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Aiaiai

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- AiaiaiAiaiai
  ·2021-06-01
  wohoo
  非常抱歉，此主贴已删除
  562 评论
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- AiaiaiAiaiai
  ·2021-05-28
  ohno
  Meituan reports second consecutive quarterly loss
  Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed
  Meituan reports second consecutive quarterly loss
  364 评论
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- AiaiaiAiaiai
  ·2021-05-28
  ?
  Wall Street Bets: Redditors Scoop Up More AMC as Buy List Grows
  Retail investors led by Reddit forum WallStreet Bets continue to drive up the price of movie chain A
  Wall Street Bets: Redditors Scoop Up More AMC as Buy List Grows
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- AiaiaiAiaiai
  ·2021-05-28
  no
  非常抱歉，此主贴已删除
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- AiaiaiAiaiai
  ·2021-05-28
  wow
  非常抱歉，此主贴已删除
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- AiaiaiAiaiai
  ·2021-05-27
  yes
  Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald
  Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed
  Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald
  534 评论
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- AiaiaiAiaiai
  ·2021-05-27
  boo
  President Biden will propose a $6 trillion budget, documents obtained by The Times show.
  President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising
  President Biden will propose a $6 trillion budget, documents obtained by The Times show.
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622191493,"share":"https://www.laohu8.com/m/news/1128925476?lang=&edition=full","pubTime":"2021-05-28 16:44","market":"hk","language":"en","title":"Meituan reports second consecutive quarterly loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1128925476","media":"Tiger Newspress","summary":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed ","content":"<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><b>Company Financial Highlights</b></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. 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Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</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>Meituan reports second consecutive quarterly loss</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\">\nMeituan reports second consecutive quarterly loss\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\">2021-05-28 16:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.</p><p>It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.</p><p><b>Company Financial Highlights</b></p><p>Thanks to the PRC government’s effective measures to contain the COVID-19 pandemic in&nbsp;China, company businesses experienced strong recovery during the first quarter of 2021.</p><p>Total revenues&nbsp;increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for&nbsp;the same period of 2020. Company food delivery and in-store, hotel &amp; travel segments posted stellar&nbsp;growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter&nbsp;of 2021, an increase from RMB0.6 billion for the same period of 2020.</p><p>Operating loss for the&nbsp;new initiatives and others segment expanded as company&nbsp;accelerated our investment effort to provide&nbsp;services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of&nbsp;2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021&nbsp;from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8&nbsp;billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to&nbsp;the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.</p><p><img src=\"https://static.tigerbbs.com/a693a54147796382f71c467e44d2dbc5\" tg-width=\"606\" tg-height=\"690\" referrerpolicy=\"no-referrer\"><b>New initiatives and others </b></p><p>During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03690":"美团-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128925476","content_text":"Chinese food delivery giant Meituan reported a second consecutive quarterly loss on Friday, weighed down by its expansion into the community group-buying business that relies heavily on subsidies.It reported a loss of 4.85 billion yuan ($762.4 million) in the period versus a 1.58 billion yuan loss a year earlier, when its business was hit by nationwide coronavirus curbs.Company Financial HighlightsThanks to the PRC government’s effective measures to contain the COVID-19 pandemic in China, company businesses experienced strong recovery during the first quarter of 2021.Total revenues increased by 120.9% in the first quarter of 2021 to RMB37.0 billion from RMB16.8 billion for the same period of 2020. Company food delivery and in-store, hotel & travel segments posted stellar growth, realizing an aggregate operating profit by segment of RMB3.9 billion in the first quarter of 2021, an increase from RMB0.6 billion for the same period of 2020.Operating loss for the new initiatives and others segment expanded as company accelerated our investment effort to provide services with more breadth. Both adjusted EBITDA and adjusted net loss for the first quarter of 2021 decreased year-over-year to negative RMB2.4 billion and RMB3.9 billion, respectively. net cash flows used in operating activities decreased to RMB4.4 billion