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Dita
Dita
·
2021-12-07
Isn't banning about restricting access, not deleting? I wonder what the Russian law says that allows them to fine for that.
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Dita
Dita
·
2021-11-16
If Korea succeeds, I wonder what other countries with strong local payment processing player will follow suit
S.Korea lawmaker says Apple, Google not doing enough to comply with app store law
Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law
S.Korea lawmaker says Apple, Google not doing enough to comply with app store law
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Dita
Dita
·
2021-11-12
Interesting
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Dita
Dita
·
2021-11-07
Manamana = Wherewhere
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Dita
Dita
·
2021-11-02
Not only households but hotels are switching from cable to streaming services (like a hotel I stayed in recently), and those corporate consumers of services like Netflix may be the backbone of future earnings.
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Dita
Dita
·
2021-10-29
Good prospects for longevity then?
Historic shift for Amazon as product sales fall below 50% of revenue for first time
For the first time in Amazon's history, its online marketplace and physical store sales represented
Historic shift for Amazon as product sales fall below 50% of revenue for first time
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Dita
Dita
·
2021-10-20
Noted
Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects
Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil
Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects
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Dita
Dita
·
2021-10-13
Will it just encourage coal mining for power plants?
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Dita
Dita
·
2021-09-25
Use bidet lah
Costco is limiting how much toilet paper you can buy again
New York (CNN Business)Costco is once again placing limits on purchases of toilet paper, paper towel
Costco is limiting how much toilet paper you can buy again
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Dita
Dita
·
2021-09-24
Kicking myself a bit for depositing a day late
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I wonder what the Russian law says that allows them to fine for that. ","listText":"Isn't banning about restricting access, not deleting? I wonder what the Russian law says that allows them to fine for that. ","text":"Isn't banning about restricting access, not deleting? 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suit","text":"If Korea succeeds, I wonder what other countries with strong local payment processing player will follow suit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871662252","repostId":"1148232836","repostType":4,"repost":{"id":"1148232836","kind":"news","pubTimestamp":1637063429,"share":"https://www.laohu8.com/m/news/1148232836?lang=&edition=full","pubTime":"2021-11-16 19:50","market":"us","language":"en","title":"S.Korea lawmaker says Apple, Google not doing enough to comply with app store law","url":"https://stock-news.laohu8.com/highlight/detail?id=1148232836","media":"Reuters","summary":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law","content":"<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.</p>\n<p>South Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.</p>\n<p>South Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.</p>\n<p>The law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.</p>\n<p>Apple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points 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not clear how compliance will be enforced nor what the penalties will be if the rules are breached.</p>\n<p>An early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.</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>S.Korea lawmaker says Apple, Google not doing enough to comply with app store law</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\">\nS.Korea lawmaker says Apple, Google not doing enough to comply with app store law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 19:50 GMT+8 <a href=https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment ...</p>\n\n<a href=\"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://www.reuters.com/technology/skorea-lawmaker-says-apple-google-not-doing-enough-comply-with-app-store-law-2021-11-16/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148232836","content_text":"Apple Inc(AAPL.O)and Alphabet's(GOOGL.O)Google are not doing enough to comply with South Korea's law barring dominant app store operators from making app developers use only their proprietary payment systems, a lawmaker who spearheaded the amendment told Reuters.\nSouth Korea, the first country to impose legislation curbing the tech companies' payment policies, is expected to make public the initial details of what it takes to comply with the law on Wednesday, an official at the Korea Communications Commission (KCC) said.\nSouth Korea amended the Telecommunication Business Act in August to try to curb the tech majors' market dominance and stop the big app store operators charging commissions on in-app purchases.\nThe law went into effect in September but details of what would constitute compliance are being drafted by the KCC in an enforcement ordinance.