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- IrfaanIrfaan
  ·2021-02-19
  Another one
  Baidu picks CEO for electric car firm, expects launch in 3 years
  Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car
  Baidu picks CEO for electric car firm, expects launch in 3 years
  242 评论
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- IrfaanIrfaan
  ·2021-02-16
  🚀
  With Biden going big, Wall Street economists are growing bullish on the US economy
  New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl
  With Biden going big, Wall Street economists are growing bullish on the US economy
  221 评论
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- IrfaanIrfaan
  ·2021-02-10
  Amazon is not going anywhere. 🚀🚀🚀
  非常抱歉，此主贴已删除
  182 评论
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- IrfaanIrfaan
  ·2021-02-08
  The next tesla is TESLA!
  非常抱歉，此主贴已删除
  326 评论
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- IrfaanIrfaan
  ·2021-02-08
  Just bought more tesla stocks. DOLLAR COST AVERAGE!
  591 评论
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- IrfaanIrfaan
  ·2021-02-08
  Hope the switch to renewable happens soon.
  非常抱歉，此主贴已删除
  276 评论
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- IrfaanIrfaan
  ·2021-02-05
  Damn I didn't consider the carbon footprint... Hope we change to renewable energy quickly.
  非常抱歉，此主贴已删除
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- IrfaanIrfaan
  ·2021-02-04
  You know what to do when price drops right? BUY MORE!
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- IrfaanIrfaan
  ·2021-02-03
  Stonks
  Singapore to grow manufacturing base, attract top industry players: Chan Chun Sing
  SINGAPORE - Singapore is working to grow its strong manufacturing base and seeks to attract the top
  Singapore to grow manufacturing base, attract top industry players: Chan Chun Sing
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- IrfaanIrfaan
  ·2021-02-03
  Tesla is going strong! DOLLAR COST AVERAGE
  775 评论
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one","listText":"Another one","text":"Another one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387834578","repostId":"1151559124","repostType":4,"repost":{"id":"1151559124","kind":"news","pubTimestamp":1613719406,"share":"https://www.laohu8.com/m/news/1151559124?lang=&edition=full","pubTime":"2021-02-19 15:23","market":"us","language":"en","title":"Baidu picks CEO for electric car firm, expects launch in 3 years","url":"https://stock-news.laohu8.com/highlight/detail?id=1151559124","media":"Seeking Alpha","summary":"Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car ","content":"<p>Baidu&nbsp;has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-<i>CNBC</i>.</p>\n<p>Xia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to anonymous source.</p>\n<p>Xia previously worked at Fiat Chrysler and Ford before he co-founded Mobike, which was eventually acquired by Meituan in 2018.</p>\n<p>Last month, Baidu and Geelyjoined forces to create intelligent EV company.</p>\n<p>Baidu’s push into electric vehicles is an attempt to diversify its business beyond just advertising.</p>\n<p>Recently, Baidu reported anothersolid quarter in Q4, with Core revenue reaching RMB 23.1B ($3.5B), which is up 6% Y/Y and up 8% Q/Q, with latter much higher than flattish or low single-digit growth from Q3.</p>\n<p>Non-advertising revenue was up 52%, reaching 18% of Baidu core revenue, driven by the convergence of AI solutions, cloud services and consumer Internet.</p>\n<p>On the earnings call, Robin Li revealed that Baidu’s electric car firm hopes to launch its first vehicle within three years.</p>\n<p>\"Right now, the venture is progressing very well. We have a CEO on board, and we have decided on the brand of the new vehicle,\"said Li in Q4 earnings call.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu picks CEO for electric car firm, expects launch in 3 years</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\">\nBaidu picks CEO for electric car firm, expects launch in 3 years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 15:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-CNBC.\nXia Yiping, co-founder of Mobike, will be the...</p>\n\n<a href=\"https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度"},"source_url":"https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151559124","content_text":"Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-CNBC.\nXia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to anonymous source.\nXia previously worked at Fiat Chrysler and Ford before he co-founded Mobike, which was eventually acquired by Meituan in 2018.\nLast month, Baidu and Geelyjoined forces to create intelligent EV company.\nBaidu’s push into electric vehicles is an attempt to diversify its business beyond just advertising.\nRecently, Baidu reported anothersolid quarter in Q4, with Core revenue reaching RMB 23.1B ($3.5B), which is up 6% Y/Y and up 8% Q/Q, with latter much higher than flattish or low single-digit growth from Q3.\nNon-advertising revenue was up 52%, reaching 18% of Baidu core revenue, driven by the convergence of AI solutions, cloud services and consumer Internet.\nOn the earnings call, Robin Li revealed that Baidu’s electric car firm hopes to launch its first vehicle within three years.\n\"Right now, the venture is progressing very well. We have a CEO on board, and we have decided on the brand of the new vehicle,\"said Li in Q4 earnings call.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385078529,"gmtCreate":1613490904161,"gmtModify":1634553433835,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"🚀","listText":"🚀","text":"🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385078529","repostId":"1108705396","repostType":4,"repost":{"id":"1108705396","kind":"news","pubTimestamp":1613469786,"share":"https://www.laohu8.com/m/news/1108705396?lang=&edition=full","pubTime":"2021-02-16 18:03","market":"us","language":"en","title":"With Biden going big, Wall Street economists are growing bullish on the US economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108705396","media":"CNN Business","summary":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl","content":"<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p>\n<p>Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p>\n<p>Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p>\n<p>The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p>\n<p>After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p>\n<p>\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p>\n<p>The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p>\n<p><b>'Summer