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- rexSrexS
  ·2021-04-23
  Hope panic selling doesn't continue! Come bulls come! 🙏
  Would Tax Hikes Spell Doom for the Stock Market?
  Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stoc
  Would Tax Hikes Spell Doom for the Stock Market?
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- rexSrexS
  ·2021-04-23
  That news ate more than 5% from my lot last night. 😢 Hope to recover soon!
  Biden to float historic tax increase on investment gains for the rich
  President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the l
  Biden to float historic tax increase on investment gains for the rich
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- rexSrexS
  ·2021-04-21
  S&P500 ate up half of my last week gains.. 😢 Hope it will recover in 2~3 days. 🌈
  Wall Street closes lower as virus spike hits travel stocks
  Kansas City Southern surges on bid from Canadian National. NEW YORK, April 20 - Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.Kansas City Southern surged on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacif
  Wall Street closes lower as virus spike hits travel stocks
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- rexSrexS
  ·2021-04-12
  $STI ETF(ES3.SI)$Come on SG!
  615 评论
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- rexSrexS
  ·2021-04-06
  $Tiger Brokers(TIGR)$name: UP Fintech, direction: DOWN (everyday??)
  627 2
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- rexSrexS
  ·2021-04-06
  Hope they change their mind to launch cheapest model earlier than mid-range model.
  Blank check company PSAC surged 13% in premarket trading
  The shares of PSAC surged 13% in Tuesday premarket trading after Faraday Future submitting the listing documents to the SEC and planning to land on NASDAQ as soon as May.Property Solutions Acquisition Corp. is a blank check company formed in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. PSAC was incorporated under the laws of Delaware on February11, 2020.FF is a California-basedglobal shared inte
  Blank check company PSAC surged 13% in premarket trading
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- rexSrexS
  ·2021-04-01
  $Tiger Brokers(TIGR)$ Road to recovery! Hope pre-market goodness continues.
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panic selling doesn't continue! Come bulls come! 🙏","listText":"Hope panic selling doesn't continue! Come bulls come! 🙏","text":"Hope panic selling doesn't continue! Come bulls come! 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/372361560","repostId":"1128911279","repostType":4,"repost":{"id":"1128911279","kind":"news","pubTimestamp":1619161805,"share":"https://ttm.financial/m/news/1128911279?lang=&edition=full","pubTime":"2021-04-23 15:10","market":"us","language":"en","title":"Would Tax Hikes Spell Doom for the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128911279","media":"Motley Fool","summary":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stoc","content":"<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.</p><p>The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the&nbsp;<b>Dow Jones Industrial Average</b>&nbsp;(DJINDICES:^DJI),<b>S&amp;P 500</b>&nbsp;(SNPINDEX:^GSPC), and&nbsp;<b>Nasdaq Composite</b>&nbsp;(NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bffd9c86b9306074ca1ff042f238caed\" tg-width=\"1152\" tg-height=\"333\" referrerpolicy=\"no-referrer\"><span>DATA SOURCE: YAHOO! FINANCE.</span></p><p>The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable&nbsp;tax rate on capital gains, the profits they realize when they sell stocks or other investments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeff2a6b63b58cdea2311005593d3979\" tg-width=\"2000\" tg-height=\"1332\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>What taxes could go up, and on whom?</b></p><p>The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.</p><p>Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.</p><p>Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.</p><p><b>Why investors shouldn't be surprised</b></p><p>The reported proposal isn't a new one. Biden&nbsp;discussed it during the 2020 presidential campaign&nbsp;as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.</p><p>Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.</p><p><b>Is a stock market crash imminent?</b></p><p>It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.</p><p>Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.</p><p>Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them&nbsp;<i>define</i>&nbsp;how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.</p><p>Read more:<a href=\"https://laohu8.com/NW/1180283228\" target=\"_blank\">Stocks Will Get Over Their Big Biden Tax Wobble</a></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>Would Tax Hikes Spell Doom for the Stock Market?