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Zivcheah
Zivcheah
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2023-01-15
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3 Warren Buffett Stocks to Avoid Like the Plague in 2023
Even the world's greatest investors are wrong from time to time.
3 Warren Buffett Stocks to Avoid Like the Plague in 2023
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2023-01-14
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ASX Weekly Review: Miners Drive Market to Five-Week High
Once again, the mining sector rescued the Australian share market, helping it to a six-week high aft
ASX Weekly Review: Miners Drive Market to Five-Week High
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Zivcheah
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2023-01-13
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Zivcheah
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2023-01-11
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Apple to Begin Making In-House Screens in 2024 in Shift Away From Samsung
Company prepares to launch first custom microLED displaysNew screens coming first to high-end Apple
Apple to Begin Making In-House Screens in 2024 in Shift Away From Samsung
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Zivcheah
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2023-01-10
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Zivcheah
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2023-01-09
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Zivcheah
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2023-01-08
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Tesla Owners in China Protest Against Surprise Price Cuts They Missed
SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distr
Tesla Owners in China Protest Against Surprise Price Cuts They Missed
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2023-01-07
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Southwest’s December Meltdown Could Cost Up to $825 Million
Airline expects to book a quarterly loss, as it took on added costs after winter storm disruptionSou
Southwest’s December Meltdown Could Cost Up to $825 Million
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2023-01-06
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2023-01-01
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Including the 4% gain for Berkshire's Class A shares (BRK.A) in 2022, the Oracle of Omaha has overseen a greater than 3,700,000% aggregate return for his shareholders since taking the reins.</p><p>However, Buffett isn't infallible. Even the greatest investors in the world are going to be wrong from time to time. With approximately four dozen securities in Berkshire Hathaway's investment portfolio, some are bound to underperform.</p><p>As investors continue to steam ahead into the new year, three Warren Buffett stocks stand out as potential underperformers that can be avoided like the plague.</p><h2><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></h2><p>To be perfectly clear, Buffett and his investment team don't pile into train wrecks. They tend to buy businesses that offer a long history of profitability and/or present with clear-cut competitive advantages. Cloud data-warehousing company <b>Snowflake</b> falls into the latter camp, with easily identifiable competitive edges.</p><p>Snowflake built its solutions atop the most popular cloud infrastructure services. While it can be difficult to share data across competing cloud infrastructure platforms without Snowflake, data-sharing is seamless for the company's customers.</p><p>Further, Snowflake has shunned cloud-based subscriptions in favor of a pay-as-you-go model. Customers are charged based on the amount of data stored and Snowflake Compute Credits used. This considerably more transparent payment approach is well liked, as evidenced by Snowflake's net revenue retention rate of 165% in the October-ended fiscal quarter. This retention rate means existing customers are spending 65% more on a year-over-year basis.</p><p>Despite these advantages, I fully expect Snowflake to underperform the broader market in 2023. With the Federal Reserve rapidly raising interest rates to tame historically high inflation, it's growth-oriented companies that'll be hit hardest. If the tea leaves are correct and the U.S. falls into a recession at some point this year, new customer generation and net revenue retention rate would both be expected to slow.</p><p>The other issue that can't be ignored is its premium valuation. Despite Snowflake stock losing in the neighborhood of 70% since hitting an all-time high of $405 in November 2021, it's still, arguably, the most expensive cloud stock relative to sales. Even if the company manages the 46% sales growth Wall Street's consensus is calling for in fiscal 2024 (which covers a good portion of the 2023 calendar year), it'll still be valued at more than 13 times the $3 billion in revenue analysts expect.</p><p>To add, Snowflake is nowhere close to generating a profit based on generally accepted accounting principles (GAAP). In fact, the company's GAAP net loss through the first nine months of fiscal 2023 widened to nearly $590 million from $546 million in the comparable period last fiscal year. Value investors aren't going to want anything to do with Snowflake during a bear market.