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Chinese tech heavyweight Alibaba Group Holding Ltd's online marketplaces Taobao and Tmall announced on Thursday that they will accept mobile payment options from Tencent's WeChat Pay gradually from Sept 12, a significant step in breaking down payment barriers between the two internet companies, enhancing interoperability and interconnectivity of different platforms and improving user experience, experts said.中国科技巨头阿里巴巴集团控股有限公司旗下的在线市场淘宝和天猫于9月5日宣布,将从9月12日起逐步接受腾讯的微信支付作为移动支付选项,专家称这是打破两家互联网公司支付壁垒的重要一步,这将增强不同平台之间的互操作性和互联互通,提升用户体验。They added the move is conducive to elevating payment convenience, invigorating the vitality of consumption, and bolstering the innovation and development of payment modalities.他们补充说,这一举措有助于提高支付便利性,激发消费活力,并促进支付方式的创新发展。Taobao and Tmall said in a statement on Wednesday that they had issued notices on their platforms to solicit feedback from merchants about accepting WeChat Pay as an additional payment method, as part of a broader push to improve the shopping experience.淘宝和天猫在9月4日的一份声明中表示,他们已在平台上发布通知,征求商家关于接受微信支付作为支付方式的反馈,这一举措将有助于改善购物体验。The two platforms said they are upholding the concept of openness and cooperation and actively exploring interoperability and partnerships with various platforms to enhance user experience and make consumers' shopping activities more convenient, enjoyable and efficient.这两个平台表示,他们坚持开放和合作的理念,并积极探索与各种平台的互通性和合作伙伴关系,以提升用户体验,使消费者的购物活动更加方便、愉快和高效。Alipay, a popular mobile payment tool launched by Chinese fintech company Ant Group, said in a statement following the announcement, "Openness, collaboration, innovation and sharing are fundamental principles of the internet and the driving force behind the industry's development."由中国金融科技公司蚂蚁集团推出的流行移动支付工具支付宝在公告后发表声明称,“开放、合作、创新和共享是互联网的基本原则,也是行业发展的驱动力。Alipay said it will continue to deepen cooperation with Taobao and Tmall, and step up innovation in technologies and products. Apart from payment products, the company will further expand open cooperation in broader ecosystems such as internet technology and artificial intelligence to create more business opportunities, it added.支付宝表示,它将继续深化与淘宝和天猫的合作,并加强技术和产品的创新。除了支付产品,该公司还将在更广泛的生态系统(如互联网技术和人工智能)中进一步扩大开放合作,创造更多商机。As the main rival to WeChat Pay, Alipay is a major payment service provider for Taobao and Tmall. WeChat Pay said it is always open to collaborations, and is actively exploring interoperability with various sectors, adding it plans to continue exploring new partnerships and improving convenience for users on the basis of ensuring transactional security.作为微信支付的主要竞争对手,支付宝是淘宝和天猫的主要支付服务提供商。微信支付表示,它始终对合作持开放态度,并积极探索与各个行业的互操作性,同时计划在确保交易安全的基础上,继续探索新的合作伙伴关系并提高用户便利性。Pan Helin, a member of the Ministry of Industry and Information Technology's Expert Committee for Information and Communication Economy, said the move is a win-win result for the two Chinese tech giants as both Taobao and Tmall could attract WeChat users by adding WeChat Pay as a payment option and help bolster their business performances, while WeChat Pay will greatly expand its application ecosystems via its access to e-commerce platforms.工业和信息化部信息通信经济专家委员会成员潘和林(音)表示,这一举措对两家中国科技巨头来说是双赢的结果,因为淘宝和天猫可以通过增加微信支付作为支付选项来吸引微信用户,帮助提升他们的业务表现,而微信支付则可以通过接入电商平台大大扩展其应用生态系统。Pan said Taobao and Tmall have access to several mobile payment tools — such as Cloud QuickPass of payment giant China UnionPay — and digital renminbi, so accepting payments from WeChat Pay will not affect the current digital payment landscape.潘和林(音)表示,淘宝和天猫已开通包括支付巨头中国银联的云闪付在内的多种移动支付工具,以及数字人民币,因此接受微信支付不会影响当前的数字支付格局。"It is foreseeable that there will be more frequent and closer cooperation among different platforms and payment companies," Pan said, adding that allowing users to transact through WeChat Pay on Taobao and Tmall will help the platforms gain more users from smaller cities, where WeChat Pay has a higher penetration rate than Alipay.潘和林(音)说“可以预见,不同平台和支付公司之间的合作将会更加频繁和紧密”,他还表示,允许用户在淘宝和天猫上通过微信支付进行交易,将有助于这些平台吸引更多来自小城市的用户,那里的微信支付渗透率高于支付宝。Industry statistics show that WeChat Pay and Alipay together control 90 percent of China's mobile payments market. Experts said the acceptance of WeChat Pay on Taobao and Tmall is a landmark event in enhancing the interconnectivity of payment methods.行业统计数据显示,微信支付和支付宝共同控制了中国移动支付市场90%的份额。专家表示,淘宝和天猫接受微信支付是一个增强支付方式互联互通的里程碑事件。Wang Pengbo, a senior analyst at market consultancy Botong Analysys, said the move will allow consumers to choose their preferred payment methods freely, enhance their shopping experience, unleash consumption potential as well as provide more possibilities for bolstering the innovation of payment technology.市场咨询公司博通分析的高级分析师王鹏博(音)表示,此举将允许消费者自由选择他们偏好的支付方式,提升他们的购物体验,释放消费潜力,并为支付技术的创新提供更多可能性。Alibaba and Tencent have been taking measures to integrate services since 2021 after Chinese authorities urged tech companies to tear down their so-called walled gardens that block competitors' products.自2021年中国当局敦促科技公司打破所谓的“封闭平台”,即封锁竞争对手产品这一行为以来,阿里巴巴和腾讯就已开始采取联合服务措施。Alibaba has incorporated WeChat Pay into its on-demand food delivery app Ele.me, video-streaming platform Youku and online ticket booking platform Damai. Tencent, which once limited the sharing of links to Alibaba stores on WeChat, has gradually allowed users to open a variety of links and content from rival platforms within its messaging app.阿里巴巴已经将微信支付整合到了其即时配送应用“饿了么”、视频流媒体平台“优酷”以及在线票务预订平台“大麦网”中。腾讯曾经限制在微信上分享阿里巴巴店铺链接,但如今已经逐渐允许用户在其消息应用中打开来自竞争对手平台的各种链接和内容。Moreover, Meituan, a popular on-demand services platform, has launched its food delivery and hotel booking services as Alipay's mini programs, offering exclusive coupons and merchant discounts.此外,美团已经使食品配送和酒店预订服务进入了支付宝的小程序,并提供独家优惠券和商家折扣。Interoperabilityn.互用性,协同工作的能力upholdv.支持,维护,拥护