</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\">\nWould Tax Hikes Spell Doom for the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 15:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128911279","content_text":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the Dow Jones Industrial Average (DJINDICES:^DJI),S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.DATA SOURCE: YAHOO! FINANCE.The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable tax rate on capital gains, the profits they realize when they sell stocks or other investments.IMAGE SOURCE: GETTY IMAGES.What taxes could go up, and on whom?The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.Why investors shouldn't be surprisedThe reported proposal isn't a new one. Biden discussed it during the 2020 presidential campaign as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.Is a stock market crash imminent?It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them define how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.Read more:Stocks Will Get Over Their Big Biden Tax Wobble","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":707,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376728299,"gmtCreate":1619150675711,"gmtModify":1631884329211,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"That news ate more than 5% from my lot last night. 😢 Hope to recover soon!&nbsp;","listText":"That news ate more than 5% from my lot last night. 😢 Hope to recover soon!&nbsp;","text":"That news ate more than 5% from my lot last night. 😢 Hope to recover soon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376728299","repostId":"1141178573","repostType":4,"repost":{"id":"1141178573","kind":"news","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":1619147275,"share":"https://ttm.financial/m/news/1141178573?lang=&edition=full","pubTime":"2021-04-23 11:07","market":"us","language":"en","title":"Biden to float historic tax increase on investment gains for the rich","url":"https://stock-news.laohu8.com/highlight/detail?id=1141178573","media":"Reuters","summary":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the l","content":"<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</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>Biden to float historic tax increase on investment gains for the rich</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\">\nBiden to float historic tax increase on investment gains for the rich\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\">2021-04-23 11:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141178573","content_text":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.Biden has promised not to raise taxes on households earning less than $400,000.Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom BrennerShe said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.CAPITAL GAINSBiden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax RateToday the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that\"Congress will settle on a more modest increase, potentially around 28%.\"As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.2. We expect Congress will pass a scaled back version of this tax increase.While it is possible that Congress might pass the proposal in its entirety,we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue.4. It is unclear when the higher rate would be effective, but we see three main options.First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371441374,"gmtCreate":1618967899998,"gmtModify":1631883809268,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"S&amp;P500 ate up half of my last week gains.. 😢 Hope it will recover in 2~3 days. 🌈","listText":"S&amp;P500 ate up half of my last week gains.. 😢 Hope it will recover in 2~3 days. 🌈","text":"S&P500 ate up half of my last week gains.. 😢 Hope it will recover in 2~3 days. 🌈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371441374","repostId":"2129289138","repostType":4,"repost":{"id":"2129289138","kind":"news","pubTimestamp":1618948839,"share":"https://ttm.financial/m/news/2129289138?lang=&edition=full","pubTime":"2021-04-21 04:00","market":"us","language":"en","title":"Wall Street closes lower as virus spike hits travel stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2129289138","media":"Reuters","summary":"Kansas City Southern surges on bid from Canadian National. NEW YORK, April 20  - Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.Kansas City Southern surged on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacif","content":"<ul>\n <li>Kansas City Southern surges on bid from Canadian National</li>\n <li>Boeing slides on CFO's shock retirement</li>\n <li>CBOE volatility index hits three-week high (Adds market close at 4 p.m.)</li>\n</ul>\n<p>By Herbert Lash</p>\n<p>NEW YORK, April 20 (Reuters) - Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.</p>\n<p>Kansas City Southern surged on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific.</p>\n<p>Boeing Co slid on the unexpected departure of its finance chief, the latest shock to hit the planemaker as it fights to recover from the pandemic and 737 MAX crisis.</p>\n<p>Investors piled into defensive sectors considered relatively safe during times of economic uncertainty, lifting real estate , utilities, consumer staples and healthcare as financials and energy shares fell hard.</p>\n<p>Shares of airline operators and cruiseliners including JetBlue Airways, American Airlines, Norwegian Cruise Line and Carnival Corp, which were hammered last year during lockdowns but have climbed recently on the reopening hopes, fell around 5%.