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2023-03-16

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Credit Suisse Is In Crisis. What Went Wrong?

2023-03-02

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2023-03-11

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Banking Regulators Shutter SVB, Collapse Unnerves Investors

2023-03-02

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2 Stocks Down 55% and 71% to Buy Right Now

2023-03-14

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How Does a Bank Collapse Quickly? a Timeline of the SVB Fall

2023-01-12

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Wall St Ends Sharply Higher on Optimism Before Key Inflation Report

2023-03-16

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US Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff

2021-08-22

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2021-08-17

$Tiger Brokers(TIGR)$Rise Tiger

2023-03-02

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Tesla Investor Day Falls Flat

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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":1679412901,"share":"https://ttm.financial/m/news/1164984334?lang=en_US&edition=fundamental","pubTime":"2023-03-21 23:35","market":"us","language":"en","title":"Tesla Shares Expanded Gains to 6.2%, Its Biggest Intraday Gain in Nearly Three Weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164984334","media":"Tiger Newspress","summary":"Tesla shares expanded gains to 6.2%, its biggest intraday gain in nearly three weeks.Tesla insurance","content":"<html><head></head><body><p>Tesla shares expanded gains to 6.2%, its biggest intraday gain in nearly three weeks.</p><p><img src=\"https://static.tigerbbs.com/78cfb82bf4f7b8911aa5812ca98043ad\" tg-width=\"829\" tg-height=\"628\" referrerpolicy=\"no-referrer\"/></p><p>Tesla insurance registrations in China grew for the fourth straight week, as Tesla stock has managed to gain ground since the SVB Financial crash began to weigh on institutions and the broader market. Meanwhile, Moody&#39;s lifted Tesla&#39;s credit rating out of junk.</p><p>Tesla had 18,712 insurance registrations for the week of March 13 to 19, up 10% from the 17,032 in the prior week. The global EV giant had 12,478 Model Y registrations last week and 6,623 Model 3 registrations. Tesla saw its Model 3 numbers increase nearly 10% last week after shooting up 83% two weeks ago. Registrations provide a de facto measure of new car sales in China.</p><h2>Moody&#39;s Upgrades Tesla To Investment Grade</h2><p>Moody&#39;s Investors Service upgraded Tesla&#39;s credit rating by one notch to Baa3, giving it investment-grade status from a prior junk rating. S&amp;P Global did the same in October. An investment grade from at least two major credit ratings agencies is considered important.</p><p>Moody&#39;s wrote that the EV giant&#39;s outlook is stable and that it expects free cash flow of more than $7 billion and limited debt through 2025.</p><p>&#34;Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability,&#34; Moody&#39;s wrote Monday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Shares Expanded Gains to 6.2%, Its Biggest Intraday Gain in Nearly Three Weeks</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\">\nTesla Shares Expanded Gains to 6.2%, Its Biggest Intraday Gain in Nearly Three Weeks\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\">2023-03-21 23:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla shares expanded gains to 6.2%, its biggest intraday gain in nearly three weeks.</p><p><img src=\"https://static.tigerbbs.com/78cfb82bf4f7b8911aa5812ca98043ad\" tg-width=\"829\" tg-height=\"628\" referrerpolicy=\"no-referrer\"/></p><p>Tesla insurance registrations in China grew for the fourth straight week, as Tesla stock has managed to gain ground since the SVB Financial crash began to weigh on institutions and the broader market. Meanwhile, Moody&#39;s lifted Tesla&#39;s credit rating out of junk.</p><p>Tesla had 18,712 insurance registrations for the week of March 13 to 19, up 10% from the 17,032 in the prior week. The global EV giant had 12,478 Model Y registrations last week and 6,623 Model 3 registrations. Tesla saw its Model 3 numbers increase nearly 10% last week after shooting up 83% two weeks ago. Registrations provide a de facto measure of new car sales in China.</p><h2>Moody&#39;s Upgrades Tesla To Investment Grade</h2><p>Moody&#39;s Investors Service upgraded Tesla&#39;s credit rating by one notch to Baa3, giving it investment-grade status from a prior junk rating. S&amp;P Global did the same in October. An investment grade from at least two major credit ratings agencies is considered important.</p><p>Moody&#39;s wrote that the EV giant&#39;s outlook is stable and that it expects free cash flow of more than $7 billion and limited debt through 2025.</p><p>&#34;Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability,&#34; Moody&#39;s wrote Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164984334","content_text":"Tesla shares expanded gains to 6.2%, its biggest intraday gain in nearly three weeks.Tesla insurance registrations in China grew for the fourth straight week, as Tesla stock has managed to gain ground since the SVB Financial crash began to weigh on institutions and the broader market. Meanwhile, Moody's lifted Tesla's credit rating out of junk.Tesla had 18,712 insurance registrations for the week of March 13 to 19, up 10% from the 17,032 in the prior week. The global EV giant had 12,478 Model Y registrations last week and 6,623 Model 3 registrations. Tesla saw its Model 3 numbers increase nearly 10% last week after shooting up 83% two weeks ago. Registrations provide a de facto measure of new car sales in China.Moody's Upgrades Tesla To Investment GradeMoody's Investors Service upgraded Tesla's credit rating by one notch to Baa3, giving it investment-grade status from a prior junk rating. S&P Global did the same in October. An investment grade from at least two major credit ratings agencies is considered important.Moody's wrote that the EV giant's outlook is stable and that it expects free cash flow of more than $7 billion and limited debt through 2025.\"Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability,\" Moody's wrote Monday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943647409,"gmtCreate":1679444322302,"gmtModify":1679444325960,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943647409","repostId":"1124810976","repostType":4,"repost":{"id":"1124810976","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1679413514,"share":"https://ttm.financial/m/news/1124810976?lang=en_US&edition=fundamental","pubTime":"2023-03-21 23:45","market":"us","language":"en","title":"Nvidia Announces Tech for Speeding up Chip Design at AI Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1124810976","media":"Reuters","summary":"March 21 (Reuters) - Nvidia Corp Chief Executive Jensen Huang on Tuesday unveiled a new product for ","content":"<html><head></head><body><p>March 21 (Reuters) - Nvidia Corp Chief Executive Jensen Huang on Tuesday unveiled a new product for speeding up the design of semiconductors as it rolled out an array of new artificial intelligence technologies based around its chips and software.</p><p>Huang made the remarks at GTC, the company&#39;s annual conference for software developers. Analysts are watching for the Santa Clara, California-based company to give more details about how it plans to widen accessibility to processing power like that used to develop fast-rising technologies such as the chatbot ChatGPT.</p><p>Last month, Huang told investors it would launch its own cloud computing service to offer more readily available access to large systems built with its chips.</p><p>Nvidia has come to dominate the field for selling chips used to developing generative AI technologies, which can answer questions with human-like text or generate fresh images based on a text prompt.</p><p>Those new technologies rely on the use of thousands of Nvidia chips at once to train the AI systems on huge troves of data. Microsoft Corp, for example, built a system with more than 10,000 Nvidia chips for startup company OpenAI to use in developing the technologies that underpin its wildly popular ChatGPT.</p><p>Huang on Tuesday announced a new technology called CuLitho to speed up the design and manufacturing of semiconductors. The software uses Nvidia&#39;s chips to speed up the step that sits between the software-based design of a chip and the physical fabrication of the lithography masks used to print that design on a piece of silicon.</p><p>The design of the masks has to be modified to account for the fact that many of the features on a chip will be smaller than the wavelength of the light used in the printing process, a step called optical proximity correction. Those calculations could take a traditional computing chip two weeks to complete, but Nvidia said Tuesday that its chips and software can handle the task overnight and reduce the electricy used from 35 megawatts to 5 megawatts.</p><p>Nvidia said it is working with ASML Holding, Synopsys Inc and Taiwan Semiconductor Manufacturing Co to bring the technology to market. Huang said TSMC will start readying the technology for production in June.</p><p>Huang also said that Nvidia is working with AT&amp;T Inc to make dispatching trucks more efficient and with quantum computing researchers to speed software development.</p><p>While Nvidia faces competition in the AI chip marketfrom Advanced Micro Devices (AMD) and several startup companies, the company has more than 80% of the market for chips used in training AI systems.</p><p>The boom in AI has helped drive Nvidia shares up 77% this year, compared with a rise of 11.5% in the Nasdaq Composite Index. With a market capitalization of $640 billion, Nvidia has grown to become about five times more valuable than longtime rival Intel Corp.</p></body></html>","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>Nvidia Announces Tech for Speeding up Chip Design at AI Conference</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\">\nNvidia Announces Tech for Speeding up Chip Design at AI Conference\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\">2023-03-21 23:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 21 (Reuters) - Nvidia Corp Chief Executive Jensen Huang on Tuesday unveiled a new product for speeding up the design of semiconductors as it rolled out an array of new artificial intelligence technologies based around its chips and software.</p><p>Huang made the remarks at GTC, the company&#39;s annual conference for software developers. Analysts are watching for the Santa Clara, California-based company to give more details about how it plans to widen accessibility to processing power like that used to develop fast-rising technologies such as the chatbot ChatGPT.</p><p>Last month, Huang told investors it would launch its own cloud computing service to offer more readily available access to large systems built with its chips.</p><p>Nvidia has come to dominate the field for selling chips used to developing generative AI technologies, which can answer questions with human-like text or generate fresh images based on a text prompt.</p><p>Those new technologies rely on the use of thousands of Nvidia chips at once to train the AI systems on huge troves of data. Microsoft Corp, for example, built a system with more than 10,000 Nvidia chips for startup company OpenAI to use in developing the technologies that underpin its wildly popular ChatGPT.</p><p>Huang on Tuesday announced a new technology called CuLitho to speed up the design and manufacturing of semiconductors. The software uses Nvidia&#39;s chips to speed up the step that sits between the software-based design of a chip and the physical fabrication of the lithography masks used to print that design on a piece of silicon.</p><p>The design of the masks has to be modified to account for the fact that many of the features on a chip will be smaller than the wavelength of the light used in the printing process, a step called optical proximity correction. Those calculations could take a traditional computing chip two weeks to complete, but Nvidia said Tuesday that its chips and software can handle the task overnight and reduce the electricy used from 35 megawatts to 5 megawatts.</p><p>Nvidia said it is working with ASML Holding, Synopsys Inc and Taiwan Semiconductor Manufacturing Co to bring the technology to market. Huang said TSMC will start readying the technology for production in June.</p><p>Huang also said that Nvidia is working with AT&amp;T Inc to make dispatching trucks more efficient and with quantum computing researchers to speed software development.</p><p>While Nvidia faces competition in the AI chip marketfrom Advanced Micro Devices (AMD) and several startup companies, the company has more than 80% of the market for chips used in training AI systems.</p><p>The boom in AI has helped drive Nvidia shares up 77% this year, compared with a rise of 11.5% in the Nasdaq Composite Index. With a market capitalization of $640 billion, Nvidia has grown to become about five times more valuable than longtime rival Intel Corp.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124810976","content_text":"March 21 (Reuters) - Nvidia Corp Chief Executive Jensen Huang on Tuesday unveiled a new product for speeding up the design of semiconductors as it rolled out an array of new artificial intelligence technologies based around its chips and software.Huang made the remarks at GTC, the company's annual conference for software developers. Analysts are watching for the Santa Clara, California-based company to give more details about how it plans to widen accessibility to processing power like that used to develop fast-rising technologies such as the chatbot ChatGPT.Last month, Huang told investors it would launch its own cloud computing service to offer more readily available access to large systems built with its chips.Nvidia has come to dominate the field for selling chips used to developing generative AI technologies, which can answer questions with human-like text or generate fresh images based on a text prompt.Those new technologies rely on the use of thousands of Nvidia chips at once to train the AI systems on huge troves of data. Microsoft Corp, for example, built a system with more than 10,000 Nvidia chips for startup company OpenAI to use in developing the technologies that underpin its wildly popular ChatGPT.Huang on Tuesday announced a new technology called CuLitho to speed up the design and manufacturing of semiconductors. The software uses Nvidia's chips to speed up the step that sits between the software-based design of a chip and the physical fabrication of the lithography masks used to print that design on a piece of silicon.The design of the masks has to be modified to account for the fact that many of the features on a chip will be smaller than the wavelength of the light used in the printing process, a step called optical proximity correction. Those calculations could take a traditional computing chip two weeks to complete, but Nvidia said Tuesday that its chips and software can handle the task overnight and reduce the electricy used from 35 megawatts to 5 megawatts.Nvidia said it is working with ASML Holding, Synopsys Inc and Taiwan Semiconductor Manufacturing Co to bring the technology to market. Huang said TSMC will start readying the technology for production in June.Huang also said that Nvidia is working with AT&T Inc to make dispatching trucks more efficient and with quantum computing researchers to speed software development.While Nvidia faces competition in the AI chip marketfrom Advanced Micro Devices (AMD) and several startup companies, the company has more than 80% of the market for chips used in training AI systems.The boom in AI has helped drive Nvidia shares up 77% this year, compared with a rise of 11.5% in the Nasdaq Composite Index. With a market capitalization of $640 billion, Nvidia has grown to become about five times more valuable than longtime rival Intel Corp.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943647824,"gmtCreate":1679444265469,"gmtModify":1679444269512,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943647824","repostId":"2321605548","repostType":2,"isVote":1,"tweetType":1,"viewCount":2987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943314863,"gmtCreate":1679123174253,"gmtModify":1679123178562,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943314863","repostId":"2320073263","repostType":4,"repost":{"id":"2320073263","kind":"highlight","pubTimestamp":1679098200,"share":"https://ttm.financial/m/news/2320073263?lang=en_US&edition=fundamental","pubTime":"2023-03-18 08:10","market":"us","language":"en","title":"Apple, Microsoft Dominance on Tech-Stock indexes Grows in Benchmark Overhaul","url":"https://stock-news.laohu8.com/highlight/detail?id=2320073263","media":"Bloomberg","summary":"The pair’s combined weight dwarfs the rest of tech’s influenceVisa, Mastercard joining financials in","content":"<div>\n<p>The pair’s combined weight dwarfs the rest of tech’s influenceVisa, Mastercard joining financials index in sector revampApple Inc. and Microsoft Corp., already dominant in technology-stock indexes, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-17/apple-and-microsoft-power-grows-as-sector-loses-visa-tech-watch?srnd=markets-vp\">Source Link</a>\n\n</div>\n","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>Apple, Microsoft Dominance on Tech-Stock indexes Grows in Benchmark Overhaul</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; 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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\">\nApple, Microsoft Dominance on Tech-Stock indexes Grows in Benchmark Overhaul\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-18 08:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-17/apple-and-microsoft-power-grows-as-sector-loses-visa-tech-watch?