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- orangez5orangez5
  ·2021-07-22
  go high
  Xpeng's Hong Kong shares hit new high on joining Hang Seng indexes
  ** Hong Kong shares of Chinese electric-car maker Xpeng Inc rise 6.6% to HK$172.40, their highest si
  Xpeng's Hong Kong shares hit new high on joining Hang Seng indexes
  34 评论
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- orangez5orangez5
  ·2021-07-22
  hope gd news
  Prudential to Sell Its Retirement Division to Great-West for $3.55 Billion
  (Bloomberg) -- Prudential Financial Inc. said it would sell its full-service retirement business to
  Prudential to Sell Its Retirement Division to Great-West for $3.55 Billion
  47 评论
  1
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- orangez5orangez5
  ·2021-05-28
  for crypto, do not all in
  Headed for the Moon? Make Sure You Avoid These 4 Big Cryptocurrency Scams
  Cryptocurrencies are amazing. They allow us to send lightning-fast transactions overseas, develop applications in a decentralized way, encrypt information in a manner that is safe and effective, and — most importantly — they give us an innovative new way to grow our wealth.Bitcoin blazed the trail, creating the first generation of crypto billionaires and blockchain entrepreneurs. In its wake, altcoins have been cropping up everywhere as potential gateways to gains. Although this crypto craze bri
  Headed for the Moon? Make Sure You Avoid These 4 Big Cryptocurrency Scams
  18 1
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- orangez5orangez5
  ·2021-05-11
  hold for long term
  Should We Fear, Inflation Is Here
  It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech in
  Should We Fear, Inflation Is Here
  27 评论
  点赞
  分享
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- orangez5orangez5
  ·2021-05-11
  long term view
  非常抱歉，此主贴已删除
  58 评论
  1
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- orangez5orangez5
  ·2021-05-11
  temporary red zone 🙏
  Wall Street closes lower as inflation fears prompt tech sell-off
  * Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10 - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs."The market leader
  Wall Street closes lower as inflation fears prompt tech sell-off
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Services Index from July 21</p>\n<p>** China's e-commerce major Alibaba Group takes long position in Xpeng, buying 191.9 mln, or 14.97%, of the company's Hong Kong shares, filing shows</p>\n<p>** The Hong Kong Hang Seng consumer goods and services index&nbsp;climbs 1.02% and the Hang Seng Composite Index jumps 1.5%</p>\n<p>** The Hang Seng China Enterprises Index rises 1.6% and the benchmark index gains 1.7%</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153123625","content_text":"** Hong Kong shares of Chinese electric-car maker Xpeng Inc rise 6.6% to HK$172.40, their highest since listing on July 7, and on course for fifth consecutive session of gains\n** Stock, sixth biggest percentage gainer in the Hang Seng Composite Index , set for best day since listing\n** Xpeng meets the Fast Entry Rule and joins the Hang Seng Composite Index and Hang Seng Consumer Goods & Services Index from July 21\n** China's e-commerce major Alibaba Group takes long position in Xpeng, buying 191.9 mln, or 14.97%, of the company's Hong Kong shares, filing shows\n** The Hong Kong Hang Seng consumer goods and services index climbs 1.02% and the Hang Seng Composite Index jumps 1.5%\n** The Hang Seng China Enterprises Index rises 1.6% and the benchmark index gains 1.7%","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172043220,"gmtCreate":1626923254960,"gmtModify":1633769687040,"author":{"id":"3582078951564818","authorId":"3582078951564818","authorIdStr":"3582078951564818","name":"orangez5","avatar":"https://static.tigerbbs.com/fced61806b60bb7768ce8c5fd2361078","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582078951564818"},"themes":[],"htmlText":"hope gd news","listText":"hope gd news","text":"hope gd news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172043220","repostId":"1160859146","repostType":4,"repost":{"id":"1160859146","pubTimestamp":1626920814,"share":"https://www.laohu8.com/m/news/1160859146?lang=&edition=full","pubTime":"2021-07-22 10:26","market":"us","language":"en","title":"Prudential to Sell Its Retirement Division to Great-West for $3.55 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1160859146","media":"Bloomberg","summary":"(Bloomberg) -- Prudential Financial Inc. said it would sell its full-service retirement business to ","content":"<p>(Bloomberg) -- Prudential Financial Inc. said it would sell its full-service retirement business to a unit of Canada’s Great-West Lifeco Inc. for $3.55 billion as the life insurer continues implementing Chief Executive Officer Charles Lowrey’s three-year transformation plan.</p>\n<p>The business will be purchased by Great-West’s Greenwood Village, Colorado-based Empower Retirement division. Prudential expects total proceeds of about $2.8 billion from the sale, which is expected to close in the first quarter of next year, the companies said in a statement. It will boost Empower’s customer base by about 4 million people to 16.6 million participants.