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2022-12-16

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2022-12-16

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Meme-Stock Influencers Charged in $114 Million Fraud Scheme

2022-12-16

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Hong Kong Raises Interest Rates After Fed as Economy Slumps

2022-12-16

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Hong Kong Raises Interest Rates After Fed as Economy Slumps

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[Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026740","repostId":"1160808621","repostType":4,"repost":{"id":"1160808621","kind":"news","pubTimestamp":1671061894,"share":"https://ttm.financial/m/news/1160808621?lang=&edition=fundamental","pubTime":"2022-12-15 07:51","market":"us","language":"en","title":"Meme-Stock Influencers Charged in $114 Million Fraud Scheme","url":"https://stock-news.laohu8.com/highlight/detail?id=1160808621","media":"Bloomberg","summary":"Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pand","content":"<html><head></head><body><ul><li>Federal prosecutors accuse eight men of ‘pump and dump’ fraud</li><li>‘MrZackMorris’ gained followers in pandemic stock trading boom</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0fd7599906b5a58b725dc274632d8a9\" tg-width=\"1000\" tg-height=\"696\" width=\"100%\" height=\"auto\"/><span>Source: Getty Images</span></p><p>Social media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme.</p><p>Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston.</p><p>Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000.</p><p>The shares they hyped were in little-known companies including GTT Communications Inc., Surface Oncology Inc. and Universe Pharmaceuticals Inc., according to the indictment. Prosecutors said the scheme ran from January 2020 to April 2022.</p><p>The MrZackMorris account took off during the pandemic-induced stock trading frenzy that spurred a rally in so called meme-stocks like GameStop and AMC. Constantinescu, an immigrant from Romania, attracted thousands of retail traders to his Discord group by pitching his stock trading tips and recommendations.</p><p>Such practices took off during the pandemic across social media platforms, both from amateur and professional traders, who sought to cater to the demand for stock analysis. In a Twitter Spaces appearance last year, Constantinescu attributed his success in retail trading to AMC, which was one of the stocks he often promoted.</p><p>Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”).</p><p>Lawyers for the eight men couldn’t immediately be located for comment.</p><p>According to the government, the defendants falsely told their followers that they planned to hold stocks for the long term, were increasing their positions or aiming to hit higher price targets.</p><p>Matlock allegedly told Atlas members in November 2020 that he did “NOT post plays so I can scalp 2 cents on my followers like they want you to believe.”</p><p>“I WOULDN’T BE HERE IF I DID THAT. . . . My GOAL is to help THIS group [make] money and help make THIS group successful,” he said, according to the indictment.</p><p>In actuality, Matlock and the others were selling their shares at artificially inflated prices, prosecutors claim.</p><p>The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston).</p></body></html>","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>Meme-Stock Influencers Charged in $114 Million Fraud Scheme</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\">\nMeme-Stock Influencers Charged in $114 Million Fraud Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 07:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pandemic stock trading boomSource: Getty ImagesSocial media influencer @MrZackMorris and several others ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BBBY":"3B家居","AMC":"AMC院线"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160808621","content_text":"Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pandemic stock trading boomSource: Getty ImagesSocial media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme.Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston.Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000.The shares they hyped were in little-known companies including GTT Communications Inc., Surface Oncology Inc. and Universe Pharmaceuticals Inc., according to the indictment. Prosecutors said the scheme ran from January 2020 to April 2022.The MrZackMorris account took off during the pandemic-induced stock trading frenzy that spurred a rally in so called meme-stocks like GameStop and AMC. Constantinescu, an immigrant from Romania, attracted thousands of retail traders to his Discord group by pitching his stock trading tips and recommendations.Such practices took off during the pandemic across social media platforms, both from amateur and professional traders, who sought to cater to the demand for stock analysis. In a Twitter Spaces appearance last year, Constantinescu attributed his success in retail trading to AMC, which was one of the stocks he often promoted.Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”).Lawyers for the eight men couldn’t immediately be located for comment.According to the government, the defendants falsely told their followers that they planned to hold stocks for the long term, were increasing their positions or aiming to hit higher price targets.Matlock allegedly told Atlas members in November 2020 that he did “NOT post plays so I can scalp 2 cents on my followers like they want you to believe.”“I WOULDN’T BE HERE IF I DID THAT. . . . My GOAL is to help THIS group [make] money and help make THIS group successful,” he said, according to the indictment.In actuality, Matlock and the others were selling their shares at artificially inflated prices, prosecutors claim.The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston).","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928026698,"gmtCreate":1671153444415,"gmtModify":1676538499742,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"Tiger","listText":"Tiger","text":"Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026698","repostId":"1157412716","repostType":4,"repost":{"id":"1157412716","kind":"news","pubTimestamp":1671063266,"share":"https://ttm.financial/m/news/1157412716?lang=&edition=fundamental","pubTime":"2022-12-15 08:14","market":"hk","language":"en","title":"Hong Kong Raises Interest Rates After Fed as Economy Slumps","url":"https://stock-news.laohu8.com/highlight/detail?id=1157412716","media":"Bloomberg","summary":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, mo","content":"<html><head></head><body><p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.</p><p>The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.</p><p>Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.</p><p>The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.</p><p>Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.