in the first quarter of 2021 from RMB5.0 billion for the same period of 2020. Company had cash and cash equivalents of RMB17.8 billion and short-term treasury investments of RMB35.3 billion as of March 31, 2021, compared to the balances of RMB17.1 billion and RMB44.0 billion as of December 31, 2020, respectively.New initiatives and others During the first quarter of 2021, Meituan ramped up our investments in new initiatives. Retail, especially the community e-commerce business, continued to be our largest investment area. For the first quarter of 2021, revenues from the new initiatives and others segment increased by 136.5% year over year to RMB9.9 billion, primarily driven by the growth in retail businesses, B2B food distribution services, and ride-sharing services. Operating loss for the segment increased both year over year and quarter over quarter to negative RMB8.0 billion in the first quarter of 2021, while operating margin decreased to negative 81.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134059670,"gmtCreate":1622194445890,"gmtModify":1634182964418,"author":{"id":"3584529822799715","authorId":"3584529822799715","name":"Aiaiai","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584529822799715","authorIdStr":"3584529822799715"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/134059670","repostId":"2138171734","repostType":4,"repost":{"id":"2138171734","kind":"news","pubTimestamp":1622193626,"share":"https://www.laohu8.com/m/news/2138171734?lang=&edition=full","pubTime":"2021-05-28 17:20","market":"us","language":"en","title":"Wall Street Bets: Redditors Scoop Up More AMC as Buy List Grows","url":"https://stock-news.laohu8.com/highlight/detail?id=2138171734","media":"FX Empire","summary":"Retail investors led by Reddit forum WallStreet Bets continue to drive up the price of movie chain A","content":"<p>Retail investors led by Reddit forum WallStreet&nbsp;Bets continue to drive up the price of movie chain AMC Entertainment, with the stock tacking on another 35% yesterday. Investors are so committed to the company that they are talking about going back to the movies and splurging for popcorn when AMC shares hit USD 30. They just might get their wish.</p><h2>Slot Machine Gains</h2><p>Investors are comparing AMC to “sitting at a slot machine in Vegas,” and by the looks of it they are not too far off. They are continuing to buy even as the price continues to rise while setting their sights on lambos and holding on for dear life. It is a perfect storm of sorts where hedge funds are buying AMC shares to cover their short positions and institutional investors are reporting jumping on the bandwagon to ride the wave.</p><p>Meanwhile, short seller losses are mounting, reaching USD 1.8 billion in recent days across GameStop, AMC and Virgin Galactic, according to CNBC. So far this year, USD 6.7 billion has been wiped away from short-sellers in GameStop.</p><h2>Not the Only Short Game in Town</h2><p>While AMC and GameStop are two of the most popular stocks on the radar of WallStreetBets, they are not the only short game in town. Another post on the WallStreetBets forum is shining the spotlight on UWM Holdings, the parent company of United Wholesale Mortgage. The stock is up nearly 7% yesterday and according to the Redditors there are some catalysts floating around.</p><p>Short interest in UWMC is said to be 22%, which incidentally is higher than that of AMC and Gamestop, at 21% and 17%, respectively. In addition, the company announced in its Q1 earnings report that it is repurchasing as much as USD 300 million in shares in the next two years, starting this month. Today the stock was in the pipeline to be added to the MSCI Global Small Cap Index. With a market cap of USD 14 billion, Wall Street Bets suggested that it could make its way to the index’s top 10 rankings.</p><p>Meanwhile, the meme stocks are also on the radar of Bank of America analysts, who believe the Reddit trend could be here to stay thanks to the rise of zero-commission trading platforms, more idle time and higher balances in savings accounts.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Bets: Redditors Scoop Up More AMC as Buy List Grows</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\">\nWall Street Bets: Redditors Scoop Up More AMC as Buy List Grows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wall-street-bets-redditors-scoop-175426500.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Retail investors led by Reddit forum WallStreet Bets continue to drive up the price of movie chain AMC Entertainment, with the stock tacking on another 35% yesterday. Investors are so committed to the...</p>\n\n<a href=\"https://finance.yahoo.com/news/wall-street-bets-redditors-scoop-175426500.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://finance.yahoo.com/news/wall-street-bets-redditors-scoop-175426500.