Profile - To The Moon

darrenwm

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- darrenwmdarrenwm
  ·04-02
  World leaders to short this stock to punish trump
  Trump Media Shares Sink After President Kicks off Sale of $2.3Bn Stake
  Earlier this week TMTG became the first group to list on the New York Stock Exchange’s Texas platform, though its primary listing will remain on Nasdaq.The stock had become a popular way for individual investors to show their support for the president, despite TMTG reporting a net loss of $19.2mn in the third quarter. In October, the company said it had approximately 650,000 shareholders “with a unique profile overwhelmingly comprising retail investors”.“Only roughly 2,100 investors owned more t
  Trump Media Shares Sink After President Kicks off Sale of $2.3Bn Stake
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- darrenwmdarrenwm
  ·2023-06-08
  6 months ago when meta is like below 100. Analystsaid it was a trash stock. Oh well.
  Sorry, this post has been deleted
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- darrenwmdarrenwm
  ·2023-05-01
  When Meta was below 100, all the analysts were saying Meta is trash. Well
  Sorry, this post has been deleted
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- darrenwmdarrenwm
  ·2023-02-07
  $03690.SPO(03690.SPO)$ How to sell this free stock
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- darrenwmdarrenwm
  ·2022-12-17
  Elon should just stop twittering.
  Sorry, this post has been deleted
  945 1
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- darrenwmdarrenwm
  ·2022-06-27
  Bear bear
  Sorry, this post has been deleted
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- darrenwmdarrenwm
  ·2022-06-22
  $S&P 500(.SPX)$ i think it will be lower than 3500
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- darrenwmdarrenwm
  ·2022-06-21
  Ok
  US STOCKS-Wall Street Gains Over 2% in Broad Rebound
  Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap grow
  US STOCKS-Wall Street Gains Over 2% in Broad Rebound
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- darrenwmdarrenwm
  ·2022-06-10
  Deep deep red
  Inflation Rose 8.6% in May, Highest Since 1981
  KEY POINTSThe consumer price index rose 8.6% in May from a year ago, the highest increase since Dece
  Inflation Rose 8.6% in May, Highest Since 1981
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leaders to short this stock to punish trump&nbsp;","listText":"World leaders to short this stock to punish trump&nbsp;","text":"World leaders to short this stock to punish trump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/420269313101904","repostId":"1198189638","repostType":2,"repost":{"id":"1198189638","kind":"news","pubTimestamp":1743603035,"share":"https://ttm.financial/m/news/1198189638?lang=&edition=full_marsco","pubTime":"2025-04-02 22:10","market":"us","language":"en","title":"Trump Media Shares Sink After President Kicks off Sale of $2.3Bn Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1198189638","media":"The Financial Times","summary":"Earlier this week TMTG became the first group to list on the New York Stock Exchange’s Texas platform, though its primary listing will remain on Nasdaq.The stock had become a popular way for individual investors to show their 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The stake is worth about $2.3bn and held in a trust controlled by his son Donald Trump Jr.</p><p>Existing shareholders including the president and a Cayman Islands-registered company called Yorkville will seek to sell a total of 134mn shares, the filing shows. TMTG also plans to issue 8.4mn new shares.</p><p>Shares in TMTG, which trades under the ticker DJT, have plunged more than 40 per cent this year amid a US stock market sell-off fuelled by the president’s aggressive trade agenda and concerns that the levies on some of America’s key trading partners will weigh on the world’s largest economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8a87aed9663de8a67e9bf2b45c3cfb39\" title=\"\" tg-width=\"833\" tg-height=\"767\"/></p><p>Later on Wednesday, which he has dubbed “liberation day”, Trump will announce his new “reciprocal” tariffs on foreign countries in a ceremony in the Rose Garden of the White House.</p><p>In September, DJT surged after Trump said he did not plan to sell any of his own shares in the company. Trading in the stock was temporarily halted by Nasdaq later that day. </p><p>Trump later accused Nasdaq of “taking orders from” the SEC. Writing on Truth Social, the president said at the time: “What right do [Nasdaq] have to do this? They have done it twice today. What’s going on?”  </p><p>Earlier this week TMTG became the first group to list on the New York Stock Exchange’s Texas platform, though its primary listing will remain on Nasdaq.</p><p>The stock had become a popular way for individual investors to show their support for the president, despite TMTG reporting a net loss of $19.2mn in the third quarter. In October, the company said it had approximately 650,000 shareholders “with a unique profile overwhelmingly comprising retail investors”.</p><p>“Only roughly 2,100 investors owned more than 5,000 shares, and fewer than 1,000 investors owned more than 10,000 shares,” the company said.</p><p><strong>Trump Media released the following statement in response to inaccurate stories about its filing of a registration statement on form S-3 with the U.S. Securities and Exchange Commission:</strong></p><p style=\"text-align: start;\"><strong>&#34;</strong>Legacy media outlets are spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG. To be clear, these shares were already registered last June on an S-1 form, and today TMTG submitted a routine filing that re-registers them on an S-3 form in order to keep the Company&#39;s filings effective. In fact, there currently is no open window for any affiliate to sell shares.&#34;</p><p>Trump Media shares trimmed their losses after the statement.