunications technology, but the good fortune he enjoyed in the motel business transitioned to this unlikely setting. Within four years of its launch, LDDS was being publicly traded.\nWithin 10 years of its opening, LDDS took on an almost Pac Man-style persona of gobbling up telecom firms in sight of the company, acquiring more than 60 different telecommunications company. By 1995, the company renamed itself LDDS WorldCom.\nMany of the company’s acquisitions were on the small side, and the company was never considered a major player in the telecom industry until its $720 million acquisition of Advanced Telecommunications Corporation in 1992.\nThe unlikely acquisition came with Ebbers’ ability to outbid industry titans AT&T and Sprint Corporation,both considerably larger players in this field.\nThe one unfortunate development during this time was the end of Ebbers’ marriage in 1997. He remarried in 1999 to Kristie Webb.\nIn February 1998, Ebbers’ company launched its acquisition plans for CompuServe from H&R Block Inc.\nThis transaction was followed by an astonishing spin of assets: LDDS sold the CompuServe Information Service portion of its acquisition toAmerica Online,while retaining the CompuServe Network Services portion of the business. AOL simultaneously sold LDDS WorldCom its networking division, Advanced Network Services.\nIn September 1998, LDDS WorldCom sealed a $37 billion union with MCI Communications,which created the largest corporate merger in U.S. history. The combined entity became MCI WorldCom, and for Ebbers it seemed that the sky was the limit — except that Ebbers’ ability to soar in the corporate skies resulted in an Icarus-worthy predicament.\nA Little Out Of Touch:One year after the CompuServe and MCI deals, Ebbers’ company boasted an 80,000-person workforce, a market capitalization of roughly $185 billion and its shares were trading at a peak of nearly $62.\nAt the peak of the company’s success, Ebbers granted an interview to The New York Times aboard his 130-yacht, which he berthed in the resort town of Hilton Head, South Carolina. He claimed that the secret of his success was “not as complicated as people make it out to be,” adding that he surrounded himself with experts who advised him on which moves to make.\n“I’m not an engineer by training,” he said. “I’m not an accountant by training. I’m the coach. I’m not the point guard who shoots the ball.”\nBut as the company grew larger, Ebbers penny-pinching behavior during his early motel management days became more extreme. WorldCom executives would later complain that Ebbers stopped providing free coffee within their offices and directed security guards fill the water coolers with tap water.\nAnd for the head of a telecommunications company, Ebbers was curiously distrustful of cutting-edge tech developments. He refused to communicate via email and would not carry a pager or a cell phone. He would explain his actions internally by repeating “That’s the way we did it at LDDS,” and in a 1997 Business Week interview about this behavior he claimed that “when you come to the table with a (physical education) degree like I do, you don't know a lot about the technical stuff.”\nWhile Ebbers’ arms-length distance from personal technology could have been attributed to a zany quirk, there was another problem that couldn’t be happily shrugged away. As the company expanded, operational problems began to permeate the multiple divisions. Ebbers would become impatient or worse when confronted with problems, to the point that he would angrily demand that he only wanted to be addressed with good news.\nIn retrospect, Ebbers’ refusal to acknowledge that his company was growing too fast and too large proved to be a fatal flaw, especially when the corporate culture began to manufacture good news in lieu of reporting problems. As a result, Ebbers’ XL-sized business empire was sustained by taking on massive amounts of debt and highly improper accounting.\nDetour Off The Cliff:The first cracks in this corporate story began in October 1999 when MCI WorldCom — which had become the second-largest long-distance telephone company in the country — announced a $129 billion merger with Sprint, the third-largest telecom carrier. Within nine months of this announcement, the merger was canceled in the face of pressure from U.S. and European regulators who feared a telecom monopoly would be born from this union. MCI WorldCom walked away from the failure by renaming itself as WorldCom.