</p>\n<p>Lowrey is working to transform Prudential’s business through deals, cost savings and share buybacks, including selling off interest-rate sensitive businesses and making acquisitions in growth markets. Prudential will continue participating in the retirement market, serving retirees, employers and those collecting on annuities, through businesses including its individual-annuities unit and PGIM, Prudential’s asset manager.</p>\n<p>“Today’s announcement is a significant milestone in Prudential’s transformation and the execution of our strategy to become a higher growth, less market sensitive, more nimble business,” Lowrey said in the statement.</p>\n<p>Prudential, based in Newark, New Jersey, said it will use proceeds from the transaction for general corporate purposes. It now plans to increase capital returned to shareholders by 2023 to $11 billion from the $10.5 billion announced in May, and will reduce financial leverage.</p>\n<p>Bloomberg News reported earlier this year that Prudential was exploring a sale of its retirement business. The deal comes as insurers part with retirement-related assets to focus on core operations. Great-West agreed last year to buy Massachusetts Mutual Life Insurance Co.’s retirement-services arm for $3.4 billion.</p>\n<p>“Empower’s acquisition of Prudential’s full-service retirement business will add significant scale and capabilities, further solidifying its leadership position in the world’s largest retirement market,” Great-West CEO Paul Mahon said in a separate statement.</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>Prudential to Sell Its Retirement Division to Great-West for $3.55 Billion</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\">\nPrudential to Sell Its Retirement Division to Great-West for $3.55 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/prudential-sell-retirement-division-great-132237534.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Prudential Financial Inc. said it would sell its full-service retirement business to a unit of Canada’s Great-West Lifeco Inc. for $3.55 billion as the life insurer continues ...</p>\n\n<a href=\"https://finance.yahoo.com/news/prudential-sell-retirement-division-great-132237534.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFH":"Prudential Financial Inc"},"source_url":"https://finance.yahoo.com/news/prudential-sell-retirement-division-great-132237534.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160859146","content_text":"(Bloomberg) -- Prudential Financial Inc. said it would sell its full-service retirement business to a unit of Canada’s Great-West Lifeco Inc. for $3.55 billion as the life insurer continues implementing Chief Executive Officer Charles Lowrey’s three-year transformation plan.\nThe business will be purchased by Great-West’s Greenwood Village, Colorado-based Empower Retirement division. Prudential expects total proceeds of about $2.8 billion from the sale, which is expected to close in the first quarter of next year, the companies said in a statement. It will boost Empower’s customer base by about 4 million people to 16.6 million participants.\nLowrey is working to transform Prudential’s business through deals, cost savings and share buybacks, including selling off interest-rate sensitive businesses and making acquisitions in growth markets. Prudential will continue participating in the retirement market, serving retirees, employers and those collecting on annuities, through businesses including its individual-annuities unit and PGIM, Prudential’s asset manager.\n“Today’s announcement is a significant milestone in Prudential’s transformation and the execution of our strategy to become a higher growth, less market sensitive, more nimble business,” Lowrey said in the statement.\nPrudential, based in Newark, New Jersey, said it will use proceeds from the transaction for general corporate purposes. It now plans to increase capital returned to shareholders by 2023 to $11 billion from the $10.5 billion announced in May, and will reduce financial leverage.\nBloomberg News reported earlier this year that Prudential was exploring a sale of its retirement business. The deal comes as insurers part with retirement-related assets to focus on core operations. Great-West agreed last year to buy Massachusetts Mutual Life Insurance Co.’s retirement-services arm for $3.4 billion.\n“Empower’s acquisition of Prudential’s full-service retirement business will add significant scale and capabilities, further solidifying its leadership position in the world’s largest retirement market,” Great-West CEO Paul Mahon said in a separate statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134126808,"gmtCreate":1622211998804,"gmtModify":1634182777621,"author":{"id":"3582078951564818","authorId":"3582078951564818","authorIdStr":"3582078951564818","name":"orangez5","avatar":"https://static.tigerbbs.com/fced61806b60bb7768ce8c5fd2361078","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582078951564818"},"themes":[],"htmlText":"for crypto, do not all in","listText":"for crypto, do not all in","text":"for crypto, do not all in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/134126808","repostId":"1170226387","repostType":4,"repost":{"id":"1170226387","pubTimestamp":1622211688,"share":"https://www.laohu8.com/m/news/1170226387?lang=&edition=full","pubTime":"2021-05-28 