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ShawnLing

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- ShawnLingShawnLing
  ·2021-03-30
  Hm
  Sorry, this post has been deleted
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- ShawnLingShawnLing
  ·2021-03-30
  Toh
  Archegos? Argh, Chaos More Like
  I noted yesterday that the expected market turbulence caused by the Archegos sell-off was not repres
  Archegos? Argh, Chaos More Like
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- ShawnLingShawnLing
  ·2021-03-25
  Big red
  China Digital Yuan Will Co-Exist With Alipay, WeChat, PBOC Says
  China’s central bank said its planned digital currency will co-exist with technology platforms like
  China Digital Yuan Will Co-Exist With Alipay, WeChat, PBOC Says
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- ShawnLingShawnLing
  ·2021-03-25
  like and test save my red portfolio
  Toplines Before US Market Open on Thursday
  U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile a
  Toplines Before US Market Open on Thursday
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- ShawnLingShawnLing
  ·2021-03-11
  Test
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- ShawnLingShawnLing
  ·2021-03-11
  Test
  Warren Buffett is now worth $100 billion
  New York/Hong Kong - Warren Buffett has just joined the world's most exclusive club of the mega rich.The legendary American investor was worth $100 billion on Thursday, according to the Bloomberg Billionaire's Index. That puts him in the company of just five other men above that threshold. And he's now the sixth richest person in the world, ranking just behindFacebookCEO Mark Zuckerberg.The 90-year-old Buffett has added nearly $13 billion to his net worth this year as shares in his industrial a
  Warren Buffett is now worth $100 billion
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Argh, Chaos More Like","url":"https://stock-news.laohu8.com/highlight/detail?id=1149049776","media":"zerohedge","summary":"I noted yesterday that the expected market turbulence caused by the Archegos sell-off was not repres","content":"<p>I noted yesterday that the expected market turbulence caused by the Archegos sell-off was not representative of the underlying structural issues that will guide markets going forwards. I stick by that claim, but even so what a messy day it was. Some individual stocks got hit hard, and US bond yields were up, presumably due to the need to sell anything to get liquidity, while the USD see-sawed.<b>Archegos? ‘</b><i><b>Argh, chaos</b></i><b>’ more like.</b></p><p>This overshadowed the good news that the Suez Canal is now open again. However, there is a link between the two:<b>both stories reveal how stupid the key infrastructure of the global economy and financial system still is. ‘Too big to sail and too big to fail’, as some dub the two halves of this dyad: and Joe Public can again see our system encourages entities to get so large and complex that when a simple incident happens, everything gets stuck.</b>Something surely needs to change, unless we are going to assume there can’t be any more ‘Argh, chaos’ “because markets”, or any more stuck giant ships in the Suez Canal “because boats”.</p><p>So, change? Fed Governor Waller spoke to the Peterson Institute for International Economics yesterday, where he<b>rejected any suggestions the Fed was close to embracing the MMT</b>: he wanted to “<i>definitively put that narrative to rest. It is simply wrong</i>”. Borrowing costs are<i>not</i>being kept low to help finance the government, apparently. (<b>It’s all inflation; and unemployment; and social justice; and the climate</b>?) Clearly there won’t be any need for an Operation Twist and Shout or for Yield Curve Control then…but can we get that in writing?</p><p>At the same time,<b>the press reports the Biden administration is planning a</b><i><b>further</b></i><b>Covid relief bill separate from a key infrastructure bill to be launched Wednesday; and the latter is now rumored to be for as much as</b><i><b>USD4 trillion</b></i><b>, or close to 20% of GDP</b>, funded by USD3 trillion of tax hikes on businesses and the rich, the largest hike in a generation, as opposed to the original idea of USD3 trillion in spending funded by USD1 trillion of taxes.</p><p>If the larger stimulus package is the one put forward, it means<b>there is no sign of MMT in the White House</b>either, because the net spend of USD1 trillion (over a decade) is hardly in the money-printing category. Instead,<b>there is a</b><b><i>redistributive</i></b><b>fiscal package that presumes USD3 trillion the rich have can be spent more productively on bridges, roads, and ports</b>, etc., than on $100m condos filled with gold-dusted caviar or stock buybacks. Cue a shift of political debate from ‘MMT’ vs. ‘no MMT’ to ‘The government doesn’t know what it’s doing!’ vs. ‘The rich<i>do</i>know what they are doing – turning the US into an oligarchic kleptocracy’. And may the best lobbyists win.