\nApple had told the South Korean government that it was already complying anddid not need to change its app store policy, while Google said it plans toallow third-party payment systems in South Korea, but will only reduce its service fee charge to developers by 4 percentage points when users choose an alternative billing system.\nThe tech companies charge developers as much as 30% of their sales in in-app transactions.\n\"Frankly, we are not satisfied,\" lawmaker Jo Seoung-lae who spearheaded the amendment said.\n\"Excessive fees take away developers' chances for innovation ... parliament is to be closely informed as the government drafts detailed regulations to make sure there is accountability,\" Jo said.\nApple and Google did not immediately respond to requests for comment.\nThe KCC is drafting \"finely woven\" regulatory details for the ordinance that will be reported to a parliamentary committee on Wednesday and put into practice by March next year, KCC Vice Chairman Kim Hyun told a conference on app ecosystem fairness on Tuesday.\n\"This is the first legislation worldwide with the chance to transform the market from a duopoly with Apple and Google,\" Epic Games CEO Tim Sweeney told Reuters.\nHowever, it is not clear how compliance will be enforced nor what the penalties will be if the rules are breached.\nAn early draft of the enforcement ordinance seen by Reuters details a fine of up to \"2% of revenue\" as penalty for an infraction of the law by app market operators.","news_type":1,"symbols_score_info":{"AAPL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879262658,"gmtCreate":1636728917194,"gmtModify":1636728917297,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879262658","repostId":"2182153840","repostType":4,"isVote":1,"tweetType":1,"viewCount":1243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842753116,"gmtCreate":1636247536727,"gmtModify":1636247536954,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Manamana = Wherewhere","listText":"Manamana = Wherewhere","text":"Manamana = Wherewhere","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842753116","repostId":"2181748650","repostType":4,"isVote":1,"tweetType":1,"viewCount":1313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843381001,"gmtCreate":1635808709712,"gmtModify":1635817222511,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Not only households but hotels are switching from cable to streaming services (like a hotel I stayed in recently), and those corporate consumers of services like Netflix may be the backbone of future earnings. ","listText":"Not only households but hotels are switching from cable to streaming services (like a hotel I stayed in recently), and those corporate consumers of services like Netflix may be the backbone of future earnings. ","text":"Not only households but hotels are switching from cable to streaming services (like a hotel I stayed in recently), and those corporate consumers of services like Netflix may be the backbone of future earnings.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843381001","repostId":"1181793586","repostType":4,"isVote":1,"tweetType":1,"viewCount":1363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":857890906,"gmtCreate":1635516414709,"gmtModify":1635516414709,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Good prospects for longevity then? ","listText":"Good prospects for longevity then? ","text":"Good prospects for longevity then?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857890906","repostId":"1182137068","repostType":4,"repost":{"id":"1182137068","kind":"news","pubTimestamp":1635512846,"share":"https://www.laohu8.com/m/news/1182137068?lang=&edition=full","pubTime":"2021-10-29 21:07","market":"us","language":"en","title":"Historic shift for Amazon as product sales fall below 50% of revenue for first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1182137068","media":"THE BUSINESS JOURNALS","summary":"For the first time in Amazon's history, its online marketplace and physical store sales represented ","content":"<p>For the first time in Amazon's history, its online marketplace and physical store sales represented less than half of its total revenue as the company's cloud computing division saw some of its best growth.</p>\n<p>Amazon.com Inc. (Nasdaq: AMZN) reported over $110 billion in revenue, a 15% increase, for its fiscal third quarter ending Sept. 30, with a quarterly profit that plummeted due to increased spending. The Seattle company's overall growth didn't match the pace it set during the Covid-19 pandemic, but the more profitable sides of its business, cloud computing and advertising, had significant gains.</p>\n<p>Amazon Web Services pulled in $16.1 billion, a 39% increase from last year, giving the cloud computing division its fastest growth since 2019. AWS had a profit of $4.8 billion.</p>\n<p>On an earnings call with investors, Chief Financial OfficerBrian Olsavskysaid the rapid growth was a mix of customers moving to cloud-based infrastructure during the pandemic and suppressed spending in 2020.</p>\n<p>Other tech giants are seeing their revenue grow and profits buoyed by cloud computing divisions. An increasing share of Google's revenue is from Google Cloud, and most of Microsoft's $20 billion in profit this quarter was from its Azure and Office 365 products.