There was a time when Singles Day was a one-day online shopping festival on Nov 11 in China. Over the years, it has gone global, evolved into an online-and-offline shopping extravaganza, besides providing a platform for product and brand launches and introducing a myriad of innovations. This year, Singles Day will be spread over several weeks, not just days, perhaps the longest format ever, and is expected to boost demand and bolster consumption recovery.每年11月11日的光棍节曾是中国为期一天的网络购物节。近年来,它已经发展为一个全球性的线上线下购物盛会,为产品和品牌发布提供平台,并引入了众多创新形式。今年的光棍节可能会是有史以来最长的一次,将持续数周,而非数天,推动需求,促进消费复苏。Also known as 11-11 or Double Eleven, this year's festival will see major e-commerce platforms provide steep discounts and low-priced products. This is expected to stimulate consumers' purchasing appetites and thereby boost sales, experts said.光棍节也被称为双十一。今年,各大电商平台将推出大幅折扣及低价商品。专家表示,此举有望激发消费者的购买欲望,从而提高销售额。E-tailers, experts further said, should continuously increase investments to improve consumers' shopping experiences and launch new commodities. They should also upgrade supply chain systems and logistics by leveraging innovative digital technologies. Such measures can help attract a new breed of users, especially young shoppers.专家进一步表示,电商应该持续增加投资,改善消费者的购物体验,推出新产品。他们还应利用创新数字技术升级供应链系统及物流。这些举措可以吸引新一代用户,尤其是年轻的购物者。Alibaba Group Holding Ltd will kick off this year's 11-11 presale at 8 pm on Tuesday. It has promised to reduce prices, hand out coupons to consumers and offer discounts on over 80 million commodities.阿里巴巴集团控股有限公司将于周二晚间8时启动今年的双十一预售活动。集团承诺降低价格,向消费者发放优惠券,并为超过8000万种商品提供折扣。China's consumer market boasts immense growth potential and resilience, and people's growing need for a better life is bound to unleash huge consumption demand, said Dai Shan, CEO of Alibaba's Taobao and Tmall Group.阿里巴巴淘天集团首席执行官戴珊表示,中国的消费市场拥有巨大的增长潜力和韧性,人们对更好生活的向往必将释放巨大的消费需求。The group, a pioneer of e-commerce and China's largest e-tailer by sales and profits, will empower small and medium-sized merchants by helping the latter achieve digitalized operations, Dai said.戴珊说,淘天集团是电商的先驱,也是中国销售额最高、利润最大的电商公司。集团将帮助中小型商家实现数字化运营,以此为其赋能。JD, another Chinese e-commerce giant, started its 11-11 presale at 8 pm on Monday, a week earlier than in previous years. More than 500 million new commodities, many of them cut-rate goods, are on offer.京东是另一家中国电商巨头,将比往年提前了一周,于周一晚间8时开启今年的双十一预售活动。超过5亿种新商品正在促销中,其中包括许多低价商品。Xin Lijun, CEO of JD Retail, a unit of JD, said the e-tailer swears by its low-price strategy, and will provide premium products with a guarantee for quality service.京东零售首席执行官辛利军认为,京东将坚持低价策略,为高端产品提供高质量服务保障。This year's 11-11 has added significance as it comes after the country had optimized its COVID-19 response measures, said Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy.网经社电子商务研究中心高级分析师莫岱青说,由于国家调整了新冠肺炎的应对措施,今年的双十一具有特殊意义。"E-commerce platforms are taking a more pragmatic approach this time and making their promotional methods simpler, with emphasis on low-priced products, which should attract price-conscious customers, improve user loyalty and repurchase rates, and bolster sales," Mo said.莫岱青认为:“此次双十一电商平台采取了更加务实的方法,简化了推广方式,重视低价商品,将吸引注重价格的消费者,提高用户忠诚度及复购率,提高销售额。”Both Taobao and JD face intensified competition from video-sharing and livestreaming platforms, including Douyin and Kuaishou, which are betting big on e-commerce in livestreaming format.淘宝和京东都面临着短视频及直播平台的激烈竞争。如直播平台抖音和快手,均对直播电商压下巨注。China's consumption market recovered in the first three quarters of this year. In the first nine months, retail sales increased 6.8 percent year-on-year; in September, the corresponding figure was 5.5 percent, up from 4.6 percent in August, data from the National Bureau of Statistics showed.中国消费市场在今年前三个季度得以恢复。国家统计局数据显示,今年前九个月中,零售销售额同比增长6.8%;9月份这一数字为5.5%,高于8月份的4.6%。Consumption contributed 83.2 percent to China's economic growth during the January-September period.1月至9月,消费对中国经济增长的贡献率为83.2%。In recent months, several measures were sought to spur consumption of both products and services, including automobiles, electronics, housing and home decor, in order to revive recovery momentum and stabilize the economy.近几个月,国家采取了多项举措以刺激商品及服务消费,包括汽车、电子产品、住房及家居装饰,以期恢复经济增长势头,稳定经济形势。"Consumption has become the main driving force boosting China's economic growth," said Wang Yun, a researcher at the Academy of Macroeconomic Research, which is affiliated with the National Development and Reform Commission. More stimulus policies are needed to stabilize and expand employment, raise household incomes and boost spending, he said.国家发展改革委宏观经济研究院研究员王云说:“消费已成为促进中国经济增长的主要驱动力。”我们需要更多的刺激政策来稳定和扩大就业,提高家庭收入,促进消费。Jason Yu, general manager of Kantar Worldpanel China, a market research provider, said Chinese consumers are more rational now, carefully reviewing their needs, with a focus on quality and value. "They aspire to buy cost-effective products, not low-priced, low-quality goods."市场咨询公司商凯度消费者指数中国区总经理虞坚表示,目前,中国消费者已变得更加理性,能够审视个人需求,关注质量和价值。他说:“他们希望购买高性价比产品,而非低价、低质量的商品。”Extravaganza英/ɪkˌstrævəˈɡænzə/美/ɪkˌstrævəˈɡænzə/n.盛会;华丽的娱乐表演E-commerce platformn.电商平台E-tailorn.电子零售商
US equity markets rallied, with both the S&P500 and Nasdaq climbing to fresh 14-month highs as economic data showed signs of the labour market softening and consumer spending moderating, potentially lessening the need for further interest rate rises from the Federal Reserve - Dow gained +429-points or +1.26% to 34,408.06 and a fresh 2023 high. The broader S&P500 +1.22% to 4,425.84, recording a sixth consecutive session of gains and lifting the index above the >4,400 level a week after the large capitalisation benchmark exited its the longest bear market since 1948. It also marked the longest stretch of straight gains since November 8, 2021, according to Dow Jones Market Data. Health Care (up +1.55%), Communication Services (+1.54%) and Industrials (+1.51%) all gained over >1.5% to lad all eleven primary sectors higher. The Nasdaq climbed +1.15% to 13,782.82, marking the highest settlement for the technology centric index since 7 April, 2022. Microsoft Corp gained +3.19% to US$348.10, extending gains into a sixth consecutive session and booking a record closing high as investors seemingly focused more on the tech giant's artificial-intelligence (AI) roadmap instead of the stalled US$69B acquisition of videogame publisher Activision Blizzard Inc (+0.27%). The small capitalisation Russell 2000 rose +0.81%. The US-listed shares of Alibaba Group Holding Ltd gained +3.18% after announcing that it will expand one of its key China e-commerce sites, Tmall, into Europe. The announcement comes just over two months after Alibaba, China's biggest e-commerce firm, announced plans to split its business into six units, a move designed to give each unit more autonomy and faster decision-making powers.