</p><h2>Kraft Heinz</h2><p>The second Buffett stock to avoid like the plague in 2023 may very well be the worst investment in Berkshire Hathaway's entire portfolio: <b>Kraft Heinz</b>.</p><p>On one hand, Kraft Heinz is doling out an inflation-fighting 3.8% yield, and it owns a vast portfolio of well-known and beloved prepackaged food brands. This includes Kraft and Heinz, as well as Oscar Mayer, Ore-Ida, Velveeta, and Jell-O, among others.</p><p>Kraft Heinz has also been a clear beneficiary of the COVID-19 pandemic. With consumers choosing to eat at home more often, the company's prepackaged and easy-to-make meals, snacks, and condiments have received a boost. Through the first nine months of 2022, its organic growth rate clocked in at a blistering 9.5%.</p><p>However, there are a number of red flags to suggest that Kraft Heinz is in for a rough year. For instance, even though organic growth surged 9.5% through the first nine months of 2022, it's been a function of higher price points and not volume. As a whole, price is up 12.3% and volume is down 2.8%. In my view, this leaves the company exposed to substitution bias from consumers with inflation well above average and the U.S. economy weakening. In other words, consumers could start trading down to store/generic brands that don't cost as much as the brand-name products Kraft Heinz sells.</p><p>Perhaps the most glaring problem with Kraft Heinz can be found on its balance sheet. Thanks to acquisitions, the company is sitting on $30.6 billion in goodwill -- effectively the premium Kraft Heinz paid above the tangible value of the businesses it's purchased -- and close to $20.1 billion in long-term debt. What Kraft Heinz really needs is cash to reignite interest in its brands. Unfortunately, the company is constrained by its balance sheet.</p><p>Normally, a consumer staples company with a forward-year price-to-earnings ratio of 15 would be viewed as a safe-haven investment during a bear market. But with virtually no sales growth on the docket for 2023, and the company's balance sheet still a mess, it stands out as an easy stock to avoid.</p><h2>Apple</h2><p>The third and final Buffett stock to avoid like the plague is none other than Berkshire Hathaway's largest holding, tech stock <b>Apple</b>.</p><p>To reiterate, once again, Buffett and his team invest in high-quality businesses. But even top-notch companies can have bad years.</p><p>On the plus side, Apple has led with innovation. The company's iPhone accounts for approximately half of all U.S. smartphone market share. What's more, Apple's ongoing shift to subscription services should provide a sustained lift on its operating margin and help to reduce the revenue ebbs and flows associated with physical product replacement cycles.</p><p>Apple also has the most impressive capital-return program on the planet. Since the beginning of 2013, Apple has repurchased an almost unfathomable $554 billion worth of its common stock. Not including itself, that's more than the market cap of all but four other <b>S&P 500</b> companies.</p><p>On the other side of the coin, Apple's iPhone 14 failed to provide a lot of differentiation from its preceding model. As a result, Apple ramped down plans to boost iPhone production this past September. Since the iPhone is its top-selling product, this bodes poorly for revenue growth over the next couple of quarters.</p><p>The other issue for Apple is that rapidly rising interest rates have walled off its access to cheap capital. Even though Apple generates plenty of operating cash flow, it had previously turned to the debt market to raise money for share repurchases. With rates rapidly rising, it wouldn't be a surprise to see Apple's share repurchases tail off in 2023.</p><p>As I stated earlier this week, Apple trading at a price-to-earnings multiple of 21 for the current year isn't egregious. But with the company only slated to grow sales by 2% or 3% this year, it simply isn't a good value. I fully expect Apple stock to fall below $100 this year, which makes it a Buffett stock to avoid.</p></body></html>","source":"fool_stock","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>3 Warren Buffett Stocks to Avoid Like the Plague in 2023</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\">\n3 Warren Buffett Stocks to Avoid Like the Plague in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-15 11:58 GMT+8 <a href=https://www.fool.com/investing/2023/01/13/3-warren-buffett-stocks-avoid-like-plague-in-2023/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pretty much all Warren Buffett has done is win since becoming CEO of Berkshire Hathaway in 1965. Including the 4% gain for Berkshire's Class A shares (BRK.A) in 2022, the Oracle of Omaha has overseen ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/13/3-warren-buffett-stocks-avoid-like-plague-in-2023/\">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","KHC":"卡夫亨氏","SNOW":"Snowflake"},"source_url":"https://www.fool.com/investing/2023/01/13/3-warren-buffett-stocks-avoid-like-plague-in-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303708978","content_text":"Pretty much all Warren Buffett has done is win since becoming CEO of Berkshire Hathaway in 