</p>\n<p>Some of the recent optimism about the leisure industry has waned as the reopening might take a bit longer than initially thought, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.</p>\n<p>\"We're not out of the woods yet when it comes to the COVID virus and getting to where global economies are reopening,\" he said. \"Some of that enthusiasm has diminished.\"</p>\n<p>A leading epidemiologist at the World Health Organization said on Monday the latest rise in COVID-19 infections worldwide reflected increases among all age groups.</p>\n<p>Wall Street scaled record highs last week as investors bet on stocks such as industrials and miners that are seen as benefiting from the economic rebound, while highly valued technology stocks regained favor after a retreat in bond yields.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 0.75% to end at 33,820.51 points, while the S&amp;P 500 lost 0.68% to 4,134.96.</p>\n<p>The Nasdaq Composite dropped 0.92% to 13,786.27.</p>\n<p>The CBOE volatility index, known as Wall Street's fear gauge, climbed above 19 points for the first time since March 31, but closed a bit below that.</p>\n<p>JPMorgan Chase &amp; Co, $Bank of America Corp(BAC-N)$, $Citigroup Inc(C-N)$ and Wells Fargo &amp; Co led financials lower as analysts reassessed their earnings reports, said Dick Bove, senior research analyst at Odeon Capital Group.</p>\n<p>Accounting changes on how to report loan reserves skewered numbers when compared to a year ago, he said.</p>\n<p>\"People made the assumption this was a gangbusters quarter for the banking industry when that's far from the truth,\" Bove said, adding second-half profits are expected to be very strong.</p>\n<p>United Airlines Holdings Inc was the largest decliner on the S&amp;P 500 after reporting a bigger-than-expected adjusted net loss to push the S&amp;P 1500 airline index down.</p>\n<p>Shares of video-streaming service provider Netflix Inc , which thrived during last year's lockdowns, fell ahead of its results due after the closing bell.</p>\n<p>International Business Machines Corp rose after recording the biggest increase in quarterly sales in more than two years.</p>\n<p>Analysts expect first-quarter earnings from S&amp;P 500 firms to jump 31.5% from a year earlier, according to Refinitiv IBES data. </p>\n<p>(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Sriraj Kalluvila, Anil D'Silva and Arun Koyyur and Richard Chang)</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 closes lower as virus spike hits travel stocks</title>\n<style 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}\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 closes lower as virus spike hits travel stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-closes-200039635.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kansas City Southern surges on bid from Canadian National\nBoeing slides on CFO's shock retirement\nCBOE volatility index hits three-week high (Adds market close at 4 p.m.)\n\nBy Herbert Lash\nNEW YORK, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-closes-200039635.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","BA":"波音","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","QNETCN":"纳斯达克中美互联网老虎指数","KSU":"堪萨斯南方铁路","OEF":"标普100指数ETF-iShares","OEX":"标普100","SDS":"两倍做空标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-closes-200039635.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2129289138","content_text":"Kansas City Southern surges on bid from Canadian National\nBoeing slides on CFO's shock retirement\nCBOE volatility index hits three-week high (Adds market close at 4 p.m.)\n\nBy Herbert Lash\nNEW YORK, April 20 (Reuters) - Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.\nKansas City Southern surged on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific.\nBoeing Co slid on the unexpected departure of its finance chief, the latest shock to hit the planemaker as it fights to recover from the pandemic and 737 MAX crisis.\nInvestors piled into defensive sectors considered relatively safe during times of economic uncertainty, lifting real estate , utilities, consumer staples and healthcare as financials and energy shares fell hard.\nShares of airline operators and cruiseliners including JetBlue Airways, American Airlines, Norwegian Cruise Line and Carnival Corp, which were hammered last year during lockdowns but have climbed recently on the reopening hopes, fell around 5%.\nSome of the recent optimism about the leisure industry has waned as the reopening might take a bit longer than initially thought, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.\n\"We're not out of the woods yet when it comes to the COVID virus and getting to where global economies are reopening,\" he said. \"Some of that enthusiasm has diminished.\"\nA leading epidemiologist at the World Health Organization said on Monday the latest rise in COVID-19 infections worldwide reflected increases among all age groups.\nWall Street scaled record highs last week as investors bet on stocks such as industrials and miners that are seen as benefiting from the economic rebound, while highly valued technology stocks regained favor after a retreat in bond yields.