US equity markets rallied, with both the S&P500 and Nasdaq climbing to fresh 14-month highs as economic data showed signs of the labour market softening and consumer spending moderating, potentially lessening the need for further interest rate rises from the Federal Reserve - Dow gained +429-points or +1.26% to 34,408.06 and a fresh 2023 high. The broader S&P500 +1.22% to 4,425.84, recording a sixth consecutive session of gains and lifting the index above the >4,400 level a week after the large capitalisation benchmark exited its the longest bear market since 1948. It also marked the longest stretch of straight gains since November 8, 2021, according to Dow Jones Market Data. Health Care (up +1.55%), Communication Services (+1.54%) and Industrials (+1.51%) all gained over >1.5% to lad all eleven primary sectors higher. The Nasdaq climbed +1.15% to 13,782.82, marking the highest settlement for the technology centric index since 7 April, 2022. Microsoft Corp gained +3.19% to US$348.10, extending gains into a sixth consecutive session and booking a record closing high as investors seemingly focused more on the tech giant's artificial-intelligence (AI) roadmap instead of the stalled US$69B acquisition of videogame publisher Activision Blizzard Inc (+0.27%). The small capitalisation Russell 2000 rose +0.81%. The US-listed shares of Alibaba Group Holding Ltd gained +3.18% after announcing that it will expand one of its key China e-commerce sites, Tmall, into Europe. The announcement comes just over two months after Alibaba, China's biggest e-commerce firm, announced plans to split its business into six units, a move designed to give each unit more autonomy and faster decision-making powers.
US equity markets rallied strongly in the final hour of the session following Federal Reserve Chair Jerome Powell's speech at the Hutchins Centre on Fiscal and Monetary Policy at The Brookings Institution in which he confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign - Dow rallied +737 points or +2.18%. The broader S&P500 climbed +3.09%, snapping a three session losing streak. Information Technology (up +5.03%) and Communication Services (+4.91%) both rallied ~5% to lead all eleven primary sectors higher. Energy (+0.54%) was the relative laggard. The Nasdaq jumped +4.41%. The small capitalisation Russell 2000 rose +2.72%. The U.S.-listed shares of China-based e-commerce giant Alibaba Group Holding Ltd capped a strong month, rallying +9.64% and posting its second-best monthly performance (+37.72%) since it went public in September 2019 and the best since the record monthly rally of +42.2% in October 2015.
US equity markets rallied strongly in the final hour of the session following Federal Reserve Chair Jerome Powell's speech at the Hutchins Centre on Fiscal and Monetary Policy at The Brookings Institution in which he confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign - Dow rallied +737 points or +2.18%. The broader S&P500 climbed +3.09%, snapping a three session losing streak. Information Technology (up +5.03%) and Communication Services (+4.91%) both rallied ~5% to lead all eleven primary sectors higher. Energy (+0.54%) was the relative laggard. The Nasdaq jumped +4.41%. The small capitalisation Russell 2000 rose +2.72%. The U.S.-listed shares of China-based e-commerce giant Alibaba Group Holding Ltd capped a strong month, rallying +9.64% and posting its second-best monthly performance (+37.72%) since it went public in September 2019 and the best since the record monthly rally of +42.2% in October 2015.
Investors were floored when China started cracking down on homegrown tech giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. in late 2020. They shouldn't have been, argues Kendra Schaefer, an expert on Chinese tech policy with Beijing-based Trivium China. For almost 20 years, the Chinese Communist Party has struggled to understand how its sprawling internet and financial technology industry fit with a socialist market economy, and things finally boiled over two years ago, Schaefer says. Increasingly, Chinese leader Xi Jinping and his party want technology firms to meet "state-directed goals," she says. In this special edition from the Bloomberg New Economy Forum in Singapore, we dive into the complexities of Chinese economic policy. One of the more recent challenges for investors and foreign businesses operating in China is a lack of good intelligence, Schaefer tells host Stephanie Flanders. There's been an "exodus" of Chinese policy experts since the pandemic began, she says, partly because of restrictions on travel inside the country. Schaefer herself recently relocated to the US from Beijing. For now, many foreign companies have been confused by recent aggressive moves out of Beijing and powerless to do much about it. While investors were befuddled by new regulations on China's big tech firms, behind the scenes the country was increasingly uneasy with their power and apparent lack of interest in Communist Party objectives. Instead of "disrupting pizza delivery," tech giants should focus more on developing high-end computer chips, Schaefer says, citing the opinion of party leaders. Meantime, manufacturers have seen production grind to a halt at the slightest spread of Covid-19. For sure, some companies have talked about mitigating risk and diversifying outside of China. However, leaving altogether is hardly an option for many. Duplicating the country's supply chain would take 10 years, so "people are just doing their best to hedge their bets," Schaefer says.See omnystudio.com/listener for privacy information.