</p>\n<p>Amazon's third business segment, titled \"other\" in earnings reports, is mostly its advertising business, which had $8 billion in revenue.</p>\n<p>\"Amazon Advertising continues to grow quickly, representing the significant majority of other revenue, which grew 49% year over year in Q3,\" Olsavsky said.</p>\n<p>In response to an analyst, Olsavsky said concerns in the supply chain weren't affecting ad growth.</p>","source":"lsy1633760424806","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>Historic shift for Amazon as product sales fall below 50% of revenue for first time</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\">\nHistoric shift for Amazon as product sales fall below 50% of revenue for first time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 21:07 GMT+8 <a href=https://www.bizjournals.com/seattle/news/2021/10/29/aws-amazon-growth-earnings-revenue-cloud-based.html?ana=yahoo><strong>THE BUSINESS JOURNALS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For the first time in Amazon's history, its online marketplace and physical store sales represented less than half of its total revenue as the company's cloud computing division saw some of its best ...</p>\n\n<a href=\"https://www.bizjournals.com/seattle/news/2021/10/29/aws-amazon-growth-earnings-revenue-cloud-based.html?ana=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.bizjournals.com/seattle/news/2021/10/29/aws-amazon-growth-earnings-revenue-cloud-based.html?ana=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182137068","content_text":"For the first time in Amazon's history, its online marketplace and physical store sales represented less than half of its total revenue as the company's cloud computing division saw some of its best growth.\nAmazon.com Inc. (Nasdaq: AMZN) reported over $110 billion in revenue, a 15% increase, for its fiscal third quarter ending Sept. 30, with a quarterly profit that plummeted due to increased spending. The Seattle company's overall growth didn't match the pace it set during the Covid-19 pandemic, but the more profitable sides of its business, cloud computing and advertising, had significant gains.\nAmazon Web Services pulled in $16.1 billion, a 39% increase from last year, giving the cloud computing division its fastest growth since 2019. AWS had a profit of $4.8 billion.\nOn an earnings call with investors, Chief Financial OfficerBrian Olsavskysaid the rapid growth was a mix of customers moving to cloud-based infrastructure during the pandemic and suppressed spending in 2020.\nOther tech giants are seeing their revenue grow and profits buoyed by cloud computing divisions. An increasing share of Google's revenue is from Google Cloud, and most of Microsoft's $20 billion in profit this quarter was from its Azure and Office 365 products.\nAmazon's third business segment, titled \"other\" in earnings reports, is mostly its advertising business, which had $8 billion in revenue.\n\"Amazon Advertising continues to grow quickly, representing the significant majority of other revenue, which grew 49% year over year in Q3,\" Olsavsky said.\nIn response to an analyst, Olsavsky said concerns in the supply chain weren't affecting ad growth.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853085181,"gmtCreate":1634742322556,"gmtModify":1634742322728,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/853085181","repostId":"1172683327","repostType":4,"repost":{"id":"1172683327","kind":"news","pubTimestamp":1634742017,"share":"https://www.laohu8.com/m/news/1172683327?lang=&edition=full","pubTime":"2021-10-20 23:00","market":"us","language":"en","title":"Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects","url":"https://stock-news.laohu8.com/highlight/detail?id=1172683327","media":"Wall Street Journal","summary":"Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil","content":"<p>Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter.</p>\n<p>Members of the board—which includes three directors successfully nominated by an activist investor in May and two other new members—have expressed concerns about certain projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the people said.</p>\n<p>Oil and gasprices are at multiyear highs, and the world is experiencing a shortage of fossil fuels as economies emerge from the pandemic. But it takes years for such energy megaprojects to produce additional supplies, and more years after that for the investments to pay off.</p>\n<p>Exxon board members are weighing the fate of future projects as the company is facing pressure from investors to restrain fossil-fuel investment to limit carbon emissions and return more cash to shareholders. Environmentalists and some government officials are also pressuring the company to produce less oil and gas.</p>\n<p>The discussions are taking place as part of a review of the oil company's five-year spending plan, on which the board is set to vote at the end of this month, the people said. It isn’t clear whether the board will make a final call on the Mozambique or Vietnam projects during the current review, according to the people.</p>\n<p>Both projects face potential political obstacles, and some Exxon board members have expressed concerns about whether they would return the billions in upfront investment they would require, some of the people said. The board meetings have been cordial, the people said.