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Bmaiw102
Bmaiw102
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2022-06-14
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Bmaiw102
Bmaiw102
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2021-09-22
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Bmaiw102
Bmaiw102
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2021-09-21
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Bmaiw102
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2021-09-18
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Bmaiw102
Bmaiw102
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2021-09-14
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Hong Kong shares end lower, dragged by property, financials and tech
SHANGHAI, Sept 14 (Reuters) - Hong Kong shares closed lower on Tuesday, with real estate and financi
Hong Kong shares end lower, dragged by property, financials and tech
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Bmaiw102
Bmaiw102
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2021-09-13
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Cameco Stock and Uranium Prices Rise. Reddit Interest Is Growing.
Uranium producer Cameco, and meme stocks GameStop and AMC Entertainment all made gains early on Mond
Cameco Stock and Uranium Prices Rise. Reddit Interest Is Growing.
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Bmaiw102
Bmaiw102
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2021-09-11
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One Small Step From Apple Could Mean A Giant Leap For GlobalStar
Summary At first sight, Globalstar is just one more satellite communications play. Looking deeper,
One Small Step From Apple Could Mean A Giant Leap For GlobalStar
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Bmaiw102
Bmaiw102
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2021-09-10
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Bmaiw102
Bmaiw102
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2021-09-09
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Treasury yields climb as investors await jobless claims, ECB policy update
U.S. Treasury yields were slightly lower on Thursday as investors watched for fresh weekly data on U
Treasury yields climb as investors await jobless claims, ECB policy update
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Bmaiw102
Bmaiw102
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2021-09-08
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1.8%, the third biggest daily gainer on the Hang Seng index.</p>\n<p>PetroChina Co extended its gains from the previous session and jumped 3.9% to be the biggest daily gainer on the Hang Seng as oil prices remained strong.</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>Hong Kong shares end lower, dragged by property, financials and tech</title>\n<style 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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\">\nHong Kong shares end lower, dragged by property, financials and tech\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\">2021-09-14 16:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, Sept 14 (Reuters) - Hong Kong shares closed lower on Tuesday, with real estate and financial stocks falling after China's most indebted developer warned of a risk of a cross-default, while technology shares extended their losses from the previous session.</p>\n<p>The Hang Seng index fell 1.2%, to 25,502.23, while the China Enterprises index lost 1.7%, to 9,081.73 points.</p>\n<p><a href=\"https://laohu8.com/S/03333\">China Evergrande Group</a> plunged nearly 12% to its lowest in more than six years, after it warned of a risk of cross-default as real estate sales continued to plunge.</p>\n<p>The developer's struggles to quickly sell off assets and avert defaults on its massive liabilities are raising the risk of contagion for other privately owned developers, fund managers and analysts said.</p>\n<p>The Hang Seng Property index and the Hang Seng Finance index dropped 2.2% and 1.5%, respectively.</p>\n<p>China Evergrande New Energy Vehicle Group and Evergrande Property Services Group tumbled 24.7% and 12.0%, respectively.</p>\n<p>Technology companies extended their losses from the previous session, and ended lower 1.4%.</p>\n<p>Bucking the trend, the healthcare sub-index finished up 1.5%, with constituent WuXi Biologics rising 1.8%, the third biggest daily gainer on the Hang Seng index.</p>\n<p>PetroChina Co extended its gains from the previous session and jumped 3.9% to be the biggest daily gainer on the Hang Seng as oil prices remained strong.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数","HSCCI":"红筹指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167537203","content_text":"SHANGHAI, Sept 14 (Reuters) - Hong Kong shares closed lower on Tuesday, with real estate and financial stocks falling after China's most indebted developer warned of a risk of a cross-default, while technology shares extended their losses from the previous session.\nThe Hang Seng index fell 1.2%, to 25,502.23, while the China Enterprises index lost 1.7%, to 9,081.73 points.\nChina Evergrande Group plunged nearly 12% to its lowest in more than six years, after it warned of a risk of cross-default as real estate sales continued to plunge.\nThe developer's struggles to quickly sell off assets and avert defaults on its massive liabilities are raising the risk of contagion for other privately owned developers, fund managers and analysts said.\nThe Hang Seng Property index and the Hang Seng Finance index dropped 2.2% and 1.5%, respectively.\nChina Evergrande New Energy Vehicle Group and Evergrande Property Services Group tumbled 24.7% and 12.0%, respectively.\nTechnology companies extended their losses from the previous session, and ended lower 1.4%.\nBucking the trend, the healthcare sub-index finished up 1.5%, with constituent WuXi Biologics rising 1.8%, the third biggest daily gainer on the Hang Seng index.