22:21","market":"fut","language":"en","title":"Headed for the Moon? Make Sure You Avoid These 4 Big Cryptocurrency Scams","url":"https://stock-news.laohu8.com/highlight/detail?id=1170226387","media":"investorplace","summary":"Cryptocurrencies are amazing. They allow us to send lightning-fast transactions overseas, develop applications in a decentralized way, encrypt information in a manner that is safe and effective, and — most importantly — they give us an innovative new way to grow our wealth.Bitcoin blazed the trail, creating the first generation of crypto billionaires and blockchain entrepreneurs. In its wake, altcoins have been cropping up everywhere as potential gateways to gains. Although this crypto craze bri","content":"<p>Cryptocurrencies are amazing. They allow us to send lightning-fast transactions overseas, develop applications in a decentralized way, encrypt information in a manner that is safe and effective, and — most importantly — they give us an innovative new way to grow our wealth.<b>Bitcoin</b>(CCC:<b>BTC-USD</b>) blazed the trail, creating the first generation of crypto billionaires and blockchain entrepreneurs. In its wake, altcoins have been cropping up everywhere as potential gateways to gains. Although this crypto craze brings great opportunity, it also brings a wealth of cryptocurrency scams, like theElon Musk impersonators who’ve made off with millionsin coins.</p><p>This new frontier of digital, decentralized finance can be a labyrinth for new investors. There are many bad actors who know that, and seek to take advantage of those who are just beginning to explore the complex world of cryptocurrencies.</p><p>At<i>InvestorPlace</i>, we want to ensure our readers are as educated as possible in order to tell the real from the fake. In the world of traditional investing, this means highlighting the risks that come with penny stocks and other volatile names. In the world of cryptocurrencies, it’s the same.</p><p>And, just like with traditional pump-and-dump schemes and other stock scams, there are signs you can look for to avoid falling for fraud.</p><p>Altcoin schemes are frustrating because they can take many forms.AARPsays it best, though: “For all cryptocurrency’s high-tech gloss, many of the related scams are just newfangled versions of classic frauds.”</p><p>In the six months from October 2020 to May 2021, those Elon Musk impersonators have been making a killing. By just creating a Twitter account using Musk’s profile image and name, these scammers have convinced users to send over $2 million in Bitcoin to them. The scam, a play on the popular“Nigerian prince”email scheme, is shockingly lucrative. And, unfortunately, it’s only a drop in the bucket as far as crypto scams go.</p><p>With this in mind, it’s a good idea to make yourself familiar with different crypto schemes to minimize the risk of falling victim to one. Let’s take a look at some of the most common crypto scams.</p><p><b>Cryptocurrency Scams to Avoid: Fake ICOs</b></p><p>A fake ICO, or initial coin offering, takes a similar shape to a pre-IPO scam. In it, a cryptocurrency will pop up. It will have a white paper and all the fixings, advertising a “groundbreaking” new blockchain tech oryield-farming modelthat is certain to bring<i>huge gains</i>.</p><p>These crypto scams usually also have great marketing. Victims are the type who are prone to speculative investing; they’ll bite, pouring money into an initial offering in order to get those “big gains.” Before you know it, they’re seeing no movement in their portfolio. Or, they’re getting a worthless token with absolutely no utility. The scammer rides off into the sunset with a full wallet.</p><p>A famous example of a fake ICO is&nbsp;<b>Pincoin</b>. The development teamraised $660 million from investors, launched a different coin from the one advertised, and compensated the victims with loads of the worthless crypto before disappearing. The resulting protests outside their Ho Chi Minh City office were a fruitless effort; the seven developersemptied the commercial space and never came back.</p><p>So how do you avoid these cryptocurrency scams? The key for spotting a fake ICO is in the details.</p><p>This means you should pore over the white paper, which is the cornerstone document to a blockchain project. It contains all the details of how a crypto functions, how it is used, and the roadmap for the underlying company and team.</p><p>The details of a white paper are where you will find the evidence of a scam. If it doesn’t have a white paper, that’s an immediate red flag. If there are typos, or if there is a lack of a clear vision or roadmap for the crypto, these are all signs of a cryptocurrency scam.</p><p><b>Ponzi Schemes</b></p><p>If you’re at all familiar with investing, you are familiar with Ponzi schemes. The scam is one in which old investors are paid with the money of new investors, under the guise of receiving gains from their investment. It’s a scheme as old as — well, as old as Charles Ponzi, who originated the scam under the façade of selling discounted postage stamps.</p><p>In the 100-plus years since, the scam has remained, but it’s become more sophisticated.