</p></body></html>","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>Trump Media Shares Sink After President Kicks off Sale of $2.3Bn Stake</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\">\nTrump Media Shares Sink After President Kicks off Sale of $2.3Bn Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-02 22:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/1b41e7c2-c835-4aa0-b874-6f8a8add107e><strong>The Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Donald Trump’s social media company slumped after the president opened the door to selling his entire $2.3bn stake, just as global investors are bracing themselves for his “liberation day” tariffs....</p>\n\n<a href=\"https://www.ft.com/content/1b41e7c2-c835-4aa0-b874-6f8a8add107e\">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.ft.com/content/1b41e7c2-c835-4aa0-b874-6f8a8add107e","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198189638","content_text":"Donald Trump’s social media company slumped after the president opened the door to selling his entire $2.3bn stake, just as global investors are bracing themselves for his “liberation day” tariffs.Shares in Trump Media and Technology Group, which operates Truth Social, fell as much as 8.4% early on Wednesday after the company said in a filing with regulators that it planned to sell more than 142mn shares.The filing with the Securities and Exchange Commission late on Tuesday showed that Trump’s 114mn shares are included in the sale, which will take place “from time to time in one or more offerings”. The stake is worth about $2.3bn and held in a trust controlled by his son Donald Trump Jr.Existing shareholders including the president and a Cayman Islands-registered company called Yorkville will seek to sell a total of 134mn shares, the filing shows. TMTG also plans to issue 8.4mn new shares.Shares in TMTG, which trades under the ticker DJT, have plunged more than 40 per cent this year amid a US stock market sell-off fuelled by the president’s aggressive trade agenda and concerns that the levies on some of America’s key trading partners will weigh on the world’s largest economy.Later on Wednesday, which he has dubbed “liberation day”, Trump will announce his new “reciprocal” tariffs on foreign countries in a ceremony in the Rose Garden of the White House.In September, DJT surged after Trump said he did not plan to sell any of his own shares in the company. Trading in the stock was temporarily halted by Nasdaq later that day. Trump later accused Nasdaq of “taking orders from” the SEC. Writing on Truth Social, the president said at the time: “What right do [Nasdaq] have to do this? They have done it twice today. What’s going on?”  Earlier this week TMTG became the first group to list on the New York Stock Exchange’s Texas platform, though its primary listing will remain on Nasdaq.The stock had become a popular way for individual investors to show their support for the president, despite TMTG reporting a net loss of $19.2mn in the third quarter. In October, the company said it had approximately 650,000 shareholders “with a unique profile overwhelmingly comprising retail investors”.“Only roughly 2,100 investors owned more than 5,000 shares, and fewer than 1,000 investors owned more than 10,000 shares,” the company said.Trump Media released the following statement in response to inaccurate stories about its filing of a registration statement on form S-3 with the U.S. Securities and Exchange Commission:\"Legacy media outlets are spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG. To be clear, these shares were already registered last June on an S-1 form, and today TMTG submitted a routine filing that re-registers them on an S-3 form in order to keep the Company's filings effective. In fact, there currently is no open window for any affiliate to sell shares.\"Trump Media shares trimmed their losses after the statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184966452793352,"gmtCreate":1686197099197,"gmtModify":1686197346798,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"6 months ago when meta is like below 100. Analystsaid it was a trash stock. Oh well.&nbsp;","listText":"6 months ago when meta is like below 100. Analystsaid it was a trash stock. Oh well.&nbsp;","text":"6 months ago when meta is like below 100. Analystsaid it was a trash stock. Oh well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184966452793352","repostId":"2341205384","repostType":2,"isVote":1,"tweetType":1,"viewCount":710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947864503,"gmtCreate":1682939067002,"gmtModify":1682941085956,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"When Meta was below 100, all the analysts were saying Meta is trash. Well","listText":"When Meta was below 100, all the analysts were saying Meta is trash. Well","text":"When Meta was below 100, all the analysts were saying Meta is trash. Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947864503","repostId":"2332464537","repostType":2,"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955767886,"gmtCreate":1675777717346,"gmtModify":1675777723124,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03690.SPO\">$03690.SPO(03690.SPO)$&nbsp;</a>How to sell this free stock","listText":"<a href=\"https://ttm.financial/S/03690.SPO\">$03690.SPO(03690.SPO)$&nbsp;</a>How to sell this free stock","text":"$03690.SPO(03690.SPO)$ How to sell this free stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955767886","isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928629438,"gmtCreate":1671268243324,"gmtModify":1676538517890,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"Elon should just stop twittering.&nbsp;","listText":"Elon should just stop twittering.&nbsp;","text":"Elon should just stop twittering.