1:40 - Richard's one big thing is the Kingdom's newly announced national aspirations and priorities for the research, development and innovation sector to enhance the kingdom's competitiveness and add 60 billion riyals ($16bn) to its gross domestic product by 2040. Dr. Munir El Desouki, president of King Abdul Aziz City for Science and Technology (KACST) in Riyadh, sat down with The National to explain what these plans for the RDI sector entail. The hosts discuss the importance and impact of this new plan to consolidate the Kingdom's aspirations into one cohesive plan with big investment. 8:47 - Lucien's one big thing this week is THE LINE, a futuristic, almost unbelievable concept from Saudi Arabia. It's essentially a huge city, which is only one building, that is 109 miles long in the shape of a single mirrored line cutting through the Saudi desert in NEOM. THE LINE will ultimately house 9 million people, will be 200-meters wide (656 feet), and is designed to sit 500 meters (1,640 feet) above sea level. THE LINE in NEOM will span 34 square kilometers (13 square miles). The Line will run entirely on renewable energy, with no roads, cars or emissions. High-speed rail will connect sections of The Line. Lucien and Richard react to the announcement and the ambition of the concept.23:23 - The 966 talks with Eyad Albayouk from the VC firm Flat6Labs KSA. Eyad chats with us about Saudi Arabia's growing startup ecosystem and entrepreneurship in the Kingdom, and the state of Saudi VC in 2022 as the Kingdom ramps up Vision 2030 execution.1:15:00 - Yallah! 6 Top Storylines in Saudi Arabia this week to get you up to date ahead of the weekend.1) Will Lucid Motors' Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?According to a post on Medium: "Inside Evs Ben O'Hare reports that Aston Martin, a century-old British luxury car maker, may be looking to go electric to combat against flagging sales. The company is in somewhat dire straits, holding around $1 billion in debt and finishing off 2021 with a deficit of nearly $91 million for the year. Despite their recent struggles, Aston Martin revealed last year that they hope to have their first EV available sometime in 2025. To help facilitate this, they are said to be weighing other manufacturer platforms to help expedite their journey to a finished product. Lucid Motors, Mercedes Benz and Rimrac are believed to be favorites."2 Saudi Arabia Concludes its Participation at Farnborough International AirshowSaudi Arabia concluded its participation at Farnborough International Airshow (FIA 2022), according a report in Asharq Alawsat. The five-day show was held in the United Kingdom, and witnessed wide-scale participation from across the globe. Under the national “Invest Saudi”, the Saudi Pavilion was organized and led by the General Authority for Military Industries (GAMI). It comprised GAMI, the Saudi Ministry of Investment, the World Defense Show (WDS), and the Saudi Arabian Military Industries (SAMI). Ahmad Al-Ohali, GAMI Governor, said the core message to global stakeholders was it has never been easier to localize business. Also announced was that the Saudi defense sector localization rate grew from 2% in 2018 to 11.7% in 2021.3) Saudi Arabia Plans Air-Cargo Roadshows to Lure Amazon, DHLSaudi Arabia plans to stage a number of roadshows in the next 12 to 18 months as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG's DHL to help scale up air-cargo and distribution operations, Bloomberg reports. The Mideast country will invite private companies to establish partnerships and set up freight-forwarding and warehousing activities, said Mohammed Fahad Alkhuraisi, vice president for strategy at the Saudi General Authority of Civil Aviation.4) YouTube removes offensive ads upon request by Saudi Arabia regulatorsYouTube removed certain offensive advertisements which were described as inconsistent with Islamic and Saudi societal standards upon the request of media regulators in Saudi Arabia, Arabic news media Bloomberg Asharq reported on Monday, citing a YouTube spokesperson. On Sunday, Saudi Arabia's General Commission for Audiovisual Media (GCAM) and the Communications and Information Technology Commission (CITC) released a statement demanding the Google-owned video-sharing platform remove the offensive advertisements. A spokesperson from YouTube told the broadcaster that accounts of the advertisers who broadcasted the offensive content had been shut down.5) 40 Saudi colleges to convert into applied collegesThe Saudi Council of Universities Affairs has decided to convert 40 theoretical colleges, located in various governorates, into applied colleges specialized in health, technology and engineering, Zawya reports. By this, the number of applied colleges in the Kingdom would rise to 75. The council approved the classification of the model Saudi universities into five categories. These are comprehensive, pedagogical, research, specialized, and applied. These criteria aimed to enhance differentiation between universities, raise the level of specialization and focus, enhance the efficiency of their operation, raise the level of added value to society and the nation with a road map to focus strategies for these universities, and to improve the quality of education outputs in line with the requirements of the national, regional and global labor market.6) Saudi Arabia most positive on its country's economic outlook: SurveySaudi Arabia is the most positive on its country's economic outlook with 93 percent rating it as good, according to the Ipsos Global Consumer Confidence survey. The survey used a representative sample of 20,022 adults aged 16-74 in 27 participating countries. According to the survey, across 27 countries, 32 percent on average say that the current economic situation in their country is good, while a majority of 68 percent say that it is bad.
US equity markets opened the new month and quarter with modest gains on Friday (1 April), with Wall Street looking to bounce back from its first negative quarter in two years - Dow up +140-points or +0.40%, recovering from an earlier session decline of ~100-points. The broader S&P500 added +0.34%, with the more defensive Real Estate (up +2.02%), Utilities (+1.45%) and Consumer Staples (+1.25%) sectors leading eight of the eleven primary sectors higher. Industrials (down -0.70%), Financials (-0.21%) and Information Technology (-0.17%) were the three primary sectors to close in the red. The Nasdaq +0.29%. Apple Inc (down -0.17%) was removed from JP Morgan's Analyst Focus List, with the investment bank's analysts citing concerns around a moderation in consumer spending. Apple climbed for 11-days from 14 March 14 until last Wednesday (30 March) - its longest winning streak since 2003. Chipmaker Qualcomm Inc (down -3.81%) was also removed from the focus list. Chip stocks more broadly were under fresh pressure, with Intel Corp down -2.93% and Advanced Micro Devices Inc -1.05%. Tesla Inc (up +0.65%) on Saturday (2 April) reported first quarter deliveries of ~310K vehicles, in-line with analysts' expectations despite soaring gas prices, fresh COVID restrictions and supply chain challenges. It marked a quarterly record for the electric vehicle maker, up from ~309K vehicles delivered in the fourth quarter of 2021 and ~185K vehicles delivered in the first quarter of 2021. The small capitalisation Russell 2000 rose +1.01%. U.S.-listed Chinese stocks rallied on Friday (1 April) following a report that authorities in Beijing were preparing to meet a key demand of U.S. regulators, a move that would remove a cloud of uncertainty from companies like Alibaba Group Holding Ltd (up +1.29%), DiDI Global Inc (+12.80%), JD.com Inc (+2.11%) and NIO (+4.18%). The Chinese Securities Regulatory Commission and other regulators are drafting a new framework that would allow most Chinese companies to keep their U.S. listings, Bloomberg reported, citing anonymous sources. Beijing is set to give U.S. regulators the auditing reports of most of the 200-plus Chinese companies listed in New York, the report said, but was preparing to accept that some state-owned firms will be delisted.