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pair’s combined weight dwarfs the rest of tech’s influenceVisa, Mastercard joining financials index in sector revampApple Inc. and Microsoft Corp., already dominant in technology-stock indexes, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-17/apple-and-microsoft-power-grows-as-sector-loses-visa-tech-watch?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4501":"段永平概念","BK4553":"喜马拉雅资本持仓","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","SPGI":"标普全球","IVV":"标普500ETF-iShares","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","MSFT":"微软","BK4534":"瑞士信贷持仓","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4576":"AR","SPXU":"三倍做空标普500ETF-ProShares","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4575":"芯片概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4516":"特朗普概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4515":"5G概念","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4577":"网络游戏","MA":"万事达","BK4550":"红杉资本持仓","BOLT":"Bolt Biotherapeutics, Inc.","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4507":"流媒体概念","AAPL":"苹果","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4007":"制药","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","INTC":"英特尔","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4539":"次新股","BK4573":"虚拟现实","CRCT":"Cricut, Inc.","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4554":"元宇宙及AR概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4581":"高盛持仓","BK4512":"苹果概念"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-17/apple-and-microsoft-power-grows-as-sector-loses-visa-tech-watch?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320073263","content_text":"The pair’s combined weight dwarfs the rest of tech’s influenceVisa, Mastercard joining financials index in sector revampApple Inc. and Microsoft Corp., already dominant in technology-stock indexes, are about to become even more so.An overhaul of sector benchmarks compiled by S&P Global Inc. and MSCI Inc., which takes effect after the market closes Friday, will remove 11 big US stocks from technology-focused indexes. Payment companies — including Visa Inc., Mastercard Inc., and PayPal Holdings Inc. — will be moved into indexes tracking financial companies, while payroll processors like Paychex Inc. and Automatic Data Processing Inc. will be classified as industrials.The departures will shrink tech’s weight in the S&P 500, while also making the remaining companies in the industry index more influential. Apple and Microsoft together already account for 46% of the S&P 500 Information Technology Index, and that share will go up when Visa and Mastercard are removed: The credit-card companies are the fourth- and fifth-biggest components, respectively, of the tech benchmark, accounting for 6.8%.The increased weighting of Apple and Microsoft means investors who are benchmarked against the tech index will have an incentive to own even more of those two stocks to keep up with the index, but that also would heighten the effect if the shares start underperforming the market.“You have to think about how you manage risk given the concentration, since it is very challenging for tech to outperform if Apple and Microsoft aren’t holding in,” said Leigh Todd, lead portfolio manager of growth equities at Voya Investment Management. “You want to ensure every company you own can contribute to your returns, and you don’t want to take outsize risk by having extreme concentrations in a small number of names.”The changes could have a meaningful impact on sector-focused funds. According to data from Morningstar Direct, there was about $163 billion in passively managed technology fund assets as of the end of February, along with another $81.9 billion in actively managed tech fund assets.The shift in index makeup will have a bigger impact on the stocks that are leaving the tech benchmark, Bank of America Corp. said. As passive investors rebalance their holdings to mirror the new weightings, tech funds will need to sell 1.4 times the amount of the payment stocks than what financials funds can absorb, acting as a headwind, the firm said. Tech stocks migrating to the industrials index also will see selling pressure, the firm said.Even with the rebalance, tech will remain by far the largest of the 11 industries in the S&P 500. It accounts for 29% of the S&P 500, its highest in more than a year, and up from a January low of 25.3%. It is twice as influential as health care, the second-largest, which is 14% of the benchmark.This influence can be a double-edged sword. Apple and Microsoft massively outperformed over the past five years, helping to pull up the overall market. Both are seen as safe havens, with strong balance sheets and the kind of durable revenue streams that can withstand slower economic growth or a recession; the pair outperformed amid the recent fallout from the collapse of Silicon Valley Bank.Apple is up 20% this year, while Microsoft is up 17%, compared with gains of 2.9% for the S&P 500 and 15% for the Nasdaq 100 Index. On Friday, Apple dipped 0.2% while Microsoft rose 1%. The Nasdaq 100 was up 0.3%.The removal of Visa and Mastercard — not typically thought of as tech companies — from the sector index highlights some of the quirks of the S&P 500’s construction. While a number of notable companies are frequently grouped under the banner of “big tech,” they aren’t classified in the sector. S&P regards Amazon.com Inc. as a consumer discretionary stock, while Alphabet Inc. and Meta Platforms Inc. are both in the communication services Index, following a 2018 reclassification that removed them from tech.Still, Apple and Microsoft stand alone in their influence. The two are the largest stocks in the overall market, representing 13.1% of the S&P 500. Over the past 10 years, the pair’s average combined weight was 8%. This means the rest of tech, regardless of individual corporate fundamentals, are likely to suffer if this strength reverses.“If you have an environment where two companies that are a huge part of an index are performing differently than the rest, that’s a terribly difficult environment to operate in,” said Denny Fish, who manages tech sector funds at Janus Henderson. However, he stressed that the growing influence of tech wasn’t inherently a risk.“The reason tech’s weight has grown is that all else being equal, it continues to drive a higher percentage of profits in the economy,” he said. “Given how tech has taken up bigger and bigger parts of the market for 30 years, it seems riskier to not be in it.”","news_type":1,"symbols_score_info":{"CRCT":0.9,"MSFT":1,"SPXU":0.6,"BOLT":0.9,"AAPL":0.9,"INTC":0.9,"SPGI":0.9,"MA":0.81,"IVV":0.6}},"isVote":1,"tweetType":1,"viewCount":3062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943314993,"gmtCreate":1679123029112,"gmtModify":1679123032814,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943314993","repostId":"1126461227","repostType":4,"repost":{"id":"1126461227","kind":"news","pubTimestamp":1679104200,"share":"https://ttm.financial/m/news/1126461227?lang=en_US&edition=fundamental","pubTime":"2023-03-18 09:50","market":"us","language":"en","title":"Are Banks on the Edge of Another 2008-Style Precipice?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126461227","media":"Financial Times","summary":"Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are dow","content":"<div>\n<p>Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are down 17% over the past fortnight © Brendan McDermid/ReutersNorthern Rock, Bear Stearns, Countrywide ...</p>\n\n<a href=\"https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d\">Source Link</a>\n\n</div>\n","source":"lsy1580170736413","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>Are Banks on the Edge of Another 2008-Style Precipice?</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\">\nAre Banks on the Edge of Another 2008-Style Precipice?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-18 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are down 17% over the past fortnight © Brendan McDermid/ReutersNorthern Rock, Bear Stearns, Countrywide ...</p>\n\n<a href=\"https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.ft.com/content/b579e2b1-0b9c-49ec-ba28-6834a20b690d","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126461227","content_text":"Bearish nerves seem to be winning right now — despite good reasons to hope notUS bank shares are down 17% over the past fortnight © Brendan McDermid/ReutersNorthern Rock, Bear Stearns, Countrywide Financial and Alliance & Leicester. Back in late 2007 and early 2008, when they all failed or were rescued, none of the above was systemically important. And few observers would have predicted the nightmarish crisis that was to strike within the year, felling behemoths from Wall Street’s venerable Lehman Brothers to Royal Bank of Scotland, then the biggest bank in the world.Fifteen years later, after a week in which four banks — Silicon Valley Bank, Signature and First Republic in the US, and Credit Suisse in Europe — teetered and were propped up in one way or another, it is no wonder that investors are questioning whether we are facing 2007-style problems that could soon spiral into another full-blown 2008-style disaster.There are good reasons to hope not. The primary causes of the 2008 crisis — a glut of poor-quality subprime mortgages that had been spread round the world via derivatives on to the balance sheets of poorly capitalised banks — do not apply in 2023. Credit quality remains decent. And bank capital is two to three times stronger than it was a decade and a half ago.Such reassurances have felt empty though in the face of the market panic afflicting bank shares. European banks are down by an average of 19 per cent in a fortnight; US banks by 17 per cent. On Wednesday Credit Suisse shares slumped by 30 per cent intraday, recovering only after central bank intervention.Markets were not exactly calm by the end of the week but they had stabilised somewhat. This came after CS made use of a $54bn “bazooka” liquidity intervention by the Swiss National Bank, while the risk of US bank runs was offset by deposit guarantees, new Federal Reserve liquidity facilities and a Wall Street whipround.Of course such interventions were not supposed to be necessary after the drama of 2008. The vast package of post-crisis regulatory reforms was designed to ensure there could be no repeat of the domino collapses of banks on both sides of the Atlantic. New minimum levels of equity capital were devised, regulatory stress tests were introduced and liquidity ratios were toughened, dictating that more ready funds should be available to meet customer withdrawal requests.This week’s problems in the US were explicitly caused by a failure there to apply these rules to anything other than the eight biggest banks. SVB was brought to its knees by a combination of poor interest rate risk management and lax regulatory oversight, leaving it vulnerable to a run on deposit withdrawals.A similar phenomenon afflicted Signature, a crypto-focused bank, hours later. First Republic, another regional bank, became a particular target after panicked investors realised it would not benefit from the special Federal Reserve funding vehicle launched in the wake of SVB’s failure, because it lacked the requisite collateral to tap the scheme.As investors looked for victims in Europe, attention settled on Credit Suisse, long seen as the region’s weakest big bank. It shares little or no common ground with SVB — its regulatory oversight is robust, its interest rate risk is hedged. But it has been accident-prone and slow to restructure. A decade or more of bad management and scandals has left the group’s reputation severely tarnished — a particularly bad thing when much of your business model rests on persuading billionaires to entrust their wealth to you. At the same time longstanding shareholders have deserted the bank to be replaced with unhelpful new ones.There is even less fundamental reason to distrust the viability of European banks more broadly. Credit losses are low, capital levels are strong and they have come through stress tests.But this bullish assessment is still being trumped by bearish nerves — and some logic. Central bank efforts to tame inflation will produce recessionary pressures, pushing banks’ loan losses higher and potentially eating into capital buffers. At the same time unexpected damage may be inflicted on less regulated, but similarly important, parts of the financial system that have got used to ultra-low interest rates, possibly including pensions, private equity and hedge funds. The gilts crisis in the UK pensions market last autumn was a warning sign of such risks.Even if the chances of another full-blown financial meltdown are low, our ability to deal with it may be less. Back in 2008, policymakers were able to slash interest rates, launch quantitative easing and flood the banks with rescue capital and liquidity. With government balance sheets today far more stretched, and interest rates needing to rise to combat inflation, the weaponry at their disposal is dangerously diminished.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SIVB":0.9,"CS":0.9,"FRC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943314074,"gmtCreate":1679122970898,"gmtModify":1679122972635,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943314074","repostId":"2320356045","repostType":4,"isVote":1,"tweetType":1,"viewCount":3637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943901685,"gmtCreate":1679013077048,"gmtModify":1679013081430,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943901685","repostId":"2319104893","repostType":4,"repost":{"id":"2319104893","kind":"highlight","pubTimestamp":1678950699,"share":"https://ttm.financial/m/news/2319104893?lang=en_US&edition=fundamental","pubTime":"2023-03-16 15:11","market":"us","language":"en","title":"XPeng Earnings Preview: Q4 To Be Soft With Promotions Hitting Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=2319104893","media":"CnEVPost","summary":"\"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics,\" Edison Yu's team said.\n...","content":"<div>\n<p>\"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics,\" Edison Yu's team said.XPeng US | XPeng HKXPeng (NYSE: XPEV) will report fourth-quarter ...</p>\n\n<a href=\"https://cnevpost.com/2023/03/15/xpeng-q4-2022-earnings-preview/\">Source Link</a>\n\n</div>\n","source":"cnevpost_highlight","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>XPeng Earnings Preview: Q4 To Be Soft With Promotions Hitting Margins</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; 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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\">\nXPeng Earnings Preview: Q4 To Be Soft With Promotions Hitting Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/03/15/xpeng-q4-2022-earnings-preview/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics,\" Edison Yu's team said.XPeng US | XPeng HKXPeng (NYSE: XPEV) will report fourth-quarter ...</p>\n\n<a href=\"https://cnevpost.com/2023/03/15/xpeng-q4-2022-earnings-preview/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://cnevpost.com/2023/03/15/xpeng-q4-2022-earnings-preview/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319104893","content_text":"\"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics,\" Edison Yu's team said.XPeng US | XPeng HKXPeng (NYSE: XPEV) will report fourth-quarter earnings on Friday, and as usual, Deutsche Bank analyst Edison Yu's team provided their preview.\"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics,\" the team said in a research report sent to investors yesterday.Soft fourth-quarterXPeng will report its unaudited financial results for the fourth quarter and fiscal 2022 on Friday, March 17, before the US markets open. | Follow CnEVPost on Google NewsIt delivered 22,204 vehicles in the fourth quarter, above the upper end of the guidance range of 20,000 to 21,000, but down 46.82 percent year-on-year and down 24.91 percent from the third quarter.XPeng's previous revenue guidance for the fourth quarter was RMB 4.8 billion to RMB 5.1 billion, representing a year-on-year decrease of about 40.4 percent to 43.9 percent.