\nPetroChina Co extended its gains from the previous session and jumped 3.9% to be the biggest daily gainer on the Hang Seng as oil prices remained strong.","news_type":1,"symbols_score_info":{"HSTECH":0.9,"HSCEI":0.9,"HSI":0.9,"HSCCI":0.9}},"isVote":1,"tweetType":1,"viewCount":3745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886061957,"gmtCreate":1631539698679,"gmtModify":1676530569692,"author":{"id":"3576847817239184","authorId":"3576847817239184","name":"Bmaiw102","avatar":"https://static.itradeup.com/news/30a37cf03e98de0ed30b396e888c23e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847817239184","idStr":"3576847817239184"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886061957","repostId":"1195159843","repostType":4,"repost":{"id":"1195159843","kind":"news","pubTimestamp":1631538110,"share":"https://ttm.financial/m/news/1195159843?lang=en_US&edition=fundamental","pubTime":"2021-09-13 21:01","market":"us","language":"en","title":"Cameco Stock and Uranium Prices Rise. Reddit Interest Is Growing.","url":"https://stock-news.laohu8.com/highlight/detail?id=1195159843","media":"Barrons","summary":"Uranium producer Cameco, and meme stocks GameStop and AMC Entertainment all made gains early on Mond","content":"<p>Uranium producer Cameco, and meme stocks GameStop and AMC Entertainment all made gains early on Monday after generating interest on Reddit’s WallStreetBets forum.</p>\n<p>That is nothing new for longtime Reddit favorites GameStop (GME) and AMC (AMC), which climbed 1.6% and 2.7% in U.S. premarket trading.</p>\n<p></p>\n<p>Cameco (CCJ), however, the world’s largest publicly traded uranium company, is relatively new to the discussion boards. But there is news around the company and uranium, which is used to fuel nuclear energy.</p>\n<p>The stock, which has climbed 56% in just over three weeks amid a uranium price surge, was more than 4% higher in premarket trading.</p>\n<p>The Sprott Physical Uranium Trust, the world’s largest fund holding physical uranium, has been aggressively buying the metal since it launched in July, which has helped drive the price rally. The fund has accumulated close to 25 million pounds of uranium, buying 850,000 pounds in one day last week.</p>\n<p></p>\n<p>Uranium futures have climbed 40% to $42.40 in just under a month, according to FactSet data.</p>\n<p>In a 2019 report, the World Nuclear Association forecast a 26% increase in demand from 2020 to 2030.</p>\n<p>A renewed emphasis on climate change of late, following a number of extreme weather events across the world, has brought nuclear energy back into focus in recent months.</p>\n<p></p>\n<p>It has also caught the attention of retail investors and Reddit users, proving a popular topic on the WallStreetBets forum; another page titled ‘UraniumSqueeze’ currently has more than 13,000 members.</p>\n<p></p>\n<p></p>\n<p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cameco Stock and Uranium Prices Rise. Reddit Interest Is Growing.</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\">\nCameco Stock and Uranium Prices Rise. Reddit Interest Is Growing.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 21:01 GMT+8 <a href=https://www.barrons.com/articles/cameco-stock-and-uranium-prices-rise-51631537677?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uranium producer Cameco, and meme stocks GameStop and AMC Entertainment all made gains early on Monday after generating interest on Reddit’s WallStreetBets forum.\nThat is nothing new for longtime ...</p>\n\n<a href=\"https://www.barrons.com/articles/cameco-stock-and-uranium-prices-rise-51631537677?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCJ":"Cameco Corp"},"source_url":"https://www.barrons.com/articles/cameco-stock-and-uranium-prices-rise-51631537677?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195159843","content_text":"Uranium producer Cameco, and meme stocks GameStop and AMC Entertainment all made gains early on Monday after generating interest on Reddit’s WallStreetBets forum.\nThat is nothing new for longtime Reddit favorites GameStop (GME) and AMC (AMC), which climbed 1.6% and 2.7% in U.S. premarket trading.\n\nCameco (CCJ), however, the world’s largest publicly traded uranium company, is relatively new to the discussion boards. But there is news around the company and uranium, which is used to fuel nuclear energy.\nThe stock, which has climbed 56% in just over three weeks amid a uranium price surge, was more than 4% higher in premarket trading.\nThe Sprott Physical Uranium Trust, the world’s largest fund holding physical uranium, has been aggressively buying the metal since it launched in July, which has helped drive the price rally. The fund has accumulated close to 25 million pounds of uranium, buying 850,000 pounds in one day last week.\n\nUranium futures have climbed 40% to $42.40 in just under a month, according to FactSet data.\nIn a 2019 report, the World Nuclear Association forecast a 26% increase in demand from 2020 to 2030.\nA renewed emphasis on climate change of late, following a number of extreme weather events across the world, has brought nuclear energy back into focus in recent months.\n\nIt has also caught the attention of retail investors and Reddit users, proving a popular topic on the WallStreetBets forum; another page titled ‘UraniumSqueeze’ currently has more than 13,000 members.","news_type":1,"symbols_score_info":{"CCJ":0.9}},"isVote":1,"tweetType":1,"viewCount":3723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881564632,"gmtCreate":1631366209926,"gmtModify":1676530536235,"author":{"id":"3576847817239184","authorId":"3576847817239184","name":"Bmaiw102","avatar":"https://static.itradeup.com/news/30a37cf03e98de0ed30b396e888c23e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847817239184","idStr":"3576847817239184"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881564632","repostId":"1127461097","repostType":4,"repost":{"id":"1127461097","kind":"news","pubTimestamp":1631324868,"share":"https://ttm.financial/m/news/1127461097?lang=en_US&edition=fundamental","pubTime":"2021-09-11 09:47","market":"us","language":"en","title":"One Small Step From Apple Could Mean A Giant Leap For GlobalStar","url":"https://stock-news.laohu8.com/highlight/detail?id=1127461097","media":"Seeking Alpha","summary":"Summary\n\nAt first sight, Globalstar is just one more satellite communications play.