US equity markets opened the new month and quarter with modest gains on Friday (1 April), with Wall Street looking to bounce back from its first negative quarter in two years - Dow up +140-points or +0.40%, recovering from an earlier session decline of ~100-points. The broader S&P500 added +0.34%, with the more defensive Real Estate (up +2.02%), Utilities (+1.45%) and Consumer Staples (+1.25%) sectors leading eight of the eleven primary sectors higher. Industrials (down -0.70%), Financials (-0.21%) and Information Technology (-0.17%) were the three primary sectors to close in the red. The Nasdaq +0.29%. Apple Inc (down -0.17%) was removed from JP Morgan's Analyst Focus List, with the investment bank's analysts citing concerns around a moderation in consumer spending. Apple climbed for 11-days from 14 March 14 until last Wednesday (30 March) - its longest winning streak since 2003. Chipmaker Qualcomm Inc (down -3.81%) was also removed from the focus list. Chip stocks more broadly were under fresh pressure, with Intel Corp down -2.93% and Advanced Micro Devices Inc -1.05%. Tesla Inc (up +0.65%) on Saturday (2 April) reported first quarter deliveries of ~310K vehicles, in-line with analysts' expectations despite soaring gas prices, fresh COVID restrictions and supply chain challenges. It marked a quarterly record for the electric vehicle maker, up from ~309K vehicles delivered in the fourth quarter of 2021 and ~185K vehicles delivered in the first quarter of 2021. The small capitalisation Russell 2000 rose +1.01%. U.S.-listed Chinese stocks rallied on Friday (1 April) following a report that authorities in Beijing were preparing to meet a key demand of U.S. regulators, a move that would remove a cloud of uncertainty from companies like Alibaba Group Holding Ltd (up +1.29%), DiDI Global Inc (+12.80%), JD.com Inc (+2.11%) and NIO (+4.18%). The Chinese Securities Regulatory Commission and other regulators are drafting a new framework that would allow most Chinese companies to keep their U.S. listings, Bloomberg reported, citing anonymous sources. Beijing is set to give U.S. regulators the auditing reports of most of the 200-plus Chinese companies listed in New York, the report said, but was preparing to accept that some state-owned firms will be delisted.
US equity markets weaker as investors continued to monitor Russia-Ukraine updates and China's latest COVID-related lockdown ahead of the Federal Reserve's latest monetary policy decision on Thursday morning AEST (17 March) - Dow settled unchanged , relinquishing an earlier rally of as much as +450-points. Apple Inc fell -2.66% after its supplier and biggest assembler of iPhones Hon Hai Precision Industry Co Ltd, known as Foxconn Technology Group, suspended operations in China's Shenzhen amid rising COVID-19 cases. There were separate reports that Foxconn is in talks with Saudi Arabia about jointly building a US$9B multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter. Taiwan-based Foxconn is also reportedly talking with the United Arab Emirates about potentially siting the project there. Intel Corp and Salesforce.Com Inc fell -3.12% and -2.4% respectively. However, American Express Co and Visa Inc were among the Dow's top gainers, adding +2.9% and +1.8% respectively. The broader S&P500 fell -0.74%, with Energy (down -2.89%) and Information Technology (-1.90%) leading seven of the eleven primary sectors lower. Financials (up +1.25%) was the best performing primary sector overnight. The S&P 500 booked its first death cross - where the 50-day moving average crosses below the 200-day moving average - since March of 2020. The technology-centric Nasdaq dropped -2.06%, with chipmakers under particular pressure. Qualcomm Inc fell -7.25% and Nvidia Corp -3.48%. The small capitalisation Russell 2000 declined -1.92%. The U.S.-listed shares of Alibaba Group Holding Ltd sank -10.3% as the China-based e-commerce giant continues to suffer from a broad selloff in China's stock market amid the threat of delisting of shares of China-based companies in the U.S. Hong Kong's Hang Seng index fell -4.97% yesterday (14 March), while mainland Chinese stocks were also weaker (Shanghai Stock Exchange down -2.60%, with the Shenzhen Component Index shed -3.08%)
US equity markets weaker as investors continued to monitor Russia-Ukraine updates and China's latest COVID-related lockdown ahead of the Federal Reserve's latest monetary policy decision on Thursday morning AEST (17 March) - Dow settled unchanged , relinquishing an earlier rally of as much as +450-points. Apple Inc fell -2.66% after its supplier and biggest assembler of iPhones Hon Hai Precision Industry Co Ltd, known as Foxconn Technology Group, suspended operations in China's Shenzhen amid rising COVID-19 cases. There were separate reports that Foxconn is in talks with Saudi Arabia about jointly building a US$9B multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter. Taiwan-based Foxconn is also reportedly talking with the United Arab Emirates about potentially siting the project there. Intel Corp and Salesforce.Com Inc fell -3.12% and -2.4% respectively. However, American Express Co and Visa Inc were among the Dow's top gainers, adding +2.9% and +1.8% respectively. The broader S&P500 fell -0.74%, with Energy (down -2.89%) and Information Technology (-1.90%) leading seven of the eleven primary sectors lower. Financials (up +1.25%) was the best performing primary sector overnight. The S&P 500 booked its first death cross - where the 50-day moving average crosses below the 200-day moving average - since March of 2020. The technology-centric Nasdaq dropped -2.06%, with chipmakers under particular pressure. Qualcomm Inc fell -7.25% and Nvidia Corp -3.48%. The small capitalisation Russell 2000 declined -1.92%. The U.S.-listed shares of Alibaba Group Holding Ltd sank -10.3% as the China-based e-commerce giant continues to suffer from a broad selloff in China's stock market amid the threat of delisting of shares of China-based companies in the U.S. Hong Kong's Hang Seng index fell -4.97% yesterday (14 March), while mainland Chinese stocks were also weaker (Shanghai Stock Exchange down -2.60%, with the Shenzhen Component Index shed -3.08%)
Network effects are one of the most valuable – but difficult to maintain – advantages in the tech space. Analyst Varun Gupta, CFA, explains the benefits of these effects and why it's so challenging for companies to maintain their edge. As of December 31, 2021, Diamond Hill owned shares of Alibaba Group Holding Ltd., Alphabet, Inc. (Cl A), Meta Platforms, Inc. (Cl A), Microsoft Corp. and Tencent Holdings Ltd. As of November 30, 2021, Diamond Hill owned debt in Apple, Inc. The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.
PM Modi has inaugurated Phase 1 of the Kashi Vishwanath Corridor in Varanasi, Harnaaz Sandhu of India has been crowned the 70th Miss Universe, Alibaba Group Holding Ltd has fired a woman who accused a manager of sexual assault & other top news in this bulletin.
