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luckiestar
luckiestar
·
2021-05-13
Stock lossess
Why Cramer Sees Cathie Wood's Top Tech Picks Heading Further Lower
CNBC "Mad Money" host Jim Cramersaid Tuesdayrising inflation is taking a toll on tech stocks, and te
Why Cramer Sees Cathie Wood's Top Tech Picks Heading Further Lower
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luckiestar
luckiestar
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2021-05-13
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Tesla and Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know
Stock futures fall after a jump in U.S. inflation; bitcoin sinks after Elon Musk says Tesla is no lo
Tesla and Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know
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lossess","listText":"Stock lossess","text":"Stock lossess","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191476911","repostId":"1104436444","repostType":4,"repost":{"id":"1104436444","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620902918,"share":"https://www.laohu8.com/m/news/1104436444?lang=&edition=full","pubTime":"2021-05-13 18:48","market":"us","language":"en","title":"Why Cramer Sees Cathie Wood's Top Tech Picks Heading Further Lower","url":"https://stock-news.laohu8.com/highlight/detail?id=1104436444","media":"Benzinga","summary":"CNBC \"Mad Money\" host Jim Cramersaid Tuesdayrising inflation is taking a toll on tech stocks, and te","content":"<p>CNBC \"Mad Money\" host Jim Cramersaid Tuesdayrising inflation is taking a toll on tech stocks, and tech-heavy investors such as Cathie Wood-led Ark Investment Management LLC could see more pain in the near future.</p><p>Cramer said investors in technology stocks should either brace up for more pain or cut losses on the next sharp move up as turbo-charged growth stocks are getting hit in the current inflationary environment where bond yields are on the rise as well which in turn makes the future earnings from stocks less attractive.</p><p>The former hedge fund manager noted that some of the tech stocks are already down double-digits so far in May and make up the largest positions in three of Wood’s exchange-traded funds such as the <b>Ark Innovation ETF</b> ARKK 0.03%, the <b>Ark Genomic Revolution ETF</b> (BATS:ARKG) and the <b>Ark Fintech Innovation ETF</b> ARKF.</p><p>Ark counts <b>Tesla Inc</b> TSLA, <b>Teladoc Health Inc</b> TDOC 0.03%, <b>Square Inc</b> SQ, <b>Roku Inc</b> ROKU, <b>Shopify Inc</b>SHOP, <b>Twilio Inc</b> TWLO 0.06% among others as its top investments in these ETFs.</p><p>“What worked in 2020 hasn’t been working in 2021 and that’s not gonna change, so get used to it,” Cramer said, noting that Wood is \"fantastic at identifying\" stocks with the potential for the long haul but they don't fare well in all seasons.</p><p>ARKK shares closed 3.73% lower at $102.16 on Wednesday and are down 18% so far this year. ARKG shares closed 2.52% lower at $74.99 and are down 19.5% year-to-date. ARKF shares closed 3.96% lower at $45.85 and are down 7.76% year-to-date.</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>Why Cramer Sees Cathie Wood's Top Tech Picks Heading Further Lower</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\">\nWhy Cramer Sees Cathie Wood's Top Tech Picks Heading Further Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-13 18:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>CNBC \"Mad Money\" host Jim Cramersaid Tuesdayrising inflation is taking a toll on tech stocks, and tech-heavy investors such as Cathie Wood-led Ark Investment Management LLC could see more pain in the near future.</p><p>Cramer said investors in technology stocks should either brace up for more pain or cut losses on the next sharp move up as turbo-charged growth stocks are getting hit in the current inflationary environment where bond yields are on the rise as well which in turn makes the future earnings from stocks less attractive.</p><p>The former hedge fund manager noted that some of the tech stocks are already down double-digits so far in May and make up the largest positions in three of Wood’s exchange-traded funds such as the <b>Ark Innovation ETF</b> ARKK 0.03%, the <b>Ark Genomic Revolution ETF</b> (BATS:ARKG) and the <b>Ark Fintech Innovation ETF</b> ARKF.</p><p>Ark counts <b>Tesla Inc</b> TSLA, <b>Teladoc Health Inc</b> TDOC 0.03%, <b>Square Inc</b> SQ, <b>Roku Inc</b> ROKU, <b>Shopify Inc</b>SHOP, <b>Twilio Inc</b> TWLO 0.06% among others as its top investments in these ETFs.</p><p>“What worked in 2020 hasn’t been working in 2021 and that’s not gonna change, so get used to it,” Cramer said, noting that Wood is \"fantastic at identifying\" stocks with the potential for the long haul but they don't fare well in all seasons.