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138171734","content_text":"Retail investors led by Reddit forum WallStreet Bets continue to drive up the price of movie chain AMC Entertainment, with the stock tacking on another 35% yesterday. Investors are so committed to the company that they are talking about going back to the movies and splurging for popcorn when AMC shares hit USD 30. They just might get their wish.Slot Machine GainsInvestors are comparing AMC to “sitting at a slot machine in Vegas,” and by the looks of it they are not too far off. They are continuing to buy even as the price continues to rise while setting their sights on lambos and holding on for dear life. It is a perfect storm of sorts where hedge funds are buying AMC shares to cover their short positions and institutional investors are reporting jumping on the bandwagon to ride the wave.Meanwhile, short seller losses are mounting, reaching USD 1.8 billion in recent days across GameStop, AMC and Virgin Galactic, according to CNBC. So far this year, USD 6.7 billion has been wiped away from short-sellers in GameStop.Not the Only Short Game in TownWhile AMC and GameStop are two of the most popular stocks on the radar of WallStreetBets, they are not the only short game in town. Another post on the WallStreetBets forum is shining the spotlight on UWM Holdings, the parent company of United Wholesale Mortgage. The stock is up nearly 7% yesterday and according to the Redditors there are some catalysts floating around.Short interest in UWMC is said to be 22%, which incidentally is higher than that of AMC and Gamestop, at 21% and 17%, respectively. In addition, the company announced in its Q1 earnings report that it is repurchasing as much as USD 300 million in shares in the next two years, starting this month. Today the stock was in the pipeline to be added to the MSCI Global Small Cap Index. With a market cap of USD 14 billion, Wall Street Bets suggested that it could make its way to the index’s top 10 rankings.Meanwhile, the meme stocks are also on the radar of Bank of America analysts, who believe the Reddit trend could be here to stay thanks to the rise of zero-commission trading platforms, more idle time and higher balances in savings accounts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134059085,"gmtCreate":1622194425347,"gmtModify":1634182964641,"author":{"id":"3584529822799715","authorId":"3584529822799715","name":"Aiaiai","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584529822799715","authorIdStr":"3584529822799715"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134059085","repostId":"2138106568","repostType":4,"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135485657,"gmtCreate":1622176475479,"gmtModify":1634183101028,"author":{"id":"3584529822799715","authorId":"3584529822799715","name":"Aiaiai","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584529822799715","authorIdStr":"3584529822799715"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135485657","repostId":"1148985369","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135997517,"gmtCreate":1622125059239,"gmtModify":1634183628707,"author":{"id":"3584529822799715","authorId":"3584529822799715","name":"Aiaiai","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584529822799715","authorIdStr":"3584529822799715"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135997517","repostId":"1136302481","repostType":4,"repost":{"id":"1136302481","kind":"news","pubTimestamp":1622124201,"share":"https://www.laohu8.com/m/news/1136302481?lang=&edition=full","pubTime":"2021-05-27 22:03","market":"us","language":"en","title":"Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald","url":"https://stock-news.laohu8.com/highlight/detail?id=1136302481","media":"finance.yahoo","summary":"Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed ","content":"<p>Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at itsfastest rate in more than a decade.</p><p>The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery.</p><p>Such critics rightly worry about continued inflation but misunderstand what's causing it, according to legendary investor and Columbia Business School Professor Bruce Greenwald.</p><p>In a new interview, Greenwald — whom The New York Times oncecalled\"a guru to Wall Street's gurus\" — says inflation will continue to be \"brutal\" in the short run but it has nothing to do with monetary or even fiscal policy. Because Fed policies didn't cause the inflation spike, the central bank lacks the capacity to rein it in, he said.</p><p>Instead, Greenwald says the Biden administration's support of a waiver of intellectual property rights for COVID-19 vaccines \"scared the crap\" out of companies that fear adverse government intervention in their day-to-day business. In turn, companies have raised prices to get ahead of other potential government actions, Greenwald said.</p><p>\"I think in the short run, [inflation] is going to be brutal,\" Greenwald tells Yahoo Finance.</p><p>'Fiscal policy has never worked particularly well'</p><p>Speaking to Yahoo Finance's Brian Cheung, Federal Reserve Vice Chair Richard Clarida on Tuesdayacknowledged the \"risk case\" of persistent inflationbut said the Fed could \"offset\" such pressures if necessary.</p><p>Greenwald, a professor emeritus at Columbia Business School, sharply disagrees with that view. Loose monetary policy isn't the cause of inflation, since the Fed's approach began at the outset of the pandemic but inflation only took hold in recent months, Greenwald said.</p><p>\"When we gave all this extraordinary monetary expansion, all the quantitative easing of buying bonds and so on, it had no detectable effect on the macro economy,\" he says.