</p><p>There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.</p><p>The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.</p><p>Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.</p></body></html>","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>Hong Kong Raises Interest Rates After Fed as Economy Slumps</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\">\nHong Kong Raises Interest Rates After Fed as Economy Slumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75%...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157412716","content_text":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.","news_type":1},"isVote":1,"tweetType":1,"viewCount":6,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928026163,"gmtCreate":1671153417552,"gmtModify":1676538499739,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"Hi test","listText":"Hi test","text":"Hi test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026163","repostId":"1157412716","repostType":4,"repost":{"id":"1157412716","kind":"news","pubTimestamp":1671063266,"share":"https://ttm.financial/m/news/1157412716?lang=&edition=fundamental","pubTime":"2022-12-15 08:14","market":"hk","language":"en","title":"Hong Kong Raises Interest Rates After Fed as Economy Slumps","url":"https://stock-news.laohu8.com/highlight/detail?id=1157412716","media":"Bloomberg","summary":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, mo","content":"<html><head></head><body><p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.</p><p>The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.</p><p>Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.</p><p>The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.</p><p>Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.</p><p>There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.</p><p>The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.</p><p>Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.</p></body></html>","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>Hong Kong Raises Interest Rates After Fed as Economy Slumps</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\">\nHong Kong Raises Interest Rates After Fed as Economy Slumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75%...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157412716","content_text":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9928050812,"gmtCreate":1671153942736,"gmtModify":1676538499906,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>Ff","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>Ff","text":"$Apple(AAPL)$ Ff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928050812","isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928026740,"gmtCreate":1671153472780,"gmtModify":1676538499754,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"&nbsp;[Angry]&nbsp;[Angry]&nbsp;[Angry]&nbsp;[Angry]&nbsp;","listText":"&nbsp;[Angry]&nbsp;[Angry]&nbsp;[Angry]&nbsp;[Angry]&nbsp;","text":"[Angry] [Angry] [Angry] [Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026740","repostId":"1160808621","repostType":4,"repost":{"id":"1160808621","kind":"news","pubTimestamp":1671061894,"share":"https://ttm.financial/m/news/1160808621?lang=&edition=fundamental","pubTime":"2022-12-15 07:51","market":"us","language":"en","title":"Meme-Stock Influencers Charged in $114 Million Fraud Scheme","url":"https://stock-news.laohu8.com/highlight/detail?id=1160808621","media":"Bloomberg","summary":"Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pand","content":"<html><head></head><body><ul><li>Federal prosecutors accuse eight men of ‘pump and dump’ fraud</li><li>‘MrZackMorris’ gained followers in pandemic stock trading boom</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0fd7599906b5a58b725dc274632d8a9\" tg-width=\"1000\" tg-height=\"696\" width=\"100%\" height=\"auto\"/><span>Source: Getty Images</span></p><p>Social media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme.</p><p>Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston.</p><p>Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000.</p><p>The shares they hyped were in little-known companies including GTT Communications Inc., Surface Oncology Inc. and Universe Pharmaceuticals Inc., according to the indictment. Prosecutors said the scheme ran from January 2020 to April 2022.</p><p>The MrZackMorris account took off during the pandemic-induced stock trading frenzy that spurred a rally in so called meme-stocks like GameStop and AMC. Constantinescu, an immigrant from Romania, attracted thousands of retail traders to his Discord group by pitching his stock trading tips and recommendations.</p><p>Such practices took off during the pandemic across social media platforms, both from amateur and professional traders, who sought to cater to the demand for stock analysis. In a Twitter Spaces appearance last year, Constantinescu attributed his success in retail trading to AMC, which was one of the stocks he often promoted.</p><p>Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”).</p><p>Lawyers for the eight men couldn’t immediately be located for comment.</p><p>According to the government, the defendants falsely told their followers that they planned to hold stocks for the long term, were increasing their positions or aiming to hit higher price targets.</p><p>Matlock allegedly told Atlas members in November 2020 that he did “NOT post plays so I can scalp 2 cents on my followers like they want you to believe.”</p><p>“I WOULDN’T BE HERE IF I DID THAT. . . . My GOAL is to help THIS group [make] money and help make THIS group successful,” he said, according to the indictment.</p><p>In actuality, Matlock and the others were selling their shares at artificially inflated prices, prosecutors claim.</p><p>The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston).</p></body></html>","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>Meme-Stock Influencers Charged in $114 Million Fraud Scheme</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\">\nMeme-Stock Influencers Charged in $114 Million Fraud Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 07:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pandemic stock trading boomSource: Getty ImagesSocial media influencer @MrZackMorris and several others ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BBBY":"3B家居","AMC":"AMC院线"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160808621","content_text":"Federal prosecutors accuse eight men of ‘pump and dump’ fraud‘MrZackMorris’ gained followers in pandemic stock trading boomSource: Getty ImagesSocial media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme.Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston.Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000.The shares they hyped were in little-known companies including GTT Communications Inc., Surface Oncology Inc. and Universe Pharmaceuticals Inc., according to the indictment. Prosecutors said the scheme ran from January 2020 to April 2022.The MrZackMorris account took off during the pandemic-induced stock trading frenzy that spurred a rally in so called meme-stocks like GameStop and AMC. Constantinescu, an immigrant from Romania, attracted thousands of retail traders to his Discord group by pitching his stock trading tips and recommendations.Such practices took off during the pandemic across social media platforms, both from amateur and professional traders, who sought to cater to the demand for stock analysis. In a Twitter Spaces appearance last year, Constantinescu attributed his success in retail trading to AMC, which was one of the stocks he often promoted.Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”).Lawyers for the eight men couldn’t immediately be located for comment.According to the government, the defendants falsely told their followers that they planned to hold stocks for the long term, were increasing their positions or aiming to hit higher price targets.Matlock allegedly told Atlas members in November 2020 that he did “NOT post plays so I can scalp 2 cents on my followers like they want you to believe.”“I WOULDN’T BE HERE IF I DID THAT. . . . My GOAL is to help THIS group [make] money and help make THIS group successful,” he said, according to the indictment.In actuality, Matlock and the others were selling their shares at artificially inflated prices, prosecutors claim.The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston).","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928026698,"gmtCreate":1671153444415,"gmtModify":1676538499742,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"Tiger","listText":"Tiger","text":"Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026698","repostId":"1157412716","repostType":4,"repost":{"id":"1157412716","kind":"news","pubTimestamp":1671063266,"share":"https://ttm.financial/m/news/1157412716?lang=&edition=fundamental","pubTime":"2022-12-15 08:14","market":"hk","language":"en","title":"Hong Kong Raises Interest Rates After Fed as Economy Slumps","url":"https://stock-news.laohu8.com/highlight/detail?id=1157412716","media":"Bloomberg","summary":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, mo","content":"<html><head></head><body><p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.</p><p>The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.</p><p>Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.</p><p>The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.</p><p>Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.</p><p>There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.</p><p>The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.</p><p>Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.</p></body></html>","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>Hong Kong Raises Interest Rates After Fed as Economy Slumps</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\">\nHong Kong Raises Interest Rates After Fed as Economy Slumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75%...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157412716","content_text":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.","news_type":1},"isVote":1,"tweetType":1,"viewCount":6,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928026163,"gmtCreate":1671153417552,"gmtModify":1676538499739,"author":{"id":"4133586647222042","authorId":"4133586647222042","name":"Mickey79","avatar":"https://community-static.tradeup.com/news/2cfff62ac438702e422fbab2d1501285","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133586647222042","authorIdStr":"4133586647222042"},"themes":[],"htmlText":"Hi test","listText":"Hi test","text":"Hi test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928026163","repostId":"1157412716","repostType":4,"repost":{"id":"1157412716","kind":"news","pubTimestamp":1671063266,"share":"https://ttm.financial/m/news/1157412716?lang=&edition=fundamental","pubTime":"2022-12-15 08:14","market":"hk","language":"en","title":"Hong Kong Raises Interest Rates After Fed as Economy Slumps","url":"https://stock-news.laohu8.com/highlight/detail?id=1157412716","media":"Bloomberg","summary":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, mo","content":"<html><head></head><body><p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.</p><p>The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.</p><p>Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.</p><p>The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.</p><p>Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.</p><p>There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.</p><p>The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.</p><p>Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.</p></body></html>","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>Hong Kong Raises Interest Rates After Fed as Economy Slumps</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\">\nHong Kong Raises Interest Rates After Fed as Economy Slumps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75%...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-12-14/hong-kong-raises-interest-rates-after-fed-as-economy-slumps","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157412716","content_text":"The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, moving in lockstep with the US Federal Reserve.The base rate was increased by 50 basis points to 4.75% on Thursday after the Fed boosted its rate by the same magnitude to fight inflation. Hong Kong raises rates in line with the Fed due to the local currency’s peg to the greenback.Eyes will now turn to Hong Kong’s biggest banks, including HSBC Holdings Plc and Standard Chartered Plc, to see if they will hike their prime rates later today for the third time this year.The city’s higher borrowing costs come as the economy caps off a tough year, with the government forecasting a 3.2% gross domestic product contraction for 2022 on weak global demand and the slow dismantling of pandemic restrictions.Higher rates have also helped drive Hong Kong’s property market into araredownturn, with prices of residential properties and rent for office space slumping.There are some signs of recovery, though, as Hong Kong continues removing Covid-related movement curbs and as mainland China begins to reopen. The city could see an estimated 7.6% boost to GDP as exports and tourism income climbs, Goldman Sachs Group Inc. economists wrote this week.The Fed’s aggressive monetary tightening this year, though, has raised concerns about Hong Kong’s linked exchange rate system, including its sustainability and relevance. Last month, Bill Ackman, founder of US hedge fund Pershing Square Capital Management, said that the mechanism no longer made sense for the city.Hong Kong’s de-facto central bank, though, has said that it does not need or intend to change the system, citing strong buffers and deep liquidity in the banking system.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}