</p>\n<p>Exxon said it doesn’t discuss internal board deliberations. “Any depiction of the board’s discussions as being less than constructive in tone or substance is wrong,” said Exxon spokesman Casey Norton.</p>\n<p>As part of the review, Exxon is analyzing the expected carbon emissions from each project and how they would affect the company’s ability to meet pledges to reduce emissions, people familiar with the matter said. The annual projected emissions from the Mozambique and Vietnam projects were among the highest in Exxon’s planned pipeline of oil and gas projects, according to a pre-pandemic internal analysis by Exxon, which was reviewed by The Wall Street Journal.</p>\n<p>Mr. Norton said the analysis of projected carbon emissions the Journal reviewed was several years old and didn’t include the impact of Exxon’s most recent emission reduction plans and other post-Covid-19 changes.</p>\n<p>The discussions over the projects represent a new dynamic for Exxon’s board, said people familiar with the matter.</p>\n<p>Engine No. 1, the hedge fund that led a campaign that replaced three Exxon board members earlier this year, argued Exxon was investing in low-return projects and lacked a coherent strategy to chart a transition to lower-carbon fuels amid growing concerns about climate change.</p>\n<p>The activist was successful in part because it was able to win support from some of the company’s largest investors, including BlackRock Inc.and Vanguard Group. The asset managers said one of the reasons they supported the Engine candidates was that Exxon’s board lacked energy expertise and independence.</p>\n<p>Gregory Goff, one of the Engine No. 1 nominees, is among the directors to raise doubts about the Mozambique project, people familiar with the matter said. Mr. Goff, the former chief executive of Andeavor, which was one the largest U.S. refiners before being purchased by Marathon Petroleum Corp., has said that Exxon should consider more closely the risks presented by the project to assess whether it justifies investing, the people said.</p>\n<p>The Mozambique project, called Rovuma, would tap vast reserves of natural gas off the coast of the southern African country, then chill them to a liquid state at an onshore plant to be exported around the world. It is one of the largest projects in Exxon’s portfolio, and its proximity to India could give Exxon an opportunity to export gas to a fast-growing market.</p>\n<p>But Mozambique lacks infrastructure and is fighting an Islamic State-linked insurgency that has claimed more than 3,000 lives.Total EnergiesSE halted construction of a $20 billion gas project there in March after violence erupted near its construction site. Exxon spent $2.8 billion to acquire a stake in the Rovuma project but has delayed a final investment decision for several years. Exxon hasn’t disclosed an exact estimate of the project’s cost; Mozambique has estimated it at $27 billion to $33 billion.</p>\n<p>Abandoning the projects would represent another setback to plans by Exxon Chief Executive Darren Woods to boost spending to increase production. Less than four years ago, Mr. Woods said the company would invest $230 billion to pump an additional one million barrels of oil and gas a day by 2025. Rovuma, in particular, was central to that strategy.The company has already pulled backparts of that strategy after the pandemic decimated demand for oil and gas last year, prompting it to undergo a belt tightening.</p>\n<p>Exxon’s fortunes have improved this year along with rising oil and gas prices. Analysts expect Exxon to report more than $6 billion in quarterly profit later this month, after a loss of $680 million during the same period last year. The company has said it would give priority to using cash to pay down debt and fund dividends.</p>\n<p>Exxon is planning to declare in coming weeks that it will increase its investment in a low-carbon unit it announced in February by billions of dollars, according to people familiar with the matter. It initially said it would invest $3 billion in the unit through 2025 to commercialize carbon capture and storage, hydrogen, biofuels and other technologies. Most of those businesses aren’t profitable, say analysts, and need significant public-policy support and technological advances to become so.</p>\n<p>Exxon is also considering a pledgeto reduce and offset the carbon emissions from its operations to zero by 2050, the Journal has reported. Mr. Woods previously called such net zero commitments a “beauty competition.”</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>Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects</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\">\nExxon Debates Abandoning Some of Its Biggest Oil and Gas Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-20 23:00 GMT+8 <a href=https://www.wsj.com/articles/exxon-debates-abandoning-some-of-its-biggest-oil-and-gas-projects-11634739779?mod=hp_lead_pos2><strong>Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy ...</p>\n\n<a href=\"https://www.wsj.com/articles/exxon-debates-abandoning-some-of-its-biggest-oil-and-gas-projects-11634739779?mod=hp_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://www.wsj.com/articles/exxon-debates-abandoning-some-of-its-biggest-oil-and-gas-projects-11634739779?