mini-boom'</b></p>\n<p>Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p>\n<p>\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p>\n<p>Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p>\n<p>Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p>\n<p>\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p>\n<p>Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p>\n<p>The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p>\n<p><b>Double-dip recession averted</b></p>\n<p>The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p>\n<p>For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p>\n<p>At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p>\n<p>\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p>\n<p>Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p>\n<p>Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p>\n<p><b>Vaccines to the rescue</b></p>\n<p>But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p>\n<p>Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p>\n<p>And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p>\n<p>All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p>\n<p>That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p>\n<p><b>Low-wage workers are still hurting badly</b></p>\n<p>Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p>\n<p>\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p>\n<p>Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p>\n<p>Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p>\n<p>\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p>\n<p>However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p>\n<p>\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p>\n<p><b>'Bring it on'</b></p>\n<p>Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p>\n<p>\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p>\n<p>And that in turn would spook the&nbsp;red-hot stock market.</p>\n<p>Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p>\n<p>Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p>\n<p>Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p>\n<p>\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With Biden going big, Wall Street economists are growing bullish on the US economy</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\">\nWith Biden going big, Wall Street economists are growing bullish on the US economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and ...</p>\n\n<a href=\"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108705396","content_text":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and millions of families were about to lose crucial benefits.\nFast forward two months, and the economy is still struggling-- but confidence in the recovery is growing, rapidly.\nEconomists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.\nThe renewed optimism is being driven by two major factors: the health crisis is easing and Uncle Sam is coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.\nAfter supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.\n\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.\nThe turning point happened last month when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.\n'Summer mini-boom'\nBefore the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a forecast by Treasury Secretary Janet Yellen.\n\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.\nOxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.\nLikewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"\n\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.\nIndeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.\nThe rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.\nDouble-dip recession averted\nThe Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.\nFor months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.\nAt the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.\n\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.\nSlammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States added just 49,000 jobs in January.\nJobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.\nVaccines to the rescue\nBut there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.\nCritically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.\nAnd Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday that the United States may be able to vaccinate most Americans by the middle or end of summer.\nAll of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.\nThat's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants force US states and cities to once again tighten health restrictions.\nLow-wage workers are still hurting badly\nAgainst this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.\n\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"\nDoing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.\nEmployment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.\n\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.\nHowever, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.\n\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.\n'Bring it on'\nSome economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington overheats the economy by injecting too much support.\n\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.\nAnd that in turn would spook the red-hot stock market.\nFed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.\nCiting \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.\nZandi isn't losing sleep over inflation, mostly because the United States is far from full employment.\n\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383728883,"gmtCreate":1612895556242,"gmtModify":1703766695262,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Amazon is not going anywhere. 🚀🚀🚀","listText":"Amazon is not going anywhere. 🚀🚀🚀","text":"Amazon is not going anywhere. 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383728883","repostId":"1176373590","repostType":4,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389117299,"gmtCreate":1612721030411,"gmtModify":1703764441241,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"The next tesla is TESLA!&nbsp;","listText":"The next tesla is TESLA!