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Foongkie
Foongkie
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2024-08-17
13 22 16
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Foongkie
Foongkie
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2023-11-23
Fun times this game is
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Foongkie
Foongkie
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2023-11-07
Fun times this game is
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Foongkie
Foongkie
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2023-03-18
Headwinds aplenty. Opportunities abound!
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Foongkie
Foongkie
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2022-09-26
Lean and mean
Grab Sees No Big Layoffs Despite Weak Market
Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to unde
Grab Sees No Big Layoffs Despite Weak Market
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Foongkie
Foongkie
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2022-09-14
Hang in there
US STOCKS-Wall St Tumbles to Biggest Loss in Two Years Following CPI Data
U.S. consumer prices rise unexpectedlyLikelihood grows of a 100 bp Fed rate hike in SeptIndexes slid
US STOCKS-Wall St Tumbles to Biggest Loss in Two Years Following CPI Data
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Foongkie
Foongkie
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2022-09-13
Oh goodness
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Foongkie
Foongkie
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2022-09-10
Let's go!
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Foongkie
Foongkie
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2022-09-04
Let's go!
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Foongkie
Foongkie
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2022-08-25
$Tesla Motors(TSLA)$
Now or never!
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Opportunities abound!","listText":"Headwinds aplenty. Opportunities abound!","text":"Headwinds aplenty. Opportunities abound!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943973228","isVote":1,"tweetType":1,"viewCount":2125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911372172,"gmtCreate":1664151560696,"gmtModify":1676537396998,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"Lean and mean","listText":"Lean and mean","text":"Lean and mean","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9911372172","repostId":"2270704423","repostType":4,"repost":{"id":"2270704423","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1664091537,"share":"https://ttm.financial/m/news/2270704423?lang=&edition=fundamental","pubTime":"2022-09-25 15:38","market":"us","language":"en","title":"Grab Sees No Big Layoffs Despite Weak Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2270704423","media":"Reuters","summary":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to unde","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.</p><p>Chief operating officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was "very careful and judicious about any hiring", and as a result, it had not got to the "desperate" point of a hiring freeze or mass layoffs.</p><p>"Around mid-year, we did some kind of specific reorganisations, but I know other companies have been doing mass layoffs, so we don't see ourselves in that category," Hungate, 56, told Reuters in his first interview since joining Singapore-based <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> Ltd in January.</p><p>The company was hiring for roles in data science, mapping technology and other specialised areas though every hire was a much bigger decision than it used to be, he said.</p><p>"You want to make sure that we're conserving capital. The hurdle for making a hire has definitely been raised." Decade-old Grab, a household name in Southeast Asia, had about 8,800 staff at the end of 2021. Like its rivals, it has benefited from a boom in food services during the Covid-19 pandemic, while ride-hailing suffered.</p><p>As economies open up, food delivery demand is softening while ride-hailing has yet to fully recover. Tech valuations have also fallen dramatically and inflation, slower growth and rising interest rates have emerged as risks.</p><p>In recent weeks, Southeast Asia's largest e-commerce firm Shopee cut jobs in various countries and shut some overseas operations after parent Sea reported widening losses and scrapped its annual e-commerce forecast.</p><p>Hungate, a veteran of the financial services, logistics and food sectors, has spearheaded a push away from low-margin business lines as Grab races to turn profitable.</p><p>Second-quarter loss narrowed to US$572 million from US$801 million a year earlier. But last month, it cut its gross merchandise volume outlook for the year, blaming a strong dollar and ebbing food delivery demand.</p><p>Last month, Grab said it was shutting dozens of so-called dark stores - distribution hubs for on-demand groceries and slowing the roll-out of its "cloud kitchen" centralised facilities for deliveries.</p><p>"The other area where we've really tightened our strategic intent is in financial services where we were growing payments, wallets and non-bank financial lending quite significantly off-platform and on our platform," said Hungate.