A broad sell-off in the technology sector saw US equity markets complete a tumultuous week on softer note, with investors digesting the latest November jobs figures and implications for central bank monetary policy - Dow down -60-points or -0.17%, paring an earlier decline of over >300-points. Boeing Co lost -1.9%. The broader S&P500 lost -0.84% to 4,538.43, falling below its 50-day moving average (4,544) once again. Consumer Discretionary (down -1.84%), Information Technology (-1.65%) and Financials (-1.54%) all down over >1.5%. Tesla Inc fell -6.42%. Airlines (Delta Air Lines Inc down -1.8%) and cruise operators (Norwegian Cruise Line Holdings Ltd down -4.54% and Carnival Corp -3.86%) saw fresh selling pressure. The technology-centric Nasdaq -1.92%. Facebook Inc fell -1.9% to settle more than >20% below its intra-day peak in September. Nvidia Corp fell -4.46% a day after the Federal Trade Commission sued to block the US$40B acquisition of Arm from SoftBank Group Corp (-0.71%). The small capitalisation Russell 2000 -2.13%. Ride-hailing giant Didi Global Inc tumbled -22.18% after announcing that it will delist from the New York Stock Exchange and make plans to list in Hong Kong instead following pressure from the Chinese government. The decision comes less than six months after the company listed in the U.S. (with the stock falling ~44% in that period). SoftBank Corp (up +0.13%) and Uber Technologies Inc (down -5.95%) combined own over >30% of Didi. Other Chinese companies listed on the NYSE came under pressure, with JD.Com Inc down -7.71%, Baidu Inc -7.77% and Alibaba Group Holding Ltd -8.23%.
A broad sell-off in the technology sector saw US equity markets complete a tumultuous week on softer note, with investors digesting the latest November jobs figures and implications for central bank monetary policy - Dow down -60-points or -0.17%, paring an earlier decline of over >300-points. Boeing Co lost -1.9%. The broader S&P500 lost -0.84% to 4,538.43, falling below its 50-day moving average (4,544) once again. Consumer Discretionary (down -1.84%), Information Technology (-1.65%) and Financials (-1.54%) all down over >1.5%. Tesla Inc fell -6.42%. Airlines (Delta Air Lines Inc down -1.8%) and cruise operators (Norwegian Cruise Line Holdings Ltd down -4.54% and Carnival Corp -3.86%) saw fresh selling pressure. The technology-centric Nasdaq -1.92%. Facebook Inc fell -1.9% to settle more than >20% below its intra-day peak in September. Nvidia Corp fell -4.46% a day after the Federal Trade Commission sued to block the US$40B acquisition of Arm from SoftBank Group Corp (-0.71%). The small capitalisation Russell 2000 -2.13%. Ride-hailing giant Didi Global Inc tumbled -22.18% after announcing that it will delist from the New York Stock Exchange and make plans to list in Hong Kong instead following pressure from the Chinese government. The decision comes less than six months after the company listed in the U.S. (with the stock falling ~44% in that period). SoftBank Corp (up +0.13%) and Uber Technologies Inc (down -5.95%) combined own over >30% of Didi. Other Chinese companies listed on the NYSE came under pressure, with JD.Com Inc down -7.71%, Baidu Inc -7.77% and Alibaba Group Holding Ltd -8.23%.
Asian stocks looked set for a mixed start Friday as Chinese technology shares struggle, contrasting with a rally in their U.S. counterparts that propelled Wall Street equities to a record high. Australian shares and futures for Japan were steady, while Hong Kong contracts slid. A tumble in the likes of e-commerce firm Alibaba Group Holding Ltd. and video-streaming platform operator Bilibili Inc. hurt an index of U.S.-listed Chinese stocks. Alibaba slashed its outlook for fiscal 2022 revenue amid intensifying competition, dwindling consumer spending and regulatory curbs. In the U.S., a clutch of megacap tech companies rose, helping to take the Nasdaq 100 and S&P 500 to new peaks in a choppy session ahead of Friday's options expiration. U.S. futures climbed in early Asian trading. #PhillipCapital #Servingyousince1975 #Fintech # PITCH
How have global luxury goods companies fared during the pandemic and can they sustain growth through an inflationary environment? International analyst Yiting Liu, CFA, shares her perspectives on the luxury goods market in this podcast. Compound annual growth rate (CAGR) is a metric that smooths annual gains over a specified number of years as if the growth had happened steadily each year over that time period. As of July 31, 2021, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont SA, Diageo PLC, Walt Disney Co., Tencent Holdings Ltd., Alibaba Group Holding Ltd. As of May 31, 2021, Diamond Hill owned debt in Walt Disney Co. The views expressed are those of the speakers as of August 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.
收听提示 1、阿里主管性侵女员工是怎么回事? 2、如何判断性骚扰? 3、怎么理解酒桌文化? 4、如何在职场里保护好自己? 本集相关 阿里巴巴女员工性侵指控引发众怒及调查 阿里巴巴集团控股有限公司(Alibaba Group Holding Ltd.,简称:阿里巴巴)一名员工对其主管的性侵指控在网上广泛传播,引发了公众排山倒海的批评,并激起人们对职场性骚扰的质问,这促使阿里巴巴首席执行官张勇介入其中。 本集音乐 刘洁娴《没得选择》 上集回顾 308. 悼念余英时先生,什么是真正的"士"? 《八分》每周三、周五晚8点更新 欢迎留言说出你的问题和建议
收听提示 1、阿里主管性侵女员工是怎么回事? 2、如何判断性骚扰? 3、怎么理解酒桌文化? 4、如何在职场里保护好自己? 本集相关 阿里巴巴女员工性侵指控引发众怒及调查 阿里巴巴集团控股有限公司(Alibaba Group Holding Ltd.,简称:阿里巴巴)一名员工对其主管的性侵指控在网上广泛传播,引发了公众排山倒海的批评,并激起人们对职场性骚扰的质问,这促使阿里巴巴首席执行官张勇介入其中。 本集音乐 刘洁娴《没得选择》 上集回顾 308. 悼念余英时先生,什么是真正的"士"? 《八分》每周三、周五晚8点更新 欢迎留言说出你的问题和建议
Since their February peak, China's tech titans have lost $823 billion in market value. Authorities issued a broad warning to the country's largest corporations on Tuesday, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.'s contentious decision to go public in the United States. Tencent Holdings Ltd., Alibaba Group Holding Ltd., JD.Com Inc., Baidu Inc., and Meituan have all seen their stock prices fall 3.16%, 3.92%, 2.49%, 5.75%, 3.74%, respectively, as a result of this. Did fell about 20% on Monday, and another 5.88% today.