\nLooking deeper, ","content":"<p><b>Summary</b></p>\n<ul>\n <li>At first sight, Globalstar is just one more satellite communications play.</li>\n <li>Looking deeper, its Band n53, which offers secure and reliable connectivity in any environment, is now included into Qualcomm's latest 5G modems for smartphones.</li>\n <li>Being selected by Apple could mean a lot for Globalstar in its strategy to boost and diversify revenues, as well as change the current loss-making status.</li>\n <li>Even without Apple, the company merits interest, but only as a long-term beneficiary of IoT amid fierce competition and ability to reduce debt.</li>\n <li>Valuations are sky-high in light of all the news hitting the market and, it is better to wait for some concrete news at Apple's event next week before investing.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed6c50a6d200b5d8c35f4d14498600c9\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"><span>metamorworks/iStock via Getty Images</span></p>\n<p>Globalstar's (GSAT) shares soared 40% on August 30 after a report by MacRumors which cited expert Apple (NASDAQ:AAPL) analyst Ming-Chi Kuo of TF International Securities, about iPhone 13 using satellite connectivity so that users can make calls and texts in areas without cellular coverage.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bd859c3544ffd37de25d5bc8dfe3166\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Soon afterwards, there were some further clarification by Bloomberg specifying that those features aren't due soon, but rather for future iPhones and should allow users to issue crash reports or text messages in areas without cellular coverage.</p>\n<p>Now, for Apple to even consider adding any satellite-based feature to its global brand would mean a lot for Globalstar, but first, for investors, I make sense of it all.</p>\n<p><b>Reasons for Apple to choose Globalstar</b></p>\n<p>For most of us, our experience with satellite-based internet has meant poor or sometimes erratic connectivity, but these were mostly with the geostationary satellites located far above the earth's surface. Instead, the opportunities offered by Globalstar's Low Earth Orbit (\"LEO\") satellites are much better, especially in areas that don't have 4G or 5G cellular coverage.</p>\n<p>To have an idea of the potential of LEO satellites, one can take a glance at Elon Musk’s SpaceX's (SPACE). These have been deployed at locations in the U.S and the U.K. with several customers already having signed up to the service. Bench-marking by Speedtest showed download speeds of 97.23 Mbps,or far superior than those for other traditional providers. This speed was lower than the 115.22 Mbps median speed for fixed broadband providers, but makes sense for \"disadvantaged locations\" where telcos find it uneconomical to lay down additional fiber or expand cellular coverage.</p>\n<p>Therefore, given the enormous potential of the blending between the iPhone and satellite connectivity, news about Apple using Globalstar's network only for emergency purposes seems more aimed at not alarming its telco partners with whom it has been working since decades.</p>\n<p>This blending is made possible by Qualcomm's (NASDAQ:QCOM) inclusion of Globalstar's band n53 in its new 5G X65 modem. This should also expand the satellite operator's potential device ecosystem significantly to include smartphones, laptops and tablets.</p>\n<p>For investors, the Snapdragon X65 will be released in the fall of 2022, most likely into next year’s iPhone. Better peak performance and other benefits should be there, but some will require carriers to upgrade their networks. On the other hand, with band n53, one can imagine the transformation of future mobility communications with a single operator plan anywhere in the world, without necessitating roaming, with no need to buy local SIM cards.</p>\n<p><b>Globalstar's differentiation</b></p>\n<p>Thus, this is not just about emergency calls or messaging and in a way, shows Globalstar's edge as a satellite network operator over telco's mobile network operations.</p>\n<p>Now, satellite communications is a huge industry, estimated at $56.01 billion in 2019 and expected to hit $99.58 billion by 2027, registering a CAGR of 9.2% from 2020 to 2027. Going deeper, there are several satellite operators and service providers, with Iridium (IRDM) and Orbcomm (ORBC). Other companies are involved in space technology like DISH Networks (DISH) and AT&T (T).</p>\n<p>Here, GlobalStar seems to be having some key strengths with respect to peers.</p>\n<p>According to the company's website, its strategically placed gateways offer local network access and national numbering plans as opposed to other LEO systems that require expensive international dialing for all calls. Also, Globalstar has a unique design which allows it to offer the most attractive local dialing and pricing plans to customers.</p>\n<p>Pursuing further, Globalstar’s 24 ground stations also serve as a bridge between LEO satellites and traditional communications infrastructure on six continents, with coverage spanning across over 120 countries throughout the world. Furthermore, the second generation ground infrastructure is based on the Internet protocol multimedia subsystem (\"IMS\") protocol, which facilitates the use of IP (Internet Protocol) for packet communications over wireless or landline.