\"We expect a soft quarter with deliveries already reported at 22,204, above management's guidance range (20,000-21,000), but with promotional activity hitting margins,\" Yu's team wrote.The team expects XPeng to post revenue of RMB 5.4 billion yuan and a gross margin of 11.5 percent in the fourth quarter.They expect XPeng's vehicle margin to be 8.5 percent in the fourth quarter, down 3.1 percentage points from the third quarter, and adjusted earnings per share of RMB -2.33.The current analyst consensus in the Bloomberg survey is for revenue of RMB 5.7 billion, gross margin of 12.1 percent and adjusted EPS of RMB -2.25.For the first quarter, Yu's team expects deliveries to be around 19,000-20,000 units and for gross margin to drop to single digits as price cuts take hold.XPeng deliveries in January and February were 5,218 and 6,010 units respectively, for a cumulative total of 11,228 units. Insurance registration figures for the past two weeks suggest that the company did not see a significant improvement in deliveries in March.Uncertainty in 2023The key to XPeng's relevance going forward is to win back market share, and that could take several quarters to achieve, which has created significant uncertainty this year, Yu's team said.Demand for the company's flagship SUV, the G9, has clearly been disappointing, despite mostly positive reviews, the team said, adding that they expect XPeng to potentially make pricing or SKU adjustments to the SUV in the coming months.XPeng's new P7i sedan should help with order volume, but there won't be materially beneficial until the second quarter, the team said.Most importantly, XPeng's upcoming Tesla Model Y competitor, the G6, needs to reach at least 5,000 units per month by the end of the year to be considered a success, the team said.The team now expects XPeng to be on track to deliver 145,000 vehicles in 2023, a 10,000-unit downward revision from earlier, taking into account the decline in G9 sales.How can capacity utilization be improved?If XPeng's sales continue to be weak, its management may need to get creative to improve its capacity utilization, Yu's team said, adding that the easiest way to do that would be to sign some large fleet deals.That may be hard in China, considering BYD and GAC have stronger positions in the taxi and ride-sharing segment, but XPeng recently signed deals with some local car rental companies to buy its P7 sedan, the team noted.XPeng entered into a strategic partnership with local car rental company eHi Car Services on July 19, 2022, and delivered the first few hundred cars to the latter.On January 9 this year, XPeng signed agreements with car rental company China Auto Rental and Geely's travel service platform Xiaolinggou Travel Technology, and completed the delivery of the first XPeng P7 vehicles in Ningbo, Zhejiang province.In addition, XPeng has restarted its expansion efforts in Europe, where large fleet deals could make sense due to the region's high percentage of corporate fleets and low availability of cheap BEV options, Yu's team said.\"We note BYD has an agreement with SIXT for 100,000 EVs and XPeng's vehicles fall into a similar price point. BYD also just announced a 5,000 unit agreement with UK's Octopus EV,\" the team wrote.Another option is to partner more deeply with traditional OEMs on EVs and robotaxis, which could come in the form of equity investments or strategic alliances, according to the team.","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":1}},"isVote":1,"tweetType":1,"viewCount":3369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943901862,"gmtCreate":1679013051457,"gmtModify":1679013055305,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943901862","repostId":"1167361248","repostType":4,"isVote":1,"tweetType":1,"viewCount":4112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943901334,"gmtCreate":1679012990629,"gmtModify":1679012994343,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943901334","repostId":"1142078186","repostType":4,"repost":{"id":"1142078186","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":1678976105,"share":"https://ttm.financial/m/news/1142078186?lang=en_US&edition=fundamental","pubTime":"2023-03-16 22:15","market":"us","language":"en","title":"Semiconductor Stocks Jumped in Morning Trading, with AMD and Intel Rising over 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1142078186","media":"Tiger Newspress","summary":"Semiconductor stocks jumped in morning trading, with AMD and Intel rising over 4%.","content":"<html><head></head><body><p>Semiconductor stocks jumped in morning trading, with AMD and Intel rising over 4%.<img src=\"https://static.tigerbbs.com/cecdf7f8d158bde439513c776691ecd8\" tg-width=\"283\" tg-height=\"394\" width=\"100%\" height=\"auto\"/></p></body></html>","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>Semiconductor Stocks Jumped in Morning Trading, with AMD and Intel Rising over 4%</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; 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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\">\nSemiconductor Stocks Jumped in Morning Trading, with AMD and Intel Rising over 4%\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\">2023-03-16 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Semiconductor stocks jumped in morning trading, with AMD and Intel rising over 4%.<img src=\"https://static.tigerbbs.com/cecdf7f8d158bde439513c776691ecd8\" tg-width=\"283\" tg-height=\"394\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","AMD":"美国超微公司","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142078186","content_text":"Semiconductor stocks jumped in morning trading, with AMD and Intel rising over 4%.","news_type":1,"symbols_score_info":{"AMD":0.9,"NVDA":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943901952,"gmtCreate":1679012969276,"gmtModify":1679012972683,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943901952","repostId":"2320139799","repostType":4,"isVote":1,"tweetType":1,"viewCount":3614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943901070,"gmtCreate":1679012916391,"gmtModify":1679012919994,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943901070","repostId":"2320361770","repostType":4,"repost":{"id":"2320361770","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1679011262,"share":"https://ttm.financial/m/news/2320361770?lang=en_US&edition=fundamental","pubTime":"2023-03-17 08:01","market":"us","language":"en","title":"Microsoft Unveils AI Office Copilot In Fast-Moving Race With Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2320361770","media":"Reuters","summary":"(Reuters) - $Microsoft Corp (MSFT)$ on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival $Google (","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival <a href=\"https://laohu8.com/S/GOOGL\">Google </a> with upgrades to its own widely used office software.</p><p>The technology company previewed a new AI &#34;Copilot&#34; for Microsoft 365, its product suite that includes Word documents, Excel spreadsheets, PowerPoint presentations and Outlook emails. First open to some 20 enterprises for testing, AI will offer a draft in these applications, speeding up content creation and freeing up workers&#39; time, Microsoft said.</p><p>The Redmond, Washington-based company, outpacing peers through investments in ChatGPT&#39;s creator OpenAI, also showcased a new &#34;business chat&#34; experience that can pull data and perform tasks across applications on a user&#39;s written command.</p><p>&#34;We believe this next generation of AI will unlock a new wave of productivity growth,&#34; Satya Nadella, Microsoft&#39;s chief executive, said in an online presentation.</p><p>Microsoft&#39;s share price rose about 4% on the news.</p><p>This week&#39;s drumbeat of developments including new funding for AI startup Adept reflects how companies large and small are locked in a fierce competition to deploy software that could reshape how people work.</p><p>At the center are Microsoft and Google-owner Alphabet Inc, which on Tuesday touted AI features for Gmail and a &#34;magic wand&#34; to draft prose in its own word processor. The capabilities that Microsoft and Google showcased are similar.</p><p>The frenzy to invest in and build new products began with last year&#39;s launch of ChatGPT, the chatbot sensation that showed the public the potential of so-called large language models.</p><p>Such technology learns from past data how to create content anew. It has evolved rapidly. Just this week, OpenAI began the release of a more-powerful version known as GPT-4. This partly underpins Microsoft&#39;s Copilot features, along with an older GPT-3.5 model, business and application data, Microsoft said.</p><p>The new capabilities - offered through Microsoft&#39;s cloud - are poised to attract business and turn around slowing revenue growth, RBC analyst Rishi Jaluria said.</p><p>The Copilot will &#34;drive more usage of Microsoft Office and increase the separation versus competitors,&#34; Jaluria said.</p><h3>TAKING NOTES FOR YOU</h3><p>One of the company&#39;s biggest updates on Thursday was in Excel.</p><p>Microsoft said AI can open up the computational wizardry of its spreadsheet software, long the domain of trained analysts, to any person able to describe a calculation they would like in plain text.</p><p>Similar to live notes that Google showed reporters this week, Microsoft said its Copilot can summarize virtual meetings as they happen in its Teams collaboration software.</p><p>In an interview, Jon Friedman, a corporate vice president at Microsoft, demonstrated this capability. The Copilot generated bullet points summarizing questions that Reuters asked, including whether Microsoft can roll out the technology profitably.</p><p>Large language models require lots of computing power and costs to run.</p><p>Friedman said Microsoft will make the deployment work economically.</p><p>The Copilot summarized his answer thus, during the interview: &#34;Microsoft is working on lowering the cost and increasing the speed and fidelity of the models, but did not disclose the pricing or tiring of the copilot system.&#34; (It meant to say &#34;tiering.&#34;)</p><p>Fine-tuning the technology and ensuring that its answers are factual is why Microsoft is testing Copilot with some customers before a wider rollout, Friedman said. An &#34;amazing thing about large language models is they&#39;re very confident, and they get things wrong,&#34; Friedman added.</p><p>Friedman pointed to Microsoft&#39;s business chat experience as the biggest development on Thursday because it can handle tasks across applications. For instance, a user can ask, &#34;Tell my team how we updated the product strategy,&#34; and the AI will take cues from a morning&#39;s worth of emails, meetings and chat threads, Microsoft said.</p><p>Longer-term, Friedman said, the vision is a more personalized AI.</p><p>&#34;We often make people adapt to the machines and systems we have built,&#34; Friedman said. &#34;This is a thing that will start to adapt to you.&#34;</p></body></html>","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>Microsoft Unveils AI Office Copilot In Fast-Moving Race With Google</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\">\nMicrosoft Unveils AI Office Copilot In Fast-Moving Race With Google\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\">2023-03-17 08:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival <a href=\"https://laohu8.com/S/GOOGL\">Google </a> with upgrades to its own widely used office software.</p><p>The technology company previewed a new AI &#34;Copilot&#34; for Microsoft 365, its product suite that includes Word documents, Excel spreadsheets, PowerPoint presentations and Outlook emails. First open to some 20 enterprises for testing, AI will offer a draft in these applications, speeding up content creation and freeing up workers&#39; time, Microsoft said.</p><p>The Redmond, Washington-based company, outpacing peers through investments in ChatGPT&#39;s creator OpenAI, also showcased a new &#34;business chat&#34; experience that can pull data and perform tasks across applications on a user&#39;s written command.</p><p>&#34;We believe this next generation of AI will unlock a new wave of productivity growth,&#34; Satya Nadella, Microsoft&#39;s chief executive, said in an online presentation.</p><p>Microsoft&#39;s share price rose about 4% on the news.</p><p>This week&#39;s drumbeat of developments including new funding for AI startup Adept reflects how companies large and small are locked in a fierce competition to deploy software that could reshape how people work.</p><p>At the center are Microsoft and Google-owner Alphabet Inc, which on Tuesday touted AI features for Gmail and a &#34;magic wand&#34; to draft prose in its own word processor. The capabilities that Microsoft and Google showcased are similar.</p><p>The frenzy to invest in and build new products began with last year&#39;s launch of ChatGPT, the chatbot sensation that showed the public the potential of so-called large language models.</p><p>Such technology learns from past data how to create content anew. It has evolved rapidly. Just this week, OpenAI began the release of a more-powerful version known as GPT-4. This partly underpins Microsoft&#39;s Copilot features, along with an older GPT-3.5 model, business and application data, Microsoft said.</p><p>The new capabilities - offered through Microsoft&#39;s cloud - are poised to attract business and turn around slowing revenue growth, RBC analyst Rishi Jaluria said.</p><p>The Copilot will &#34;drive more usage of Microsoft Office and increase the separation versus competitors,&#34; Jaluria said.</p><h3>TAKING NOTES FOR YOU</h3><p>One of the company&#39;s biggest updates on Thursday was in Excel.</p><p>Microsoft said AI can open up the computational wizardry of its spreadsheet software, long the domain of trained analysts, to any person able to describe a calculation they would like in plain text.</p><p>Similar to live notes that Google showed reporters this week, Microsoft said its Copilot can summarize virtual meetings as they happen in its Teams collaboration software.</p><p>In an interview, Jon Friedman, a corporate vice president at Microsoft, demonstrated this capability. The Copilot generated bullet points summarizing questions that Reuters asked, including whether Microsoft can roll out the technology profitably.</p><p>Large language models require lots of computing power and costs to run.</p><p>Friedman said Microsoft will make the deployment work economically.</p><p>The Copilot summarized his answer thus, during the interview: &#34;Microsoft is working on lowering the cost and increasing the speed and fidelity of the models, but did not disclose the pricing or tiring of the copilot system.&#34; (It meant to say &#34;tiering.&#34;)</p><p>Fine-tuning the technology and ensuring that its answers are factual is why Microsoft is testing Copilot with some customers before a wider rollout, Friedman said. An &#34;amazing thing about large language models is they&#39;re very confident, and they get things wrong,&#34; Friedman added.</p><p>Friedman pointed to Microsoft&#39;s business chat experience as the biggest development on Thursday because it can handle tasks across applications. For instance, a user can ask, &#34;Tell my team how we updated the product strategy,&#34; and the AI will take cues from a morning&#39;s worth of emails, meetings and chat threads, Microsoft said.</p><p>Longer-term, Friedman said, the vision is a more personalized AI.</p><p>&#34;We often make people adapt to the machines and systems we have built,&#34; Friedman said. &#34;This is a thing that will start to adapt to you.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320361770","content_text":"(Reuters) - Microsoft Corp  on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival Google  with upgrades to its own widely used office software.The technology company previewed a new AI \"Copilot\" for Microsoft 365, its product suite that includes Word documents, Excel spreadsheets, PowerPoint presentations and Outlook emails. First open to some 20 enterprises for testing, AI will offer a draft in these applications, speeding up content creation and freeing up workers' time, Microsoft said.The Redmond, Washington-based company, outpacing peers through investments in ChatGPT's creator OpenAI, also showcased a new \"business chat\" experience that can pull data and perform tasks across applications on a user's written command.\"We believe this next generation of AI will unlock a new wave of productivity growth,\" Satya Nadella, Microsoft's chief executive, said in an online presentation.Microsoft's share price rose about 4% on the news.This week's drumbeat of developments including new funding for AI startup Adept reflects how companies large and small are locked in a fierce competition to deploy software that could reshape how people work.At the center are Microsoft and Google-owner Alphabet Inc, which on Tuesday touted AI features for Gmail and a \"magic wand\" to draft prose in its own word processor. The capabilities that Microsoft and Google showcased are similar.The frenzy to invest in and build new products began with last year's launch of ChatGPT, the chatbot sensation that showed the public the potential of so-called large language models.Such technology learns from past data how to create content anew. It has evolved rapidly. Just this week, OpenAI began the release of a more-powerful version known as GPT-4. This partly underpins Microsoft's Copilot features, along with an older GPT-3.5 model, business and application data, Microsoft said.The new capabilities - offered through Microsoft's cloud - are poised to attract business and turn around slowing revenue growth, RBC analyst Rishi Jaluria said.The Copilot will \"drive more usage of Microsoft Office and increase the separation versus competitors,\" Jaluria said.TAKING NOTES FOR YOUOne of the company's biggest updates on Thursday was in Excel.Microsoft said AI can open up the computational wizardry of its spreadsheet software, long the domain of trained analysts, to any person able to describe a calculation they would like in plain text.Similar to live notes that Google showed reporters this week, Microsoft said its Copilot can summarize virtual meetings as they happen in its Teams collaboration software.In an interview, Jon Friedman, a corporate vice president at Microsoft, demonstrated this capability. The Copilot generated bullet points summarizing questions that Reuters asked, including whether Microsoft can roll out the technology profitably.Large language models require lots of computing power and costs to run.Friedman said Microsoft will make the deployment work economically.The Copilot summarized his answer thus, during the interview: \"Microsoft is working on lowering the cost and increasing the speed and fidelity of the models, but did not disclose the pricing or tiring of the copilot system.