</p><p>As a linked aside, yesterday I saw 1963 US plans for an alternative to the Suez Canal, because at the time Egypt was a Soviet client state. This was to use *530* nukes to blow a 160-mile long, 1,500 foot deep channel through Israel from its Mediterranean coast to the Red Sea, which would “<i>probably contribute greatly to the economic development of the surrounding area</i>”(!) That underlines the idiocy of central planning<i>and</i>of Cold War thinking. Which is doubly worrying given any new Cold War is again very likely going to see key global infrastructure in the hands of states not aligned with US geostrategic interests, and the US is already talking about its own Belt and Road rival (as China seems to slowly back away from the economic drain of its own).<b>Beware Americans bearing nukes.</b></p><p>Yet the economic national-security Hamiltonian model, the ideas of Henry George, and the fact Eisenhower built the US inter-state highway network partially to prevent Soviet invasion from either coast, still all hold as much water as the glow-in-the-dark 160-mile long monstrosity through Israel would have.</p><p>Meanwhile, as the US and nukes and the Middle East make headlines for different reasons today, but still leaving much of Israel feeling antsy, BOJ Governor Kuroda just stated he will continue to buy ETFs within a JPY12 trillion cap “<i>with a close eye on markets</i>” even after Covid is over; he won’t sell the BOJ’s stock of ETFs; and the inflation target stays at 2% (ROFL!). He also thinks that it is “<i>natural for the government to deploy fiscal stimulus flexibly, though Japan must also maintain market trust over its medium- and long-term fiscal health</i>.” (Will the people in the market who associate Japan with long-term fiscal health please stand up?) The BOJ will also “<i>support various entities’ efforts towards reform as Japan faces challenges in the post-Covid world</i>”: does he mean the local Olympic Games Committee? In short, more of the same is on offer from the BOJ – which has worked so magnificently for it so far.</p><p>That’s another lesson for the US.<b>Structural reform needs to be</b><i><b>structural</b></i>, not just cementing over river beds – or blowing up the Negev desert.</p><p>On which note, the FTSE Bond Index just announced that it is about to include Chinese government bonds (CGBs) in its world index, allowing global investors to buy both sides of the Cold War bet and all related public expenditures. But there is a sting in the tail:<b>the FTSE CGB weighting will be just 5.25%, not the 6.5% expected, starting October 29, and this will be tapered in over 36 months, not 12 months as originally believed</b>.</p><p>A few months ago, when China was seeing too much capital flow in for its liking, that slower pace might have been welcome. Indeed, and ironically, much of the capital that went in to Chinese markets from foreign funds is believed to have been encouraged to flow straight back out again via different channels to prevent excess appreciation pressure on the currency (and note that China’s FX reserves have hardly soared). Yet CNY and CNH are starting to move markedly lower again; and genuine capital outflows are being experienced as US yields rise, even despite bumper Covid-related trade surpluses (which will fade with the virus does). Moreover,<b>with the geopolitical backdrop this Cold, how could this most political of all FX crosses not eventually respond in kind?</b></p><p>One wonders what the Fed (and ECB and BOJ) would make of any sustained move lower in CNY, given what it will mean for inflation; and the White House, given what it means for jobs.</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>Archegos? Argh, Chaos More Like</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\">\nArchegos? Argh, Chaos More Like\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/archegos-argh-chaos-more?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I noted yesterday that the expected market turbulence caused by the Archegos sell-off was not representative of the underlying structural issues that will guide markets going forwards. I stick by that...</p>\n\n<a href=\"https://www.zerohedge.com/markets/archegos-argh-chaos-more?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/487980eafa9a1c606a77e47e87065651","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/archegos-argh-chaos-more?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149049776","content_text":"I noted yesterday that the expected market turbulence caused by the Archegos sell-off was not representative of the underlying structural issues that will guide markets going forwards. I stick by that claim, but even so what a messy day it was. Some individual stocks got hit hard, and US bond yields were up, presumably due to the need to sell anything to get liquidity, while the USD see-sawed.Archegos? ‘Argh, chaos’ more like.This overshadowed the good news that the Suez Canal is now open again. However, there is a link between the two:both stories reveal how stupid the key infrastructure of the global economy and financial system still is. ‘Too big to sail and too big to fail’, as some dub the two halves of this dyad: and Joe Public can again see our system encourages entities to get so large and complex that when a simple incident happens, everything