</p><p>\"It strikes me as very odd to think monetary policy, at least, is going to have any effect on it going forward, which means that [if] inflation takes off, we're going to have a tough time controlling it with monetary policy,\" he adds. \"Fiscal policy has never worked particularly well.\"</p><p>Since last March, the Fed has undertaken a loose policy of near-zero interest rates and the purchase of $120 billion in bonds each month. Economic observers have widely credited the monetary policy — along with trillions in fiscal stimulus — for softening the downturn caused by the pandemic.</p><p>But some economists, like former Treasury Secretary Larry Summers, warn that the hot economy is ripe for ongoing inflation. The Biden administration is closely monitoring inflationary pressures but so far has determined that the trend will be temporary,The New York Times reportedlast month.</p><p>The Bureau of Economic Analysis on Friday willrelease new inflation datawith the Personal Consumption Expenditures (PCE) Index figures for April. That index rose 2.3% in March, after jumping just 1.5% in February.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbeb4f89a50d128dfd1ff8961ad554d5\" tg-width=\"705\" tg-height=\"473\" referrerpolicy=\"no-referrer\"><span>According to a Morning Consult survey of 2,200 adult shoppers, one-third of those surveyed say that they are paying more for groceries, especially red meat and chicken. (Photo by Justin Sullivan/Getty Images)More</span></p><p>Speaking to Yahoo Finance, Greenwald said the primary cause of recent inflation is the U.S. decision earlier this month tosupport a waiver of intellectual property protectionon the COVID-19 vaccine. The Biden administration took the position in order to make available generic, affordable versions of the vaccine.</p><p>\"I think the event was actually not monetary or fiscal policy,\" he says. \"I think it was the vacating of the vaccine patents.\"</p><p>Amnesty International and Human Rights Watchcalled for the waiverlast December, and the Biden administration began considering it in April,Reuters reported. Despite U.S. support for the waiver, negotiations at the World Trade Organizationface significant oppositionfrom some member countries and could take months to complete.</p><p>But the unusual U.S. intervention in intellectual property protection scared companies and drove a hike in prices, Greenwald said.</p><p>\"I think businesses are going to look at that and say, 'Holy s***, these guys are not my friends, I got to protect myself,'\" he says \"The easiest way to do that is to raise your prices, and when all the other local businesses raise their prices too, you don't even lose that much business.\"</p><p>\"I think when the government scares these firms, they're just not interested in investing in the future,\" he says. \"I think the government has scared the crap out of them, and they're going to protect themselves by using the pricing power that they have.\"</p>","source":"lsy1612507957220","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 will be 'brutal' in short run: Legendary investor Bruce Greenwald</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 will be 'brutal' in short run: Legendary investor Bruce Greenwald\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/inflation-will-be-brutal-in-the-short-run-legendary-investor-bruce-greenwald-135313973.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI)...</p>\n\n<a href=\"https://finance.yahoo.com/news/inflation-will-be-brutal-in-the-short-run-legendary-investor-bruce-greenwald-135313973.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://finance.yahoo.com/news/inflation-will-be-brutal-in-the-short-run-legendary-investor-bruce-greenwald-135313973.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136302481","content_text":"Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at itsfastest rate in more than a decade.The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery.Such critics rightly worry about continued inflation but misunderstand what's causing it, according to legendary investor and Columbia Business School Professor Bruce Greenwald.In a new interview, Greenwald — whom The New York Times oncecalled\"a guru to Wall Street's gurus\" — says inflation will continue to be \"brutal\" in the short run but it has nothing to do with monetary or even fiscal policy. Because Fed policies didn't cause the inflation spike, the central bank lacks the capacity to rein it in, he said.Instead, Greenwald says the Biden administration's support of a waiver of intellectual property rights for COVID-19 vaccines \"scared the crap\" out of companies that fear adverse government intervention in their day-to-day business. In turn, companies have raised prices to get ahead of other potential government actions, Greenwald said.\"I think in the short run, [inflation] is going to be brutal,\" Greenwald tells Yahoo Finance.'Fiscal policy has never worked particularly well'Speaking to Yahoo Finance's Brian Cheung, Federal Reserve Vice Chair Richard Clarida on Tuesdayacknowledged the \"risk case\" of persistent inflationbut said the Fed could \"offset\" such pressures if necessary.Greenwald, a professor emeritus at Columbia Business School, sharply disagrees with that view. Loose monetary policy isn't the cause of inflation, since the Fed's approach began at the outset of the pandemic but inflation only took hold in recent months, Greenwald said.