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ab07af4d39eb03b1776e870748b773f\" tg-width=\"828\" tg-height=\"468\" width=\"100%\" height=\"auto\"><span>Source: globalstar.com</span></p>\n<p>Consequently, Globalstar brings some attractive metrics for a behemoth like Apple looking to penetrate new markets. In this respect, according to a source, more than five billion mobile subscribers constantly move in and out of wireless coverage, representing a huge TAM.</p>\n<p>Bagging a contract with Apple, even a partial one, or in partnership with another peer would increase the volume of new subscribers, which should in turn more than offset the current revenue impact from lower ARPU (Average Revenue per User).</p>\n<p><b>The revenues</b></p>\n<p>Overall sales have gone down in the second quarter of 2021 compared to last year as higher revenue generated from subscriber equipment related to SPOT (the largest segment) was offset by lower service revenues. For investors, SPOT is a GPS tracking device that uses Globalstar's satellite network to provide text messaging and GPS tracking.</p>\n<p>Looking deeper, service revenue also decreased over the prior year's quarter due to fewer Duplex subscribers, with the decline expected to continue as Globalstar focuses resources on other revenue streams, like IoT-enabled devices. This is done in light of the shift in demand across the MSS (mobile satellite services) industry.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e8b74a670c927d2d84f1751cfd4a148\" tg-width=\"498\" tg-height=\"457\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p>\n<p>Interestingly, service revenues generated from commercial IoT subscribers increased 5% in the second quarter of 2021 driven by higher ARPU compared to the prior year's quarter. Additionally, IoT equipment sales were up significantly from the prior year period, which is a key indication of future service revenue growth.</p>\n<p>Thinking aloud, lower ARPU for SPOT also points to competition, with Globalstar competing aggressively on price in the industrial, governmental and consumer markets. Looking at satellite phones and communication gadgets, some of the competitors include Garmin's (GRMN) InReach, Iridium Go and the Thuraya X5-Touch, which is a dual-SIM Android smartphone.</p>\n<p>As a result, the company has to cut prices with its “competitively-priced service plans being lower than historic rates”. Therefore, SPOT revenues should continue to decline in the near term, with higher volumes of activations not being able to offset the effects of lower ARPU on sales.</p>\n<p>A comparison with rival Iridium shows contrasting revenue trends, with Globalstar being on a fluctuating trend since the end of 2019, coinciding with more competition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4be74c4a607fae52a664620ba3cf9d68\" tg-width=\"455\" tg-height=\"310\" width=\"100%\" height=\"auto\"><span>Source: Charts built through data from Seeking Alpha.</span></p>\n<p>Therefore, adopting a cautionary posture, a change in the revenue-generating model geared towards IoT may take time to execute, whereby sales figures could drop further. This may in turn lead to missing topline expectations during the third quarter results, causing the share price to dip. For this matter, as I had pointed out in my previousthesis, one of the risks in investing in Globalstar is its dependence on the fortunes of the oil and gas industry.</p>\n<p>On the positive side, the company continues to reduce leverage, with less than $50 million of net first lien principal outstanding at the end of Q2-2021.</p>\n<p>As of June 30, 2021, the company held $15.7 million and $51.0 million of cash and restricted cash respectively. Globalstar has received an additional $37.5 million in advance payment from a customer. The new payment is under \"substantially the same terms\" as a similar $37.5 million payment received on June 9. As with the other payment, Globalstar will use the new $37.5 million in proceeds to pay down indebtedness under its first-lien credit facility. In the last report, the company had $313.4 million in long-term debt.</p>\n<p><b>Valuations and key takeaways</b></p>\n<p>As much as 16% of revenues were derived from IoT in the first six months of 2021, up from 14% in the same period last year. Now, in a market growing at 10.1% from 2019 to 2025, there is a lot of scope, but it will also depend on Globalstar's ability to meaningfully identify, pursue and close large deals. This should contribute to further diversify its revenue base away from full Duplex.</p>\n<p>The company has also performed successful field testing for remote monitoring in the alternative energy industry, which it expects to materialize into future sales, but without mentioning a timeline.</p>\n<p>Furthermore, this is a loss-making company with losses from operations having increased by $0.6 million during the second quarter of 2021 compared to last year. Earnings per share which was -$0.01 for the second quarter is expected to be the same in the third one. This compares to positive figures for the communications sector, which boasts forward Price to Earnings multiples of 20x. This signifies no buying opportunity based on fundamentals.</p>\n<p>The only way Globalstar's loss status could change rapidly is commercialization of its n53 spectrum in the U.S. and other countries through presence in the iPhone ecosystem. A partnership with Apple will permit expansion of the satellite communications business, more effective utilization of network assets and enable Globalstar to leapfrog rivals. The fact that both companies work with Qualcomm is a positive for Globalstar.</p>\n<p>This said, in absence of corporate announcements, Globalstar's stock has been surging amid ongoing speculation that its satellite communication technology may be included in Apple's new iPhone models, resulting in high Price to Sales multiples of over 2000% with respect to the communications sector.</p>\n<p>Consequently, for rational investors, it is preferable to wait for an update at the\"California Streaming\" event on September 14 before making a decision. In the meantime, the stock could drop to the $2 support level.