\" (It meant to say \"tiering.\")Fine-tuning the technology and ensuring that its answers are factual is why Microsoft is testing Copilot with some customers before a wider rollout, Friedman said. An \"amazing thing about large language models is they're very confident, and they get things wrong,\" Friedman added.Friedman pointed to Microsoft's business chat experience as the biggest development on Thursday because it can handle tasks across applications. For instance, a user can ask, \"Tell my team how we updated the product strategy,\" and the AI will take cues from a morning's worth of emails, meetings and chat threads, Microsoft said.Longer-term, Friedman said, the vision is a more personalized AI.\"We often make people adapt to the machines and systems we have built,\" Friedman said. \"This is a thing that will start to adapt to you.\"","news_type":1,"symbols_score_info":{"MSFT":0.9,"GOOGL":0.9}},"isVote":1,"tweetType":1,"viewCount":1130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949755854,"gmtCreate":1678924163379,"gmtModify":1678924167084,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949755854","repostId":"2319001878","repostType":4,"repost":{"id":"2319001878","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678920976,"share":"https://ttm.financial/m/news/2319001878?lang=en_US&edition=fundamental","pubTime":"2023-03-16 06:56","market":"us","language":"en","title":"US Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=2319001878","media":"Reuters","summary":"(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, a","content":"<html><head></head><body><p>(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&amp;P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.</p><p>Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country&#39;s banking giant. The Nasdaq composite closed with slight gains.</p><p>&#34;We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,&#34; said Themis Trading co-manager of trading, Joe Saluzzi.</p><p>Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>.</p><p><img src=\"https://static.tigerbbs.com/e95ca25346ef690c8b2725f26d6e0058\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.</p><p>&#34;They&#39;ve tightened at the steepest, most dramatic rate that we&#39;ve seen since 1980 and so I think this could be the opportunity for them to pause,&#34; said Cresset Capital CIO, Jack Ablin.</p><p>U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.</p><p>The selloff put an early end to Wall Street&#39;s lukewarm rebound in yesterday&#39;s session.</p><p>“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,&#34; said Adams Funds CEO and senior portfolio manager Mark Stoeckle.</p><p>Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.</p><p>A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.</p><p>U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed&#39;s March meeting.</p><p>The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&amp;P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.</p><p>$First Republic Bank(FRC-N)$ tumbled 21.37% while <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.</p><p>Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.</p><p>&#34;In the financial markets, you just have to look at the ones that could weather through and don&#39;t have as much investment risk on their on their portfolio,&#34; said Jeffrey Carbone, managing partner at Cornerstone Wealth.</p><p>Big U.S. banks including JPMorgan Chase &amp; Co, Citigroup and Bank of America Corp dropped, pushing the S&amp;P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.</p><p>Most of the 11 major S&amp;P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.</p></body></html>","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>US Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff</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\">\nUS Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff\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\">2023-03-16 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&amp;P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.</p><p>Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country&#39;s banking giant. The Nasdaq composite closed with slight gains.</p><p>&#34;We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,&#34; said Themis Trading co-manager of trading, Joe Saluzzi.</p><p>Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>.</p><p><img src=\"https://static.tigerbbs.com/e95ca25346ef690c8b2725f26d6e0058\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.</p><p>&#34;They&#39;ve tightened at the steepest, most dramatic rate that we&#39;ve seen since 1980 and so I think this could be the opportunity for them to pause,&#34; said Cresset Capital CIO, Jack Ablin.</p><p>U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.</p><p>The selloff put an early end to Wall Street&#39;s lukewarm rebound in yesterday&#39;s session.</p><p>“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,&#34; said Adams Funds CEO and senior portfolio manager Mark Stoeckle.</p><p>Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.</p><p>A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.</p><p>U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed&#39;s March meeting.</p><p>The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&amp;P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.</p><p>$First Republic Bank(FRC-N)$ tumbled 21.37% while <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.</p><p>Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.</p><p>&#34;In the financial markets, you just have to look at the ones that could weather through and don&#39;t have as much investment risk on their on their portfolio,&#34; said Jeffrey Carbone, managing partner at Cornerstone Wealth.</p><p>Big U.S. banks including JPMorgan Chase &amp; Co, Citigroup and Bank of America Corp dropped, pushing the S&amp;P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.</p><p>Most of the 11 major S&amp;P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319001878","content_text":"(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country's banking giant. The Nasdaq composite closed with slight gains.\"We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,\" said Themis Trading co-manager of trading, Joe Saluzzi.Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and Signature Bank.Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.\"They've tightened at the steepest, most dramatic rate that we've seen since 1980 and so I think this could be the opportunity for them to pause,\" said Cresset Capital CIO, Jack Ablin.U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.The selloff put an early end to Wall Street's lukewarm rebound in yesterday's session.“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,\" said Adams Funds CEO and senior portfolio manager Mark Stoeckle.Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed's March meeting.The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.$First Republic Bank(FRC-N)$ tumbled 21.37% while PacWest Bancorp PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.\"In the financial markets, you just have to look at the ones that could weather through and don't have as much investment risk on their on their portfolio,\" said Jeffrey Carbone, managing partner at Cornerstone Wealth.Big U.S. banks including JPMorgan Chase & Co, Citigroup and Bank of America Corp dropped, pushing the S&P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.Most of the 11 major S&P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.The S&P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.","news_type":1,"symbols_score_info":{".SPX":0.6,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949755120,"gmtCreate":1678924098261,"gmtModify":1678924102105,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":26,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949755120","repostId":"1178433847","repostType":4,"repost":{"id":"1178433847","kind":"news","pubTimestamp":1678922002,"share":"https://ttm.financial/m/news/1178433847?lang=en_US&edition=fundamental","pubTime":"2023-03-16 07:13","market":"us","language":"en","title":"Credit Suisse Is In Crisis. What Went Wrong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1178433847","media":"Bloomberg","summary":"Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discreti","content":"<div>\n<p>Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling\">Source Link</a>\n\n</div>\n","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>Credit Suisse Is In Crisis. What Went Wrong?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse Is In Crisis. What Went Wrong?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 07:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178433847","content_text":"Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at Credit Suisse Group AG more striking and hard to comprehend. In mid-March, unease about the bank’s mounting problems snowballed and its shares slumped, forcing management to appeal to Swiss banking authorities for a public vote of confidence.1. What went wrong?Credit Suisse’s failings have included a criminal conviction for allowing drug dealers to launder money in Bulgaria, entanglement in a Mozambique corruption case, a spying scandal involving a former employee and an executive and a massive leak of client data to the media. Its association with disgraced financier Lex Greensill and failed New York-based investment firm Archegos Capital Management compounded the sense of an institution that didn’t have a firm grip on its affairs. Many fed up clients have voted with their feet, leading to unprecedented client outflows in late 2022.2. What triggered the latest share slump?Chief Executive Officer Ulrich Koerner launched a massive outreach to woo back nervous clients and their cash. The effort appeared to be paying off by January, with it reported “net positive” deposits. However, on March 9, the US Securities and Exchange Commission queried the bank’s annual report, forcing it to delay its publication. Panic spread after regional US lender Silicon Valley Bank failed, the victim in part of risky investments and rising global interest rates that eroded the value of its bond holdings. Investors began ditching anything that smelled of banking risk and deposit flight.3. How bad did the situation get?On March 15, Credit Suisse stock slumped anew when the chairman of its largest shareholder, Saudi National Bank, ruled out investing any more in the company. This prompted Credit Suisse to ask the Swiss central bank for a public statement of support. The cost of insuring the bank’s bonds against default for one year surged to levels not seen for major international banks since the financial crisis of 2008. As other banks sought to hedge their counterparty risk for transactions with Credit Suisse, quoted prices for a one-year credit default swap jumped from 836 basis points, indicating a probability of defaulting of 10%, on March 14 to higher than 3,000 basis points. Few actual trades were executed, however, as liquidity in the market dried up. In another sign of stress, Credit Suisse’s additional tier 1 bonds — which are subordinate to all other ranks of debt and may be written down if capital falls below a predetermined level — were trading below 80% of face value, a level typically signaling distress. Even bonds coming due in April traded at prices well below face value.4. Is this another Lehman Brothers moment?The Wall Street giant, whose failure in 2008 triggered the global financial crisis, succumbed when funding dried up and other banks stopped dealing with it. Unlike Lehman and SVB, Credit Suisse has substantial liquid assets to call upon and access to central bank lending facilities and is less sensitive than many rivals to sharp moves in interest rates. It has rebuilt its cushion against more deposit withdrawals since the worst wave of outflows in October. It also has enough money-like liquid assets to pay back half of all its liabilities in deposits and loans from other banks, according to Bloomberg Opinion banking columnist Paul J. Davies. Koerner said the firm’s liquidity coverage ratio showed it can handle over a month of heavy outflows in a period of stress.5. What else is Koerner doing to turn things around?His three-year recovery plan involves 9,000 job cuts, dismantling the investment banking behemoth assembled over five decades and returning Credit Suisse to its origins as banker to the world’s ultra-wealthy. That means spinning off First Boston, an American investment bank it acquired in 1990 with a view to listing it in 2025, and selling parts of its securitized products unit to Apollo Global Management Inc. That process is now at risk of becoming bogged down in a broader financial-sector selloff following the collapse of SVB and two other US banks.","news_type":1,"symbols_score_info":{"CS":0.9}},"isVote":1,"tweetType":1,"viewCount":1168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949755026,"gmtCreate":1678923940466,"gmtModify":1678923944197,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949755026","repostId":"2319820389","repostType":4,"repost":{"id":"2319820389","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":1678922336,"share":"https://ttm.financial/m/news/2319820389?lang=en_US&edition=fundamental","pubTime":"2023-03-16 07:18","market":"fut","language":"en","title":"U.S. Oil Closes Below $70 A Barrel For First Time Since 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2319820389","media":"Dow Jones","summary":"Trouble in the banking sector amplified fears that aggressive monetary tightening by the Federal Res","content":"<html><head></head><body><p>Trouble in the banking sector amplified fears that aggressive monetary tightening by the Federal Reserve and other central banks has set the stage for a sharp economic downturn.</p><p>Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a record low, pressuring the European banking sector and financial markets days after two lenders collapsed in the U.S.</p><p>Oil failed to bounce alongside a modest rebound for equities on Monday, and extended losses as U.S. stocks fell sharply on renewed bank fears Tuesday, with the Dow Jones Industrial Average  down 438 points, or 1.4%, and the S&amp;P 500  down 1.2%.</p><p>&#34;Oil is getting destroyed, with big macro looking straight into the U.S. recession vortex and energy traders drawing straight-line parallels to prior bank sector-driven recessions, especially the 2008 financial crisis, which has similar overtones to the current financial tumult and when oil tanked,&#34; said Stephen Innes, managing director of SPI Asset Management, in a note.</p><p>Innes said the lack of a &#34;slingshot recovery&#34; in China economic data following the country&#39;s lifting of strict COVID levels and mounting worries over Credit Suisse &#34;has opened the trap door for the oil market today and could be the nail in the coffin for the oil market rebound in Q1.&#34;</p><p>The Energy Information Administration on Wednesday said U.S. crude inventories rose 1.6 million barrels last week. At 480.1 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year, EIA said. Total motor gasoline inventories decreased by 2.1 million barrels, while distillate stocks declined 2.5 million barrels.</p><p>Analysts surveyed by The Wall Street Journal, on average, had looked for crude inventories to show a fall of 100,000 barrels, while gasoline stocks were seen down 1.2 million barrels and distillates down 600,000 barrels.</p><p>The American Petroleum Institute, an industry trade group, late Tuesday reported a 1.2 million barrel rise in U.S. crude inventories last week, according to a source citing the data, while gasoline inventories fell 4.6 million barrels and distillate stocks declined 2.9 million barrels.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Oil Closes Below $70 A Barrel For First Time Since 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Oil Closes Below $70 A Barrel For First Time Since 2021\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\">2023-03-16 07:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Trouble in the banking sector amplified fears that aggressive monetary tightening by the Federal Reserve and other central banks has set the stage for a sharp economic downturn.</p><p>Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a record low, pressuring the European banking sector and financial markets days after two lenders collapsed in the U.S.</p><p>Oil failed to bounce alongside a modest rebound for equities on Monday, and extended losses as U.S. stocks fell sharply on renewed bank fears Tuesday, with the Dow Jones Industrial Average  down 438 points, or 1.4%, and the S&amp;P 500  down 1.2%.