\"When we gave all this extraordinary monetary expansion, all the quantitative easing of buying bonds and so on, it had no detectable effect on the macro economy,\" he says.\"It strikes me as very odd to think monetary policy, at least, is going to have any effect on it going forward, which means that [if] inflation takes off, we're going to have a tough time controlling it with monetary policy,\" he adds. \"Fiscal policy has never worked particularly well.\"Since last March, the Fed has undertaken a loose policy of near-zero interest rates and the purchase of $120 billion in bonds each month. Economic observers have widely credited the monetary policy — along with trillions in fiscal stimulus — for softening the downturn caused by the pandemic.But some economists, like former Treasury Secretary Larry Summers, warn that the hot economy is ripe for ongoing inflation. The Biden administration is closely monitoring inflationary pressures but so far has determined that the trend will be temporary,The New York Times reportedlast month.The Bureau of Economic Analysis on Friday willrelease new inflation datawith the Personal Consumption Expenditures (PCE) Index figures for April. That index rose 2.3% in March, after jumping just 1.5% in February.According to a Morning Consult survey of 2,200 adult shoppers, one-third of those surveyed say that they are paying more for groceries, especially red meat and chicken. (Photo by Justin Sullivan/Getty Images)MoreSpeaking to Yahoo Finance, Greenwald said the primary cause of recent inflation is the U.S. decision earlier this month tosupport a waiver of intellectual property protectionon the COVID-19 vaccine. The Biden administration took the position in order to make available generic, affordable versions of the vaccine.\"I think the event was actually not monetary or fiscal policy,\" he says. \"I think it was the vacating of the vaccine patents.\"Amnesty International and Human Rights Watchcalled for the waiverlast December, and the Biden administration began considering it in April,Reuters reported. Despite U.S. support for the waiver, negotiations at the World Trade Organizationface significant oppositionfrom some member countries and could take months to complete.But the unusual U.S. intervention in intellectual property protection scared companies and drove a hike in prices, Greenwald said.\"I think businesses are going to look at that and say, 'Holy s***, these guys are not my friends, I got to protect myself,'\" he says \"The easiest way to do that is to raise your prices, and when all the other local businesses raise their prices too, you don't even lose that much business.\"\"I think when the government scares these firms, they're just not interested in investing in the future,\" he says. \"I think the government has scared the crap out of them, and they're going to protect themselves by using the pricing power that they have.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132720512,"gmtCreate":1622117227036,"gmtModify":1634183723309,"author":{"id":"3584529822799715","authorId":"3584529822799715","name":"Aiaiai","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584529822799715","authorIdStr":"3584529822799715"},"themes":[],"htmlText":"boo","listText":"boo","text":"boo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132720512","repostId":"1188205901","repostType":4,"repost":{"id":"1188205901","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":1622117079,"share":"https://www.laohu8.com/m/news/1188205901?lang=&edition=full","pubTime":"2021-05-27 20:04","market":"us","language":"en","title":"President Biden will propose a $6 trillion budget, documents obtained by The Times show.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188205901","media":"Tiger Newspress","summary":"President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising ","content":"<p>President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.</p><p>Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.</p><p>On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.</p><p>Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.</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>President Biden will propose a $6 trillion budget, documents obtained by The Times show.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPresident Biden will propose a $6 trillion budget, documents obtained by The Times show.\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\">2021-05-27 20:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.</p><p>Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.</p><p>On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.</p><p>Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188205901","content_text":"President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.On Friday, Biden is set to release his first full budget since taking office in January as he seeks to push his priorities of investing in infrastructure, childcare and other public works in a national rebuilding effort.Republicans have criticized the president for seeking trillions in new spending, setting the stage for pitched battles over his priorities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}