</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>One Small Step From Apple Could Mean A Giant Leap For GlobalStar</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\">\nOne Small Step From Apple Could Mean A Giant Leap For GlobalStar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-11 09:47 GMT+8 <a href=https://seekingalpha.com/article/4454436-one-small-step-from-apple-could-mean-a-giant-leap-for-globalstar><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt first sight, Globalstar is just one more satellite communications play.\nLooking deeper, its Band n53, which offers secure and reliable connectivity in any environment, is now included into...</p>\n\n<a href=\"https://seekingalpha.com/article/4454436-one-small-step-from-apple-could-mean-a-giant-leap-for-globalstar\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GSAT":"全球星"},"source_url":"https://seekingalpha.com/article/4454436-one-small-step-from-apple-could-mean-a-giant-leap-for-globalstar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127461097","content_text":"Summary\n\nAt first sight, Globalstar is just one more satellite communications play.\nLooking deeper, its Band n53, which offers secure and reliable connectivity in any environment, is now included into Qualcomm's latest 5G modems for smartphones.\nBeing selected by Apple could mean a lot for Globalstar in its strategy to boost and diversify revenues, as well as change the current loss-making status.\nEven without Apple, the company merits interest, but only as a long-term beneficiary of IoT amid fierce competition and ability to reduce debt.\nValuations are sky-high in light of all the news hitting the market and, it is better to wait for some concrete news at Apple's event next week before investing.\n\nmetamorworks/iStock via Getty Images\nGlobalstar's (GSAT) shares soared 40% on August 30 after a report by MacRumors which cited expert Apple (NASDAQ:AAPL) analyst Ming-Chi Kuo of TF International Securities, about iPhone 13 using satellite connectivity so that users can make calls and texts in areas without cellular coverage.\nData by YCharts\nSoon afterwards, there were some further clarification by Bloomberg specifying that those features aren't due soon, but rather for future iPhones and should allow users to issue crash reports or text messages in areas without cellular coverage.\nNow, for Apple to even consider adding any satellite-based feature to its global brand would mean a lot for Globalstar, but first, for investors, I make sense of it all.\nReasons for Apple to choose Globalstar\nFor most of us, our experience with satellite-based internet has meant poor or sometimes erratic connectivity, but these were mostly with the geostationary satellites located far above the earth's surface. Instead, the opportunities offered by Globalstar's Low Earth Orbit (\"LEO\") satellites are much better, especially in areas that don't have 4G or 5G cellular coverage.\nTo have an idea of the potential of LEO satellites, one can take a glance at Elon Musk’s SpaceX's (SPACE). These have been deployed at locations in the U.S and the U.K. with several customers already having signed up to the service. Bench-marking by Speedtest showed download speeds of 97.23 Mbps,or far superior than those for other traditional providers. This speed was lower than the 115.22 Mbps median speed for fixed broadband providers, but makes sense for \"disadvantaged locations\" where telcos find it uneconomical to lay down additional fiber or expand cellular coverage.\nTherefore, given the enormous potential of the blending between the iPhone and satellite connectivity, news about Apple using Globalstar's network only for emergency purposes seems more aimed at not alarming its telco partners with whom it has been working since decades.\nThis blending is made possible by Qualcomm's (NASDAQ:QCOM) inclusion of Globalstar's band n53 in its new 5G X65 modem. This should also expand the satellite operator's potential device ecosystem significantly to include smartphones, laptops and tablets.\nFor investors, the Snapdragon X65 will be released in the fall of 2022, most likely into next year’s iPhone. Better peak performance and other benefits should be there, but some will require carriers to upgrade their networks. On the other hand, with band n53, one can imagine the transformation of future mobility communications with a single operator plan anywhere in the world, without necessitating roaming, with no need to buy local SIM cards.\nGlobalstar's differentiation\nThus, this is not just about emergency calls or messaging and in a way, shows Globalstar's edge as a satellite network operator over telco's mobile network operations.\nNow, satellite communications is a huge industry, estimated at $56.01 billion in 2019 and expected to hit $99.58 billion by 2027, registering a CAGR of 9.2% from 2020 to 2027. Going deeper, there are several satellite operators and service providers, with Iridium (IRDM) and Orbcomm (ORBC). Other companies are involved in space technology like DISH Networks (DISH) and AT&T (T).\nHere, GlobalStar seems to be having some key strengths with respect to peers.\nAccording to the company's website, its strategically placed gateways offer local network access and national numbering plans as opposed to other LEO systems that require expensive international dialing for all calls. Also, Globalstar has a unique design which allows it to offer the most attractive local dialing and pricing plans to customers.\nPursuing further, Globalstar’s 24 ground stations also serve as a bridge between LEO satellites and traditional communications infrastructure on six continents, with coverage spanning across over 120 countries throughout the world. Furthermore, the second generation ground infrastructure is based on the Internet protocol multimedia subsystem (\"IMS\") protocol, which facilitates the use of IP (Internet Protocol) for packet communications over wireless or landline.