</p><p>ARKK shares closed 3.73% lower at $102.16 on Wednesday and are down 18% so far this year. ARKG shares closed 2.52% lower at $74.99 and are down 19.5% year-to-date. ARKF shares closed 3.96% lower at $45.85 and are down 7.76% year-to-date.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104436444","content_text":"CNBC \"Mad Money\" host Jim Cramersaid Tuesdayrising inflation is taking a toll on tech stocks, and tech-heavy investors such as Cathie Wood-led Ark Investment Management LLC could see more pain in the near future.Cramer said investors in technology stocks should either brace up for more pain or cut losses on the next sharp move up as turbo-charged growth stocks are getting hit in the current inflationary environment where bond yields are on the rise as well which in turn makes the future earnings from stocks less attractive.The former hedge fund manager noted that some of the tech stocks are already down double-digits so far in May and make up the largest positions in three of Wood’s exchange-traded funds such as the Ark Innovation ETF ARKK 0.03%, the Ark Genomic Revolution ETF (BATS:ARKG) and the Ark Fintech Innovation ETF ARKF.Ark counts Tesla Inc TSLA, Teladoc Health Inc TDOC 0.03%, Square Inc SQ, Roku Inc ROKU, Shopify IncSHOP, Twilio Inc TWLO 0.06% among others as its top investments in these ETFs.“What worked in 2020 hasn’t been working in 2021 and that’s not gonna change, so get used to it,” Cramer said, noting that Wood is \"fantastic at identifying\" stocks with the potential for the long haul but they don't fare well in all seasons.ARKK shares closed 3.73% lower at $102.16 on Wednesday and are down 18% so far this year. ARKG shares closed 2.52% lower at $74.99 and are down 19.5% year-to-date. ARKF shares closed 3.96% lower at $45.85 and are down 7.76% year-to-date.","news_type":1,"symbols_score_info":{"ARKF":0.9,"ARKG":0.9,"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191470322,"gmtCreate":1620903684566,"gmtModify":1634195432965,"author":{"id":"3581927700602166","authorId":"3581927700602166","name":"luckiestar","avatar":"https://static.tigerbbs.com/cbe5f05513c2794aeb54a44087272ab1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581927700602166","authorIdStr":"3581927700602166"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191470322","repostId":"1123206612","repostType":4,"repost":{"id":"1123206612","kind":"news","pubTimestamp":1620903183,"share":"https://www.laohu8.com/m/news/1123206612?lang=&edition=full","pubTime":"2021-05-13 18:53","market":"us","language":"en","title":"Tesla and Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1123206612","media":"The Street","summary":"Stock futures fall after a jump in U.S. inflation; bitcoin sinks after Elon Musk says Tesla is no lo","content":"<blockquote>Stock futures fall after a jump in U.S. inflation; bitcoin sinks after Elon Musk says Tesla is no longer accepting payments in the digital currency; Colonial Pipeline restarts; Disney and Alibaba report earnings.</blockquote><p>Here are five things you must know for Thursday, May 13:</p><p><b>1. Stock Futures Signal a Further Wall Street Retreat</b></p><p>Stock futures pointed to a drop for Wall Street on Thursday after a jump in U.S. consumer prices added to worries that higher inflation could hamper an economic recovery.</p><p>Contracts linked to the Dow Jones Industrial Average fell 156 points, S&P 500 futures were down 10 points and Nasdaq futures declined 15 points.</p><p>Stocks ended lower Wednesday for a third straight sessionafter consumer inflation in the U.S. rose in April by the most since 2009. The Dow tumbled nearly 2%, the S&P 500 dropped 2.14% and the Nasdaq slumped 2.67%.</p><p>The Dow suffered its worst day since January.</p><p>\"Inflation and interest rate jitters are hitting the market ... but for now the selloff has been orderly,\" said Cliff Hodge, chief investment officer for Cornerstone Wealth. \"Letting some air out of these sky-high valuations is a positive going forward. We’re heading to the seasonally slow time of the year, so sell in May is top of mind.\"</p><p>Investors have grown increasingly worried that persistent inflation will force the Federal Reserve to pull back on stimulus and boost interest rates that are near zero.</p><p>The Fed has insisted that any spike in inflation would be temporary. Federal Reserve Vice Chairman Richard Clarida said as much on Wednesday and added the central bank \"would not hesitate to act” if necessary to bring inflation down to its \"2% longer-run goal.