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172683327","content_text":"Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter.\nMembers of the board—which includes three directors successfully nominated by an activist investor in May and two other new members—have expressed concerns about certain projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the people said.\nOil and gasprices are at multiyear highs, and the world is experiencing a shortage of fossil fuels as economies emerge from the pandemic. But it takes years for such energy megaprojects to produce additional supplies, and more years after that for the investments to pay off.\nExxon board members are weighing the fate of future projects as the company is facing pressure from investors to restrain fossil-fuel investment to limit carbon emissions and return more cash to shareholders. Environmentalists and some government officials are also pressuring the company to produce less oil and gas.\nThe discussions are taking place as part of a review of the oil company's five-year spending plan, on which the board is set to vote at the end of this month, the people said. It isn’t clear whether the board will make a final call on the Mozambique or Vietnam projects during the current review, according to the people.\nBoth projects face potential political obstacles, and some Exxon board members have expressed concerns about whether they would return the billions in upfront investment they would require, some of the people said. The board meetings have been cordial, the people said.\nExxon said it doesn’t discuss internal board deliberations. “Any depiction of the board’s discussions as being less than constructive in tone or substance is wrong,” said Exxon spokesman Casey Norton.\nAs part of the review, Exxon is analyzing the expected carbon emissions from each project and how they would affect the company’s ability to meet pledges to reduce emissions, people familiar with the matter said. The annual projected emissions from the Mozambique and Vietnam projects were among the highest in Exxon’s planned pipeline of oil and gas projects, according to a pre-pandemic internal analysis by Exxon, which was reviewed by The Wall Street Journal.\nMr. Norton said the analysis of projected carbon emissions the Journal reviewed was several years old and didn’t include the impact of Exxon’s most recent emission reduction plans and other post-Covid-19 changes.\nThe discussions over the projects represent a new dynamic for Exxon’s board, said people familiar with the matter.\nEngine No. 1, the hedge fund that led a campaign that replaced three Exxon board members earlier this year, argued Exxon was investing in low-return projects and lacked a coherent strategy to chart a transition to lower-carbon fuels amid growing concerns about climate change.\nThe activist was successful in part because it was able to win support from some of the company’s largest investors, including BlackRock Inc.and Vanguard Group. The asset managers said one of the reasons they supported the Engine candidates was that Exxon’s board lacked energy expertise and independence.\nGregory Goff, one of the Engine No. 1 nominees, is among the directors to raise doubts about the Mozambique project, people familiar with the matter said. Mr. Goff, the former chief executive of Andeavor, which was one the largest U.S. refiners before being purchased by Marathon Petroleum Corp., has said that Exxon should consider more closely the risks presented by the project to assess whether it justifies investing, the people said.\nThe Mozambique project, called Rovuma, would tap vast reserves of natural gas off the coast of the southern African country, then chill them to a liquid state at an onshore plant to be exported around the world. It is one of the largest projects in Exxon’s portfolio, and its proximity to India could give Exxon an opportunity to export gas to a fast-growing market.\nBut Mozambique lacks infrastructure and is fighting an Islamic State-linked insurgency that has claimed more than 3,000 lives.Total EnergiesSE halted construction of a $20 billion gas project there in March after violence erupted near its construction site. Exxon spent $2.8 billion to acquire a stake in the Rovuma project but has delayed a final investment decision for several years. Exxon hasn’t disclosed an exact estimate of the project’s cost; Mozambique has estimated it at $27 billion to $33 billion.\nAbandoning the projects would represent another setback to plans by Exxon Chief Executive Darren Woods to boost spending to increase production. Less than four years ago, Mr. Woods said the company would invest $230 billion to pump an additional one million barrels of oil and gas a day by 2025. Rovuma, in particular, was central to that strategy.The company has already pulled backparts of that strategy after the pandemic decimated demand for oil and gas last year, prompting it to undergo a belt tightening.\nExxon’s fortunes have improved this year along with rising oil and gas prices. Analysts expect Exxon to report more than $6 billion in quarterly profit later this month, after a loss of $680 million during the same period last year. The company has said it would give priority to using cash to pay down debt and fund dividends.