1965. Including the 4% gain for Berkshire's Class A shares (BRK.A) in 2022, the Oracle of Omaha has overseen a greater than 3,700,000% aggregate return for his shareholders since taking the reins.However, Buffett isn't infallible. Even the greatest investors in the world are going to be wrong from time to time. With approximately four dozen securities in Berkshire Hathaway's investment portfolio, some are bound to underperform.As investors continue to steam ahead into the new year, three Warren Buffett stocks stand out as potential underperformers that can be avoided like the plague.SnowflakeTo be perfectly clear, Buffett and his investment team don't pile into train wrecks. They tend to buy businesses that offer a long history of profitability and/or present with clear-cut competitive advantages. Cloud data-warehousing company Snowflake falls into the latter camp, with easily identifiable competitive edges.Snowflake built its solutions atop the most popular cloud infrastructure services. While it can be difficult to share data across competing cloud infrastructure platforms without Snowflake, data-sharing is seamless for the company's customers.Further, Snowflake has shunned cloud-based subscriptions in favor of a pay-as-you-go model. Customers are charged based on the amount of data stored and Snowflake Compute Credits used. This considerably more transparent payment approach is well liked, as evidenced by Snowflake's net revenue retention rate of 165% in the October-ended fiscal quarter. This retention rate means existing customers are spending 65% more on a year-over-year basis.Despite these advantages, I fully expect Snowflake to underperform the broader market in 2023. With the Federal Reserve rapidly raising interest rates to tame historically high inflation, it's growth-oriented companies that'll be hit hardest. If the tea leaves are correct and the U.S. falls into a recession at some point this year, new customer generation and net revenue retention rate would both be expected to slow.The other issue that can't be ignored is its premium valuation. Despite Snowflake stock losing in the neighborhood of 70% since hitting an all-time high of $405 in November 2021, it's still, arguably, the most expensive cloud stock relative to sales. Even if the company manages the 46% sales growth Wall Street's consensus is calling for in fiscal 2024 (which covers a good portion of the 2023 calendar year), it'll still be valued at more than 13 times the $3 billion in revenue analysts expect.To add, Snowflake is nowhere close to generating a profit based on generally accepted accounting principles (GAAP). In fact, the company's GAAP net loss through the first nine months of fiscal 2023 widened to nearly $590 million from $546 million in the comparable period last fiscal year. Value investors aren't going to want anything to do with Snowflake during a bear market.Kraft HeinzThe second Buffett stock to avoid like the plague in 2023 may very well be the worst investment in Berkshire Hathaway's entire portfolio: Kraft Heinz.On one hand, Kraft Heinz is doling out an inflation-fighting 3.8% yield, and it owns a vast portfolio of well-known and beloved prepackaged food brands. This includes Kraft and Heinz, as well as Oscar Mayer, Ore-Ida, Velveeta, and Jell-O, among others.Kraft Heinz has also been a clear beneficiary of the COVID-19 pandemic. With consumers choosing to eat at home more often, the company's prepackaged and easy-to-make meals, snacks, and condiments have received a boost. Through the first nine months of 2022, its organic growth rate clocked in at a blistering 9.5%.However, there are a number of red flags to suggest that Kraft Heinz is in for a rough year. For instance, even though organic growth surged 9.5% through the first nine months of 2022, it's been a function of higher price points and not volume. As a whole, price is up 12.3% and volume is down 2.8%. In my view, this leaves the company exposed to substitution bias from consumers with inflation well above average and the U.S. economy weakening. In other words, consumers could start trading down to store/generic brands that don't cost as much as the brand-name products Kraft Heinz sells.Perhaps the most glaring problem with Kraft Heinz can be found on its balance sheet. Thanks to acquisitions, the company is sitting on $30.6 billion in goodwill -- effectively the premium Kraft Heinz paid above the tangible value of the businesses it's purchased -- and close to $20.1 billion in long-term debt. What Kraft Heinz really needs is cash to reignite interest in its brands. Unfortunately, the company is constrained by its balance sheet.Normally, a consumer staples company with a forward-year price-to-earnings ratio of 15 would be viewed as a safe-haven investment during a bear market. But with virtually no sales growth on the docket for 2023, and the company's balance sheet still a mess, it stands out as an easy stock to avoid.AppleThe third and final Buffett stock to avoid like the plague is none other than Berkshire Hathaway's largest holding, tech stock Apple.To reiterate, once again, Buffett and his team invest in high-quality businesses. But even top-notch companies can have bad years.On the plus side, Apple has led with innovation. The company's iPhone accounts for approximately