\"</p><p><b>2. Bitcoin Sinks After Musk Says Tesla Will No Longer Accept It for Purchases</b></p><p>Bitcoin dropped sharply to below $50,000 after Tesla (<b>TSLA</b>) -Get Report CEO Elon Musk tweeted that his electric vehicle company wasno longer accepting payments in the digital currencybecause of environmental concerns.</p><p>“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emission of any fuel,” Musk said in a tweet late Wednesday.</p><p>Musk added that Tesla won’t be selling any of the bitcoin it holds. He said the company was looking at other cryptocurrencies that use far less energy per transaction.</p><p>Bitcoin gained additional credibility earlier this year whenTesla said it had bought $1.5 billion worth of the cryptocurrencyand announced it would begin accepting bitcoin for payments.</p><p>The world's largest cryptocurrency pared earlier losses and was recently down 12.13% to $49,670, according to CoinDesk.</p><p>Tesla fell 1.61% in premarket trading Thursday to $580.41. The stock declined 4.42% in Wednesday's broad market selloff.</p><p><b>3. Oil Drops as Colonial Pipeline Restarts After Hack</b></p><p>Oil prices in the U.S. fell more than 2% early Thursday after the biggest U.S. pipeline slowly started to return to service following a cyberattack at the end of last week.</p><p>West Texas Intermediate crude oil fell 2.51% to $64.42 a barrel.</p><p>Colonial Pipeline said it initiated a restart at around 5 p.m. ETbut cautioned \"it will take several days for the product delivery supply chain to return to normal.</p><p>\"Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal,\" the company added in a statement.</p><p>The Colonial network is the main source of gasoline, diesel and jet fuel for the East Coast.</p><p>The pipeline's shutdown on May 7 led to gas shortages in the southeastern and mid-Atlantic regions of the U.S. and sent gas prices soaring to above $3 a barrel for the first time in roughly seven years.</p><p>8 Oil Stocks Cramer Likes, 4 He Doesn't Amid Ongoing Pipeline Shutdown</p><p><b>4. Boeing Gets FAA Approval for Electrical Fixes to 737 MAX</b></p><p>Boeing (<b>BA</b>) -Get Report received approval from the Federal Aviation Administration for a fix to electrical issues that affected about 100 of the jetmaker's 737 MAX aircraft.</p><p>The electrical problem grounded a portion of Boeing's 737 MAX fleet in early April.</p><p>The company told Reuters that after \"gaining final approvals from the FAA, we have issued service bulletins for the affected fleet. We are also completing the work as we prepare to resume deliveries.\"</p><p>Boeing didn't specify when the jets might return to service but expectations are that 737 MAX flights could resume within days.</p><p>The electrical issue was unrelated to the grounding in 2019 of the 737 MAX following two fatal crashes in Indonesia and Ethiopia.</p><p>Boeing shares were down 0.31% to $220.10 in premarket trading.</p><p><b>5.Thursday's Calendar: Disney, Alibaba and Coinbase Earnings; Jobless Claims</b></p><p>Earnings reports are expected Thursday from Walt Disney DIS, Alibaba BABA, Airbnb ABNB, Coinbase COIN, Yeti Holdings YETI, Canada Goose GOOS, DoorDash DASH and Xpeng XPEV.</p><p>Puke or Profit? How to Ride Disney After Earnings</p><p>Bitcoin as Gold, Dogecoin as a Dog: Here Comes Coinbase Earnings</p><p>The U.S.economic calendarThursday includes weekly Jobless Claims at 8:30 a.m. ET and the Producer Price Index (Final Demand) for April at 8:30 a.m.</p>","source":"lsy1610613172068","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>Tesla and Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know</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\">\nTesla and Bitcoin, Colonial Pipeline, Boeing, Alibaba: 5 Things You Must Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 18:53 GMT+8 <a href=https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-thursday-051321><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures fall after a jump in U.S. inflation; bitcoin sinks after Elon Musk says Tesla is no longer accepting payments in the digital currency; Colonial Pipeline restarts; Disney and Alibaba ...</p>\n\n<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-thursday-051321\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","TSLA":"特斯拉","BA":"波音","09988":"阿里巴巴-W"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-thursday-051321","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123206612","content_text":"Stock futures fall after a jump in U.S. inflation; bitcoin sinks after Elon Musk says Tesla is no longer accepting payments in the digital currency; Colonial Pipeline restarts; Disney and Alibaba report earnings.Here are five things you must know for Thursday, May 13:1. Stock Futures Signal a Further Wall Street RetreatStock futures pointed to a drop for Wall Street on Thursday after a jump in U.S. consumer prices added to worries that higher inflation could hamper an economic recovery.Contracts linked to the Dow Jones Industrial Average fell 156 points, S&P 500 futures were down 10 points and Nasdaq futures declined 15 points.Stocks ended lower Wednesday for a third straight sessionafter consumer inflation in the U.S. rose in April by the most since 2009. The Dow tumbled nearly 2%, the S&P 500 dropped 2.14% and the Nasdaq slumped 2.67%.The Dow suffered its worst day since January.