\nUnofficially, the Dow Jones Industrial Average fell 0.75% to end at 33,820.51 points, while the S&P 500 lost 0.68% to 4,134.96.\nThe Nasdaq Composite dropped 0.92% to 13,786.27.\nThe CBOE volatility index, known as Wall Street's fear gauge, climbed above 19 points for the first time since March 31, but closed a bit below that.\nJPMorgan Chase & Co, $Bank of America Corp(BAC-N)$, $Citigroup Inc(C-N)$ and Wells Fargo & Co led financials lower as analysts reassessed their earnings reports, said Dick Bove, senior research analyst at Odeon Capital Group.\nAccounting changes on how to report loan reserves skewered numbers when compared to a year ago, he said.\n\"People made the assumption this was a gangbusters quarter for the banking industry when that's far from the truth,\" Bove said, adding second-half profits are expected to be very strong.\nUnited Airlines Holdings Inc was the largest decliner on the S&P 500 after reporting a bigger-than-expected adjusted net loss to push the S&P 1500 airline index down.\nShares of video-streaming service provider Netflix Inc , which thrived during last year's lockdowns, fell ahead of its results due after the closing bell.\nInternational Business Machines Corp rose after recording the biggest increase in quarterly sales in more than two years.\nAnalysts expect first-quarter earnings from S&P 500 firms to jump 31.5% from a year earlier, according to Refinitiv IBES data. \n(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Sriraj Kalluvila, Anil D'Silva and Arun Koyyur and Richard Chang)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".SPX":0.9,"BA":0.9,"ESmain":0.9,"IVV":0.9,"KSU":0.9,"OEF":0.9,"OEX":0.9,"QNETCN":0.9,"SDS":0.9,"SH":0.9,"SPXU":0.9,"SSO":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342341644,"gmtCreate":1618187445388,"gmtModify":1631885686561,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>Come on SG!&nbsp;","listText":"<a href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>Come on SG!&nbsp;","text":"$STI ETF(ES3.SI)$Come on SG!","images":[{"img":"https://static.tigerbbs.com/71fe60dac6cb26b74f9b7a0eeab6be20","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/342341644","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343298247,"gmtCreate":1617717399689,"gmtModify":1634296948027,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>name: UP Fintech, direction: DOWN (everyday??)&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>name: UP Fintech, direction: DOWN (everyday??)&nbsp;","text":"$Tiger Brokers(TIGR)$name: UP Fintech, direction: DOWN (everyday??)","images":[{"img":"https://static.tigerbbs.com/b43863e3c50efc4535ee586cc53a615c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/343298247","isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343865264,"gmtCreate":1617704051958,"gmtModify":1634297030143,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"Hope they change their mind to launch cheapest model earlier than mid-range model.&nbsp;","listText":"Hope they change their mind to launch cheapest model earlier than mid-range model.&nbsp;","text":"Hope they change their mind to launch cheapest model earlier than mid-range model.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343865264","repostId":"1140879892","repostType":4,"repost":{"id":"1140879892","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":1617698205,"share":"https://ttm.financial/m/news/1140879892?lang=&edition=full","pubTime":"2021-04-06 16:36","market":"us","language":"en","title":"Blank check company PSAC surged 13% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1140879892","media":"Tiger Newspress","summary":"The shares of PSAC surged 13% in Tuesday premarket trading after Faraday Future submitting the listing documents to the SEC and planning to land on NASDAQ as soon as May.Property Solutions Acquisition Corp. is a blank check company formed in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. PSAC was incorporated under the laws of Delaware on February11, 2020.FF is a California-basedglobal shared inte","content":"<p>The&nbsp;shares&nbsp;of&nbsp;PSAC surged 13% in&nbsp;Tuesday premarket trading&nbsp;after&nbsp;Faraday Future(FF) submitting the listing documents to the&nbsp;SEC and planning&nbsp;to&nbsp;land on NASDAQ as soon as May.</p><p><img src=\"https://static.tigerbbs.com/1826f2a1d4a97178075b846b10929887\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Property Solutions Acquisition Corp. is a blank check company formed in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. PSAC was incorporated under the laws of Delaware on February11, 2020.</p><p>FF is a California-basedglobal shared intelligent mobility ecosystem company founded in 2014 with a vision to disrupt the automotive industry.</p><p>With headquarters in Los Angeles, California, FF designs and engineers next-generationsmart electric connected vehicles. FF intends to start manufacturing vehicles at its production facility in Hanford, California, with additional future production capacity needs addressed through a contract manufacturing partner in South Korea. FF has additional engineering, sales, and operational capabilities in China and plans to develop its manufacturing capability in China through a joint venture.