half of all U.S. smartphone market share. What's more, Apple's ongoing shift to subscription services should provide a sustained lift on its operating margin and help to reduce the revenue ebbs and flows associated with physical product replacement cycles.Apple also has the most impressive capital-return program on the planet. Since the beginning of 2013, Apple has repurchased an almost unfathomable $554 billion worth of its common stock. Not including itself, that's more than the market cap of all but four other S&P 500 companies.On the other side of the coin, Apple's iPhone 14 failed to provide a lot of differentiation from its preceding model. As a result, Apple ramped down plans to boost iPhone production this past September. Since the iPhone is its top-selling product, this bodes poorly for revenue growth over the next couple of quarters.The other issue for Apple is that rapidly rising interest rates have walled off its access to cheap capital. Even though Apple generates plenty of operating cash flow, it had previously turned to the debt market to raise money for share repurchases. With rates rapidly rising, it wouldn't be a surprise to see Apple's share repurchases tail off in 2023.As I stated earlier this week, Apple trading at a price-to-earnings multiple of 21 for the current year isn't egregious. But with the company only slated to grow sales by 2% or 3% this year, it simply isn't a good value. I fully expect Apple stock to fall below $100 this year, which makes it a Buffett stock to avoid.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958165989,"gmtCreate":1673661765741,"gmtModify":1676538871975,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9958165989","repostId":"1127819663","repostType":4,"repost":{"id":"1127819663","kind":"news","pubTimestamp":1673654483,"share":"https://ttm.financial/m/news/1127819663?lang=&edition=full_marsco","pubTime":"2023-01-14 08:01","language":"en","title":"ASX Weekly Review: Miners Drive Market to Five-Week High","url":"https://stock-news.laohu8.com/highlight/detail?id=1127819663","media":"Small Caps","summary":"Once again, the mining sector rescued the Australian share market, helping it to a six-week high aft","content":"<html><head></head><body><p>Once again, the mining sector rescued the Australian share market, helping it to a six-week high after commodity prices turned upwards and US investors decided interest rate rises were on the way out.</p><p>The rising commodity prices led to an understandable rally amongst the big miners, with shares inBHP (ASX: BHP)almost cracking the $50 barrier, up 0.5% to $49.64 and Rio Tinto (ASX: RIO)shares jumping 1.1% to $122.29.</p><p>Fortescue Metals (ASX: FMG)shares headed in the opposite direction, down 0.5% to $22.80 as investors were perhaps worried by the apparent revolving door in the executive suites.</p><p>Banks were also stronger led by Commonwealth Bank (ASX: CBA)shares which rallied 1.3% to hit are $106.50.</p><h2>Inflation takes a backward step</h2><p>There was also positive momentum across other market sectors which all rose except for defensive consumer staples and utilities after US inflation data reduced concerns that there would be a series of hefty interest rates rises around the corner.</p><p>US inflation took its first backward step in more than a year with the CPI data for December showing annual inflation had fallen from 7.1% in November to 6.5%.</p><p>That may mean that were past peak inflation in the US, although the battle to get the inflation rate down will obviously continue for some time.</p><p>That positive momentum pushed the ASX 200 47.7 points or 0.7% higher to 7328.1 points, with energy and consumer discretionary sectors the biggest contributors.</p><p>That brought to an end a week in which the main index had rallied by an impressive 3.1%.</p><h2>Coal shares jump on Chinese optimism</h2><p>Optimism about China’s reopening and rumours the unofficial ban on Australian coal imports was ending also led to higher coal prices and big price rises in the sector with New Hope Corporation (ASX: NHC)up 5.1%, Yancoal (ASX: YAL)up 1.6% and Whitehaven Coal (ASX: WHC)up 0.5%.</p><p>There was also some positive action in the take-away space with shares in Domino’s Pizza (ASX: DMP)rising 4.5% to $71.80.</p><p>It wasn’t all good news with some of the big lithium names falling, including Pilbara Minerals (ASX: PLS)dropping 4.1% and Allkem (ASX: AKE)down 1.8%.</p><p>As you would expect in a rising commodities market, the Australian dollar was also doing well on Friday, closing in but not quite achieving the US70c mark.</p><h2>Small cap stock action</h2><p>The Small Ords index rallied 2.83% this week to close on 2968.4 points.</p><p><img src=\"https://static.tigerbbs.com/54cabec6d694f99a79cfee82ccdae1ae\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>ASX 200 vs Small Ords</p><p>Small cap companies making headlines this week were:</p><p>Avecho Biotechnology (ASX: AVE)</p><p>Avecho Biotechnology has had itsTPM-enhanced phytonadione injectable drug presented to the US Food and Drug Administration in a pre-investigational new drug (pre-IND) meeting by global company Athenex Pharmaceutical.</p><p>The feedback from the pre-IND meeting will define the amount of development work remaining before a new drug application is filed with the US FDA for formal review.