\nWith the rise of the new millennium came the fall of the dot-com industry, and almost any company that had a tech-related aspect found itself taking a financial tumble. When Ebbers’ company tried to cut corners and save money, it turned into an act of self-immolation.\nWorldcom’s network systems engineering division exhausted its annual capital expenditures budget by November 2000, with a senior manager ordering a halt to processing payments for network systems vendors and suppliers until the beginning of 2001.\nThe company’s chief technical officer,Fred Briggs,then ordered all of the labor associated with the capital projects in the network systems division to be booked as an expense rather than a capital project — and his directive was shared with other divisions in the company.\nA WorldCom budget analyst named Kim Amighin the company’s Richardson, Texas, office recognized the legal ramifications of intentionally mischaracterizing capital expenses and lodged a protest against the order. The directive was canceled and so was Amigh — three months after his action, Amigh was abruptly laid off from the company.\nBut Vice President of Internal Audit Cynthia Cooper learned of Amigh’s findings and picked up his trail. Her department began combing through WorldCom’s accounts and found $2 billion that the company claimed in its public filings was spent on capital expenditures during the first three quarters of 2001 — except that the funds were never authorized for that purpose and were clearly operating costs moved into the capital expenditure accounting as a way to make WorldCom look more profitable.\nCooper could not find anyone in the WorldCom leadership ranks to explain the $2 billion discrepancy. Most executives said it was a “prepaid capacity,” a meaningless term which they couldn’t define when pressed by Cooper.\nAnd Cooper was not alone in her suspicions. The U.S. Securities and Exchange Commission could not fathom how WorldCom continued to claim robust profits during the dot-com period while its competitors were operating at a loss, and it sent forth a “Request for Information” to learn the secret of its success.\nAdding to this chaos were Ebbers’ personal financial woes, which became exacerbated during to dot-com crisis by margin calls on his WorldCom shares, which were tanking as the economy plummeted into a recession.\nTo alleviate his monetary pain, Ebbers borrowed $50 million from WorldCom in September 2000 — and then borrowed again and again. By April 2002, Ebbers was $400 million in debt to WorldCom and the board of directors demanded his resignation, which he provided.\nIn June 2002, WorldCom acknowledged its earnings reports contained $3.9 billion in accounting misstatements, with the figure later adjusted to $11 billion. In July 2002, the company declared bankruptcy and was delisted from public trading. Also during that month, Ebbers was called before the U.S. House of Representatives Committee on Financial Services to explain what happened. He pleaded the Fifth Amendment.\nRoad’s End:The efforts to bring Ebbers to trial got off to a weird start when the State of Oklahoma jumped the gun with a 15-count indictment, only to drop its charges in favor of federal prosecution.\nEbbers was indicted in May 2004 on seven counts of filing false statements with securities regulators plus one count each of conspiracy and securities fraud. Ebbers agreed to testify on his behalf, which many observers later considered to be a major mistake because he came across as evasive and unconvincing when insisting WorldCom’s downfall was solely the fault of his subordinates and that he was ignorant about how his company worked.\n“I know what I don’t know,” Ebbers said during his trial. “To this day, I don’t know technology, and I don’t know finance or accounting.”\nEbbers was found guilty on all counts and was sentenced to 25 years in prison, the longest sentence ever handed down in U.S. history for a financial fraud case against a corporate executive.\nHe remained free on bail while fighting to overturn the verdict, but the conviction was upheld in the U.S. Court of Appeals for the Second Circuit in July 2006. Two months later, he drove himself in his luxury Mercedes-Benz to a low-security Louisiana prison to begin his sentence. Two years later, his wife Kristie successfully filed for divorce.\nAfter 13 years behind bars, Ebbers was granted a compassionate release on Dec. 21, 2019, due to a deteriorating state of health that included macular degeneration that left him legally blind, anemia, a weakened heart condition and the beginnings of dementia. He returned to his home in Brookhaven, Mississippi, and passed away on Feb. 2, 2020.