\"Inflation and interest rate jitters are hitting the market ... but for now the selloff has been orderly,\" said Cliff Hodge, chief investment officer for Cornerstone Wealth. \"Letting some air out of these sky-high valuations is a positive going forward. We’re heading to the seasonally slow time of the year, so sell in May is top of mind.\"Investors have grown increasingly worried that persistent inflation will force the Federal Reserve to pull back on stimulus and boost interest rates that are near zero.The Fed has insisted that any spike in inflation would be temporary. Federal Reserve Vice Chairman Richard Clarida said as much on Wednesday and added the central bank \"would not hesitate to act” if necessary to bring inflation down to its \"2% longer-run goal.\"2. Bitcoin Sinks After Musk Says Tesla Will No Longer Accept It for PurchasesBitcoin dropped sharply to below $50,000 after Tesla (TSLA) -Get Report CEO Elon Musk tweeted that his electric vehicle company wasno longer accepting payments in the digital currencybecause of environmental concerns.“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emission of any fuel,” Musk said in a tweet late Wednesday.Musk added that Tesla won’t be selling any of the bitcoin it holds. He said the company was looking at other cryptocurrencies that use far less energy per transaction.Bitcoin gained additional credibility earlier this year whenTesla said it had bought $1.5 billion worth of the cryptocurrencyand announced it would begin accepting bitcoin for payments.The world's largest cryptocurrency pared earlier losses and was recently down 12.13% to $49,670, according to CoinDesk.Tesla fell 1.61% in premarket trading Thursday to $580.41. The stock declined 4.42% in Wednesday's broad market selloff.3. Oil Drops as Colonial Pipeline Restarts After HackOil prices in the U.S. fell more than 2% early Thursday after the biggest U.S. pipeline slowly started to return to service following a cyberattack at the end of last week.West Texas Intermediate crude oil fell 2.51% to $64.42 a barrel.Colonial Pipeline said it initiated a restart at around 5 p.m. ETbut cautioned \"it will take several days for the product delivery supply chain to return to normal.\"Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal,\" the company added in a statement.The Colonial network is the main source of gasoline, diesel and jet fuel for the East Coast.The pipeline's shutdown on May 7 led to gas shortages in the southeastern and mid-Atlantic regions of the U.S. and sent gas prices soaring to above $3 a barrel for the first time in roughly seven years.8 Oil Stocks Cramer Likes, 4 He Doesn't Amid Ongoing Pipeline Shutdown4. Boeing Gets FAA Approval for Electrical Fixes to 737 MAXBoeing (BA) -Get Report received approval from the Federal Aviation Administration for a fix to electrical issues that affected about 100 of the jetmaker's 737 MAX aircraft.The electrical problem grounded a portion of Boeing's 737 MAX fleet in early April.The company told Reuters that after \"gaining final approvals from the FAA, we have issued service bulletins for the affected fleet. We are also completing the work as we prepare to resume deliveries.\"Boeing didn't specify when the jets might return to service but expectations are that 737 MAX flights could resume within days.The electrical issue was unrelated to the grounding in 2019 of the 737 MAX following two fatal crashes in Indonesia and Ethiopia.Boeing shares were down 0.31% to $220.10 in premarket trading.5.Thursday's Calendar: Disney, Alibaba and Coinbase Earnings; Jobless ClaimsEarnings reports are expected Thursday from Walt Disney DIS, Alibaba BABA, Airbnb ABNB, Coinbase COIN, Yeti Holdings YETI, Canada Goose GOOS, DoorDash DASH and Xpeng XPEV.Puke or Profit? How to Ride Disney After EarningsBitcoin as Gold, Dogecoin as a Dog: Here Comes Coinbase EarningsThe U.S.economic calendarThursday includes weekly Jobless Claims at 8:30 a.m. ET and the Producer Price Index (Final Demand) for April at 8:30 a.m.","news_type":1,"symbols_score_info":{"09988":0.9,"BA":0.9,"BABA":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}