</p><p>&#34;Oil is getting destroyed, with big macro looking straight into the U.S. recession vortex and energy traders drawing straight-line parallels to prior bank sector-driven recessions, especially the 2008 financial crisis, which has similar overtones to the current financial tumult and when oil tanked,&#34; said Stephen Innes, managing director of SPI Asset Management, in a note.</p><p>Innes said the lack of a &#34;slingshot recovery&#34; in China economic data following the country&#39;s lifting of strict COVID levels and mounting worries over Credit Suisse &#34;has opened the trap door for the oil market today and could be the nail in the coffin for the oil market rebound in Q1.&#34;</p><p>The Energy Information Administration on Wednesday said U.S. crude inventories rose 1.6 million barrels last week. At 480.1 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year, EIA said. Total motor gasoline inventories decreased by 2.1 million barrels, while distillate stocks declined 2.5 million barrels.</p><p>Analysts surveyed by The Wall Street Journal, on average, had looked for crude inventories to show a fall of 100,000 barrels, while gasoline stocks were seen down 1.2 million barrels and distillates down 600,000 barrels.</p><p>The American Petroleum Institute, an industry trade group, late Tuesday reported a 1.2 million barrel rise in U.S. crude inventories last week, according to a source citing the data, while gasoline inventories fell 4.6 million barrels and distillate stocks declined 2.9 million barrels.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319820389","content_text":"Trouble in the banking sector amplified fears that aggressive monetary tightening by the Federal Reserve and other central banks has set the stage for a sharp economic downturn.Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a record low, pressuring the European banking sector and financial markets days after two lenders collapsed in the U.S.Oil failed to bounce alongside a modest rebound for equities on Monday, and extended losses as U.S. stocks fell sharply on renewed bank fears Tuesday, with the Dow Jones Industrial Average  down 438 points, or 1.4%, and the S&P 500  down 1.2%.\"Oil is getting destroyed, with big macro looking straight into the U.S. recession vortex and energy traders drawing straight-line parallels to prior bank sector-driven recessions, especially the 2008 financial crisis, which has similar overtones to the current financial tumult and when oil tanked,\" said Stephen Innes, managing director of SPI Asset Management, in a note.Innes said the lack of a \"slingshot recovery\" in China economic data following the country's lifting of strict COVID levels and mounting worries over Credit Suisse \"has opened the trap door for the oil market today and could be the nail in the coffin for the oil market rebound in Q1.\"The Energy Information Administration on Wednesday said U.S. crude inventories rose 1.6 million barrels last week. At 480.1 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year, EIA said. Total motor gasoline inventories decreased by 2.1 million barrels, while distillate stocks declined 2.5 million barrels.Analysts surveyed by The Wall Street Journal, on average, had looked for crude inventories to show a fall of 100,000 barrels, while gasoline stocks were seen down 1.2 million barrels and distillates down 600,000 barrels.The American Petroleum Institute, an industry trade group, late Tuesday reported a 1.2 million barrel rise in U.S. crude inventories last week, according to a source citing the data, while gasoline inventories fell 4.6 million barrels and distillate stocks declined 2.9 million barrels.","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949752706,"gmtCreate":1678923786606,"gmtModify":1678923788389,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949752706","repostId":"1109830514","repostType":2,"isVote":1,"tweetType":1,"viewCount":1110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949429254,"gmtCreate":1678839303479,"gmtModify":1678839307566,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949429254","repostId":"1152471895","repostType":4,"repost":{"id":"1152471895","kind":"news","pubTimestamp":1678838366,"share":"https://ttm.financial/m/news/1152471895?lang=en_US&edition=fundamental","pubTime":"2023-03-15 07:59","market":"sg","language":"en","title":"Singapore Shares May Stop The Bleeding On Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1152471895","media":"RTTNews","summary":"The Singapore stock market has tracked lower in five consecutive trading days, slumping more than 11","content":"<html><head></head><body><p>The Singapore stock market has tracked lower in five consecutive trading days, slumping more than 115 points or 3.5 percent along the way. The Straits Times Index now rests just beneath the 3,130-point plateau although it may finally find traction on Wednesday.</p><p>The global forecast for the Asian markets is positive on bargain hunting and encouraging inflation data. The European and U.S. markets were sharply higher and the Asian bourses figure to follow that lead.</p><p>The STI finished barely lower on Tuesday following losses from the banks, gains from the REITs and mixed performances from the properties and industrials.</p><p>For the day, the index eased 2.62 points or 0.08 percent to finish at 3,129.75 after trading between 3,094.28 and 3,139.27.</p><p>Among the actives, Ascendas REIT spiked 2.61 percent, while CapitaLand Integrated Commercial Trust rose 0.55 percent, CapitaLand Investment climbed 1.46 percent, City Developments tumbled 1.94 percent, Comfort DelGro slumped 0.85 percent, DBS Group retreated 1.13 percent, Emperador advanced 0.98 percent, Hongkong Land added 0.68 percent, Keppel Corp fell 0.56 percent, Mapletree Pan Asia Commercial Trust soared 3.07 percent, Mapletree Industrial Trust rallied 2.23 percent, Mapletree Logistics Trust surged 3.77 percent, Oversea-Chinese Banking Corporation sank 0.74 percent, SATS skidded 0.83 percent, SembCorp Industries skyrocketed 6.10 percent, Singapore Technologies Engineering gained 0.89 percent, SingTel jumped 2.15 percent, Thai Beverage dropped 0.80 percent, United Overseas Bank declined 1.59 percent, Yangzijiang Shipbuilding plunged 3.12 percent and Genting Singapore, Wilmar International and Yangzijiang Financial were unchanged.</p><p>The lead from Wall Street is upbeat as the major averages opened sharply higher on Tuesday and remained in the green throughout the session.</p><p>The Dow jumped 336.26 points or 1.06 percent to finish at 32,155.40, while the NASDAQ rallied 239.31 points or 2.14 percent to end at 11,428.15 and the S&amp;P 500 advanced 63.53 points or 1.65 percent to close at 3,919.29.</p><p>The strength on Wall Street was fueled by bargain hunting, particularly in the banking sector after regulators said there won&#39;t be a relapse of the financial crisis from 15 years ago.</p><p>Data showing a drop in U.S. consumer prices in February contributed significantly to the positive mood in the market, allaying fears of an accelerated rate hike from the Federal Reserve.</p><p>Crude oil prices fell sharply to a nine-week low on Tuesday amid concerns a fresh financial crisis following the collapse of Silicon Valley Bank and Signature Bank could significantly hurt demand. West Texas Intermediate Crude oil futures for April sank $3.47 or 4.7 percent at $71.33 a barrel.</p><p>Closer to home, Singapore will release Q4 data for unemployment later today; in the three months prior, the jobless rate was 2.0 percent.</p></body></html>","source":"lsy1626938412129","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>Singapore Shares May Stop The Bleeding On Wednesday</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\">\nSingapore Shares May Stop The Bleeding On Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-15 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3350292/singapore-shares-may-stop-the-bleeding-on-wednesday.aspx?type=acom><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has tracked lower in five consecutive trading days, slumping more than 115 points or 3.5 percent along the way. The Straits Times Index now rests just beneath the 3,130-...</p>\n\n<a href=\"https://www.rttnews.com/3350292/singapore-shares-may-stop-the-bleeding-on-wednesday.aspx?type=acom\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3350292/singapore-shares-may-stop-the-bleeding-on-wednesday.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152471895","content_text":"The Singapore stock market has tracked lower in five consecutive trading days, slumping more than 115 points or 3.5 percent along the way. The Straits Times Index now rests just beneath the 3,130-point plateau although it may finally find traction on Wednesday.The global forecast for the Asian markets is positive on bargain hunting and encouraging inflation data. The European and U.S. markets were sharply higher and the Asian bourses figure to follow that lead.The STI finished barely lower on Tuesday following losses from the banks, gains from the REITs and mixed performances from the properties and industrials.For the day, the index eased 2.62 points or 0.08 percent to finish at 3,129.75 after trading between 3,094.28 and 3,139.27.Among the actives, Ascendas REIT spiked 2.61 percent, while CapitaLand Integrated Commercial Trust rose 0.55 percent, CapitaLand Investment climbed 1.46 percent, City Developments tumbled 1.94 percent, Comfort DelGro slumped 0.85 percent, DBS Group retreated 1.13 percent, Emperador advanced 0.98 percent, Hongkong Land added 0.68 percent, Keppel Corp fell 0.56 percent, Mapletree Pan Asia Commercial Trust soared 3.07 percent, Mapletree Industrial Trust rallied 2.23 percent, Mapletree Logistics Trust surged 3.77 percent, Oversea-Chinese Banking Corporation sank 0.74 percent, SATS skidded 0.83 percent, SembCorp Industries skyrocketed 6.10 percent, Singapore Technologies Engineering gained 0.89 percent, SingTel jumped 2.15 percent, Thai Beverage dropped 0.80 percent, United Overseas Bank declined 1.59 percent, Yangzijiang Shipbuilding plunged 3.12 percent and Genting Singapore, Wilmar International and Yangzijiang Financial were unchanged.The lead from Wall Street is upbeat as the major averages opened sharply higher on Tuesday and remained in the green throughout the session.The Dow jumped 336.26 points or 1.06 percent to finish at 32,155.40, while the NASDAQ rallied 239.31 points or 2.14 percent to end at 11,428.15 and the S&P 500 advanced 63.53 points or 1.65 percent to close at 3,919.29.The strength on Wall Street was fueled by bargain hunting, particularly in the banking sector after regulators said there won't be a relapse of the financial crisis from 15 years ago.Data showing a drop in U.S. consumer prices in February contributed significantly to the positive mood in the market, allaying fears of an accelerated rate hike from the Federal Reserve.Crude oil prices fell sharply to a nine-week low on Tuesday amid concerns a fresh financial crisis following the collapse of Silicon Valley Bank and Signature Bank could significantly hurt demand. West Texas Intermediate Crude oil futures for April sank $3.47 or 4.7 percent at $71.33 a barrel.Closer to home, Singapore will release Q4 data for unemployment later today; in the three months prior, the jobless rate was 2.0 percent.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949429897,"gmtCreate":1678839248219,"gmtModify":1678839251245,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949429897","repostId":"2319061074","repostType":4,"isVote":1,"tweetType":1,"viewCount":1730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949429047,"gmtCreate":1678839204189,"gmtModify":1678839208142,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949429047","repostId":"1134873184","repostType":4,"repost":{"id":"1134873184","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":1678801677,"share":"https://ttm.financial/m/news/1134873184?lang=en_US&edition=fundamental","pubTime":"2023-03-14 21:47","market":"us","language":"en","title":"Mega-Cap Growth Stocks Jumped in Morning Trading, with Meta Jumping Over 6%","url":"https://stock-news.laohu8.com/highlight/detail?id=1134873184","media":"Tiger Newspress","summary":"Mega-cap growth stocks jumped in morning trading. Meta surged 6% on the news to lay off 10,000 emplo","content":"<html><head></head><body><p>Mega-cap growth stocks jumped in morning trading. Meta surged 6% on the news to lay off 10,000 employees in second round of job cuts. <img src=\"https://static.tigerbbs.com/18093f468793b6d4c98cd2e81d022ee5\" tg-width=\"285\" tg-height=\"309\" width=\"100%\" height=\"auto\"/></p></body></html>","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>Mega-Cap Growth Stocks Jumped in Morning Trading, with Meta Jumping Over 6%</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\">\nMega-Cap Growth Stocks Jumped in Morning Trading, with Meta Jumping Over 6%\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\">2023-03-14 21:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Mega-cap growth stocks jumped in morning trading. Meta surged 6% on the news to lay off 10,000 employees in second round of job cuts. <img src=\"https://static.tigerbbs.com/18093f468793b6d4c98cd2e81d022ee5\" tg-width=\"285\" tg-height=\"309\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","META":"Meta Platforms, Inc.","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134873184","content_text":"Mega-cap growth stocks jumped in morning trading. Meta surged 6% on the news to lay off 10,000 employees in second round of job cuts.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NVDA":0.9,"META":0.9}},"isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949529559,"gmtCreate":1678765220872,"gmtModify":1678765224472,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949529559","repostId":"2318942637","repostType":4,"repost":{"id":"2318942637","kind":"highlight","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":1678763358,"share":"https://ttm.financial/m/news/2318942637?lang=en_US&edition=fundamental","pubTime":"2023-03-14 11:09","market":"us","language":"en","title":"How Does a Bank Collapse Quickly? a Timeline of the SVB Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2318942637","media":"Tiger Newspress","summary":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered custome","content":"<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>","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>How Does a Bank Collapse Quickly? a Timeline of the SVB Fall</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\">\nHow Does a Bank Collapse Quickly? a Timeline of the SVB Fall\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\">2023-03-14 11:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4211":"区域性银行","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318942637","content_text":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.It was the largest failure of a US bank since Washington Mutual in 2008.Here’s what we know about the bank’s downfall, and what might come next.What is SVB?Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.Why did it fail?In short, SVB encountered a classic run on the bank.The longer version is a bit more complicated.Several forces collided to take down the banker.First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.The panic takes root…On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.Contagion fears subsideDespite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”What’s next?So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.A buyer could still emerge for SVB, though it’s far from guaranteed.","news_type":1,"symbols_score_info":{"SIVB":0.6}},"isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949670399,"gmtCreate":1678664465112,"gmtModify":1678664468830,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090479553934560","idStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949670399","repostId":"2318875225","repostType":4,"repost":{"id":"2318875225","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678505326,"share":"https://ttm.financial/m/news/2318875225?lang=en_US&edition=fundamental","pubTime":"2023-03-11 11:28","market":"us","language":"en","title":"Elon Musk Exercises Options to Acquire 10,500 Tesla Shares - Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2318875225","media":"Reuters","summary":"(Reuters) - Tesla Inc Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shar","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday.</p></body></html>","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>Elon Musk Exercises Options to Acquire 10,500 Tesla Shares - Filing</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; 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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\">\nElon Musk Exercises Options to Acquire 10,500 Tesla Shares - Filing\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\">2023-03-11 11:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318875225","content_text":"(Reuters) - Tesla Inc Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday.","news_type":1,"symbols_score_info":{"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":1829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949755120,"gmtCreate":1678924098261,"gmtModify":1678924102105,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":26,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949755120","repostId":"1178433847","repostType":4,"repost":{"id":"1178433847","kind":"news","pubTimestamp":1678922002,"share":"https://ttm.financial/m/news/1178433847?lang=en_US&edition=fundamental","pubTime":"2023-03-16 07:13","market":"us","language":"en","title":"Credit Suisse Is In Crisis. What Went Wrong?","url":"https://stock-news.laohu8.com/highlight/detail?id=1178433847","media":"Bloomberg","summary":"Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discreti","content":"<div>\n<p>Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling\">Source Link</a>\n\n</div>\n","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>Credit Suisse Is In Crisis. What Went Wrong?