</p><p>Grab reorganised its fintech unit this year to focus on more lucrative areas and Reuters reported on the exit of some senior executives.</p><p>Grab is now mainly focusing on selling its lending products and insurance on its platform to merchants and drivers who often repay from their income streams on the platform.</p><p>"As we make this shift, the business mix will move towards higher margins," said Hungate.</p><p>Grab-Singtel digital bank to launch savings account offering daily interest</p><p>Grab’s sales beat estimates, but falls behind GoTo in market value</p><p>Grab, which operates in 480 cities in eight countries, has more than five million registered drivers and more than two million merchants on its platform.</p><p>It caught global attention in 2018 when it acquired Uber's Southeast Asian business after a costly five-year battle.</p><p>Grab is betting on growing financial services by offering banking and other products with partner Singapore Telecommunications in key markets.</p><p>It listed on the Nasdaq in December after a record US$40 billion merger with a blank-check company.</p><p>Hungate said it was "good timing" for the company to look again at how it spends money, given the increased scrutiny of finances and the need to respond to shareholders.</p><p>"Maybe we were lucky in a sense that the discipline of being a public company came at just the right time," he said, adding that Grab's US$7.7 billion cash liquidity meant it was one of the best capitalised industry players in Southeast Asia.</p><p>Grab's shares have tumbled about 60 per cent this year to give it a market value of US$10.6 billion.</p><p>Reuters reported last month that Grab's Indonesian rival GoTo was seeking to raise about $1 billion through a convertible bond issue.</p><p>Hungate said Grab would provide details of its progress towards profitability and other metrics at its first investor day on Tuesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nGrab Sees No Big Layoffs Despite Weak Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-25 15:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.</p><p>Chief operating officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was "very careful and judicious about any hiring", and as a result, it had not got to the "desperate" point of a hiring freeze or mass layoffs.</p><p>"Around mid-year, we did some kind of specific reorganisations, but I know other companies have been doing mass layoffs, so we don't see ourselves in that category," Hungate, 56, told Reuters in his first interview since joining Singapore-based <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> Ltd in January.</p><p>The company was hiring for roles in data science, mapping technology and other specialised areas though every hire was a much bigger decision than it used to be, he said.</p><p>"You want to make sure that we're conserving capital. The hurdle for making a hire has definitely been raised." Decade-old Grab, a household name in Southeast Asia, had about 8,800 staff at the end of 2021. Like its rivals, it has benefited from a boom in food services during the Covid-19 pandemic, while ride-hailing suffered.</p><p>As economies open up, food delivery demand is softening while ride-hailing has yet to fully recover. Tech valuations have also fallen dramatically and inflation, slower growth and rising interest rates have emerged as risks.</p><p>In recent weeks, Southeast Asia's largest e-commerce firm Shopee cut jobs in various countries and shut some overseas operations after parent Sea reported widening losses and scrapped its annual e-commerce forecast.</p><p>Hungate, a veteran of the financial services, logistics and food sectors, has spearheaded a push away from low-margin business lines as Grab races to turn profitable.</p><p>Second-quarter loss narrowed to US$572 million from US$801 million a year earlier. But last month, it cut its gross merchandise volume outlook for the year, blaming a strong dollar and ebbing food delivery demand.</p><p>Last month, Grab said it was shutting dozens of so-called dark stores - distribution hubs for on-demand groceries and slowing the roll-out of its "cloud kitchen" centralised facilities for deliveries.</p><p>"The other area where we've really tightened our strategic intent is in financial services where we were growing payments, wallets and non-bank financial lending quite significantly off-platform and on our platform," said Hungate.</p><p>Grab reorganised its fintech unit this year to focus on more lucrative areas and Reuters reported on the exit of some senior executives.</p><p>Grab is now mainly focusing on selling its lending products and insurance on its platform to merchants and drivers who often repay from their income streams on the platform.</p><p>"As we make this shift, the business mix will move towards higher margins," said Hungate.</p><p>Grab-Singtel digital bank to launch savings account offering daily interest</p><p>Grab’s sales beat estimates, but falls behind GoTo in market value</p><p>Grab, which operates in 480 cities in eight countries, has more than five million registered drivers and more than two million merchants on its platform.</p><p>It caught global attention in 2018 when it acquired Uber's Southeast Asian business after a costly five-year battle.</p><p>Grab is betting on growing financial services by offering banking and other products with partner Singapore Telecommunications in key markets.