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- WingZeroWingZero
  ·2021-06-29
  They never learn.
  The Fed’s inflation view could drag the economy into recession, El-Erian warns
  KEY POINTS Fed officials are underestimating inflation and risking another recession, Mohamed El-Er
  The Fed’s inflation view could drag the economy into recession, El-Erian warns
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- WingZeroWingZero
  ·2021-06-22
  Ok
  Uber is buying the rest of grocery delivery start-up Cornershop
  KEY POINTS Uber is acquiring the remaining interest in grocery delivery start-up Cornershop. The de
  Uber is buying the rest of grocery delivery start-up Cornershop
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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>The Fed’s inflation view could drag the economy into recession, El-Erian warns</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\">\nThe Fed’s inflation view could drag the economy into recession, El-Erian warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 22:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/el-erian-says-the-fed-is-behind-on-inflation-and-risks-another-recession-if-it-is-forced-to-catch-up.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nFed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.\n“Every day I see evidence of inflation not being transitory, and I have ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/el-erian-says-the-fed-is-behind-on-inflation-and-risks-another-recession-if-it-is-forced-to-catch-up.html\">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.cnbc.com/2021/06/28/el-erian-says-the-fed-is-behind-on-inflation-and-risks-another-recession-if-it-is-forced-to-catch-up.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129950691","content_text":"KEY POINTS\n\nFed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.\n“Every day I see evidence of inflation not being transitory, and I have concern that the Fed is falling behind,” he said.\nCentral bank leaders insist that the recent round of inflation will subside once short-term supply chain bottlenecks clear and 2020 data fades from comparisons.\n\nFederal Reserve officials are underestimating inflation and risking that the U.S. could fall into another recession, Mohamed El-Erian, the Allianz chief economic advisor, told CNBC on Monday.\nCentral bank leaders insist that the recent round of price pressures will subside once short-term supply chain bottlenecks clear and the 2020 economic shutdown period is no longer part of the year-over-year comparisons.\nBut El-Erian said he sees growing evidence that the Fed is wrong.\n“I have concerns about the inflation story,” he told CNBC’s Becky Quick during a “Squawk Box” interview. “Every day I see evidence of inflation not being transitory, and I have concern that the Fed is falling behind and that it may have to play catch-up, and history makes you very uncomfortable if you end up in a world in which the Fed has to play catch-up.”\nIf the Fed does fall into that position, it may have to raise interest rates and otherwise tighten monetary policy sooner than it would like.\n“Normally, we end up with a recession because you have to slam on the brakes as opposed to slowly taking your foot off the accelerator, which is what believe is going to happen,” El-Erian said.\nThe economy is still technically in a recession that began in February 2020, according to the National Bureau of Economic Research, considered the official arbiter in such matters. However, real GDP is just a shade below where it was when the downturn started and is likely to pass that level when the second quarter data comes in.\nInflation, though, has thwarted recoveries in the past, and recent data tell conflicting stories about the current pace.\nThe Fed’s favorite gauge, the personal consumption expenditures price index excluding the volatile food and energy sectors, in May rose 3.4% from a year ago, the highest level since 1992 an well above the central bank’s 2% target.\nThat came after a 5% increase in the consumer price indexand a6.6% burst in the producer price index, both well higher than anything the U.S. has seen since at least before the financial crisis.\nBut much of the price pressures have come in areas particularly germane to the economic recovery – used car prices, air fares, hotel prices and the like.\nWhile Fed officials see those factors abating in the coming months, El-Erian said he’s not so sure, even if the financial markets don’t seem to care.\n“If you were actually to look at the numbers on inflation, you would start having serious doubts in your mind as to how transitory inflation is,” El-Erian said. “But as long as the Fed believes it’s transitory, that is what matters for markets.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120955080,"gmtCreate":1624293247140,"gmtModify":1634008220060,"author":{"id":"3582469298680316","authorId":"3582469298680316","name":"WingZero","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582469298680316","authorIdStr":"3582469298680316"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120955080","repostId":"1196408010","repostType":4,"repost":{"id":"1196408010","kind":"news","pubTimestamp":1624286042,"share":"https://www.laohu8.com/m/news/1196408010?lang=&edition=full","pubTime":"2021-06-21 22:34","market":"us","language":"en","title":"Uber is buying the rest of grocery delivery start-up Cornershop","url":"https://stock-news.laohu8.com/highlight/detail?id=1196408010","media":"cnbc","summary":"KEY POINTS\n\nUber is acquiring the remaining interest in grocery delivery start-up Cornershop.\nThe de","content":"<div>\n<p>KEY POINTS\n\nUber is acquiring the remaining interest in grocery delivery start-up Cornershop.\nThe deal comes nearly two years after the rideshare giant took a majority stake in Cornershop for an ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/uber-acquiring-remaining-stake-in-grocery-delivery-start-up-cornershop.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber is buying the rest of grocery delivery start-up Cornershop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber is buying the rest of grocery delivery start-up Cornershop\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 22:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/uber-acquiring-remaining-stake-in-grocery-delivery-start-up-cornershop.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nUber is acquiring the remaining interest in grocery delivery start-up Cornershop.\nThe deal comes nearly two years after the rideshare giant took a majority stake in Cornershop for an ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/uber-acquiring-remaining-stake-in-grocery-delivery-start-up-cornershop.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.cnbc.com/2021/06/21/uber-acquiring-remaining-stake-in-grocery-delivery-start-up-cornershop.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196408010","content_text":"KEY POINTS\n\nUber is acquiring the remaining interest in grocery delivery start-up Cornershop.\nThe deal comes nearly two years after the rideshare giant took a majority stake in Cornershop for an undisclosed sum.\nUber has been pushing itself beyond ride-hailing, and has seen strength in its Uber Eats business due to the Covid-19 pandemic.\n\nUberisacquiring the remaining 47% interestin grocery delivery start-up Cornershop in an all-stock transaction, the company said Monday. The acquisition shows how Uber is investing more outside its core ride-hailing business, which has so far failed to prove profitable.\nShares of Uber were up about 0.66% before markets opened on Monday.\nThe deal comes nearly two years after Uber bought amajority stakein Cornershop for an undisclosed sum. Cornershop currently operates in the U.S., Peru, Brazil, Colombia and Canada.\n“Uber already owns ~50% of Cornershop and we’ve seen how working together can deliver great results, like our joint 2020 launch of Brazil, where in no time we became a leading player. But to truly unlock the full potential of this partnership, we need to operate as one company,” Oskar Hjertonsson, founder and CEO of Cornershop, said in a tweet.\nThe deal is expected to close in July.\nUber has focused its acquisition efforts on its Eats segment during the coronavirus pandemic. Uber acquired Postmates last July after it failed to buy food delivery service GrubHub. It also acquiredalcohol-delivery service Drizlyin February.\nUber has offloaded some of its more cost-eating transportation segments. The company last year transferred its electric bike and scooter business, Jump, to Lime. Uber also sold its self-driving unit, Advanced Technologies Group, to its start-up competitor Aurora Innovation. It also offloaded its flying taxi business, Uber Elevate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}