gets stuck.Something surely needs to change, unless we are going to assume there can’t be any more ‘Argh, chaos’ “because markets”, or any more stuck giant ships in the Suez Canal “because boats”.So, change? Fed Governor Waller spoke to the Peterson Institute for International Economics yesterday, where herejected any suggestions the Fed was close to embracing the MMT: he wanted to “definitively put that narrative to rest. It is simply wrong”. Borrowing costs arenotbeing kept low to help finance the government, apparently. (It’s all inflation; and unemployment; and social justice; and the climate?) Clearly there won’t be any need for an Operation Twist and Shout or for Yield Curve Control then…but can we get that in writing?At the same time,the press reports the Biden administration is planning afurtherCovid relief bill separate from a key infrastructure bill to be launched Wednesday; and the latter is now rumored to be for as much asUSD4 trillion, or close to 20% of GDP, funded by USD3 trillion of tax hikes on businesses and the rich, the largest hike in a generation, as opposed to the original idea of USD3 trillion in spending funded by USD1 trillion of taxes.If the larger stimulus package is the one put forward, it meansthere is no sign of MMT in the White Houseeither, because the net spend of USD1 trillion (over a decade) is hardly in the money-printing category. Instead,there is aredistributivefiscal package that presumes USD3 trillion the rich have can be spent more productively on bridges, roads, and ports, etc., than on $100m condos filled with gold-dusted caviar or stock buybacks. Cue a shift of political debate from ‘MMT’ vs. ‘no MMT’ to ‘The government doesn’t know what it’s doing!’ vs. ‘The richdoknow what they are doing – turning the US into an oligarchic kleptocracy’. And may the best lobbyists win.As a linked aside, yesterday I saw 1963 US plans for an alternative to the Suez Canal, because at the time Egypt was a Soviet client state. This was to use *530* nukes to blow a 160-mile long, 1,500 foot deep channel through Israel from its Mediterranean coast to the Red Sea, which would “probably contribute greatly to the economic development of the surrounding area”(!) That underlines the idiocy of central planningandof Cold War thinking. Which is doubly worrying given any new Cold War is again very likely going to see key global infrastructure in the hands of states not aligned with US geostrategic interests, and the US is already talking about its own Belt and Road rival (as China seems to slowly back away from the economic drain of its own).Beware Americans bearing nukes.Yet the economic national-security Hamiltonian model, the ideas of Henry George, and the fact Eisenhower built the US inter-state highway network partially to prevent Soviet invasion from either coast, still all hold as much water as the glow-in-the-dark 160-mile long monstrosity through Israel would have.Meanwhile, as the US and nukes and the Middle East make headlines for different reasons today, but still leaving much of Israel feeling antsy, BOJ Governor Kuroda just stated he will continue to buy ETFs within a JPY12 trillion cap “with a close eye on markets” even after Covid is over; he won’t sell the BOJ’s stock of ETFs; and the inflation target stays at 2% (ROFL!). He also thinks that it is “natural for the government to deploy fiscal stimulus flexibly, though Japan must also maintain market trust over its medium- and long-term fiscal health.” (Will the people in the market who associate Japan with long-term fiscal health please stand up?) The BOJ will also “support various entities’ efforts towards reform as Japan faces challenges in the post-Covid world”: does he mean the local Olympic Games Committee? In short, more of the same is on offer from the BOJ – which has worked so magnificently for it so far.That’s another lesson for the US.Structural reform needs to bestructural, not just cementing over river beds – or blowing up the Negev desert.On which note, the FTSE Bond Index just announced that it is about to include Chinese government bonds (CGBs) in its world index, allowing global investors to buy both sides of the Cold War bet and all related public expenditures. But there is a sting in the tail:the FTSE CGB weighting will be just 5.25%, not the 6.5% expected, starting October 29, and this will be tapered in over 36 months, not 12 months as originally believed.A few months ago, when China was seeing too much capital flow in for its liking, that slower pace might have been welcome. Indeed, and ironically, much of the capital that went in to Chinese markets from foreign funds is believed to have been encouraged to flow straight back out again via different channels to prevent excess appreciation pressure on the currency (and note that China’s FX reserves have hardly soared). Yet CNY and CNH are starting to move markedly lower again; and genuine capital outflows are being experienced as US yields rise, even despite bumper Covid-related trade surpluses (which will fade with the virus does). Moreover,with the geopolitical backdrop this Cold, how could this most political of all FX crosses not eventually respond