&nbsp;","text":"The next tesla is TESLA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389117299","repostId":"1125684044","repostType":4,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389118778,"gmtCreate":1612717149494,"gmtModify":1703764435904,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Just bought more tesla stocks. DOLLAR COST AVERAGE!&nbsp;","listText":"Just bought more tesla stocks. DOLLAR COST AVERAGE!&nbsp;","text":"Just bought more tesla stocks. DOLLAR COST AVERAGE!","images":[{"img":"https://static.tigerbbs.com/aa8e332e000fe73cab14e82133532565","width":"720","height":"2033"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/389118778","isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":389118560,"gmtCreate":1612717042150,"gmtModify":1703764435386,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Hope the switch to renewable happens soon.&nbsp;","listText":"Hope the switch to renewable happens soon.&nbsp;","text":"Hope the switch to renewable happens soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389118560","repostId":"1161551882","repostType":4,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380114913,"gmtCreate":1612523103832,"gmtModify":1703763066791,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Damn I didn't consider the carbon footprint... Hope we change to renewable energy quickly.&nbsp;","listText":"Damn I didn't consider the carbon footprint... Hope we change to renewable energy quickly.&nbsp;","text":"Damn I didn't consider the carbon footprint... Hope we change to renewable energy quickly.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380114913","repostId":"1161551882","repostType":4,"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314472461,"gmtCreate":1612369799653,"gmtModify":1703761075401,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"You know what to do when price drops right? BUY MORE!&nbsp;","listText":"You know what to do when price drops right? BUY MORE!&nbsp;","text":"You know what to do when price drops right? BUY MORE!","images":[{"img":"https://static.tigerbbs.com/08786c192594d1f3d55970ca337e5491","width":"720","height":"1975"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314472461","isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":314966145,"gmtCreate":1612286991287,"gmtModify":1703760051550,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Stonks","listText":"Stonks","text":"Stonks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314966145","repostId":"1196891088","repostType":4,"repost":{"id":"1196891088","kind":"news","pubTimestamp":1612247473,"share":"https://www.laohu8.com/m/news/1196891088?lang=&edition=full","pubTime":"2021-02-02 14:31","market":"sg","language":"en","title":"Singapore to grow manufacturing base, attract top industry players: Chan Chun Sing","url":"https://stock-news.laohu8.com/highlight/detail?id=1196891088","media":"straitstimes","summary":"SINGAPORE - Singapore is working to grow its strong manufacturing base and seeks to attract the top ","content":"<p>SINGAPORE - Singapore is working to grow its strong manufacturing base and seeks to attract the top players to anchor their operations here, said Trade and Industry Minister Chan Chun Sing on Monday (Feb 1).</p><p>The manufacturing industry remains a key pillar of Singapore's economy and the Republic wants to build on its existing manufacturing strengths, expanding its capacity and capabilities in emerging areas of growth such as biomedical science, agri-tech, urban mobility and sustainability.</p><p>Speaking to the media after a visit to biotech firm Illumina, Mr Chan said that more good job opportunities will be available for Singaporeans as more leading companies in these segments set up and grow here.</p><p>Since it&nbsp;set up in Singapore in 2008, the company has not only increased its production capacity here but also helped to grow the ecosystem of supporting SMEs, he added.</p><p>Mr Chan said that Illumina represents the type of leading manufacturing firms that Singapore wants to attract, with its 1,300-strong team here producing specialised products such as about 95 per cent of the global demand for microarray bead chips and 85 per cent of global core sequencing consumables, equipment used for disease diagnoses.</p><p>\"This is what we mean by having the sort of companies in Singapore that will make us harder to be displaced from the global production and supply chain. We are not in the mass market whereby we are competing on price.</p><p>\"They are competing on the quality of their ideas, the quality of their research, the quality of their production,\" he said, noting how Illumina plans to continue growing their operations and research teams here.</p><p>The minister highlighted that next-generation manufacturing plants are no longer about working in a dirty, dangerous or repetitive environment.</p><p>\"What we are seeing now are people who are working at the cutting edge of technology in clean rooms, and each and every (one) of the machines is so high-tech that many people will be very impressed with what we are able to do in Singapore.\"</p><p>Mr Chan also outlined on Monday Singapore's three key strategies to position itself as an advanced manufacturing hub - investing in infrastructure, building a strong research ecosystem, and supporting firms in Industry 4.0 transformation projects.</p><p>This comes on the back ofSingapore's new 10-year plan to grow its manufacturing sector 50 per cent by 2030, which was announced in January.</p><p>The sector contributes about 21 per cent of Singapore's total gross domestic product and 12 per cent of its workforce.</p><p>In particular, the development of the Jurong Innovation District advanced manufacturing hub will help provide opportunities for collaboration among industry players and strengthen the links between research, economic activity and skills development.</p><p>The district, the first phase of which is expected to be completed around 2022,attracted about $420 million of investments in 2020from the likes of South Korean carmaker Hyundai Motor Group, Japanese automation firm Fanuc and German machines manufacturer DMG Mori.</p><p>Mr Chan also noted how Singapore has established Centres of Innovation to develop new Industry 4.0 technologies and solutions across advanced manufacturing and new growth areas such as agri-food.