</p><p>With cryptos, a Ponzi scheme takes a similar form. Scammers offer huge gains through an “up and coming” new arbitrage model. Money is taken from the new investors, given to the old investors disguised as the gains, and the scammer pockets his share.</p><p>The most notable Ponzi scheme in crypto is<b>Bitconnect</b>, a high-yield investment program disguised as an open-source currency. Users could stake their coins for high daily interest, which was actually just money taken from newer investors. And the company made a huge profit; Bitconnectwas a top 20 cryptocurrencyin terms of market capitalization before its collapse.</p><p>The U.S. Securities and Exchange Commissionkeeps a handy guideon spotting this particular crypto scheme. Investors should look out for the classic “high return, no risk” promise typical of a cryptocurrency scam. Overly complex strategies and returns that look uncannily consistent are also signs of fraud. Because of the nature of cryptos, overly consistent returns are unusual. Things ebb and flow on the market, so when returns are the same month after month, it suggests the gains are artificial.</p><p><b>Cryptocurrency Scams to Avoid: Fraud Wallets</b></p><p>A fraud wallet scam is closely related to the internet-age-old practice of phishing. But rather than sending out emails pretending to be a reputable company, fraud wallets typically wait for you to come to them.</p><p>Fraud wallets can take the shape of a website or a mobile app, just like a real crypto wallet. Everything might seem totally legitimate: a shiny logo, high ratings, a sleek interface; heck, just the fact that a wallet app is on the Apple App Store could seem like reason enough to believe a wallet is real.</p><p>Much like a lemon car, the fraud takes advantage of the adage “looks can be deceiving.” When one signs up for a fraudulent wallet, they do all the work for the scammer. They add in their information, link a card or two, and load crypto right into the scammers’ hands. Then, just as quickly as the scammers showed up, they vanish with the coins.</p><p><b>Trezor’s doppelgänger app</b>&nbsp;is a famous example of a fraud wallet scheme, evengetting coverage in the<i>Washington Post</i>. The app posed as Trezor, which is a reputable crypto wallet. However, the doppelgänger app was acting in bad faith and stripped customers’ coins. As a result, victims have lost nearly $1 million in cryptocurrency. The most disturbing part of it all is that the app was housed on Apple’s platform, a supposedly safe space to download applications. It proves that you can’t let your guard down.</p><p>My advice here is to stick with the biggest wallet players. Look for wallets with blue checkmarks on their Twitter profiles. Go to websites through official links to be sure you’re on legitimate sites. Don’t necessarily trust an app just because it has hundreds of reviews on an app store; security firm ESET says to “only trust cryptocurrency-related and other finance apps if they are linked from the official website of the service.”</p><p>Double and triple check that you’re looking through official channels when preparing to sign up for a wallet in-browser. If you go through as many channels as possible that evaluate content for fraud, the likelihood that you are using a crypto scam product decreases significantly.</p><p><b>Social Media Scams</b></p><p>Social media scams are not exclusive to cryptocurrency. They’ve been around as long as social media has existed, and while all seek different ends, many recent social media scams want your digital currency.</p><p>Another variant of phishing, social media scams typically involve an account advertising big gains, a survey, or something similar, with a link. Clicking the link can lead to malware being installed on one’s device. Or, scammers can simply lure you into entering your information.</p><p>In the crypto-sphere, these scams usually target Bitcoin holders, due simply to the coin’s high value and rapid growth. A famous scam occurred in 2020, when hackers gained access to a slew of different celebrities’ Twitter accounts. Tweets went out from Barack Obama, Elon Musk and Kanye West; all including a wallet address. The promise was that a Bitcoin payment to the address would be paid back to users in double. The hackersmade approximately $121,000 from willful payments.</p><p>This cryptocurrency scam is the most easily avoided of the bunch. If you don’t know a user, don’t click any mysterious links. Typically, the scam is perpetuated by scammers on accounts that are brand new, have zero followers, and no profile picture. Even in the case of the famous Twitter hack that saw scams coming from verified accounts, it’s obvious that a promise to double one’s investment for free is illegitimate. Tom Robinson, co-founder of&nbsp;<b>Elliptic</b>,says of these scams, “what we often see with these type [sic] of exploits is that the exploit itself can be very sophisticated but they’re not very good at monetizing it.”</p><p>Some common sense and a keen sense of skepticism can go a long way.