in kind?One wonders what the Fed (and ECB and BOJ) would make of any sustained move lower in CNY, given what it will mean for inflation; and the White House, given what it means for jobs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358807857,"gmtCreate":1616677848779,"gmtModify":1704797290270,"author":{"id":"3562916867510024","authorId":"3562916867510024","name":"ShawnLing","avatar":"https://static.tigerbbs.com/edd8f7bb778d2da2f9d3f7732c5523a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562916867510024","idStr":"3562916867510024"},"themes":[],"htmlText":"Big red","listText":"Big red","text":"Big red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358807857","repostId":"1156972629","repostType":4,"repost":{"id":"1156972629","kind":"news","pubTimestamp":1616677029,"share":"https://ttm.financial/m/news/1156972629?lang=&edition=fundamental","pubTime":"2021-03-25 20:57","market":"sh","language":"en","title":"China Digital Yuan Will Co-Exist With Alipay, WeChat, PBOC Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1156972629","media":"Bloomberg","summary":"China’s central bank said its planned digital currency will co-exist with technology platforms like ","content":"<p>China’s central bank said its planned digital currency will co-exist with technology platforms like Ant Group Co.’s Alipay and Tencent Holdings Ltd.’s WeChat Pay, which currently dominate the online payments market.</p>\n<p>Mu Changchun, director of the People’s Bank of China’s digital currency research institute, outlined four reasons for the central bank’s development of its own electronic yuan:</p>\n<ul>\n <li>Safeguard monetary sovereignty. Bitcoin’s popularity in the past posed a threat to capital account management</li>\n <li>As a back-up toAlipay and Tencent Pay, in case they experience problems, either financially or technically. The two together make up 98% of the mobile payment market and if they had a setback, it could negatively affect China’s financial stability</li>\n <li>Improve efficiency of payments system</li>\n <li>Promote financial inclusion</li>\n</ul>\n<p>Mu was speaking Thursday during a panel discussion organized by the Bank for International Settlements.</p>\n<p>Regarding potential cross-border applications, Mu said digital currency supplied by one central bank shouldn’t impede other central banks’ ability to carry out their mandates for monetary and financial stability.</p>\n<p>He also called on other central banks to protect their monetary sovereignty and avoid the “dollarization” of digital currency.</p>\n<p>The PBOC is already trialing its digital yuan in some parts of the country and could be the first major central bank to issue a virtual currency.</p>\n<p>Speaking at a conference on the weekend, Mu tried to allay concerns around privacy, saying the electronic yuan has the“highest level of privacy protection”compared with existing payment methods. Users’ personal information will not be available to vendors, unlike with other digital payment platforms, he said.</p>","source":"lsy1584095487587","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>China Digital Yuan Will Co-Exist With Alipay, WeChat, PBOC Says</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\">\nChina Digital Yuan Will Co-Exist With Alipay, WeChat, PBOC Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 20:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-25/china-digital-yuan-will-co-exist-with-alipay-wechat-pboc-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s central bank said its planned digital currency will co-exist with technology platforms like Ant Group Co.’s Alipay and Tencent Holdings Ltd.’s WeChat Pay, which currently dominate the online ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-25/china-digital-yuan-will-co-exist-with-alipay-wechat-pboc-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://bloomberg.com/news/articles/2021-03-25/china-digital-yuan-will-co-exist-with-alipay-wechat-pboc-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156972629","content_text":"China’s central bank said its planned digital currency will co-exist with technology platforms like Ant Group Co.’s Alipay and Tencent Holdings Ltd.’s WeChat Pay, which currently dominate the online payments market.\nMu Changchun, director of the People’s Bank of China’s digital currency research institute, outlined four reasons for the central bank’s development of its own electronic yuan:\n\nSafeguard monetary sovereignty. Bitcoin’s popularity in the past posed a threat to capital account management\nAs a back-up toAlipay and Tencent Pay, in case they experience problems, either financially or technically. The two together make up 98% of the mobile payment market and if they had a setback, it could negatively affect China’s financial stability\nImprove efficiency of payments system\nPromote financial inclusion\n\nMu was speaking Thursday during a panel discussion organized by the Bank for International Settlements.\nRegarding potential cross-border applications, Mu said digital currency supplied by one central bank shouldn’t impede other central banks’ ability to carry out their mandates for monetary and financial stability.