</p><p>MORE ON THIS TOPIC10-year plan for Singapore manufacturing to grow 50% by 2030: Chan Chun SingMicron Technology on track to hire 1,500 'high-skilled' staff</p><p>It is also working with the industry to ensure that Singapore's workforce keeps pace with the industry's transformation, such as through the Advanced Manufacturing Training Academy to identify skills needed and to coordinate training efforts in collaboration with institutes of higher learning and training providers.</p><p>Also, Singapore continues to support firms in their transformation efforts, such as through the Smart Industry Readiness Index (Siri), which it is proliferating globally through the WEF-EDB Siri Internationalisation Collaboration.</p><p>This standard can be used by companies to assess and motivate the transformation of large enterprises and small and medium-sized enterprises alike, Mr Chan said.</p><p>\"We have to keep advancing our work, to make sure that we keep pace with the latest demands for the industry in the future.\"</p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore to grow manufacturing base, attract top industry players: Chan Chun Sing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/economy/singapore-to-grow-manufacturing-base-attract-top-industry-players-chan-chun-sing><strong>straitstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - Singapore is working to grow its strong manufacturing base and seeks to attract the top players to anchor their operations here, said Trade and Industry Minister Chan Chun Sing on Monday (...</p>\n\n<a href=\"https://www.straitstimes.com/business/economy/singapore-to-grow-manufacturing-base-attract-top-industry-players-chan-chun-sing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/39a199af535042dfebd27ef56f398707","relate_stocks":{},"source_url":"https://www.straitstimes.com/business/economy/singapore-to-grow-manufacturing-base-attract-top-industry-players-chan-chun-sing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196891088","content_text":"SINGAPORE - Singapore is working to grow its strong manufacturing base and seeks to attract the top players to anchor their operations here, said Trade and Industry Minister Chan Chun Sing on Monday (Feb 1).The manufacturing industry remains a key pillar of Singapore's economy and the Republic wants to build on its existing manufacturing strengths, expanding its capacity and capabilities in emerging areas of growth such as biomedical science, agri-tech, urban mobility and sustainability.Speaking to the media after a visit to biotech firm Illumina, Mr Chan said that more good job opportunities will be available for Singaporeans as more leading companies in these segments set up and grow here.Since it set up in Singapore in 2008, the company has not only increased its production capacity here but also helped to grow the ecosystem of supporting SMEs, he added.Mr Chan said that Illumina represents the type of leading manufacturing firms that Singapore wants to attract, with its 1,300-strong team here producing specialised products such as about 95 per cent of the global demand for microarray bead chips and 85 per cent of global core sequencing consumables, equipment used for disease diagnoses.\"This is what we mean by having the sort of companies in Singapore that will make us harder to be displaced from the global production and supply chain. We are not in the mass market whereby we are competing on price.\"They are competing on the quality of their ideas, the quality of their research, the quality of their production,\" he said, noting how Illumina plans to continue growing their operations and research teams here.The minister highlighted that next-generation manufacturing plants are no longer about working in a dirty, dangerous or repetitive environment.\"What we are seeing now are people who are working at the cutting edge of technology in clean rooms, and each and every (one) of the machines is so high-tech that many people will be very impressed with what we are able to do in Singapore.\"Mr Chan also outlined on Monday Singapore's three key strategies to position itself as an advanced manufacturing hub - investing in infrastructure, building a strong research ecosystem, and supporting firms in Industry 4.0 transformation projects.This comes on the back ofSingapore's new 10-year plan to grow its manufacturing sector 50 per cent by 2030, which was announced in January.The sector contributes about 21 per cent of Singapore's total gross domestic product and 12 per cent of its workforce.In particular, the development of the Jurong Innovation District advanced manufacturing hub will help provide opportunities for collaboration among industry players and strengthen the links between research, economic activity and skills development.The district, the first phase of which is expected to be completed around 2022,attracted about $420 million of investments in 2020from the likes of South Korean carmaker Hyundai Motor Group, Japanese automation firm Fanuc and German machines manufacturer DMG Mori.Mr Chan also noted how Singapore has established Centres of Innovation to develop new Industry 4.0 technologies and solutions across advanced manufacturing and new growth areas such as agri-food.MORE ON THIS TOPIC10-year plan for Singapore manufacturing to grow 50% by 2030: Chan Chun SingMicron Technology on track to hire 1,500 'high-skilled' staffIt is also working with the industry to ensure that Singapore's workforce keeps pace with the industry's transformation, such as through the Advanced Manufacturing Training Academy to identify skills needed and to coordinate training efforts in collaboration with institutes of higher learning and training providers.Also, Singapore continues to support firms in their transformation efforts, such as through the Smart Industry Readiness Index (Siri), which it is proliferating globally through the WEF-EDB Siri Internationalisation Collaboration.This standard can be used by companies to assess and motivate the transformation of large enterprises and small and medium-sized enterprises alike, Mr Chan said.\"We have to keep advancing our work, to make sure that we keep pace with the latest demands for the industry in the future.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314963868,"gmtCreate":1612286677954,"gmtModify":1703760047082,"author":{"id":"3566867722255720","authorId":"3566867722255720","name":"Irfaan","avatar":"https://static.tigerbbs.com/4b0b9d81b85ffab2fc43c8d937f8fd61","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566867722255720","authorIdStr":"3566867722255720"},"themes":[],"htmlText":"Tesla is going strong! 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