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse Is In Crisis. What Went Wrong?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-16 07:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-03-15/credit-suisse-what-s-going-on-and-why-is-cs-stock-falling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178433847","content_text":"Switzerland’s role as banker to the world’s rich is built on a reputation for institutional discretion and dull reliability. That only makes the scandals, public legal battles and mounting losses at Credit Suisse Group AG more striking and hard to comprehend. In mid-March, unease about the bank’s mounting problems snowballed and its shares slumped, forcing management to appeal to Swiss banking authorities for a public vote of confidence.1. What went wrong?Credit Suisse’s failings have included a criminal conviction for allowing drug dealers to launder money in Bulgaria, entanglement in a Mozambique corruption case, a spying scandal involving a former employee and an executive and a massive leak of client data to the media. Its association with disgraced financier Lex Greensill and failed New York-based investment firm Archegos Capital Management compounded the sense of an institution that didn’t have a firm grip on its affairs. Many fed up clients have voted with their feet, leading to unprecedented client outflows in late 2022.2. What triggered the latest share slump?Chief Executive Officer Ulrich Koerner launched a massive outreach to woo back nervous clients and their cash. The effort appeared to be paying off by January, with it reported “net positive” deposits. However, on March 9, the US Securities and Exchange Commission queried the bank’s annual report, forcing it to delay its publication. Panic spread after regional US lender Silicon Valley Bank failed, the victim in part of risky investments and rising global interest rates that eroded the value of its bond holdings. Investors began ditching anything that smelled of banking risk and deposit flight.3. How bad did the situation get?On March 15, Credit Suisse stock slumped anew when the chairman of its largest shareholder, Saudi National Bank, ruled out investing any more in the company. This prompted Credit Suisse to ask the Swiss central bank for a public statement of support. The cost of insuring the bank’s bonds against default for one year surged to levels not seen for major international banks since the financial crisis of 2008. As other banks sought to hedge their counterparty risk for transactions with Credit Suisse, quoted prices for a one-year credit default swap jumped from 836 basis points, indicating a probability of defaulting of 10%, on March 14 to higher than 3,000 basis points. Few actual trades were executed, however, as liquidity in the market dried up. In another sign of stress, Credit Suisse’s additional tier 1 bonds — which are subordinate to all other ranks of debt and may be written down if capital falls below a predetermined level — were trading below 80% of face value, a level typically signaling distress. Even bonds coming due in April traded at prices well below face value.4. Is this another Lehman Brothers moment?The Wall Street giant, whose failure in 2008 triggered the global financial crisis, succumbed when funding dried up and other banks stopped dealing with it. Unlike Lehman and SVB, Credit Suisse has substantial liquid assets to call upon and access to central bank lending facilities and is less sensitive than many rivals to sharp moves in interest rates. It has rebuilt its cushion against more deposit withdrawals since the worst wave of outflows in October. It also has enough money-like liquid assets to pay back half of all its liabilities in deposits and loans from other banks, according to Bloomberg Opinion banking columnist Paul J. Davies. Koerner said the firm’s liquidity coverage ratio showed it can handle over a month of heavy outflows in a period of stress.5. What else is Koerner doing to turn things around?His three-year recovery plan involves 9,000 job cuts, dismantling the investment banking behemoth assembled over five decades and returning Credit Suisse to its origins as banker to the world’s ultra-wealthy. That means spinning off First Boston, an American investment bank it acquired in 1990 with a view to listing it in 2025, and selling parts of its securitized products unit to Apollo Global Management Inc. That process is now at risk of becoming bogged down in a broader financial-sector selloff following the collapse of SVB and two other US banks.","news_type":1,"symbols_score_info":{"CS":0.9}},"isVote":1,"tweetType":1,"viewCount":1168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940346590,"gmtCreate":1677721004510,"gmtModify":1677721007971,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9940346590","repostId":"1124598150","repostType":2,"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949829030,"gmtCreate":1678501230520,"gmtModify":1678501234164,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949829030","repostId":"1121660476","repostType":4,"repost":{"id":"1121660476","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678489730,"share":"https://ttm.financial/m/news/1121660476?lang=en_US&edition=fundamental","pubTime":"2023-03-11 07:08","market":"us","language":"en","title":"Banking Regulators Shutter SVB, Collapse Unnerves Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1121660476","media":"Reuters","summary":"California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branc","content":"<html><head></head><body><ul><li>California regulator closes SVB, appoints FDIC as receiver</li><li>SVB focused on lending to start-ups; branches to reopen Monday</li><li>FDIC to sell bank assets; &#39;chaos&#39; reported amid withdrawals</li><li>Bank shares fall in U.S., Europe, but well off lows</li><li>Crisis exposes banking &#39;vulnerabilities&#39; amid rising rates</li></ul><p>(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group </a>, the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.</p><p>The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.</p><p>Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.</p><p>The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.</p><p>Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.</p><p>SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.</p><p>Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company&#39;s ability to pay employees and cover expenses.</p><p>&#34;Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.&#34;</p><p>U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.</p><p>Some forecast more pain for the sector.</p><p>&#34;There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,&#34; said Christopher Whalen, chairman of Whalen Global Advisors.</p><p>U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed &#34;full confidence&#34; in their abilities to respond to the situation, Treasury said.</p><p>The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.</p><p>The FDIC said it would seek to sell SVB&#39;s assets and that future dividend payments may be made to uninsured depositors.</p><p>&#34;The first bank failure since 2020 is a wake-up call,&#34; said Matthew Goldberg, an analyst at Bankrate. &#34;Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.&#34;</p><h3>PAIN SPREADS</h3><p>The bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB&#39;s shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.</p><p>The rout in SVB&#39;s stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.</p><p>U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.</p><p>The S&amp;P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&amp;P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.</p><p>The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.</p><p>Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone&#39;s by 300 bps.</p><p>&#34;Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,&#34; said Karl Schamotta, Chief Market Strategist at Corpay.</p><h3>&#39;CHAOS&#39; AS CLIENTS RUSH TO WITHDRAW</h3><p>As higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.</p><p>To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.</p><p>One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.</p><p>The source characterized the situation as &#34;chaos.&#34;</p><p>The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.</p><p>Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.</p><p>Short sellers in SVB have profited by $717 million since Wednesday&#39;s close, according to analytics firm Ortex.</p><p>&#34;The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,&#34; said David Trainer, CEO of New Constructs, an investment research firm.</p></body></html>","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>Banking Regulators Shutter SVB, Collapse Unnerves Investors</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\">\nBanking Regulators Shutter SVB, Collapse Unnerves Investors\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\">2023-03-11 07:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>California regulator closes SVB, appoints FDIC as receiver</li><li>SVB focused on lending to start-ups; branches to reopen Monday</li><li>FDIC to sell bank assets; &#39;chaos&#39; reported amid withdrawals</li><li>Bank shares fall in U.S., Europe, but well off lows</li><li>Crisis exposes banking &#39;vulnerabilities&#39; amid rising rates</li></ul><p>(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender <a href=\"https://laohu8.com/S/SIVB\">SVB Financial Group </a>, the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.</p><p>The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.</p><p>Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.</p><p>The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.</p><p>Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.</p><p>SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.</p><p>Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company&#39;s ability to pay employees and cover expenses.</p><p>&#34;Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.&#34;</p><p>U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.</p><p>Some forecast more pain for the sector.</p><p>&#34;There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,&#34; said Christopher Whalen, chairman of Whalen Global Advisors.</p><p>U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed &#34;full confidence&#34; in their abilities to respond to the situation, Treasury said.</p><p>The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.</p><p>The FDIC said it would seek to sell SVB&#39;s assets and that future dividend payments may be made to uninsured depositors.</p><p>&#34;The first bank failure since 2020 is a wake-up call,&#34; said Matthew Goldberg, an analyst at Bankrate. &#34;Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.&#34;</p><h3>PAIN SPREADS</h3><p>The bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.</p><p>Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB&#39;s shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.</p><p>The rout in SVB&#39;s stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.</p><p>U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.</p><p>The S&amp;P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&amp;P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.</p><p>The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.</p><p>Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone&#39;s by 300 bps.</p><p>&#34;Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,&#34; said Karl Schamotta, Chief Market Strategist at Corpay.</p><h3>&#39;CHAOS&#39; AS CLIENTS RUSH TO WITHDRAW</h3><p>As higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.</p><p>To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.</p><p>One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.</p><p>The source characterized the situation as &#34;chaos.&#34;</p><p>The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.</p><p>Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.</p><p>Short sellers in SVB have profited by $717 million since Wednesday&#39;s close, according to analytics firm Ortex.</p><p>&#34;The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,&#34; said David Trainer, CEO of New Constructs, an investment research firm.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121660476","content_text":"California regulator closes SVB, appoints FDIC as receiverSVB focused on lending to start-ups; branches to reopen MondayFDIC to sell bank assets; 'chaos' reported amid withdrawalsBank shares fall in U.S., Europe, but well off lowsCrisis exposes banking 'vulnerabilities' amid rising rates(Reuters) - California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group , the largest bank failure since the financial crisis, a sudden collapse that prompted the global banking sector to shed billions in market value.The regulator appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, putting the tech-heavy lender into receivership and will dispose of its assets, according to a statement.Silicon Valley Bank is the first FDIC-insured institution to fail this year, the FDIC said. The last FDIC-insured institution to close was Almena State Bank in Kansas, on October 23, 2020.The main office and all branches of Silicon Valley Bank will reopen on March 13 and all insured depositors will have full access to their insured deposits no later than Monday morning, according to the FDIC statement.Technology workers whose paychecks relied on the bank were worried about getting paid on Friday. An SVB branch in San Francisco showed a Scotch-taped note telling clients to call a toll-free telephone number.SVB, which does business as Silicon Valley Bank, was not immediately available for comment. Its customers were met with locked doors on Friday. A client dashboard was down, a UK-based client of the bank told Reuters.Dean Nelson, CEO of Cato Digital, was on a line outside of SVB Santa Clara headquarters, hoping to get answers. Nelson said he was worried about the company's ability to pay employees and cover expenses.\"Access to the cash is the biggest problem for the majority of the companies here. If you’re a startup, cash is king. The cash and the workflow, to be able to have the runway is critical.\"U.S. banks have lost over $100 billion in stock market value over the past two days, with European banks losing around another $50 billion in value, according to a Reuters calculation. Regional banks sold off on Friday.Some forecast more pain for the sector.\"There could be a bloodbath next week as banks are in trouble, the short sellers are out there and they are going to attack every single bank, especially the smaller ones,\" said Christopher Whalen, chairman of Whalen Global Advisors.U.S. Treasury Secretary Janet Yellen met with banking regulators on Friday expressed \"full confidence\" in their abilities to respond to the situation, Treasury said.The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB. Cecilia Rouse, who chairs the Council of Economic Advisers, said the U.S. banking system was fundamentally stronger than it was during the 2008 financial crisis.The FDIC said it would seek to sell SVB's assets and that future dividend payments may be made to uninsured depositors.\"The first bank failure since 2020 is a wake-up call,\" said Matthew Goldberg, an analyst at Bankrate. \"Even during times when there are no bank failures or few bank failures, you always have to make sure your money is safe and within FDIC limits and rules at an FDIC-insured bank.\"PAIN SPREADSThe bank scrambled this week to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.Shares of SVB remained halted on Friday after tumbling as much as 66% in premarket trading. While the suspension of SVB's shares made it hard to assess how much value was left at SVB, the trading of its bonds offered clues. Most of its long-dated bonds collapsed in value on Friday, with a May 2028 bond trading down from 85 cents to 36 cents on the dollar.The rout in SVB's stock, which began on Thursday, spilled over into other U.S. and European banks, with the episode spreading concern about hidden risks in the sector and its vulnerability to the rising cost of money. But banking shares were well off their lows on Friday.U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors.The S&P 500 regional banks index (.SPLRCBNKS) dropped 4.3%, bringing its loss this week to 18%, its worst week since 2009. The S&P 500 banks index (.SPXBK), which includes both large and medium banks, fell 0.5%, bringing its loss this week to over 11.5%.The problems at SVB underscore how a campaign by the U.S. Federal Reserve and other central banks to fight inflation by ending t he era of cheap money is exposing vulnerabilities in the market.Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone's by 300 bps.