\nExxon is planning to declare in coming weeks that it will increase its investment in a low-carbon unit it announced in February by billions of dollars, according to people familiar with the matter. It initially said it would invest $3 billion in the unit through 2025 to commercialize carbon capture and storage, hydrogen, biofuels and other technologies. Most of those businesses aren’t profitable, say analysts, and need significant public-policy support and technological advances to become so.\nExxon is also considering a pledgeto reduce and offset the carbon emissions from its operations to zero by 2050, the Journal has reported. Mr. Woods previously called such net zero commitments a “beauty competition.”","news_type":1,"symbols_score_info":{"XOM":0.9}},"isVote":1,"tweetType":1,"viewCount":1240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822208209,"gmtCreate":1634132494557,"gmtModify":1634132494649,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Will it just encourage coal mining for power plants? ","listText":"Will it just encourage coal mining for power plants? ","text":"Will it just encourage coal mining for power plants?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/822208209","repostId":"1122218945","repostType":4,"isVote":1,"tweetType":1,"viewCount":1342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861468969,"gmtCreate":1632532073351,"gmtModify":1632711013536,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Use bidet lah","listText":"Use bidet lah","text":"Use bidet lah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/861468969","repostId":"1155969586","repostType":4,"repost":{"id":"1155969586","kind":"news","pubTimestamp":1632529960,"share":"https://www.laohu8.com/m/news/1155969586?lang=&edition=full","pubTime":"2021-09-25 08:32","market":"us","language":"en","title":"Costco is limiting how much toilet paper you can buy again","url":"https://stock-news.laohu8.com/highlight/detail?id=1155969586","media":"CNN","summary":"New York (CNN Business)Costco is once again placing limits on purchases of toilet paper, paper towel","content":"<p>New York (CNN Business)Costco is once again placing limits on purchases of toilet paper, paper towels and cleaning supplies.</p>\n<p>The Delta variant continues to spread across the globe, sending demand for those items higher. But that's not the only reason why Costco is limiting purchases. The warehouse store is also having trouble finding trucks, drivers and shipping containers to get the items to its stores.</p>\n<p>\"The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labor cost pressures and truck and driver shortages,\" said Costco CFO Richard Galanti, speaking to investors after reporting quarterly results Thursday evening. \"Various major brands are requesting longer lead times, and in some cases, difficulty in finding drivers and trucks on short notice.\"</p>\n<p>Last year, Costco and other retailers were having trouble keeping those products on their shelves because of panic buying by customers worried that they wouldn't be able to purchase them in the future. Manufacturers were also unable to keep up with the surge in demand.</p>\n<p>Although the increase in Covid cases may be causing an increase in demand for some items, Galanti's comments focused more on issues getting the products to the stores. He said the problems with the company's supply chain is causing it to order items earlier than it might otherwise.</p>\n<p>But whether panic buying is causing the shortages now, a policy like Costco's limiting sales could prompt a run on those very items by shoppers said Steven Taylor, a professor in the University of British Columbia's Psychiatry Department.</p>\n<p>\"Over the past two years people have become conditioned to respond with panic buying whenever they learn of some impending lockdown or shortage,\" he said. \"And so far, efforts by community leaders have been ineffective in controlling episodes of panic buying. Our leaders typically say something like 'Don't panic! There is enough toilet paper!' This message backfires because it pairs, in the minds of shoppers, toilet paper and panic.\"</p>\n<p>This, he said, is known as the \"innuendo effect\" in social psychology. While limits on purchases could prevent some shortages, they often stoke fears on the part of shoppers.</p>\n<p>\"Even with the imposed limits on purchasing, we are likely to see a resurgence of panic buying, especially now that shoppers have become aware that current shortages may be due to bottlenecks in the supply chain,\" Taylor added.</p>\n<p>Nike is scrambling to fix supply chain problems as holiday shopping looms</p>\n<p>Nike is scrambling to fix supply chain problems as holiday shopping looms</p>\n<p>Rather than just pay to move containers of freight from Asia to North America, Costco has chartered three container ships, with each ship able to carry 800 to 1,000 containers at a time. Costco anticipates it can make 10 cross-Pacific trips a year with the ships.</p>\n<p>Shipping costs are making some items more expensive, adding to other inflationary pressures.</p>\n<p>\"Price increases of pulp and paper goods, some items [are] up 4% to 8%,\" said Galanti, the Costco CFO. Plastic items, such as trash bags, Ziploc bags, disposable cups and plates are up in the 5% to 11% range. Non-durable metal items, such as aluminum foil and beverage cans are up in the mid-single-digit range.