</p><p><b>The Bottom Line on Cryptocurrency Scams</b></p><p>This list isn’t all-encompassing; as cryptocurrencies change shape to fit consumers’ needs, so too will scams shapeshift to lure in new victims. Crypto is a booming industry, and a large part of that is because it is not regulated. Users can do whatever they want, which means some will use their privileges for malicious purposes.</p><p>Meme coins are going to keep cropping up, promising the success of&nbsp;<b>Dogecoin</b>(CCC:<b>DOGE-USD</b>). They’re not all illegitimate, but keep all of this information stored. You should be able to stay wary and skim the fakes from the pool. Likewise, fraudulent wallets and exchanges will continue popping up as long as legitimate ones keep hitting the market as “innovative new platforms in blockchain tech.”</p><p>Almost all crypto scams can be rooted out by simply taking a closer look. Scammers are sloppy — they make typos, they leave out details. If it walks like a scam, and it talks like a scam, it’s best to stay away, because it’s a scam.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Headed for the Moon? Make Sure You Avoid These 4 Big Cryptocurrency Scams</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\">\nHeaded for the Moon? Make Sure You Avoid These 4 Big Cryptocurrency Scams\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/headed-for-the-moon-make-sure-you-avoid-these-4-big-cryptocurrency-scams/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrencies are amazing. They allow us to send lightning-fast transactions overseas, develop applications in a decentralized way, encrypt information in a manner that is safe and effective, and —...</p>\n\n<a href=\"https://investorplace.com/headed-for-the-moon-make-sure-you-avoid-these-4-big-cryptocurrency-scams/\">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://investorplace.com/headed-for-the-moon-make-sure-you-avoid-these-4-big-cryptocurrency-scams/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170226387","content_text":"Cryptocurrencies are amazing. They allow us to send lightning-fast transactions overseas, develop applications in a decentralized way, encrypt information in a manner that is safe and effective, and — most importantly — they give us an innovative new way to grow our wealth.Bitcoin(CCC:BTC-USD) blazed the trail, creating the first generation of crypto billionaires and blockchain entrepreneurs. In its wake, altcoins have been cropping up everywhere as potential gateways to gains. Although this crypto craze brings great opportunity, it also brings a wealth of cryptocurrency scams, like theElon Musk impersonators who’ve made off with millionsin coins.This new frontier of digital, decentralized finance can be a labyrinth for new investors. There are many bad actors who know that, and seek to take advantage of those who are just beginning to explore the complex world of cryptocurrencies.AtInvestorPlace, we want to ensure our readers are as educated as possible in order to tell the real from the fake. In the world of traditional investing, this means highlighting the risks that come with penny stocks and other volatile names. In the world of cryptocurrencies, it’s the same.And, just like with traditional pump-and-dump schemes and other stock scams, there are signs you can look for to avoid falling for fraud.Altcoin schemes are frustrating because they can take many forms.AARPsays it best, though: “For all cryptocurrency’s high-tech gloss, many of the related scams are just newfangled versions of classic frauds.”In the six months from October 2020 to May 2021, those Elon Musk impersonators have been making a killing. By just creating a Twitter account using Musk’s profile image and name, these scammers have convinced users to send over $2 million in Bitcoin to them. The scam, a play on the popular“Nigerian prince”email scheme, is shockingly lucrative. And, unfortunately, it’s only a drop in the bucket as far as crypto scams go.With this in mind, it’s a good idea to make yourself familiar with different crypto schemes to minimize the risk of falling victim to one. Let’s take a look at some of the most common crypto scams.Cryptocurrency Scams to Avoid: Fake ICOsA fake ICO, or initial coin offering, takes a similar shape to a pre-IPO scam. In it, a cryptocurrency will pop up. It will have a white paper and all the fixings, advertising a “groundbreaking” new blockchain tech oryield-farming modelthat is certain to bringhuge gains.These crypto scams usually also have great marketing. Victims are the type who are prone to speculative investing; they’ll bite, pouring money into an initial offering in order to get those “big gains.” Before you know it, they’re seeing no movement in their portfolio. Or, they’re getting a worthless token with absolutely no utility. The scammer rides off into the sunset with a full wallet.A famous example of a fake ICO is Pincoin. The development teamraised $660 million from investors, launched a different coin from the one advertised, and compensated the victims with loads of the worthless crypto before disappearing. The resulting protests outside their Ho Chi Minh City office were a fruitless effort; the seven developersemptied the commercial space and never came back.So how do you avoid these cryptocurrency scams? The key for spotting a fake ICO is in the details.This means you should pore over the white