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928629438","repostId":"2292004292","repostType":4,"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046849279,"gmtCreate":1656334686891,"gmtModify":1676535807772,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"Bear bear&nbsp;","listText":"Bear bear&nbsp;","text":"Bear bear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046849279","repostId":"1130617326","repostType":4,"isVote":1,"tweetType":1,"viewCount":995,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9043350581,"gmtCreate":1655877313643,"gmtModify":1676535724260,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> i&nbsp;think it will be lower than 3500","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> i&nbsp;think it will be lower than 3500","text":"$S&P 500(.SPX)$ i think it will be lower than 3500","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043350581","isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049728232,"gmtCreate":1655852969226,"gmtModify":1676535715966,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049728232","repostId":"2245254247","repostType":4,"repost":{"id":"2245254247","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":1655852518,"share":"https://ttm.financial/m/news/2245254247?lang=&edition=full_marsco","pubTime":"2022-06-22 07:01","market":"us","language":"en","title":"US STOCKS-Wall Street Gains Over 2% in Broad Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2245254247","media":"Reuters","summary":"Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap grow","content":"<html><head></head><body><p>Wall Street&#39;s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.</p><p>All 11 major S&amp;P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.</p><p>Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&amp;P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.</p><p>&#34;Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;But I do think it is a good sign to see investor interest.&#34;</p><p>The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&amp;P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.</p><p>The energy sector, the top-gaining S&amp;P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.</p><p>Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&amp;P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.</p><p>The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.</p><p>Investors are pivoting to Fed Chair Jerome Powell&#39;s testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.</p><p>Investors are &#34;trying to read the tea leaves to see how aggressive the Fed is going to get,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. &#34;That&#39;s a hard question to answer right now because they are going to see what happens to the inflation story.&#34;</p><p>Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.</p><p>In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines&#39; proposal.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.</p><p>About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.</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 Gains Over 2% in Broad Rebound</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\">\nUS STOCKS-Wall Street Gains Over 2% in Broad Rebound\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\">2022-06-22 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street&#39;s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.</p><p>All 11 major S&amp;P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.</p><p>Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&amp;P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.</p><p>&#34;Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,&#34; said Kristina Hooper, chief global market strategist at Invesco. &#34;But I do think it is a good sign to see investor interest.&#34;</p><p>The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&amp;P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.</p><p>The energy sector, the top-gaining S&amp;P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.</p><p>Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&amp;P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.</p><p>The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.</p><p>Investors are pivoting to Fed Chair Jerome Powell&#39;s testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.</p><p>Investors are &#34;trying to read the tea leaves to see how aggressive the Fed is going to get,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. &#34;That&#39;s a hard question to answer right now because they are going to see what happens to the inflation story.&#34;</p><p>Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.</p><p>In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines&#39; proposal.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.</p><p>About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2245254247","content_text":"Wall Street's major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.All 11 major S&P 500    sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.Investors are trying to assess how far stocks can fall as they weigh risks to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&P 500 earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.\"Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time,\" said Kristina Hooper, chief global market strategist at Invesco. \"But I do think it is a good sign to see investor interest.\"The Dow Jones Industrial Average rose 641.47 points, or 2.15%, to 30,530.25, and the S&P 500 gained 89.95 points, or 2.45%, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51%, at 11,069.30.The energy sector, the top-gaining S&P 500 sector this year, surged 5.1% after tumbling last week. Every sector gained at least 1%.Megacap stocks Apple Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&P 500. Apple rose 3.3%, Tesla jumped 9.4% and Microsoft added 2.5%.The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.Investors are pivoting to Fed Chair Jerome Powell's testimony to the U.S. Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.Investors are \"trying to read the tea leaves to see how aggressive the Fed is going to get,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. \"That's a hard question to answer right now because they are going to see what happens to the inflation story.\"Meanwhile, Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.In company news, Kellogg Co shares rose about 2% after the breakfast cereal maker said it was splitting into three companies.Spirit Airlines shares jumped 7.9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines' proposal.Advancing issues outnumbered decliners on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 32 new lows; the Nasdaq Composite recorded 37 new highs and 122 new lows.About 12.4 billion shares changed hands in U.S. exchanges, in line with the 12.4 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058568130,"gmtCreate":1654865679520,"gmtModify":1676535524762,"author":{"id":"3572227144595771","authorId":"3572227144595771","name":"darrenwm","avatar":"https://community-static.tradeup.com/news/38eafb2ad6c6a2807d328f54b9131258","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3572227144595771","authorIdStr":"3572227144595771"},"themes":[],"htmlText":"Deep deep red","listText":"Deep deep red","text":"Deep deep red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058568130","repostId":"1111306345","repostType":4,"repost":{"id":"1111306345","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":1654864238,"share":"https://ttm.financial/m/news/1111306345?lang=&edition=full_marsco","pubTime":"2022-06-10 20:30","market":"us","language":"en","title":"Inflation Rose 8.6% in May, Highest Since 1981","url":"https://stock-news.laohu8.com/highlight/detail?id=1111306345","media":"Tiger Newspress","summary":"KEY POINTSThe consumer price index rose 8.6% in May from a year ago, the highest increase since Dece","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.</li><li>Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.</li><li>Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.</li><li>The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.</li></ul><p>Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.</p><p>The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.</p><p>On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%.</p><p>Surging shelter, gasoline and food prices all contributed to the increase.</p><p>Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%.</p><p>Shelter costs, which account for about a one-third weighting on the CPI, rose 0.6% for the month, the fastest one-month gain since March 2004. The 5.5% 12-month gain is the most since February 1991.</p><p>Finally, food costs climbed another 1.2% in May, bringing the year-over-year gain to 10.1%.</p><p>Those escalating prices meant workers took another pay cut during the month. Real wages when accounting for inflation fell 0.6% in April, even though average hourly earnings rose 0.3%, according to a separate BLS release. On a 12-month basis, real average hourly earnings were down 3%.</p><p>Markets reacted negatively to the report, with stock futures indicating a sharply lower open on Wall Street and government bond yields rising.</p><p>“It’s hard to look at May’s inflation data and not be disappointed,” said Morning Consult chief economist John Leer. “We’re just not yet seeing any signs that we’re in the clear.”</p><p>Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). The vehicle costs had been considered a bellwether of the inflation surge and had been falling for the past three months, so the increase is a potentially ominous sign, as used vehicle prices are now up 16.1% over the past year. New vehicle prices rose 1% in May.</p><p>Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession.</p><p>The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead.</p><p>“Obviously, nothing is good in this report,” said Julian Brigden, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.”</p><p>With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates.</p><p>Inflation has been a political headache for the White House and President Joe Biden.</p><p>Administration officials pin most of the blame for the surge on supply chain issues related to the Covid pandemic, imbalances created by outsized demand for goods over services, and the Russian attack on Ukraine.</p><p>In a recent Wall Street Journal op-ed, Biden said he will push for further improvements to supply chains and continue efforts to bring down the budget deficit.</p><p>However, he and Treasury Secretary Janet Yellen both have emphasized that much of the responsibility for lowering inflation belongs to the Fed. The administration has largely denied that the trillions of dollars directed toward Covid aid played a major role.</p><p>How much the central bank will have to raise rates remains to be seen. Former Treasury Secretary Larry Summers recently released a white paper with a team of other economists that suggests the Fed will need to go further than many are anticipating. The paper asserts that the current inflation predicament is closer to the 1980s situation than it appears because of differences in the ways that CPI is computed then and now.</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>Inflation Rose 8.6% in May, Highest Since 1981</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\">\nInflation Rose 8.6% in May, Highest Since 1981\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\">2022-06-10 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KEY POINTS</p><ul><li>The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.</li><li>Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.</li><li>Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.</li><li>The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.</li></ul><p>Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.</p><p>The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.