\nHe also called on other central banks to protect their monetary sovereignty and avoid the “dollarization” of digital currency.\nThe PBOC is already trialing its digital yuan in some parts of the country and could be the first major central bank to issue a virtual currency.\nSpeaking at a conference on the weekend, Mu tried to allay concerns around privacy, saying the electronic yuan has the“highest level of privacy protection”compared with existing payment methods. Users’ personal information will not be available to vendors, unlike with other digital payment platforms, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358804192,"gmtCreate":1616677802116,"gmtModify":1704797288107,"author":{"id":"3562916867510024","authorId":"3562916867510024","name":"ShawnLing","avatar":"https://static.tigerbbs.com/edd8f7bb778d2da2f9d3f7732c5523a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562916867510024","idStr":"3562916867510024"},"themes":[],"htmlText":"like and test save my red portfolio","listText":"like and test save my red portfolio","text":"like and test save my red portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358804192","repostId":"1142620967","repostType":4,"repost":{"id":"1142620967","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616675149,"share":"https://ttm.financial/m/news/1142620967?lang=&edition=fundamental","pubTime":"2021-03-25 20:25","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1142620967","media":"Tiger Newspress","summary":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile a","content":"<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-25 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142620967","content_text":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile amid efforts to move ship blocking Suez CanalU.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the blockage of the Suez Canal fizzled.At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.*Source FromTiger Trade, EST 08:10In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.Federal Reserve Chairman Jerome Powell said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.Stocks making the biggest moves in the premarket:EV Stocks (Tesla,Nio,Xpeng Motors and Li Auto)  EV Stocks Stocks underperformed,The shares of Xpeng Motors fell 6%,Nio fell 5%,Li Auto fell 4% and Tesla fell 3.6% in premarket trading.Hot Chinese concept stocks (Alibaba,Pinduoduo,JD.COM,Baidu) As U.S. SEC begins roll-out of law aimed at delisting Chinese firms,Hot Chinese concept stocksgenerally fell,The shares of Alibaba fell 2.5%,Pinduoduo fell 3.4%,JD.COM fell 3% and Baidu fell 6% in premarket trading.Nike (NKE) – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.Royal Philips (PHG) – The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.ViacomCBS (VIAC) – The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.Rite Aid (RAD) – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.Walgreens (WBA) – The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.Coherent (COHR) – Coherent accepted a takeover proposal by optical components maker II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.RH (RH) – RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.KB Home (KBH) – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.AstraZeneca (AZN) – The drugmaker said an updated analysis of its Covid-19 vaccine’s U.S. trial showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.H.B. Fuller (FUL) – H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328904146,"gmtCreate":1615477384885,"gmtModify":1704783432059,"author":{"id":"3562916867510024","authorId":"3562916867510024","name":"ShawnLing","avatar":"https://static.tigerbbs.com/edd8f7bb778d2da2f9d3f7732c5523a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562916867510024","idStr":"3562916867510024"},"themes":[],"htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328904146","repostId":"2118984296","repostType":4,"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328905219,"gmtCreate":1615477360331,"gmtModify":1704783430769,"author":{"id":"3562916867510024","authorId":"3562916867510024","name":"ShawnLing","avatar":"https://static.tigerbbs.com/edd8f7bb778d2da2f9d3f7732c5523a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562916867510024","idStr":"3562916867510024"},"themes":[],"htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328905219","repostId":"1119544264","repostType":4,"repost":{"id":"1119544264","kind":"news","pubTimestamp":1615476407,"share":"https://ttm.financial/m/news/1119544264?lang=&edition=fundamental","pubTime":"2021-03-11 23:26","market":"us","language":"en","title":"Warren Buffett is now worth $100 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1119544264","media":"CNN Business","summary":"New York/Hong Kong  - Warren Buffett has just joined the world's most exclusive club of the mega rich.The legendary American investor was worth $100 billion on Thursday, according to the Bloomberg Billionaire's Index. That puts him in the company of just five other men above that threshold. And he's now the sixth richest person in the world, ranking just behindFacebookCEO Mark Zuckerberg.The 90-year-old Buffett has added nearly $13 billion to his net worth this year as shares in his industrial a","content":"<p><b>New York/Hong Kong (CNN Business)&nbsp;-&nbsp;</b>Warren Buffett has just joined the world's most exclusive club of the mega rich.