</p><p>Pursuant to the Merger Agreement, Merger Sub will merge with and into FF, with FF surviving the merger. As a result of the Transactions, FF will become a wholly-ownedsubsidiary of PSAC, with the stockholders of FF becoming stockholders of PSAC.</p><p>Faraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e38bfb3211c72bb73bc26f2ebe296fe\" tg-width=\"1280\" tg-height=\"854\" referrerpolicy=\"no-referrer\"><span>FF 91. Source: Faraday Future</span></p><p>Its strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.</p><p>Faraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.</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>Blank check company PSAC surged 13% in premarket trading</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\">\nBlank check company PSAC surged 13% in premarket trading\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\">2021-04-06 16:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The&nbsp;shares&nbsp;of&nbsp;PSAC surged 13% in&nbsp;Tuesday premarket trading&nbsp;after&nbsp;Faraday Future(FF) submitting the listing documents to the&nbsp;SEC and planning&nbsp;to&nbsp;land on NASDAQ as soon as May.</p><p><img src=\"https://static.tigerbbs.com/1826f2a1d4a97178075b846b10929887\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Property Solutions Acquisition Corp. is a blank check company formed in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. PSAC was incorporated under the laws of Delaware on February11, 2020.</p><p>FF is a California-basedglobal shared intelligent mobility ecosystem company founded in 2014 with a vision to disrupt the automotive industry.</p><p>With headquarters in Los Angeles, California, FF designs and engineers next-generationsmart electric connected vehicles. FF intends to start manufacturing vehicles at its production facility in Hanford, California, with additional future production capacity needs addressed through a contract manufacturing partner in South Korea. FF has additional engineering, sales, and operational capabilities in China and plans to develop its manufacturing capability in China through a joint venture.</p><p>Pursuant to the Merger Agreement, Merger Sub will merge with and into FF, with FF surviving the merger. As a result of the Transactions, FF will become a wholly-ownedsubsidiary of PSAC, with the stockholders of FF becoming stockholders of PSAC.</p><p>Faraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e38bfb3211c72bb73bc26f2ebe296fe\" tg-width=\"1280\" tg-height=\"854\" referrerpolicy=\"no-referrer\"><span>FF 91. Source: Faraday Future</span></p><p>Its strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.</p><p>Faraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.</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":"1140879892","content_text":"The shares of PSAC surged 13% in Tuesday premarket trading after Faraday Future(FF) submitting the listing documents to the SEC and planning to land on NASDAQ as soon as May.Property Solutions Acquisition Corp. is a blank check company formed in order to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. PSAC was incorporated under the laws of Delaware on February11, 2020.FF is a California-basedglobal shared intelligent mobility ecosystem company founded in 2014 with a vision to disrupt the automotive industry.With headquarters in Los Angeles, California, FF designs and engineers next-generationsmart electric connected vehicles. FF intends to start manufacturing vehicles at its production facility in Hanford, California, with additional future production capacity needs addressed through a contract manufacturing partner in South Korea. FF has additional engineering, sales, and operational capabilities in China and plans to develop its manufacturing capability in China through a joint venture.Pursuant to the Merger Agreement, Merger Sub will merge with and into FF, with FF surviving the merger. As a result of the Transactions, FF will become a wholly-ownedsubsidiary of PSAC, with the stockholders of FF becoming stockholders of PSAC.Faraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.FF 91. Source: Faraday FutureIts strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.Faraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.","news_type":1,"symbols_score_info":{"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357282299,"gmtCreate":1617278465511,"gmtModify":1634521656363,"author":{"id":"3576995687345163","authorId":"3576995687345163","name":"rexS","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576995687345163","authorIdStr":"3576995687345163"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Road to recovery! Hope pre-market goodness continues.&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;Road to recovery! Hope pre-market goodness continues.&nbsp;","text":"$Tiger Brokers(TIGR)$ Road to recovery! Hope pre-market goodness continues.","images":[{"img":"https://static.tigerbbs.com/7c943b4d7a94e14e7522f1308d00835a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357282299","isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}