\nIn defining his rise to the top, Ebbers harkened back to his basketball days by insisting, “The coach's job is to get the best players and get them to play together.” But in explaining his fall from grace, Ebbers forgot that the core of coaching is accepting responsibility for the team’s performance and he blamed his “best players” for not being able to “play together” while absolving himself from their errors.\nSaid Ebbers when confronted with his ultimate failure as the corporate equivalent of a coach: “I didn't have anything to apologize for.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":813344960,"gmtCreate":1630139295350,"gmtModify":1704956488165,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813344960","repostId":"2162707824","repostType":4,"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":174538713,"gmtCreate":1627109272932,"gmtModify":1633767865495,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😁....","listText":"😁....","text":"😁....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174538713","repostId":"1109439356","repostType":4,"repost":{"id":"1109439356","kind":"news","pubTimestamp":1627096841,"share":"https://www.laohu8.com/m/news/1109439356?lang=&edition=full","pubTime":"2021-07-24 11:20","market":"us","language":"en","title":"Musk Tweets That Tesla Will Share Its Charging Network. Why That’s a Savvy Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1109439356","media":"Barrons","summary":"This past Wednesday, Elon Musk tweeted that Tesla would open up its global network of 25,000-plus chargers to non-Tesla electric vehicles. That might seem strange, even for Musk. But it could also be savvy. “It’s brilliant,” Gary Black tells Barron’s. Former Wall Street analyst and executive Black has amassed 80,000 Twitter followers for his views on stocks, including Tesla, which he owns shares in. “We like the move,” adds Wedbush analyst Dan Ives, also a Tesla bull. He rates the stock a Buy, w","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e34edc30ae38ac91a9f953a1dcae4dbc\" tg-width=\"930\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Illustration by Elias Stein</span></p>\n<p>This past Wednesday, Elon Musk tweeted that Tesla would open up its global network of 25,000-plus chargers to non-Tesla electric vehicles. That might seem strange, even for Musk. But it could also be savvy. “It’s brilliant,” Gary Black tells Barron’s. Former Wall Street analyst and executive Black has amassed 80,000 Twitter followers for his views on stocks, including Tesla, which he owns shares in. “We like the move,” adds Wedbush analyst Dan Ives, also a Tesla bull. He rates the stock a Buy, with a $1,000 price target. “While some will view it as letting competition in on Tesla’s supercharger moat, we disagree…”</p>\n<p>For all the competition between their makers, EVs account for less than 5% of all new cars sold in the U.S. The larger struggle remains between electric- and gasoline-powered vehicles. Anything Musk does to make buying electrics easier is good for Tesla. Besides, Tesla could make a lot of money by opening its network. Although Tesla didn’t respond to a question about potential pricing, charging won’t be free, and refusing to let others use the system would be like a gas station only servicing Fords. And charging eventually will be as ubiquitous as gas stations.</p>\n<p>Then there’s the free publicity and advertising. Opening up the charging network shows Tesla is interested in overall EV adoption and not just in selling its own vehicles. That’s positive for the brand. And it means that thousands of EV buyers will be pulling up to a Tesla logo, again and again.</p>\n<p>Investors brushed off the tweet. Tesla closed at $643.38 Friday, basically flat on the week, with earnings ahead. That’s probably right. For now, charging-for-all will probably matter more at the margins.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk Tweets That Tesla Will Share Its Charging Network. Why That’s a Savvy Move.</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\">\nMusk Tweets That Tesla Will Share Its Charging Network. Why That’s a Savvy Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/elon-musk-tesla-charging-network-51627090559><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Illustration by Elias Stein\nThis past Wednesday, Elon Musk tweeted that Tesla would open up its global network of 25,000-plus chargers to non-Tesla electric vehicles. That might seem strange, even for...