</p>\n<p>The legendary American investor was worth $100 billion on Thursday, according to the&nbsp;Bloomberg Billionaire's Index. That puts him in the company of just five other men above that threshold. And he's now the sixth richest person in the world, ranking just behindFacebook(FB)CEO Mark&nbsp;Zuckerberg.</p>\n<p>The 90-year-old&nbsp;Buffett&nbsp;has added nearly $13 billion to his net worth this year as shares in his industrial and insurance conglomerate have surged.Berkshire Hathaway(BRKA)is up nearly 15% in 2021, giving the company a market capitalization of more than $600 billion.</p>\n<p>Buffett and Berkshire Hathaway are famous for investing primarily in slow growth, \"value\" stocks — many of which have done very well this year as markets continue to recover from the pandemic-fueled crash a year ago. He recently revealed that Berkshire&nbsp;bought stakes in Dow components&nbsp;Chevron and Verizon, indicating a new interest in Big Oil, telecom and media.</p>\n<p>Chevron(CVX)is up 31% as&nbsp;crude prices recover the ground they lost&nbsp;during the early months of the pandemic.Verizon(VZ)&nbsp;hasn't fared nearly as well — the stock is down nearly 3% this year — but it's still above the lows it hit in March 2020.</p>\n<p>While Buffett has cracked the $100 billion mark, he's still a long way behind the world's richest person,Amazon(AMZN)CEO Jeff Bezos, who is worth $180 billion, according to Bloomberg. Bezos has been trading the title withTesla(TSLA)CEO Elon Musk, who's now worth $173 billion&nbsp;as shares in his electric carmaker rallyfrom recent losses.</p>\n<p>Microsoft(MSFT)co-founder Bill Gates is No. 3 on the list at $138 billion, while Bernard Arnault, the chairman of luxury goods groupLVMH(LVMHF), ranks No. 4 with $122 billion. Arnault is the wealthiest non-American on the list. Zuckerberg is No. 5 with a net worth of $101 billion.Buffett has donated billions of dollars to philanthropic causes, and in 2006, pledged to give away&nbsp;almost all of his fortune to charity.</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>Warren Buffett is now worth $100 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\">\nWarren Buffett is now worth $100 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/03/11/business/warren-buffett-net-worth-intl-hnk/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York/Hong Kong (CNN Business) - Warren Buffett has just joined the world's most exclusive club of the mega rich.\nThe legendary American investor was worth $100 billion on Thursday, according to ...</p>\n\n<a href=\"https://edition.cnn.com/2021/03/11/business/warren-buffett-net-worth-intl-hnk/index.html\">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://edition.cnn.com/2021/03/11/business/warren-buffett-net-worth-intl-hnk/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119544264","content_text":"New York/Hong Kong (CNN Business) - Warren Buffett has just joined the world's most exclusive club of the mega rich.\nThe legendary American investor was worth $100 billion on Thursday, according to the Bloomberg Billionaire's Index. That puts him in the company of just five other men above that threshold. And he's now the sixth richest person in the world, ranking just behindFacebook(FB)CEO Mark Zuckerberg.\nThe 90-year-old Buffett has added nearly $13 billion to his net worth this year as shares in his industrial and insurance conglomerate have surged.Berkshire Hathaway(BRKA)is up nearly 15% in 2021, giving the company a market capitalization of more than $600 billion.\nBuffett and Berkshire Hathaway are famous for investing primarily in slow growth, \"value\" stocks — many of which have done very well this year as markets continue to recover from the pandemic-fueled crash a year ago. He recently revealed that Berkshire bought stakes in Dow components Chevron and Verizon, indicating a new interest in Big Oil, telecom and media.\nChevron(CVX)is up 31% as crude prices recover the ground they lost during the early months of the pandemic.Verizon(VZ) hasn't fared nearly as well — the stock is down nearly 3% this year — but it's still above the lows it hit in March 2020.\nWhile Buffett has cracked the $100 billion mark, he's still a long way behind the world's richest person,Amazon(AMZN)CEO Jeff Bezos, who is worth $180 billion, according to Bloomberg. Bezos has been trading the title withTesla(TSLA)CEO Elon Musk, who's now worth $173 billion as shares in his electric carmaker rallyfrom recent losses.\nMicrosoft(MSFT)co-founder Bill Gates is No. 3 on the list at $138 billion, while Bernard Arnault, the chairman of luxury goods groupLVMH(LVMHF), ranks No. 4 with $122 billion. Arnault is the wealthiest non-American on the list. Zuckerberg is No. 5 with a net worth of $101 billion.Buffett has donated billions of dollars to philanthropic causes, and in 2006, pledged to give away almost all of his fortune to charity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}