\"Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold,\" said Karl Schamotta, Chief Market Strategist at Corpay.'CHAOS' AS CLIENTS RUSH TO WITHDRAWAs higher interest rates caused the market for initial public offerings to shut down for many startups and made private fundraising more costly, some SVB clients started pulling money out.To fund the redemptions, SVB sold on Wednesday a $21 billion bond portfolio consisting mostly of U.S. Treasuries. SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole.One UK-based principal at a venture capital firm, who asked to be anonymous because he is not authorized to speak to press, said his firm had rushed to pull “single digit millions” from four accounts at Silicon Valley Bank late on Thursday.The source characterized the situation as \"chaos.\"The technology sector has been hit hard and stress has appeared in other corners of the market as rates rise.Sources familiar with the situation said on Thursday that some startups had advised their founders to pull out money from SVB as a precautionary measure.Short sellers in SVB have profited by $717 million since Wednesday's close, according to analytics firm Ortex.\"The market is tired of companies that do business with unprofitable companies or that are unprofitable themselves,\" said David Trainer, CEO of New Constructs, an investment research firm.","news_type":1,"symbols_score_info":{"SIVB":0.9}},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940137714,"gmtCreate":1677744988539,"gmtModify":1677744992111,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940137714","repostId":"2316618792","repostType":4,"repost":{"id":"2316618792","kind":"highlight","pubTimestamp":1677771117,"share":"https://ttm.financial/m/news/2316618792?lang=en_US&edition=fundamental","pubTime":"2023-03-02 23:31","market":"us","language":"en","title":"2 Stocks Down 55% and 71% to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2316618792","media":"Motley Fool","summary":"The bear market has created some rock-solid bargains. Here are two you should take advantage of.","content":"<div>\n<p>The stock market got off to a solid start in 2023, with the S&P 500 up nearly 4% (after being up as much as 9% early last month).Even with the good start, many individual stocks are still deep in bear...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks Down 55% and 71% to Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks Down 55% and 71% to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market got off to a solid start in 2023, with the S&P 500 up nearly 4% (after being up as much as 9% early last month).Even with the good start, many individual stocks are still deep in bear...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PRTS":"CarParts","MMM":"3M"},"source_url":"https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316618792","content_text":"The stock market got off to a solid start in 2023, with the S&P 500 up nearly 4% (after being up as much as 9% early last month).Even with the good start, many individual stocks are still deep in bear market territory, and the Federal Reserve continues to telegraph its intention to keep raising interest rates, which seems even likelier after strong January employment and retail sales reports and a hotter-than-expected personal consumption expenditures reading, which is the Fed's favorite inflation gauge.The good news is that the pressure from rising interest rates and the prospects of a recession are making a lot of quality stocks cheap. Two Motley Fool contributors were asked to explain why 3M and CarParts.com, which are trading down 55% and 71%, respectively, from recent highs, both look like buys right now.Beyond some short-term legal risks, there is good value in 3M stockParkev Tatevosian: Trading down 55% off its high in 2019, now might be an excellent time for investors to consider 3M stock. The 121-year-old company profitably manufactures a diverse assortment of products that give it a presence across multiple industries and in several countries. While the troubled economy has had some effect on the stock price, much of the reason for its current reasonable valuation lies in concerns about its fiscal exposure to multiple lawsuits it is facing.Over decades, 3M has established itself in categories critical to enterprises and consumers. That's put it in a position to consistently deliver revenue topping $30 billion annually. More impressively, 3M has improved efficiencies in its business to expand its earnings per share from $6.72 in 2013 to $10.18 in 2022. Of course, rising profits allowed management to return capital to shareholders. Over the past decade, 3M's annual dividend per share has increased from $2.54 to $5.96.MMM PE Ratio (Forward) data by YChartsFortunately for investors, 3M stock is trading at a relative discount. Measuring by its forward price-to-earnings ratio of 12.46, 3M stock is selling at a valuation investors don't often see. Admittedly, the outcome of the litigation is a justifiable reason for the stock's decreased valuation, but the market may be overreacting to the news. This provides an excellent opportunity for long-term investors to capitalize on the lower price to add this dividend stock to their portfolios.CarParts.com: An under-the-radar e-commerce disruptorJeremy Bowman (CarParts.com): CarParts.com's revenue soared during the early stages of the pandemic, as the company was at the crossroads of two powerful pandemic tailwinds: e-commerce and auto parts. Consumers looked to online retail as they avoided shopping in stores, and auto parts sales also jumped as consumers took advantage of the extra time on their hands to fix up their vehicles. As a result, CarParts.com, the online auto parts retailer formerly known as U.S. Auto Parts, saw revenue growth nearly double in the fourth quarter of 2020 before decelerating as demand and the pandemic disruption normalized.Even as pandemic concerns ease, CarParts.com continues to grow its top line by double-digit percentages, taking market share in the industry, and it's improving its margins on the bottom line as well. In its third-quarter earnings report, revenue rose 16% year over year to $164.8 million, and gross profit increased 19% to $56.1 million. Its adjusted EBITDA also nearly tripled to $6.3 million.CarParts.com grew its business by adding new warehouses around the country so it can serve most of its customers with two-day delivery. It's also innovating with a new Do-It-For-Me service where the company is partnering with mechanics around the country who will seamlessly service customers who bring in CarParts.com parts, allowing them to save money as CarParts.com private-labels most of its merchandise, allowing it to undercut competitors on price.Additionally, the company should benefit from the current economic environment, as high interest rates are making new cars more expensive, encouraging car owners to repair their current vehicles rather than replace them. The auto parts sector also tends to do well in recessionary climates.Finally, the stock trades at a price-to-sales ratio of 0.6 and just 13 times adjusted EBITDA, making it cheap for a stock with its growth potential.If the company can continue growing the top and bottom lines, CarParts.com should be a winner from here.","news_type":1,"symbols_score_info":{"PRTS":0.9,"MMM":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949529559,"gmtCreate":1678765220872,"gmtModify":1678765224472,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949529559","repostId":"2318942637","repostType":4,"repost":{"id":"2318942637","kind":"highlight","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":1678763358,"share":"https://ttm.financial/m/news/2318942637?lang=en_US&edition=fundamental","pubTime":"2023-03-14 11:09","market":"us","language":"en","title":"How Does a Bank Collapse Quickly? a Timeline of the SVB Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2318942637","media":"Tiger Newspress","summary":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered custome","content":"<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>","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>How Does a Bank Collapse Quickly? a Timeline of the SVB Fall</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\">\nHow Does a Bank Collapse Quickly? a Timeline of the SVB Fall\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\">2023-03-14 11:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4211":"区域性银行","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318942637","content_text":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.It was the largest failure of a US bank since Washington Mutual in 2008.Here’s what we know about the bank’s downfall, and what might come next.What is SVB?Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.Why did it fail?In short, SVB encountered a classic run on the bank.The longer version is a bit more complicated.Several forces collided to take down the banker.First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.The panic takes root…On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.Contagion fears subsideDespite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”What’s next?So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.A buyer could still emerge for SVB, though it’s far from guaranteed.","news_type":1,"symbols_score_info":{"SIVB":0.6}},"isVote":1,"tweetType":1,"viewCount":1334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951673526,"gmtCreate":1673482755666,"gmtModify":1676538843511,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951673526","repostId":"2302840328","repostType":4,"repost":{"id":"2302840328","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1673476494,"share":"https://ttm.financial/m/news/2302840328?lang=en_US&edition=fundamental","pubTime":"2023-01-12 06:34","market":"us","language":"en","title":"Wall St Ends Sharply Higher on Optimism Before Key Inflation Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2302840328","media":"Reuters","summary":"* CPI report due Thursday before the bell* Bed, Bath & Beyond extends recent gains* Indexes: Dow up ","content":"<html><head></head><body><p>* CPI report due Thursday before the bell</p><p>* Bed, Bath &amp; Beyond extends recent gains</p><p>* Indexes: Dow up 0.8%, S&amp;P 500 up 1.3%, Nasdaq up 1.8%</p><p><img src=\"https://static.tigerbbs.com/f423a7d52d3e3199f0c20726990a22ba\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Jan 11 (Reuters) - U.S. stocks ended up sharply on Wednesday, with the S&amp;P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.</p><p>The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.</p><p>Among sectors, real estate and consumer discretionary were the day&#39;s strongest performers, while Microsoft, Amazon.com and other mega-cap growth names gave the S&amp;P 500 its biggest boost.</p><p>The benchmark index is up so far for 2023 after falling sharply last year. Hopes that the Fed could soon ease back on its aggressive tightening after raising the federal funds rate seven times in 2022 have boosted the market in recent sessions, even as comments by some Fed officials have supported the view that the central bank needs to remain vigilant about raising rates to fight inflation.</p><p>&#34;Investors are anticipating that we&#39;re closer to a pause than at any other point last year,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. He said that would be welcomed by the market.</p><p>Also, &#34;any time you have a down year, it&#39;s not surprising many times to have a reversal at the start of the new year,&#34; he said.</p><p>The Dow Jones Industrial Average rose 268.91 points, or 0.8%, to 33,973.01, the S&amp;P 500 gained 50.36 points, or 1.28%, to 3,969.61 and the Nasdaq Composite added 189.04 points, or 1.76%, to 10,931.67.</p><p>Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points in February.</p><p>This week also marks the start of the fourth-quarter earnings season for S&amp;P 500 companies, with overall S&amp;P 500 earnings expected to have declined year-over-year, according to IBES data from Refinitiv.</p><p>The biggest U.S. banks, which kick off the season later this week, are expected to report lower quarterly earnings as risks of a recession rise due to monetary policy tightening.</p><p>Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, a source familiar with the matter said. Shares of Goldman Sachs ended up 2%.</p><p>Retailer Bed Bath &amp; Beyond Inc sharply extended recent gains to end up 68.6% despite bleak quarterly results, with some investors speculating it could be a potential acquisition target.</p><p>Volume on U.S. exchanges was 11.42 billion shares, compared with the 11 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.25-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 11 new 52-week highs and 1 new low; the Nasdaq Composite recorded 98 new highs and 20 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St Ends Sharply Higher on Optimism Before Key Inflation Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St Ends Sharply Higher on Optimism Before Key Inflation Report\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\">2023-01-12 06:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* CPI report due Thursday before the bell</p><p>* Bed, Bath &amp; Beyond extends recent gains</p><p>* Indexes: Dow up 0.8%, S&amp;P 500 up 1.3%, Nasdaq up 1.8%</p><p><img src=\"https://static.tigerbbs.com/f423a7d52d3e3199f0c20726990a22ba\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Jan 11 (Reuters) - U.S. stocks ended up sharply on Wednesday, with the S&amp;P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.</p><p>The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.</p><p>Among sectors, real estate and consumer discretionary were the day&#39;s strongest performers, while Microsoft, Amazon.com and other mega-cap growth names gave the S&amp;P 500 its biggest boost.</p><p>The benchmark index is up so far for 2023 after falling sharply last year. Hopes that the Fed could soon ease back on its aggressive tightening after raising the federal funds rate seven times in 2022 have boosted the market in recent sessions, even as comments by some Fed officials have supported the view that the central bank needs to remain vigilant about raising rates to fight inflation.</p><p>&#34;Investors are anticipating that we&#39;re closer to a pause than at any other point last year,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. He said that would be welcomed by the market.</p><p>Also, &#34;any time you have a down year, it&#39;s not surprising many times to have a reversal at the start of the new year,&#34; he said.</p><p>The Dow Jones Industrial Average rose 268.91 points, or 0.8%, to 33,973.01, the S&amp;P 500 gained 50.36 points, or 1.28%, to 3,969.61 and the Nasdaq Composite added 189.04 points, or 1.76%, to 10,931.67.</p><p>Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points in February.</p><p>This week also marks the start of the fourth-quarter earnings season for S&amp;P 500 companies, with overall S&amp;P 500 earnings expected to have declined year-over-year, according to IBES data from Refinitiv.</p><p>The biggest U.S. banks, which kick off the season later this week, are expected to report lower quarterly earnings as risks of a recession rise due to monetary policy tightening.</p><p>Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, a source familiar with the matter said. Shares of Goldman Sachs ended up 2%.</p><p>Retailer Bed Bath &amp; Beyond Inc sharply extended recent gains to end up 68.6% despite bleak quarterly results, with some investors speculating it could be a potential acquisition target.</p><p>Volume on U.S. exchanges was 11.42 billion shares, compared with the 11 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.25-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 11 new 52-week highs and 1 new low; the Nasdaq Composite recorded 98 new highs and 20 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4548":"巴美列捷福持仓","BK4552":"Archegos爆仓风波概念","GS":"高盛","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","MSFT":"微软","BK4561":"索罗斯持仓",".DJI":"道琼斯","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4524":"宅经济概念",".SPX":"S&P 500 Index","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4527":"明星科技股","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4534":"瑞士信贷持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","AMZN":"亚马逊","BK4122":"互联网与直销零售","BBBY":"Bed Bath & Beyond, Inc.","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4535":"淡马锡持仓","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4178":"家庭装饰零售",".IXIC":"NASDAQ Composite","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4559":"巴菲特持仓","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4579":"人工智能"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302840328","content_text":"* CPI report due Thursday before the bell* Bed, Bath & Beyond extends recent gains* Indexes: Dow up 0.8%, S&P 500 up 1.3%, Nasdaq up 1.8%NEW YORK, Jan 11 (Reuters) - U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.Among sectors, real estate and consumer discretionary were the day's strongest performers, while Microsoft, Amazon.com and other mega-cap growth names gave the S&P 500 its biggest boost.The benchmark index is up so far for 2023 after falling sharply last year. Hopes that the Fed could soon ease back on its aggressive tightening after raising the federal funds rate seven times in 2022 have boosted the market in recent sessions, even as comments by some Fed officials have supported the view that the central bank needs to remain vigilant about raising rates to fight inflation.