</p><p>It listed on the Nasdaq in December after a record US$40 billion merger with a blank-check company.</p><p>Hungate said it was "good timing" for the company to look again at how it spends money, given the increased scrutiny of finances and the need to respond to shareholders.</p><p>"Maybe we were lucky in a sense that the discipline of being a public company came at just the right time," he said, adding that Grab's US$7.7 billion cash liquidity meant it was one of the best capitalised industry players in Southeast Asia.</p><p>Grab's shares have tumbled about 60 per cent this year to give it a market value of US$10.6 billion.</p><p>Reuters reported last month that Grab's Indonesian rival GoTo was seeking to raise about $1 billion through a convertible bond issue.</p><p>Hungate said Grab would provide details of its progress towards profitability and other metrics at its first investor day on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2270704423","content_text":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.Chief operating officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was \"very careful and judicious about any hiring\", and as a result, it had not got to the \"desperate\" point of a hiring freeze or mass layoffs.\"Around mid-year, we did some kind of specific reorganisations, but I know other companies have been doing mass layoffs, so we don't see ourselves in that category,\" Hungate, 56, told Reuters in his first interview since joining Singapore-based Grab Holdings Ltd in January.The company was hiring for roles in data science, mapping technology and other specialised areas though every hire was a much bigger decision than it used to be, he said.\"You want to make sure that we're conserving capital. The hurdle for making a hire has definitely been raised.\" Decade-old Grab, a household name in Southeast Asia, had about 8,800 staff at the end of 2021. Like its rivals, it has benefited from a boom in food services during the Covid-19 pandemic, while ride-hailing suffered.As economies open up, food delivery demand is softening while ride-hailing has yet to fully recover. Tech valuations have also fallen dramatically and inflation, slower growth and rising interest rates have emerged as risks.In recent weeks, Southeast Asia's largest e-commerce firm Shopee cut jobs in various countries and shut some overseas operations after parent Sea reported widening losses and scrapped its annual e-commerce forecast.Hungate, a veteran of the financial services, logistics and food sectors, has spearheaded a push away from low-margin business lines as Grab races to turn profitable.Second-quarter loss narrowed to US$572 million from US$801 million a year earlier. But last month, it cut its gross merchandise volume outlook for the year, blaming a strong dollar and ebbing food delivery demand.Last month, Grab said it was shutting dozens of so-called dark stores - distribution hubs for on-demand groceries and slowing the roll-out of its \"cloud kitchen\" centralised facilities for deliveries.\"The other area where we've really tightened our strategic intent is in financial services where we were growing payments, wallets and non-bank financial lending quite significantly off-platform and on our platform,\" said Hungate.Grab reorganised its fintech unit this year to focus on more lucrative areas and Reuters reported on the exit of some senior executives.Grab is now mainly focusing on selling its lending products and insurance on its platform to merchants and drivers who often repay from their income streams on the platform.\"As we make this shift, the business mix will move towards higher margins,\" said Hungate.Grab-Singtel digital bank to launch savings account offering daily interestGrab’s sales beat estimates, but falls behind GoTo in market valueGrab, which operates in 480 cities in eight countries, has more than five million registered drivers and more than two million merchants on its platform.It caught global attention in 2018 when it acquired Uber's Southeast Asian business after a costly five-year battle.Grab is betting on growing financial services by offering banking and other products with partner Singapore Telecommunications in key markets.It listed on the Nasdaq in December after a record US$40 billion merger with a blank-check company.Hungate said it was \"good timing\" for the company to look again at how it spends money, given the increased scrutiny of finances and the need to respond to shareholders.\"Maybe we were lucky in a sense that the discipline of being a public company came at just the right time,\" he said, adding that Grab's US$7.7 billion cash liquidity meant it was one of the best capitalised industry players in Southeast Asia.Grab's shares have tumbled about 60 per cent this year to give it a market value of US$10.6 billion.Reuters reported last month that Grab's Indonesian rival GoTo was seeking to raise about $1 billion through a convertible bond issue.Hungate said Grab would provide details of its progress towards profitability and other metrics at its first investor day on Tuesday.