\nSource: globalstar.com\nConsequently, Globalstar brings some attractive metrics for a behemoth like Apple looking to penetrate new markets. In this respect, according to a source, more than five billion mobile subscribers constantly move in and out of wireless coverage, representing a huge TAM.\nBagging a contract with Apple, even a partial one, or in partnership with another peer would increase the volume of new subscribers, which should in turn more than offset the current revenue impact from lower ARPU (Average Revenue per User).\nThe revenues\nOverall sales have gone down in the second quarter of 2021 compared to last year as higher revenue generated from subscriber equipment related to SPOT (the largest segment) was offset by lower service revenues. For investors, SPOT is a GPS tracking device that uses Globalstar's satellite network to provide text messaging and GPS tracking.\nLooking deeper, service revenue also decreased over the prior year's quarter due to fewer Duplex subscribers, with the decline expected to continue as Globalstar focuses resources on other revenue streams, like IoT-enabled devices. This is done in light of the shift in demand across the MSS (mobile satellite services) industry.\nSource: Seeking Alpha\nInterestingly, service revenues generated from commercial IoT subscribers increased 5% in the second quarter of 2021 driven by higher ARPU compared to the prior year's quarter. Additionally, IoT equipment sales were up significantly from the prior year period, which is a key indication of future service revenue growth.\nThinking aloud, lower ARPU for SPOT also points to competition, with Globalstar competing aggressively on price in the industrial, governmental and consumer markets. Looking at satellite phones and communication gadgets, some of the competitors include Garmin's (GRMN) InReach, Iridium Go and the Thuraya X5-Touch, which is a dual-SIM Android smartphone.\nAs a result, the company has to cut prices with its “competitively-priced service plans being lower than historic rates”. Therefore, SPOT revenues should continue to decline in the near term, with higher volumes of activations not being able to offset the effects of lower ARPU on sales.\nA comparison with rival Iridium shows contrasting revenue trends, with Globalstar being on a fluctuating trend since the end of 2019, coinciding with more competition.\nSource: Charts built through data from Seeking Alpha.\nTherefore, adopting a cautionary posture, a change in the revenue-generating model geared towards IoT may take time to execute, whereby sales figures could drop further. This may in turn lead to missing topline expectations during the third quarter results, causing the share price to dip. For this matter, as I had pointed out in my previousthesis, one of the risks in investing in Globalstar is its dependence on the fortunes of the oil and gas industry.\nOn the positive side, the company continues to reduce leverage, with less than $50 million of net first lien principal outstanding at the end of Q2-2021.\nAs of June 30, 2021, the company held $15.7 million and $51.0 million of cash and restricted cash respectively. Globalstar has received an additional $37.5 million in advance payment from a customer. The new payment is under \"substantially the same terms\" as a similar $37.5 million payment received on June 9. As with the other payment, Globalstar will use the new $37.5 million in proceeds to pay down indebtedness under its first-lien credit facility. In the last report, the company had $313.4 million in long-term debt.\nValuations and key takeaways\nAs much as 16% of revenues were derived from IoT in the first six months of 2021, up from 14% in the same period last year. Now, in a market growing at 10.1% from 2019 to 2025, there is a lot of scope, but it will also depend on Globalstar's ability to meaningfully identify, pursue and close large deals. This should contribute to further diversify its revenue base away from full Duplex.\nThe company has also performed successful field testing for remote monitoring in the alternative energy industry, which it expects to materialize into future sales, but without mentioning a timeline.\nFurthermore, this is a loss-making company with losses from operations having increased by $0.6 million during the second quarter of 2021 compared to last year. Earnings per share which was -$0.01 for the second quarter is expected to be the same in the third one. This compares to positive figures for the communications sector, which boasts forward Price to Earnings multiples of 20x. This signifies no buying opportunity based on fundamentals.\nThe only way Globalstar's loss status could change rapidly is commercialization of its n53 spectrum in the U.S. and other countries through presence in the iPhone ecosystem. A partnership with Apple will permit expansion of the satellite communications business, more effective utilization of network assets and enable Globalstar to leapfrog rivals. The fact that both companies work with Qualcomm is a positive for Globalstar.\nThis said, in absence of corporate announcements, Globalstar's stock has been surging amid ongoing speculation that its satellite communication technology may be included in Apple's new iPhone models, resulting in high Price to Sales multiples of over 2000% with respect to the communications sector.