\"Investors are anticipating that we're closer to a pause than at any other point last year,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. He said that would be welcomed by the market.Also, \"any time you have a down year, it's not surprising many times to have a reversal at the start of the new year,\" he said.The Dow Jones Industrial Average rose 268.91 points, or 0.8%, to 33,973.01, the S&P 500 gained 50.36 points, or 1.28%, to 3,969.61 and the Nasdaq Composite added 189.04 points, or 1.76%, to 10,931.67.Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points in February.This week also marks the start of the fourth-quarter earnings season for S&P 500 companies, with overall S&P 500 earnings expected to have declined year-over-year, according to IBES data from Refinitiv.The biggest U.S. banks, which kick off the season later this week, are expected to report lower quarterly earnings as risks of a recession rise due to monetary policy tightening.Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, a source familiar with the matter said. Shares of Goldman Sachs ended up 2%.Retailer Bed Bath & Beyond Inc sharply extended recent gains to end up 68.6% despite bleak quarterly results, with some investors speculating it could be a potential acquisition target.Volume on U.S. exchanges was 11.42 billion shares, compared with the 11 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.25-to-1 ratio favored advancers.The S&P 500 posted 11 new 52-week highs and 1 new low; the Nasdaq Composite recorded 98 new highs and 20 new lows.","news_type":1,"symbols_score_info":{".DJI":0.9,"AMZN":0.9,".SPX":0.9,"BBBY":0.9,".IXIC":0.9,"MSFT":0.9,"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949755854,"gmtCreate":1678924163379,"gmtModify":1678924167084,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949755854","repostId":"2319001878","repostType":4,"repost":{"id":"2319001878","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1678920976,"share":"https://ttm.financial/m/news/2319001878?lang=en_US&edition=fundamental","pubTime":"2023-03-16 06:56","market":"us","language":"en","title":"US Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=2319001878","media":"Reuters","summary":"(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, a","content":"<html><head></head><body><p>(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&amp;P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.</p><p>Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country&#39;s banking giant. The Nasdaq composite closed with slight gains.</p><p>&#34;We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,&#34; said Themis Trading co-manager of trading, Joe Saluzzi.</p><p>Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>.</p><p><img src=\"https://static.tigerbbs.com/e95ca25346ef690c8b2725f26d6e0058\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.</p><p>&#34;They&#39;ve tightened at the steepest, most dramatic rate that we&#39;ve seen since 1980 and so I think this could be the opportunity for them to pause,&#34; said Cresset Capital CIO, Jack Ablin.</p><p>U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.</p><p>The selloff put an early end to Wall Street&#39;s lukewarm rebound in yesterday&#39;s session.</p><p>“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,&#34; said Adams Funds CEO and senior portfolio manager Mark Stoeckle.</p><p>Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.</p><p>A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.</p><p>U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed&#39;s March meeting.</p><p>The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&amp;P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.</p><p>$First Republic Bank(FRC-N)$ tumbled 21.37% while <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.</p><p>Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.</p><p>&#34;In the financial markets, you just have to look at the ones that could weather through and don&#39;t have as much investment risk on their on their portfolio,&#34; said Jeffrey Carbone, managing partner at Cornerstone Wealth.</p><p>Big U.S. banks including JPMorgan Chase &amp; Co, Citigroup and Bank of America Corp dropped, pushing the S&amp;P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.</p><p>Most of the 11 major S&amp;P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.</p></body></html>","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>US Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff</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\">\nUS Stocks-Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff\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\">2023-03-16 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&amp;P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.</p><p>Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country&#39;s banking giant. The Nasdaq composite closed with slight gains.</p><p>&#34;We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,&#34; said Themis Trading co-manager of trading, Joe Saluzzi.</p><p>Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a>.</p><p><img src=\"https://static.tigerbbs.com/e95ca25346ef690c8b2725f26d6e0058\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.</p><p>&#34;They&#39;ve tightened at the steepest, most dramatic rate that we&#39;ve seen since 1980 and so I think this could be the opportunity for them to pause,&#34; said Cresset Capital CIO, Jack Ablin.</p><p>U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.</p><p>The selloff put an early end to Wall Street&#39;s lukewarm rebound in yesterday&#39;s session.</p><p>“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,&#34; said Adams Funds CEO and senior portfolio manager Mark Stoeckle.</p><p>Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.</p><p>A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.</p><p>U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed&#39;s March meeting.</p><p>The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&amp;P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.</p><p>$First Republic Bank(FRC-N)$ tumbled 21.37% while <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.</p><p>Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.</p><p>&#34;In the financial markets, you just have to look at the ones that could weather through and don&#39;t have as much investment risk on their on their portfolio,&#34; said Jeffrey Carbone, managing partner at Cornerstone Wealth.</p><p>Big U.S. banks including JPMorgan Chase &amp; Co, Citigroup and Bank of America Corp dropped, pushing the S&amp;P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.</p><p>Most of the 11 major S&amp;P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319001878","content_text":"(Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month.Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country's banking giant. The Nasdaq composite closed with slight gains.\"We are seeing movement on the headlines but not severe headlines which is good. ... I don’t think we are at 2008-2009 stages by any means when it comes to the contagion stuff,\" said Themis Trading co-manager of trading, Joe Saluzzi.Still, Credit Suisse troubles piled more pressure on the banking sector after U.S. authorities relieved investors with emergency measures to prevent contagion after the collapse of SVB Financial and Signature Bank.Some investors believe aggressive U.S. interest rate hikes by the Federal Reserve caused cracks in the financial system.\"They've tightened at the steepest, most dramatic rate that we've seen since 1980 and so I think this could be the opportunity for them to pause,\" said Cresset Capital CIO, Jack Ablin.U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.The selloff put an early end to Wall Street's lukewarm rebound in yesterday's session.“The bounce back yesterday in financial stocks, the banks, made sense, but sort of an overriding factor here is a loss of confidence and it’s really fear of the unknown,\" said Adams Funds CEO and senior portfolio manager Mark Stoeckle.Data showed U.S. retail sales fell 0.4% last month after 3.2% growth in January. Economists polled by Reuters had expected a contraction of 0.3%.A separate report showed U.S. producer prices unexpectedly fell in February, a day after another reading showed moderation in consumer inflation. This fueled investor hopes the Fed might slow its rate hikes.U.S. Treasury yields fell, with traders now expecting equal chances of a 25-basis-point rate hike and a pause at the Fed's March meeting.The Dow Jones Industrial Average fell 280.83 points, or 0.87%, to 31,874.57, the S&P 500 lost 27.36 points, or 0.70%, to 3,891.93 and the Nasdaq Composite added 5.90 points, or 0.05%, to 11,434.05.$First Republic Bank(FRC-N)$ tumbled 21.37% while PacWest Bancorp PACW.O slid 12.87%, and trading was halted several times for volatility, a day after shares of the battered banks staged a strong recovery.Shares of Western Alliance Bancorp and bank and brokerage Charles Schwab Corp bucked the trend to close up 8.3% and 5%, respectively. Both stocks reversed early declines.\"In the financial markets, you just have to look at the ones that could weather through and don't have as much investment risk on their on their portfolio,\" said Jeffrey Carbone, managing partner at Cornerstone Wealth.Big U.S. banks including JPMorgan Chase & Co, Citigroup and Bank of America Corp dropped, pushing the S&P 500 banking index down 3.62%. The KBW regional banking index declined 1.57%.Most of the 11 major S&P 500 sectors were in the red, with energy the worst performer with a 5.42% fall.Declining issues outnumbered advancing ones on the NYSE by a 3.34-to-1 ratio; on Nasdaq, a 2.33-to-1 ratio favored decliners.The S&P 500 posted 3 new 52-week highs and 37 new lows; the Nasdaq Composite recorded 17 new highs and 379 new lows.","news_type":1,"symbols_score_info":{".SPX":0.6,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832259137,"gmtCreate":1629643156929,"gmtModify":1676530084706,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/832259137","repostId":"1115632642","repostType":4,"isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839609791,"gmtCreate":1629154428913,"gmtModify":1676529944813,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Rise Tiger","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Rise Tiger","text":"$Tiger Brokers(TIGR)$Rise Tiger","images":[{"img":"https://static.tigerbbs.com/151158b528de91f582d4d987bff3c03e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/839609791","isVote":1,"tweetType":1,"viewCount":954,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584997739812152","authorId":"3584997739812152","name":"Surewinner","avatar":"https://static.tigerbbs.com/d5049b7020bddebdcea8f3b550917b1c","crmLevel":11,"crmLevelSwitch":1,"idStr":"3584997739812152","authorIdStr":"3584997739812152"},"content":"I'm waiting too","text":"I'm waiting too","html":"I'm waiting too"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9940167539,"gmtCreate":1677759736522,"gmtModify":1677759739915,"author":{"id":"4090479553934560","authorId":"4090479553934560","name":"RoAd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090479553934560","authorIdStr":"4090479553934560"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940167539","repostId":"1152493387","repostType":4,"repost":{"id":"1152493387","kind":"news","pubTimestamp":1677771047,"share":"https://ttm.financial/m/news/1152493387?lang=en_US&edition=fundamental","pubTime":"2023-03-02 23:30","market":"us","language":"en","title":"Tesla Investor Day Falls Flat","url":"https://stock-news.laohu8.com/highlight/detail?id=1152493387","media":"Seeking Alpha","summary":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at","content":"<div>\n<p>SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat\">Source Link</a>\n\n</div>\n","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Investor Day Falls Flat</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\">\nTesla Investor Day Falls Flat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152493387","content_text":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the event was announced a few months ago, everyone has been waiting to hear about the company's next generation vehicle platform, as well as other items that will be key for shareholders going forward. Unfortunately, the event turned out to be more hype than anything else, and thus for TSLA stock, it was another \"buy the rumor, sell the news\" event.Perhaps the biggest piece of news was that Tesla is indeed going to build another gigafactory, this time in Mexico. There have been rumors of this location for several weeks now, as local politicians have talked about it coming and various meetings with Tesla CEO Elon Musk have been reported. There was no timeline provided for this project, but this factory will be used for the next generation vehicle platform. It will be built just outside Monterrey in Nuevo León, with Tesla's official rendering seen below.Tesla Gigafactory Mexico(Investor Day Presentation)As was expected, Tesla's future plan is about the transitioning the world to sustainable energy. This came with a large math lesson, which can be seen here if you need to know the exact details. However, the keys involve powering the grid with renewable energy sources, increasing the number of electric vehicles in use, and reducing the extraction of minerals. On the EV side, Tesla believes its next generation vehicle can be produced for 50% less, which then will allow it to become more affordable. Part of the reduction in cost is making the production process much simpler. That reduces the time it will take to build the vehicle, which then can allow for higher production over time.Investors and consumers had high hopes that Tesla would unveil its $25,000 vehicle at this week's event. This is a vehicle that Musk has teased for several years now, but it was not shown off here. Management said that this next generation platform will get a proper reveal in the future, but again, there was no timeline provided for when that will be. This more affordable vehicle is expected to be a key part of Tesla's battle in China against many local brands, so for now the company will be limited to the Model 3 and Y there.In an article I had published recently, I discussed how previous statements around full self-driving (\"FSD\") capabilities and robo-taxis could lead to significant liabilities for Tesla down the road. There were hopes that more concrete information would be delivered Wednesday about the robo-taxi platform and service, but we didn't get a lot of details outside of how FSD and Autopilot have improved over the years. There also wasn't a major discussion about FSD Hardware version 4 or whether or not it is in cars yet, so perhaps an official announcement about that will come in the coming weeks or months.Tesla did use the event to show off its latest Cybertruck prototype and focused on some of its key features. Management reiterated that production will start this year, which will be about three years late. However, there was some disappointment that no official timeline was given, and Tesla didn't update on the price of the vehicle. Mass production won't occur until 2024 at the earliest, so investors shouldn't be banking on a major contribution to overall results in the next couple of quarters.One of the biggest disappointments for shareholders in the near term was the financial discussion. Tesla CFO Zach Kirkhorn discussed how the company's working capital needs to bounce around throughout the quarter, and what the cost of this sustainable energy future will cost. As a result, there was no official announcement of a share repurchase plan that would at least offset some of the dilution investors are facing over time. This has been a key part of the bull case in recent months, with some major Tesla fans and investors pushing the company to put its large cash pile to use. For now, however, the plan is to build the business, and then return capital afterwards.I have listened to many of Tesla's presentations and quarterly earnings calls, and this one was perhaps the most painful. The main presentation featured at least 10 key parts and was over two and a half hours long, and I counted at least 17 different executives that spoke. There was a lot of discussion about things that have already happened in Tesla, much of which I don't think needed to be regurgitated. For example, we didn't need to hear for a few minutes how a Tesla produces less emissions than a Toyota Corolla. The average investor doesn't need to know every single detail about how Tesla reacted to some event from several years ago or every last technical specification about certain vehicle components.I mentioned that this event was another example of buy the rumor, sell the news. Tesla shares had more than doubled from their early 2023 lows, partially on the hopes for this week's event. Unfortunately, the lack of critical details on many fronts left investors with a sour taste. As the chart below shows, selling in the after-hours session started almost immediately once the event started, ended with a loss of 5.66% or nearly $11.50 a share.Tesla March 1st Trading (CNBC)In the end, Tesla's Investor Day was more fluff than anything else. The company is certainly making progress on some of its goals, but investors wanted to hear more specific details about upcoming products, a potential buyback, etc. The presentation was just too long and wordy for the average investor, which may have fueled some of the selling in the after-hours session. Given the lack of key details, it wouldn't surprise me if there's more selling in the near term until Tesla opens things up a bit.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}