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":3137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935251772,"gmtCreate":1663111050796,"gmtModify":1676537203325,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"Hang in there","listText":"Hang in there","text":"Hang in there","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9935251772","repostId":"2267503275","repostType":4,"repost":{"id":"2267503275","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663100861,"share":"https://ttm.financial/m/news/2267503275?lang=&edition=fundamental","pubTime":"2022-09-14 04:27","market":"us","language":"en","title":"US STOCKS-Wall St Tumbles to Biggest Loss in Two Years Following CPI Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2267503275","media":"Reuters","summary":"U.S. consumer prices rise unexpectedlyLikelihood grows of a 100 bp Fed rate hike in SeptIndexes slid","content":"<html><head></head><body><ul><li>U.S. consumer prices rise unexpectedly</li><li>Likelihood grows of a 100 bp Fed rate hike in Sept</li><li>Indexes slide: Dow 3.94%, S&P 4.32%, Nasdaq 5.16%</li></ul><p>(Reuters) - A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.</p><p>All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since June 2020 during the throes of the COVID-19 pandemic.</p><p>Surging risk-off sentiment pulled every major sector deep into negative territory, with interest-rate-sensitive tech and tech-adjacent market leaders, led by <a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a> weighing heaviest.</p><p>"(The sell-off) is not a surprise given the rally running up to the data," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>The Labor Department's consumer price index (CPI) came in above consensus, interrupting a cooling trend and throwing cold water on hopes that the Federal Reserve could relent after September and ease up on its interest rate hikes.</p><p>Core CPI, which strips out volatile food and energy prices, increased more than expected, rising to 6.3% from 5.9% in July.</p><p>The report points to "very persistent inflation and that means the Fed is going to remain engaged and raise rates," Nolte added. "And that’s an anathema to equities."</p><p>Financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC's policy meeting next week, with a 32% probability of a super-sized, full-percentage-point increase to the Fed funds target rate, according to CME's FedWatch tool.</p><p>"The Fed has increased (interest rates) by three full percentage points in the last six months," Nolte said. "We have not yet felt the full impact of all those increases. But we will feel it."</p><p>"We are at recession’s doorstep."</p><p>Worries persist that a prolonged period of policy tightening from the Fed could tip the economy over the brink of recession.</p><p>The inversion of yields on two- and 10-year Treasury notes, regarded as a red flag of impending recession, widened further.</p><p>The Dow Jones Industrial Average fell 1,276.37 points, or 3.94%, to 31,104.97, the S&P 500 lost 177.72 points, or 4.32%, to 3,932.69 and the Nasdaq Composite dropped 632.84 points, or 5.16%, to 11,633.57.</p><p>All 11 major sectors of the S&P 500 ended the session deep in red territory.</p><p>Communications services, consumer discretionary and tech shares all plummeted more than 5%, while the tech subset semiconductor sector sank 6.2%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 7.76-to-1 ratio; on Nasdaq, a 3.64-to-1 ratio favored decliners.</p><p>The S&P 500 posted 1 new 52-week high and 16 new lows; the Nasdaq Composite recorded 29 new highs and 163 new lows.</p><p>Volume on U.S. exchanges was 11.58 billion shares, compared with the 10.33 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Tumbles to Biggest Loss in Two Years Following CPI Data</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\">\nUS STOCKS-Wall St Tumbles to Biggest Loss in Two Years Following CPI Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-14 04:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>U.S. consumer prices rise unexpectedly</li><li>Likelihood grows of a 100 bp Fed rate hike in Sept</li><li>Indexes slide: Dow 3.94%, S&P 4.32%, Nasdaq 5.16%</li></ul><p>(Reuters) - A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.</p><p>All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since June 2020 during the throes of the COVID-19 pandemic.</p><p>Surging risk-off sentiment pulled every major sector deep into negative territory, with interest-rate-sensitive tech and tech-adjacent market leaders, led by <a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp</a> and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a> weighing heaviest.</p><p>"(The sell-off) is not a surprise given the rally running up to the data," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.</p><p>The Labor Department's consumer price index (CPI) came in above consensus, interrupting a cooling trend and throwing cold water on hopes that the Federal Reserve could relent after September and ease up on its interest rate hikes.</p><p>Core CPI, which strips out volatile food and energy prices, increased more than expected, rising to 6.3% from 5.9% in July.</p><p>The report points to "very persistent inflation and that means the Fed is going to remain engaged and raise rates," Nolte added. "And that’s an anathema to equities."</p><p>Financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC's policy meeting next week, with a 32% probability of a super-sized, full-percentage-point increase to the Fed funds target rate, according to CME's FedWatch tool.</p><p>"The Fed has increased (interest rates) by three full percentage points in the last six months," Nolte said. "We have not yet felt the full impact of all those increases. But we will feel it."