</p>\n<p>Costco reported slightly better than forecast earnings for the fiscal fourth quarter that ended August 29. Its shares were narrowly higher in pre-market trading Friday on the report, and are up 20% so far this year.</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>Costco is limiting how much toilet paper you can buy again</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\">\nCostco is limiting how much toilet paper you can buy again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-25 08:32 GMT+8 <a href=https://edition.cnn.com/2021/09/24/business/costco-toilet-paper-limits/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Costco is once again placing limits on purchases of toilet paper, paper towels and cleaning supplies.\nThe Delta variant continues to spread across the globe, sending demand for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/09/24/business/costco-toilet-paper-limits/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多"},"source_url":"https://edition.cnn.com/2021/09/24/business/costco-toilet-paper-limits/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155969586","content_text":"New York (CNN Business)Costco is once again placing limits on purchases of toilet paper, paper towels and cleaning supplies.\nThe Delta variant continues to spread across the globe, sending demand for those items higher. But that's not the only reason why Costco is limiting purchases. The warehouse store is also having trouble finding trucks, drivers and shipping containers to get the items to its stores.\n\"The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labor cost pressures and truck and driver shortages,\" said Costco CFO Richard Galanti, speaking to investors after reporting quarterly results Thursday evening. \"Various major brands are requesting longer lead times, and in some cases, difficulty in finding drivers and trucks on short notice.\"\nLast year, Costco and other retailers were having trouble keeping those products on their shelves because of panic buying by customers worried that they wouldn't be able to purchase them in the future. Manufacturers were also unable to keep up with the surge in demand.\nAlthough the increase in Covid cases may be causing an increase in demand for some items, Galanti's comments focused more on issues getting the products to the stores. He said the problems with the company's supply chain is causing it to order items earlier than it might otherwise.\nBut whether panic buying is causing the shortages now, a policy like Costco's limiting sales could prompt a run on those very items by shoppers said Steven Taylor, a professor in the University of British Columbia's Psychiatry Department.\n\"Over the past two years people have become conditioned to respond with panic buying whenever they learn of some impending lockdown or shortage,\" he said. \"And so far, efforts by community leaders have been ineffective in controlling episodes of panic buying. Our leaders typically say something like 'Don't panic! There is enough toilet paper!' This message backfires because it pairs, in the minds of shoppers, toilet paper and panic.\"\nThis, he said, is known as the \"innuendo effect\" in social psychology. While limits on purchases could prevent some shortages, they often stoke fears on the part of shoppers.\n\"Even with the imposed limits on purchasing, we are likely to see a resurgence of panic buying, especially now that shoppers have become aware that current shortages may be due to bottlenecks in the supply chain,\" Taylor added.\nNike is scrambling to fix supply chain problems as holiday shopping looms\nNike is scrambling to fix supply chain problems as holiday shopping looms\nRather than just pay to move containers of freight from Asia to North America, Costco has chartered three container ships, with each ship able to carry 800 to 1,000 containers at a time. Costco anticipates it can make 10 cross-Pacific trips a year with the ships.\nShipping costs are making some items more expensive, adding to other inflationary pressures.\n\"Price increases of pulp and paper goods, some items [are] up 4% to 8%,\" said Galanti, the Costco CFO. Plastic items, such as trash bags, Ziploc bags, disposable cups and plates are up in the 5% to 11% range. Non-durable metal items, such as aluminum foil and beverage cans are up in the mid-single-digit range.\nCostco reported slightly better than forecast earnings for the fiscal fourth quarter that ended August 29. Its shares were narrowly higher in pre-market trading Friday on the report, and are up 20% so far this year.","news_type":1,"symbols_score_info":{"COST":0.9}},"isVote":1,"tweetType":1,"viewCount":1607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861962608,"gmtCreate":1632449290604,"gmtModify":1632722857041,"author":{"id":"3586570913312333","authorId":"3586570913312333","name":"Dita","avatar":"https://static.tigerbbs.com/65d7d6dfd0f69d1147ebd56a8f6651f5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586570913312333","authorIdStr":"3586570913312333"},"themes":[],"htmlText":"Kicking myself a bit for depositing a day late","listText":"Kicking myself a bit for depositing a day late","text":"Kicking myself a bit for depositing a day late","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/861962608","repostId":"2169240695","repostType":4,"isVote":1,"tweetType":1,"viewCount":1469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"following","isTTM":false}