</p>\n\n<a href=\"https://www.barrons.com/articles/elon-musk-tesla-charging-network-51627090559\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/elon-musk-tesla-charging-network-51627090559","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109439356","content_text":"Illustration by Elias Stein\nThis past Wednesday, Elon Musk tweeted that Tesla would open up its global network of 25,000-plus chargers to non-Tesla electric vehicles. That might seem strange, even for Musk. But it could also be savvy. “It’s brilliant,” Gary Black tells Barron’s. Former Wall Street analyst and executive Black has amassed 80,000 Twitter followers for his views on stocks, including Tesla, which he owns shares in. “We like the move,” adds Wedbush analyst Dan Ives, also a Tesla bull. He rates the stock a Buy, with a $1,000 price target. “While some will view it as letting competition in on Tesla’s supercharger moat, we disagree…”\nFor all the competition between their makers, EVs account for less than 5% of all new cars sold in the U.S. The larger struggle remains between electric- and gasoline-powered vehicles. Anything Musk does to make buying electrics easier is good for Tesla. Besides, Tesla could make a lot of money by opening its network. Although Tesla didn’t respond to a question about potential pricing, charging won’t be free, and refusing to let others use the system would be like a gas station only servicing Fords. And charging eventually will be as ubiquitous as gas stations.\nThen there’s the free publicity and advertising. Opening up the charging network shows Tesla is interested in overall EV adoption and not just in selling its own vehicles. That’s positive for the brand. And it means that thousands of EV buyers will be pulling up to a Tesla logo, again and again.\nInvestors brushed off the tweet. Tesla closed at $643.38 Friday, basically flat on the week, with earnings ahead. That’s probably right. For now, charging-for-all will probably matter more at the margins.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175504514,"gmtCreate":1627039477738,"gmtModify":1633768567165,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175504514","repostId":"1118513308","repostType":2,"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175506812,"gmtCreate":1627039261436,"gmtModify":1633768568606,"author":{"id":"4087121361671570","authorId":"4087121361671570","name":"imOxy","avatar":"https://static.tigerbbs.com/9f451ff28c6a6373be19694c5de4a14f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087121361671570","authorIdStr":"4087121361671570"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175506812","repostId":"1118513308","repostType":2,"repost":{"id":"1118513308","kind":"news","pubTimestamp":1627037228,"share":"https://www.laohu8.com/m/news/1118513308?lang=&edition=full","pubTime":"2021-07-23 18:47","market":"us","language":"en","title":"Tesla puts new Model S deliveries on hold, and it’s unclear why","url":"https://stock-news.laohu8.com/highlight/detail?id=1118513308","media":"Electrek","summary":"Tesla Motors Model S buyers are complaining that they can’t take delivery of their new electric vehi","content":"<p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> Model S buyers are complaining that they can’t take delivery of their new electric vehicles as they are told that deliveries are on hold.</p>\n<p>At this point, it’s unclear why.</p>\n<p>After months of delays, Tesla finally&nbsp;started delivering the new version of the Model S&nbsp;last month.</p>\n<p>The new electric sedan comes with a brand-new interior design, a new second-row screen powered by a new gaming computer, and it features a new battery pack and drive units, which enable some insane performance in the Plaid version of the vehicle.</p>\n<p>But now buyers have to wait to experience those new features.</p>\n<p>Several new Tesla Model S buyers have told&nbsp;<i>Electrek</i>&nbsp;and posted to&nbsp;forums&nbsp;about how they are being told by Tesla that there’s a “hold” on delivering the new vehicle.</p>\n<p>Buyers who have been waiting for months for their new vehicles were told that they finally arrived at their local delivery centers, but Tesla wasn’t able to deliver them.</p>\n<p>They are being told a bunch of different excuses for them not being able to complete the delivery, but the common thread appears to be that there’s a “hold” on new Model S.</p>\n<p>Several buyers are being told that the delay is due to “new inspection standards” (viahsien88·on Reddit):</p>\n<p>However, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> is not telling them what they are inspecting and why it can’t give a new delivery date.</p>\n<p>Based on buyer reports, the hold appears to be in place since last weekend.