\nConsequently, for rational investors, it is preferable to wait for an update at the\"California Streaming\" event on September 14 before making a decision. In the meantime, the stock could drop to the $2 support level.","news_type":1,"symbols_score_info":{"GSAT":0.9}},"isVote":1,"tweetType":1,"viewCount":4380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881988277,"gmtCreate":1631285316099,"gmtModify":1676530520632,"author":{"id":"3576847817239184","authorId":"3576847817239184","name":"Bmaiw102","avatar":"https://static.itradeup.com/news/30a37cf03e98de0ed30b396e888c23e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847817239184","idStr":"3576847817239184"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881988277","repostId":"2166902375","repostType":4,"isVote":1,"tweetType":1,"viewCount":4484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883012684,"gmtCreate":1631188509048,"gmtModify":1676530491210,"author":{"id":"3576847817239184","authorId":"3576847817239184","name":"Bmaiw102","avatar":"https://static.itradeup.com/news/30a37cf03e98de0ed30b396e888c23e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847817239184","idStr":"3576847817239184"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883012684","repostId":"2166310974","repostType":4,"repost":{"id":"2166310974","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1631186160,"share":"https://ttm.financial/m/news/2166310974?lang=en_US&edition=fundamental","pubTime":"2021-09-09 19:16","market":"us","language":"en","title":"Treasury yields climb as investors await jobless claims, ECB policy update","url":"https://stock-news.laohu8.com/highlight/detail?id=2166310974","media":"Dow Jones","summary":"U.S. Treasury yields were slightly lower on Thursday as investors watched for fresh weekly data on U","content":"<p>U.S. Treasury yields were slightly lower on Thursday as investors watched for fresh weekly data on U.S. employment and ahead of a parade of Federal Reserve speakers, including Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly at around 11 a.m. ET.</p>\n<p>Fixed-income investors also await the latest policy statement from the European Central Bank at 7:45 a.m., followed by a news conference with ECB head Christine Lagarde at 8:30 a.m. An auction of 30-year bonds also is on deck at 1 p.m.</p>\n<p><b>What yields are doing</b></p>\n<p><b>What's driving the market</b></p>\n<p>Treasury yields have been mostly rangebound during this holiday-abbreviated week, with the benchmark 10-year near its level from last Friday after touching a two-month high on Tuesday at around 1.37%.</p>\n<p>New York Fed President John Williams, in a speech Wednesday hosted by St. Lawrence University, said that \"assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year.\"</p>\n<p>However, anecdotal data from the Federal Reserve's 12 business districts, the Beige Book, suggests to some economists that more improvement may be needed to meet the central bank's stated criteria of \"substantial further progress\" to start to reduce the Fed's asset purchases and consider normalizing monetary policy.</p>\n<p>Williams, however, has stated that he thinks that the economy has met that standard. As New York Fed president he is a standing voter of the rate-setting Federal Open Market Committee.</p>\n<p>Dallas Fed President Kaplan also said on Wednesday that \"he'd be advocating that we should announce a plan for adjusting these purchases in the September meeting, and begin shortly thereafter, maybe in October.\" Kaplan isn't a voting FOMC member this year.</p>\n<p>A host of other Fed members are slated to speak on Thursday, including Kaplan at noon, Fed Gov. Michelle Bowman at 1 p.m., and Williams at 2 p.m. Minneapolis Fed President Neel Kashkari, Boston Fed President Eric Rosengren and Kaplan participate in an event jointly at 4 p.m.</p>\n<p>Meanwhile, investors also are looking to Europe for cues on policy, with economists now expecting a modest reduction in the rate of bond purchases made using the ECB's Pandemic Emergency Purchase Program,or PEPP.</p>\n<p>The ECB is expected to scale back monthly PEPP purchases from EUR80 billion ($95 billion) to EUR70 billion, or possibly as low as EUR60 billion.</p>\n<p>The larger question facing the ECB is the fate of what's called the Asset Purchase Program, which will continue even as the PEPP is due to be phased out in March 2022. Economists at ING are currently forecasting EUR314 billion of ECB bond purchases next year, against a supply increase of EUR500 billion for government, supranational and agency bonds.</p>\n<p>Some strategists make the case that the tone of the statements by Lagarde will be more of a focus for market participants.</p>\n<p><b>What analysts are saying</b></p>\n<p>\"The ECB will likely refrain from indicating a precise amount for PEPP purchases and, as usual, investors will look at weekly data to get indications of the size. The reduction in PEPP purchases will most likely only start in 4Q, so about <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now,\" wrote analysts at UniCredit in a daily note.</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>Treasury yields climb as investors await jobless claims, ECB policy update</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTreasury yields climb as investors await jobless claims, ECB policy update\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-09 19:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. Treasury yields were slightly lower on Thursday as investors watched for fresh weekly data on U.S. employment and ahead of a parade of Federal Reserve speakers, including Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly at around 11 a.m. ET.</p>\n<p>Fixed-income investors also await the latest policy statement from the European Central Bank at 7:45 a.m., followed by a news conference with ECB head Christine Lagarde at 8:30 a.m. An auction of 30-year bonds also is on deck at 1 p.m.</p>\n<p><b>What yields are doing</b></p>\n<p><b>What's driving the market</b></p>\n<p>Treasury yields have been mostly rangebound during this holiday-abbreviated week, with the benchmark 10-year near its level from last Friday after touching a two-month high on Tuesday at around 1.37%.</p>\n<p>New York Fed President John Williams, in a speech Wednesday hosted by St. Lawrence University, said that \"assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year.