Correspondent Samuel Okocha reviews Spotify and what it can mean for an investor From Philadelphia, Adam Choppin from Xponance Asset Management and Investment explains the advantages of investing in Taiwan stocks such as Taiwan Semiconductor Manufacturing Ltd., Chungwha Telecom Company Ltd. and United Microelectronics Corp. From San Diego, Peter Merrick at Merrick Wealth discusses Chinse stocks including Tencent Holdings Ltd. Alibaba Group Holding Ltd. and JD.com Inc. Gavin Graham outlines the usefulness of copper and copper stocks such as Franco- Nevada Corp. and First Quantum Minerals Ltd. as a strategy for preparing for a correction.
It's Halloween Week! Singles' Day, the online shopping extravaganza hosted by Alibaba Group Holding Ltd. every Nov. 11, raked in over $20 billion by half-past six in the morning. China's Singles' Day on November 11th, is the single-biggest shopping holiday in the world. ... Singles' Day is bigger than Black Friday and Cyber Monday combined. The 24-hour shopping event has also far surpassed Amazon's Prime Day. Singles Day or 11.11, is the biggest shopping day of the year for singles, as Chinese e-commerce players led by Alibaba offer massive discounts on everything from electronics to cars. Singles Day is widely believed to have started in the 1990s by men celebrating being single in universities. We learn something new every day! WendiCooper.com
Technology stocks again led the latest rally for US equity markets - Dow up +177-points or +0.68% The broader S&P500 gained +0.78% . United Airlines Holdings Inc slipped -0.1% after saying it would send furlough or layoff warnings to 36,000 employees due to the coronavirus impact on demand for air travel. The technology-centric NASDAQ gained +1.44% (to 10,492.50) to log its 25th record closing high this year. Apple Inc rose +2.3% and hit a fresh record high (US$381.50), buoyed by Deutsche Bank hiking their target price . Amazon.com Inc (+2.70%), Facebook Inc (+1.13%), Microsoft Corp (+2.20%) and Netflix Inc (+1.95%) also all touched record highs. Nvidia Corp rose +3.5% and surpassed Intel Corp (%) as the largest U.S. chip maker by market capitalisation for the first time. Nvidia now has a market capitalisation of ~US$251B versus Intel at ~US$248B. In broader stock moves, Alibaba Group Holding Ltd rallied +9% following a report that the Chinese e-commerce giant plans an initial public offering for Ant Financial Services Group. Alcoa Corp fell -1.25% after the aluminium products maker provided preliminary second-quarter results that were above analyst expectations, citing productivity gains and cost savings amid challenges resulting from the COVID-19 pandemic. Taylor Morrison Home Corp jumped +16.9% after the homebuilder advised that June was its strongest sales month ever.
The benchmark US equity indices logged another round of record closing highs in thin trading ahead of the Thanksgiving Day holiday - Dow up +54-points or +0.19%. Walt Disney Co was among the leading index performers, gaining +1.3% and touching a reached a record high (US$153.41) after a report found that close to a million new subscribers a day are signing up for its newly launched digital streaming service, Disney+, less than two weeks after its initial rollout. The broader S&P500 added +0.22% and the NASDAQ +0.21%. Alibaba Group Holding Ltd (up +2.23%) made a strong debut on the Hong Kong Stock Exchange yesterday (26 November), rising +6.59%. On the merger and acquisition front, Xerox Holdings said it plans to follow through on a threat to take its US$33B bid for HP Inc directly to shareholders unless the two companies are able to agree on due diligence terms.
US equity markets eked out modest gains to finish the week despite conflicting reports around the US-China trade negotiations, with all three benchmark indices logging fresh record closing highs - Dow inched +6-points higher to 27,681.24. Walt Disney Co (up +3.76%) was the leading index performer a day after Walt Disney launches its much anticipated streaming service, Disney+, in the US, Canada and the Netherlands on Tuesday (12 November). The broader S&P500 added +0.26% to 3,093.08, logging its fourth record closing high in the past six sessions. The technology-centric NASDAQ +0.48% to 8,475.31. Alibaba Group Holding Ltd (up +0.27%) is aiming to raise US$10B to US$15B in a second listing in Hong Kong as soon as this month, according to people familiar with the matter, reviving the planned offering even as the city's political climate remains unstable. A listing of $10B or more would surpass Uber Technologies Inc as the biggest stock offering so far this year, although it could quickly be overtaken by oil producer Saudi Aramco's initial public offering. For the week, the Dow rose +1.22%, S&P500 +0.85% (to log its first five week winning streak since March) and Nasdaq +1.06%. White House adviser Peter Navarro said that the US had not agreed to roll back tariffs, following reports that there were disagreements within the Trump administration whether to remove existing import levies. President Trump later cast further doubt on whether there would be a rollback on exiting tariffs on Chinese goods, confirming that he had not made a final decision a day after officials from both countries reportedly said that a framework had been laid out for rolling back existing import duties on top of the ones that were set to kick in at 15 December as part of a phase one trade deal. Mr Navarro repeated late on Friday (8 November) in an interview with Yahoo Finance's The Final Round that "There is no agreement to rollback any exiting tariffs as part of the Phase One deal, noting that it was never on the table when the parties met and had a handshake deal in October.
US equity markets retreated as investor optimism around a US-China trade deal faded amid a series of headlines - Dow fell -314-points or -1.19% The broader S&P500 -1.56%, with Financials (down -2.02%) leading all eleven primary sectors into the red. Boeing Co fell -0.65% after the aircraft maker reported that its deliveries of airliners to customers in September plunged 70% from the level of a year earlier. Boeing delivered 26 airliners in September, down from 87 a year earlier and trailing the 71 reported by its European rival Airbus. Over the first nine months of the year, Boeing delivered 302 airplanes, compared with 571 by Airbus. The grounded 737 Max accounted for virtually the entire drop in Boeing shipments. NASDAQ -1.67%. Oracle Corp fell 1.4% after the company announced its planning to hire 2,000 new workers as part of a plan to expand cloud computing services to more companies in the competition with Amazon Web Services and Microsoft. U.S.-traded shares of Alibaba Group Holding Ltd (down -3.8%), JD.com Com (-3.88%) and Baidu Inc (-1.91%) fell following reports that the White House is considering limits on Chinese stock holdings in government pension funds
US equity markets closed out the month and quarter on a positive note - Dow up +97-points or +0.36% The broader S&P500 rose +0.50% and enters the fourth quarter with its biggest year-to-date gain (up +18.74%) in more than two decades. The NASDAQ gained +0.75%, with Apple Inc (up +2.4%) buoyed by a J.P. Morgan lifting their target price on the company by ~9% to US$265 per share and retaining their 'overweight' rating after raising their iPhone sales forecasts. The gain saw Apple recoup its trillion US dollar market capitalisation. U.S.-listed shares of Chinese tech firms Alibaba Group Holding Ltd (up +0.75%) and Baidu Inc (+1.53%) rebounded following the US Treasury Department's denial that it was considering banning Chinese firms from U.S. exchanges. In corporate news, the parent of office-space sharing company WeWork, We Co. said that it would withdraw its planned initial public offering (IPO) for now. The company had filed for an IPO on 14 August but was forced to delay its plan to go public after investors raised concerns about losses, liabilities and valuations, leading co-Founder and CEO Adam Naumann to resign last week. For the month, the Dow gained +1.95%, S&P500 +1.72% and Nasdaq +0.46%. For the quarter, both the Dow and S&P500 gained +1.19% to log their third straight quarter of gains. The Nasdaq slipped -0.09%.