paper, which is the cornerstone document to a blockchain project. It contains all the details of how a crypto functions, how it is used, and the roadmap for the underlying company and team.The details of a white paper are where you will find the evidence of a scam. If it doesn’t have a white paper, that’s an immediate red flag. If there are typos, or if there is a lack of a clear vision or roadmap for the crypto, these are all signs of a cryptocurrency scam.Ponzi SchemesIf you’re at all familiar with investing, you are familiar with Ponzi schemes. The scam is one in which old investors are paid with the money of new investors, under the guise of receiving gains from their investment. It’s a scheme as old as — well, as old as Charles Ponzi, who originated the scam under the façade of selling discounted postage stamps.In the 100-plus years since, the scam has remained, but it’s become more sophisticated.With cryptos, a Ponzi scheme takes a similar form. Scammers offer huge gains through an “up and coming” new arbitrage model. Money is taken from the new investors, given to the old investors disguised as the gains, and the scammer pockets his share.The most notable Ponzi scheme in crypto isBitconnect, a high-yield investment program disguised as an open-source currency. Users could stake their coins for high daily interest, which was actually just money taken from newer investors. And the company made a huge profit; Bitconnectwas a top 20 cryptocurrencyin terms of market capitalization before its collapse.The U.S. Securities and Exchange Commissionkeeps a handy guideon spotting this particular crypto scheme. Investors should look out for the classic “high return, no risk” promise typical of a cryptocurrency scam. Overly complex strategies and returns that look uncannily consistent are also signs of fraud. Because of the nature of cryptos, overly consistent returns are unusual. Things ebb and flow on the market, so when returns are the same month after month, it suggests the gains are artificial.Cryptocurrency Scams to Avoid: Fraud WalletsA fraud wallet scam is closely related to the internet-age-old practice of phishing. But rather than sending out emails pretending to be a reputable company, fraud wallets typically wait for you to come to them.Fraud wallets can take the shape of a website or a mobile app, just like a real crypto wallet. Everything might seem totally legitimate: a shiny logo, high ratings, a sleek interface; heck, just the fact that a wallet app is on the Apple App Store could seem like reason enough to believe a wallet is real.Much like a lemon car, the fraud takes advantage of the adage “looks can be deceiving.” When one signs up for a fraudulent wallet, they do all the work for the scammer. They add in their information, link a card or two, and load crypto right into the scammers’ hands. Then, just as quickly as the scammers showed up, they vanish with the coins.Trezor’s doppelgänger app is a famous example of a fraud wallet scheme, evengetting coverage in theWashington Post. The app posed as Trezor, which is a reputable crypto wallet. However, the doppelgänger app was acting in bad faith and stripped customers’ coins. As a result, victims have lost nearly $1 million in cryptocurrency. The most disturbing part of it all is that the app was housed on Apple’s platform, a supposedly safe space to download applications. It proves that you can’t let your guard down.My advice here is to stick with the biggest wallet players. Look for wallets with blue checkmarks on their Twitter profiles. Go to websites through official links to be sure you’re on legitimate sites. Don’t necessarily trust an app just because it has hundreds of reviews on an app store; security firm ESET says to “only trust cryptocurrency-related and other finance apps if they are linked from the official website of the service.”Double and triple check that you’re looking through official channels when preparing to sign up for a wallet in-browser. If you go through as many channels as possible that evaluate content for fraud, the likelihood that you are using a crypto scam product decreases significantly.Social Media ScamsSocial media scams are not exclusive to cryptocurrency. They’ve been around as long as social media has existed, and while all seek different ends, many recent social media scams want your digital currency.Another variant of phishing, social media scams typically involve an account advertising big gains, a survey, or something similar, with a link. Clicking the link can lead to malware being installed on one’s device. Or, scammers can simply lure you into entering your information.In the crypto-sphere, these scams usually target Bitcoin holders, due simply to the coin’s high value and rapid growth. A famous scam occurred in 2020, when hackers gained access to a slew of different celebrities’ Twitter accounts. Tweets went out from Barack Obama, Elon Musk and Kanye West; all including a wallet address. The promise was that a Bitcoin payment to the address would be paid back to users in double. The hackersmade approximately $121,000 from willful payments.This cryptocurrency scam is the most easily avoided of the bunch. If you don’t know a user, don’t click any mysterious links. Typically, the