</p><p>"We are at recession’s doorstep."</p><p>Worries persist that a prolonged period of policy tightening from the Fed could tip the economy over the brink of recession.</p><p>The inversion of yields on two- and 10-year Treasury notes, regarded as a red flag of impending recession, widened further.</p><p>The Dow Jones Industrial Average fell 1,276.37 points, or 3.94%, to 31,104.97, the S&P 500 lost 177.72 points, or 4.32%, to 3,932.69 and the Nasdaq Composite dropped 632.84 points, or 5.16%, to 11,633.57.</p><p>All 11 major sectors of the S&P 500 ended the session deep in red territory.</p><p>Communications services, consumer discretionary and tech shares all plummeted more than 5%, while the tech subset semiconductor sector sank 6.2%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 7.76-to-1 ratio; on Nasdaq, a 3.64-to-1 ratio favored decliners.</p><p>The S&P 500 posted 1 new 52-week high and 16 new lows; the Nasdaq Composite recorded 29 new highs and 163 new lows.</p><p>Volume on U.S. exchanges was 11.58 billion shares, compared with the 10.33 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267503275","content_text":"U.S. consumer prices rise unexpectedlyLikelihood grows of a 100 bp Fed rate hike in SeptIndexes slide: Dow 3.94%, S&P 4.32%, Nasdaq 5.16%(Reuters) - A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since June 2020 during the throes of the COVID-19 pandemic.Surging risk-off sentiment pulled every major sector deep into negative territory, with interest-rate-sensitive tech and tech-adjacent market leaders, led by Apple Inc, Microsoft Corp and Amazon.com Inc weighing heaviest.\"(The sell-off) is not a surprise given the rally running up to the data,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.The Labor Department's consumer price index (CPI) came in above consensus, interrupting a cooling trend and throwing cold water on hopes that the Federal Reserve could relent after September and ease up on its interest rate hikes.Core CPI, which strips out volatile food and energy prices, increased more than expected, rising to 6.3% from 5.9% in July.The report points to \"very persistent inflation and that means the Fed is going to remain engaged and raise rates,\" Nolte added. \"And that’s an anathema to equities.\"Financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC's policy meeting next week, with a 32% probability of a super-sized, full-percentage-point increase to the Fed funds target rate, according to CME's FedWatch tool.\"The Fed has increased (interest rates) by three full percentage points in the last six months,\" Nolte said. \"We have not yet felt the full impact of all those increases. But we will feel it.\"\"We are at recession’s doorstep.\"Worries persist that a prolonged period of policy tightening from the Fed could tip the economy over the brink of recession.The inversion of yields on two- and 10-year Treasury notes, regarded as a red flag of impending recession, widened further.The Dow Jones Industrial Average fell 1,276.37 points, or 3.94%, to 31,104.97, the S&P 500 lost 177.72 points, or 4.32%, to 3,932.69 and the Nasdaq Composite dropped 632.84 points, or 5.16%, to 11,633.57.All 11 major sectors of the S&P 500 ended the session deep in red territory.Communications services, consumer discretionary and tech shares all plummeted more than 5%, while the tech subset semiconductor sector sank 6.2%.Declining issues outnumbered advancing ones on the NYSE by a 7.76-to-1 ratio; on Nasdaq, a 3.64-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week high and 16 new lows; the Nasdaq Composite recorded 29 new highs and 163 new lows.Volume on U.S. exchanges was 11.58 billion shares, compared with the 10.33 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.6}},"isVote":1,"tweetType":1,"viewCount":3003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935621995,"gmtCreate":1663083509418,"gmtModify":1676537199725,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"Oh goodness","listText":"Oh goodness","text":"Oh goodness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935621995","repostId":"1189570916","repostType":4,"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936644455,"gmtCreate":1662769978777,"gmtModify":1676537136046,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"Let's go!","listText":"Let's go!","text":"Let's go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936644455","repostId":"2266310802","repostType":4,"isVote":1,"tweetType":1,"viewCount":2225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933280730,"gmtCreate":1662296566921,"gmtModify":1676537032339,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"Let's go!","listText":"Let's go!","text":"Let's go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933280730","isVote":1,"tweetType":1,"viewCount":2337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995809231,"gmtCreate":1661436822425,"gmtModify":1676536518337,"author":{"id":"3581540357168782","authorId":"3581540357168782","name":"Foongkie","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581540357168782","idStr":"3581540357168782"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Now or never!","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Now or never!","text":"$Tesla Motors(TSLA)$Now or never!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995809231","isVote":1,"tweetType":1,"viewCount":2351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}