</p><p>On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%.</p><p>Surging shelter, gasoline and food prices all contributed to the increase.</p><p>Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%.</p><p>Shelter costs, which account for about a one-third weighting on the CPI, rose 0.6% for the month, the fastest one-month gain since March 2004. The 5.5% 12-month gain is the most since February 1991.</p><p>Finally, food costs climbed another 1.2% in May, bringing the year-over-year gain to 10.1%.</p><p>Those escalating prices meant workers took another pay cut during the month. Real wages when accounting for inflation fell 0.6% in April, even though average hourly earnings rose 0.3%, according to a separate BLS release. On a 12-month basis, real average hourly earnings were down 3%.</p><p>Markets reacted negatively to the report, with stock futures indicating a sharply lower open on Wall Street and government bond yields rising.</p><p>“It’s hard to look at May’s inflation data and not be disappointed,” said Morning Consult chief economist John Leer. “We’re just not yet seeing any signs that we’re in the clear.”</p><p>Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). The vehicle costs had been considered a bellwether of the inflation surge and had been falling for the past three months, so the increase is a potentially ominous sign, as used vehicle prices are now up 16.1% over the past year. New vehicle prices rose 1% in May.</p><p>Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession.</p><p>The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead.</p><p>“Obviously, nothing is good in this report,” said Julian Brigden, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.”</p><p>With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates.</p><p>Inflation has been a political headache for the White House and President Joe Biden.</p><p>Administration officials pin most of the blame for the surge on supply chain issues related to the Covid pandemic, imbalances created by outsized demand for goods over services, and the Russian attack on Ukraine.</p><p>In a recent Wall Street Journal op-ed, Biden said he will push for further improvements to supply chains and continue efforts to bring down the budget deficit.</p><p>However, he and Treasury Secretary Janet Yellen both have emphasized that much of the responsibility for lowering inflation belongs to the Fed. The administration has largely denied that the trillions of dollars directed toward Covid aid played a major role.</p><p>How much the central bank will have to raise rates remains to be seen. Former Treasury Secretary Larry Summers recently released a white paper with a team of other economists that suggests the Fed will need to go further than many are anticipating. The paper asserts that the current inflation predicament is closer to the 1980s situation than it appears because of differences in the ways that CPI is computed then and now.</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":"1111306345","content_text":"KEY POINTSThe consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%.Surging shelter, gasoline and food prices all contributed to the increase.Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%.Shelter costs, which account for about a one-third weighting on the CPI, rose 0.6% for the month, the fastest one-month gain since March 2004. The 5.5% 12-month gain is the most since February 1991.Finally, food costs climbed another 1.2% in May, bringing the year-over-year gain to 10.1%.Those escalating prices meant workers took another pay cut during the month. Real wages when accounting for inflation fell 0.6% in April, even though average hourly earnings rose 0.3%, according to a separate BLS release. On a 12-month basis, real average hourly earnings were down 3%.Markets reacted negatively to the report, with stock futures indicating a sharply lower open on Wall Street and government bond yields rising.“It’s hard to look at May’s inflation data and not be disappointed,” said Morning Consult chief economist John Leer. “We’re just not yet seeing any signs that we’re in the clear.”Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). The vehicle costs had been considered a bellwether of the inflation surge and had been falling for the past three months, so the increase is a potentially ominous sign, as used vehicle prices are now up 16.1% over the past year. New vehicle prices rose 1% in May.Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession.The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead.“Obviously, nothing is good in this report,” said Julian Brigden, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.”With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates.Inflation has been a political headache for the White House and President Joe Biden.Administration officials pin most of the blame for the surge on supply chain issues related to the Covid pandemic, imbalances created by outsized demand for goods over services, and the Russian attack on Ukraine.In a recent Wall Street Journal op-ed, Biden said he will push for further improvements to supply chains and continue efforts to bring down the budget deficit.However, he and Treasury Secretary Janet Yellen both have emphasized that much of the responsibility for lowering inflation belongs to the Fed. The administration has largely denied that the trillions of dollars directed toward Covid aid played a major role.How much the central bank will have to raise rates remains to be seen. Former Treasury Secretary Larry Summers recently released a white paper with a team of other economists that suggests the Fed will need to go further than many are anticipating. The paper asserts that the current inflation predicament is closer to the 1980s situation than it appears because of differences in the ways that CPI is computed then and now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}