scam is perpetuated by scammers on accounts that are brand new, have zero followers, and no profile picture. Even in the case of the famous Twitter hack that saw scams coming from verified accounts, it’s obvious that a promise to double one’s investment for free is illegitimate. Tom Robinson, co-founder of Elliptic,says of these scams, “what we often see with these type [sic] of exploits is that the exploit itself can be very sophisticated but they’re not very good at monetizing it.”Some common sense and a keen sense of skepticism can go a long way.The Bottom Line on Cryptocurrency ScamsThis list isn’t all-encompassing; as cryptocurrencies change shape to fit consumers’ needs, so too will scams shapeshift to lure in new victims. Crypto is a booming industry, and a large part of that is because it is not regulated. Users can do whatever they want, which means some will use their privileges for malicious purposes.Meme coins are going to keep cropping up, promising the success of Dogecoin(CCC:DOGE-USD). They’re not all illegitimate, but keep all of this information stored. You should be able to stay wary and skim the fakes from the pool. Likewise, fraudulent wallets and exchanges will continue popping up as long as legitimate ones keep hitting the market as “innovative new platforms in blockchain tech.”Almost all crypto scams can be rooted out by simply taking a closer look. Scammers are sloppy — they make typos, they leave out details. If it walks like a scam, and it talks like a scam, it’s best to stay away, because it’s a scam.","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193947132,"gmtCreate":1620748653526,"gmtModify":1634196603334,"author":{"id":"3582078951564818","authorId":"3582078951564818","authorIdStr":"3582078951564818","name":"orangez5","avatar":"https://static.tigerbbs.com/fced61806b60bb7768ce8c5fd2361078","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582078951564818"},"themes":[],"htmlText":"hold for long term","listText":"hold for long term","text":"hold for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/193947132","repostId":"1171091038","repostType":4,"repost":{"id":"1171091038","pubTimestamp":1620745886,"share":"https://www.laohu8.com/m/news/1171091038?lang=&edition=full","pubTime":"2021-05-11 23:11","market":"us","language":"en","title":"Should We Fear, Inflation Is Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1171091038","media":"zerohedge","summary":"It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech in","content":"<p>It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s producer prices&nbsp;accelerated&nbsp;overnight.&nbsp;VIX futures are higher with broad risk aversion setting up for European equities to catch up to the late downbeat U.S. session.</p>\n<p>At least investor jitters that rising inflation could lift bond yields, and sap equities’ appeal could take comfort from real yields. The 10-year U.S. inflation-adjusted benchmark tumbled to three-month lows, keeping nominal yields in check as breakevens&nbsp;jumped&nbsp;to multi-year highs.</p>\n<p><img src=\"https://static.tigerbbs.com/e8047b97c104b947668ce19b34f7fd4a\" tg-width=\"1259\" tg-height=\"716\"></p>\n<p>Financial conditions reached another&nbsp;record, while evidence of stocks’ rotation remains: S&amp;P 500 energy and financials advanced over the past 5 sessions, value is outperforming growth –- particularly in&nbsp;Europe&nbsp;-- and the RTY/NDX is well, steady –- much like 10-year nominal yields around 1.60%.</p>\n<p>U.S. labor market frictions look to be adding to inflation fears, with JOLTs data, a leading indicator of hiring, likely to signal workers’ growing pricing power. And the NFIB small business optimism will be watched today for supply side constraints –- last month, job openings that were “hard to fill” reached at least a four-decade high. Of course, labor market dislocations remain and a handful of Fed speakers today will no doubt look to assuage inflation fears and discount near-term tapering risks. Not like Bill&nbsp;Dudley.</p>\n<p><img src=\"https://static.tigerbbs.com/98df6b5f32251d558127766afc21fad8\" tg-width=\"1257\" tg-height=\"710\"></p>\n<p>Whether the Fed falls too far behind the curve remains up for debate. Markets, on the other hand, aren’t as comfortable looking through transitory inflation as evidence builds and expectations climb -- that could become a self-fulfilling prophecy after all.</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>Should We Fear, Inflation Is Here</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\">\nShould We Fear, Inflation Is Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-11 23:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/should-we-fear-inflation-here><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/should-we-fear-inflation-here\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/should-we-fear-inflation-here","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171091038","content_text":"It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s producer prices accelerated overnight. VIX futures are higher with broad risk aversion setting up for European equities to catch up to the late downbeat U.S. session.