</p>\n<p>Some buyers have expressed concerns that it could related to the&nbsp;Tesla Model S Plaid firefrom last month, but there’s no clear evidence of that at the moment.</p>\n<p>CEO Elon Musk has previously commented that one of the reasons for the delay between the launch in January and the start of deliveries in June was to “make sure that the Model S’ new battery pack was safe.”</p>\n<p><b><i>Electrek</i></b><b>‘s take</b></p>\n<p>I would think that if the problem was related to the fire, Tesla would have to do more than put a delivery hold on new deliveries, but also inform current owners.</p>\n<p>It can be anything really.</p>\n<p>In May, we reported on&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> putting a containment hold on over 10,000 Model 3 and Model Y vehicles. It turned out that it was new vehicles produced without radar and Tesla couldn’t deliver them until it pushed its new “Tesla Vision” software update.</p>\n<p>It could again be software related as some new Model S owners have noted that the new UI developed for the vehicle still needs some refinements.</p>\n<p>We will have to wait and see in order to confirm the actual problem.</p>","source":"lsy1627037122897","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla puts new Model S deliveries on hold, and it’s unclear why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla puts new Model S deliveries on hold, and it’s unclear why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 18:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://electrek.co/2021/07/23/tesla-puts-new-model-s-deliveries-on-hold/><strong>Electrek</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Motors Model S buyers are complaining that they can’t take delivery of their new electric vehicles as they are told that deliveries are on hold.\nAt this point, it’s unclear why.\nAfter months of ...</p>\n\n<a href=\"https://electrek.co/2021/07/23/tesla-puts-new-model-s-deliveries-on-hold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://electrek.co/2021/07/23/tesla-puts-new-model-s-deliveries-on-hold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118513308","content_text":"Tesla Motors Model S buyers are complaining that they can’t take delivery of their new electric vehicles as they are told that deliveries are on hold.\nAt this point, it’s unclear why.\nAfter months of delays, Tesla finally started delivering the new version of the Model S last month.\nThe new electric sedan comes with a brand-new interior design, a new second-row screen powered by a new gaming computer, and it features a new battery pack and drive units, which enable some insane performance in the Plaid version of the vehicle.\nBut now buyers have to wait to experience those new features.\nSeveral new Tesla Model S buyers have told Electrek and posted to forums about how they are being told by Tesla that there’s a “hold” on delivering the new vehicle.\nBuyers who have been waiting for months for their new vehicles were told that they finally arrived at their local delivery centers, but Tesla wasn’t able to deliver them.\nThey are being told a bunch of different excuses for them not being able to complete the delivery, but the common thread appears to be that there’s a “hold” on new Model S.\nSeveral buyers are being told that the delay is due to “new inspection standards” (viahsien88·on Reddit):\nHowever, Tesla Motors is not telling them what they are inspecting and why it can’t give a new delivery date.\nBased on buyer reports, the hold appears to be in place since last weekend.\nSome buyers have expressed concerns that it could related to the Tesla Model S Plaid firefrom last month, but there’s no clear evidence of that at the moment.\nCEO Elon Musk has previously commented that one of the reasons for the delay between the launch in January and the start of deliveries in June was to “make sure that the Model S’ new battery pack was safe.”\nElectrek‘s take\nI would think that if the problem was related to the fire, Tesla would have to do more than put a delivery hold on new deliveries, but also inform current owners.\nIt can be anything really.\nIn May, we reported on Tesla Motors putting a containment hold on over 10,000 Model 3 and Model Y vehicles. It turned out that it was new vehicles produced without radar and Tesla couldn’t deliver them until it pushed its new “Tesla Vision” software update.\nIt could again be software related as some new Model S owners have noted that the new UI developed for the vehicle still needs some refinements.\nWe will have to wait and see in order to confirm the actual problem.","news_type":1},"isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}