\"</p>\n<p>However, anecdotal data from the Federal Reserve's 12 business districts, the Beige Book, suggests to some economists that more improvement may be needed to meet the central bank's stated criteria of \"substantial further progress\" to start to reduce the Fed's asset purchases and consider normalizing monetary policy.</p>\n<p>Williams, however, has stated that he thinks that the economy has met that standard. As New York Fed president he is a standing voter of the rate-setting Federal Open Market Committee.</p>\n<p>Dallas Fed President Kaplan also said on Wednesday that \"he'd be advocating that we should announce a plan for adjusting these purchases in the September meeting, and begin shortly thereafter, maybe in October.\" Kaplan isn't a voting FOMC member this year.</p>\n<p>A host of other Fed members are slated to speak on Thursday, including Kaplan at noon, Fed Gov. Michelle Bowman at 1 p.m., and Williams at 2 p.m. Minneapolis Fed President Neel Kashkari, Boston Fed President Eric Rosengren and Kaplan participate in an event jointly at 4 p.m.</p>\n<p>Meanwhile, investors also are looking to Europe for cues on policy, with economists now expecting a modest reduction in the rate of bond purchases made using the ECB's Pandemic Emergency Purchase Program,or PEPP.</p>\n<p>The ECB is expected to scale back monthly PEPP purchases from EUR80 billion ($95 billion) to EUR70 billion, or possibly as low as EUR60 billion.</p>\n<p>The larger question facing the ECB is the fate of what's called the Asset Purchase Program, which will continue even as the PEPP is due to be phased out in March 2022. Economists at ING are currently forecasting EUR314 billion of ECB bond purchases next year, against a supply increase of EUR500 billion for government, supranational and agency bonds.</p>\n<p>Some strategists make the case that the tone of the statements by Lagarde will be more of a focus for market participants.</p>\n<p><b>What analysts are saying</b></p>\n<p>\"The ECB will likely refrain from indicating a precise amount for PEPP purchases and, as usual, investors will look at weekly data to get indications of the size. The reduction in PEPP purchases will most likely only start in 4Q, so about <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now,\" wrote analysts at UniCredit in a daily note.</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":"2166310974","content_text":"U.S. Treasury yields were slightly lower on Thursday as investors watched for fresh weekly data on U.S. employment and ahead of a parade of Federal Reserve speakers, including Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly at around 11 a.m. ET.\nFixed-income investors also await the latest policy statement from the European Central Bank at 7:45 a.m., followed by a news conference with ECB head Christine Lagarde at 8:30 a.m. An auction of 30-year bonds also is on deck at 1 p.m.\nWhat yields are doing\nWhat's driving the market\nTreasury yields have been mostly rangebound during this holiday-abbreviated week, with the benchmark 10-year near its level from last Friday after touching a two-month high on Tuesday at around 1.37%.\nNew York Fed President John Williams, in a speech Wednesday hosted by St. Lawrence University, said that \"assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year.\"\nHowever, anecdotal data from the Federal Reserve's 12 business districts, the Beige Book, suggests to some economists that more improvement may be needed to meet the central bank's stated criteria of \"substantial further progress\" to start to reduce the Fed's asset purchases and consider normalizing monetary policy.\nWilliams, however, has stated that he thinks that the economy has met that standard. As New York Fed president he is a standing voter of the rate-setting Federal Open Market Committee.\nDallas Fed President Kaplan also said on Wednesday that \"he'd be advocating that we should announce a plan for adjusting these purchases in the September meeting, and begin shortly thereafter, maybe in October.\" Kaplan isn't a voting FOMC member this year.\nA host of other Fed members are slated to speak on Thursday, including Kaplan at noon, Fed Gov. Michelle Bowman at 1 p.m., and Williams at 2 p.m. Minneapolis Fed President Neel Kashkari, Boston Fed President Eric Rosengren and Kaplan participate in an event jointly at 4 p.m.\nMeanwhile, investors also are looking to Europe for cues on policy, with economists now expecting a modest reduction in the rate of bond purchases made using the ECB's Pandemic Emergency Purchase Program,or PEPP.\nThe ECB is expected to scale back monthly PEPP purchases from EUR80 billion ($95 billion) to EUR70 billion, or possibly as low as EUR60 billion.\nThe larger question facing the ECB is the fate of what's called the Asset Purchase Program, which will continue even as the PEPP is due to be phased out in March 2022. Economists at ING are currently forecasting EUR314 billion of ECB bond purchases next year, against a supply increase of EUR500 billion for government, supranational and agency bonds.\nSome strategists make the case that the tone of the statements by Lagarde will be more of a focus for market participants.\nWhat analysts are saying\n\"The ECB will likely refrain from indicating a precise amount for PEPP purchases and, as usual, investors will look at weekly data to get indications of the size. The reduction in PEPP purchases will most likely only start in 4Q, so about one month from now,\" wrote analysts at UniCredit in a daily note.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4047,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880795197,"gmtCreate":1631079459619,"gmtModify":1676530461751,"author":{"id":"3576847817239184","authorId":"3576847817239184","name":"Bmaiw102","avatar":"https://static.itradeup.com/news/30a37cf03e98de0ed30b396e888c23e4","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847817239184","idStr":"3576847817239184"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880795197","repostId":"1145502609","repostType":4,"isVote":1,"tweetType":1,"viewCount":4183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}