\nAt least investor jitters that rising inflation could lift bond yields, and sap equities’ appeal could take comfort from real yields. The 10-year U.S. inflation-adjusted benchmark tumbled to three-month lows, keeping nominal yields in check as breakevens jumped to multi-year highs.\n\nFinancial conditions reached another record, while evidence of stocks’ rotation remains: S&P 500 energy and financials advanced over the past 5 sessions, value is outperforming growth –- particularly in Europe -- and the RTY/NDX is well, steady –- much like 10-year nominal yields around 1.60%.\nU.S. labor market frictions look to be adding to inflation fears, with JOLTs data, a leading indicator of hiring, likely to signal workers’ growing pricing power. And the NFIB small business optimism will be watched today for supply side constraints –- last month, job openings that were “hard to fill” reached at least a four-decade high. Of course, labor market dislocations remain and a handful of Fed speakers today will no doubt look to assuage inflation fears and discount near-term tapering risks. Not like Bill Dudley.\n\nWhether the Fed falls too far behind the curve remains up for debate. Markets, on the other hand, aren’t as comfortable looking through transitory inflation as evidence builds and expectations climb -- that could become a self-fulfilling prophecy after all.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193944835,"gmtCreate":1620748568127,"gmtModify":1634196603814,"author":{"id":"3582078951564818","authorId":"3582078951564818","authorIdStr":"3582078951564818","name":"orangez5","avatar":"https://static.tigerbbs.com/fced61806b60bb7768ce8c5fd2361078","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582078951564818"},"themes":[],"htmlText":"long term view","listText":"long term view","text":"long term view","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/193944835","repostId":"1199341916","repostType":4,"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199837784,"gmtCreate":1620694335948,"gmtModify":1634197075508,"author":{"id":"3582078951564818","authorId":"3582078951564818","authorIdStr":"3582078951564818","name":"orangez5","avatar":"https://static.tigerbbs.com/fced61806b60bb7768ce8c5fd2361078","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582078951564818"},"themes":[],"htmlText":"temporary red zone 🙏","listText":"temporary red zone 🙏","text":"temporary red zone 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/199837784","repostId":"2134551566","repostType":4,"repost":{"id":"2134551566","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":1620678383,"share":"https://www.laohu8.com/m/news/2134551566?lang=&edition=full","pubTime":"2021-05-11 04:26","market":"us","language":"en","title":"Wall Street closes lower as inflation fears prompt tech sell-off","url":"https://stock-news.laohu8.com/highlight/detail?id=2134551566","media":"Reuters","summary":"* Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10  - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leader","content":"<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></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>Wall Street closes lower as inflation fears prompt tech sell-off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes lower as inflation fears prompt tech sell-off\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\">2021-05-11 04:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134551566","content_text":"* Electric vehicle shares drop after Workhorse miss* Rising commodity prices fuel inflation concerns* Tech-related stocks pull Nasdaq lower* Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities $(TIPS)$ touched their highest levels since 2011 and 2013, respectively.\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.The Dow Jones Industrial Average fell 34.94 points, or 0.1%, to 34,742.82, the S&P 500 lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite dropped 350.38 points, or 2.55%, to 13,401.86.Of the 11 major sectors in the S&P 500, six closed red. Tech was the biggest loser, sliding 2.5%.First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.Analysts now see year-on-year S&P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per RefinitivHotel operator Marriott International Inc missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.After the bell, its rival Wynn Resorts Ltd missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.Electric vehicle stocks put on the brakes, with Tesla Inc down 6.4% and Fisker off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.FireEye rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.The S&P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.Here are company's financial statementsOccidental Petroleum loss narrows as crude prices reboundAffirm beats on revenue, sees early recovery in travel spendingYalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued OperationsTuSimple Holdings EPS beats by $0.01, misses on revenueNovavax Reports Q1 Loss, Tops Revenue Estimates3D Systems Surpasses Q1 Earnings and Revenue EstimatesVirgin Galactic shares fall after another quarterly loss, no date set for next spaceflight testRoblox revenue grows 140% in first earnings report since company went public","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}