US equity markets fell as investors weighed the latest US-China headlines - Dow fell -71-points or -0.26%, erasing an earlier gain of ~130-points. The broader S&P500 fell -0.53%, with Financials (up +0.24%) the only primary sector to advance as Wells Fargo and Company gained+3.7% after the US' fourth-largest bank announced that it has named Bank of New York Mellon Chairman and Chief Executive Officer (CEO) Charles Scharf as its new CEO. Information Technology (down -1.26%) was the worst primary sector performer. The NASDAQ shed-1.13%. Micron Technology Inc tumbled -11.09% after the chipmaker reported its fiscal fourth quarter result after the close of last Thursday's (26 September) session and said that the US trade war with China is hurting the company's business with Huawei, weighing on the company's fourth-quarter results and threatening to harm its future financials. Equity markets initially rallied, buoyed by a CNBC report that top US and Chinese negotiators are set to meet 10-11 October in Washington, with Chinese Vice Premier Liu He to lead the delegation from Beijing. However, investor sentiment was subsequently rattled by a Bloomberg News report alleged that the Trump administration has been discussing ways to curb US portfolio inflows into China. The report weighed on China names, including Alibaba Group Holding Ltd (down -5.15%) and Baidu Inc (-3.67%). However, US Treasury spokeswoman Monica Crawley said that the Trump administration "is not contemplating blocking Chinese companies from listing shares on the US stock exchanges at this time" in an emailed statement on Saturday (28 September). On Sunday (29 September), China's ice Commerce Minister Wang Shouwen said that China's top trade negotiator will lead an upcoming 13th round of trade talks between the US and China although he did not specify dates. For the week, the Dow lost -0.43%, S&P500 -1.01% and Nasdaq -2.19%.
Trading Block: Strong earnings, surge in oil power Dow to record intraday high. Earnings today: (Before the bell): Alibaba Group Holding Ltd, Kohls Corporation, Macys Inc.; (After the bell): Cosi, Inc., Nordstrom Inc. VRX ATM straddle approx. $3, 13%. So much for put buyers: stock opened $1.50 higher and closed nearly $6 higher: surrendered most of those gains today. Odd Block: Calls trade in Twitter Inc (TWTR), Calls trade in Alibaba Group Holdings (BABA), Puts trade in SPDR Retail ETF (XRT) Mail Block/Options Question of the Week: Options #QuestionoftheWeek. What is your preferred way to trade crude oil? QOTW WTI Options / Futures USO Options / ETF XLE Options / ETF Brent Options / Futures Question from Rpatel117: Do you guys think DIS cross 100 this week? Question from Matrix: Never sold options before. Why do some people prefer to sell them when they can buy them instead? Question from Cucas: What are the best resources for weeklies? Around the Block: This Week in the Market. Aug 9: Productivity and Costs, Aug 10: JOLTS, Treasury Budget, Aug 11: Jobless Claims, Export Prices, Aug 12: Retail Sales, Consumer Sentiment
Trading Block: Strong earnings, surge in oil power Dow to record intraday high. Earnings today: Before the bell: Alibaba Group Holding Ltd, Kohls Corporation, Macys Inc.; After the bell: Cosi, Inc., Nordstrom Inc. VRX: ATM straddle approx. $3, 13%. So much for put buyers Stock opened $1.50 higher and closed nearly $6 higher - surrendered most of those gains today. Odd Block: Calls trade in Twitter Inc (TWTR), calls trade in Alibaba Group Holdings (BABA), puts trade in SPDR Retail ETF (XRT) Mail Block: Options Question of the Week Options #QuestionoftheWeek. What is your preferred way to trade crude oil? #QOTW WTI Options / Futures USO Options / ETF XLE Options / ETF Brent Options / Futures Question from Rpatel117 - Do you guys think DIS cross 100 this week?" Question from Matrix - Never sold options before. Why do some people prefer to sell them when they can buy them instead? Question from Cucas - What are the best resources for weeklies? Around the Block: This Week in the Market Aug 9: Productivity and Costs Aug 10: JOLTS, Treasury Budget Aug 11: Jobless Claims, Export Prices Aug 12: Retail Sales, Consumer Sentiment
Trading Block: Alibaba - Shares of Alibaba Group Holding Ltd. (BABA -4.05%) have tumbled recently amid an array of problems. U.S. stocks decline amid focus on Fed rate decision this week. Traders are preparing for massive Fed-driven volatility. The SPDR S&P 500 (NYSE:SPY) put-call ratio dropped hard to well below its 20 DMA on Friday. Odd Block: Calls trade in Anheuser Busch Inbev SA (BUD), puts trade in Chesapeake Energy Corp. (CHK), and calls trade in EMC Corp (EMC). Mail Block: Listener questions and comments Question from Mark Brant - I guess if you place the long side first then your margin will be lower for the short side so maybe the long side is hard? Question from Joe Joe - What happens when I sell a call? Does that money hit my account right away, or do I have to wait until I close the position? Around the Block: Fed Meeting this Wednesday and Thursday.
Trading Block: Alibaba - Shares of Alibaba Group Holding Ltd. (BABA -4.05%) have tumbled recently amid an array of problems. U.S. stocks decline amid focus on Fed rate decision this week. Traders are preparing for massive Fed-driven volatility. The SPDR S&P 500 (NYSE:SPY) put-call ratio dropped hard to well below its 20 DMA on Friday. Odd Block: Calls trade in Anheuser Busch Inbev SA (BUD), puts trade in Chesapeake Energy Corp. (CHK), and calls trade in EMC Corp (EMC). Mail Block: Listener questions and comments Question from Mark Brant - I guess if you place the long side first then your margin will be lower for the short side so maybe the long side is hard? Question from Joe Joe - What happens when I sell a call? Does that money hit my account right away, or do I have to wait until I close the position? Around the Block: Fed Meeting this Wednesday and Thursday.