</p><p>If the feedback is positive and the drug is deemed to be commercially feasible, Avecho and Athenex will proceed to a licensing agreement before development.</p><p>Azure Minerals (ASX: AZS)</p><p>Sociedad Química y Minera de Chile (SQM) will invest up to $20 million toacquire a 19.99% interest in Azure Mineralsthrough a two-stage transaction.</p><p>The deal will be conducted via SQM’s wholly-owned subsidiary SQM Australia and is focused on the lithium potential of the Andover project in Western Australia’s Pilbara region, held in a joint venture between Azure (60% equity) and Creasy Group (40%).</p><p>SQM has made an initial $4.2 million investment in Azure by subscribing for 16.4 million shares at $0.2564 each, representing a premium of 13.9% to Azure’s last traded price of $0.225 per share on 6 January.</p><p>The investment will give Azure a cash balance of more than $25 million which will be used to accelerate lithium exploration across Andover.</p><p>Catalyst Metals (ASX: CYL)</p><p>In the merger and acquisition space, Catalyst Metals launched a $66 million takeover bid for Vango Mining and is in talks to acquire the Plutonic gold mine next to Vango’s Marymia project.</p><p>The combined Marymia-Plutonic projects would have almost 7Moz of contained gold in resources, with a 3Mtpa plant.</p><p>This is expected to providing Catalyst with cash flow, strong potential to grow production and mine life and generate growth through exploration.</p><p>The takeover will see Vango shareholders receive five Catalyst shares for every 115 Vango shares.</p><p>Vango’s directors have recommended the off-market scrip takeover bid.</p><p>LBT Innovations (ASX: LBT)</p><p>Australian medical technology company LBT Innovations will partner with global biopharmaceutical firm AstraZeneca for the full product development of its APAS Pharma artificial intelligence software.</p><p>The $1 million project will see LBT develop the Automated Plate Assessment System (APAS) analysis module for use by AstraZeneca in identifying microbial growth on settle plates used in sterility monitoring during drug manufacturing.</p><p>LBT’s APAS technology has been developed to improve data integrity through automation and eliminate issues arising from manual plate reading.</p><p>Once validated, the technology will automatically report negative results, providing improved quality control traceability of results to pharmaceutical laboratories.</p><p>Aruma Resources (ASX: AAJ)</p><p>Gold and lithium explorerAruma Resources announced further high-grade lithium-rubidium intercepts from its recently drilled Mt Deans project in south-eastern Western Australia.</p><p>The company revealed results from the final batches of assays from a 21-hole, 1,409m second phase drilling program at Mt Deans, as well as results from seven re-assayed historical holes drilled by Tantalum Australia two decades ago.</p><p>Results confirmed and extended the lithium and high-grade rubidium intersected in multiple pegmatites in the company’s first phase of drilling in the central part of the area and a subsequent rock chip sampling program completed early in 2022.</p><p>The company said it may look to identify micaceous pegmatites with high-grade lithium-rubidium-caesium-potassium ore, which potentially could be processed using simple froth flotation/gravity circuits to produce a saleable lithium-potassium concentrate, with valuable rubidium and caesium by-products and possible tin and tantalum.</p><p>Power Minerals (ASX: PNN)</p><p>Power Minerals has confirmed significant lithium grade, aquifer thickness, and brine density results from its resource definition drilling at the Incahuasi salar within the Salta project in northwest Argentina.</p><p>The company completed an initial diamond drill hole in November, which intersected “highly positive” salar evaporite and semi-consolidated sedimentary lithologies to a depth of 339m before reaching basement rock.</p><p>Assays from that hole have delivered lithium content in brines averaging 197ppm from surface to approximately 300m depth.</p><p>Additionally, this week, Power made two key appointmentsto support its rapidly-developing lithium strategy at the Salta.</p><p>As well as advancing Incahuasi,Power also announced plans to launch a resource definition drilling campaign at the Rincon salar, which is also within the Salta.</p><p>The campaign aims to deliver a significant upgrade to the project’s existing global resource of 239,000t of contained lithium carbonate equivalent grading 313 milligrams per litre of lithium.</p><h2>The week ahead</h2><p>The continuing earnings reporting season in the US will keep feeding into the US and by default world share markets in the coming week as the damage or otherwise caused to corporate earnings is exposed for all to see.</p><p>While inflation might be easing, the impact of past inflation rises and a slowing economy will become apparent so there is a lot of potential to both disappoint or perhaps positively surprise investors.</p><p>Investors will also be looking at other data releases to confirm that the inflationary fall is the real deal.</p><p>The Covid situation in China is also something that investors will be keeping a close watch on, with the more recent signs showing that the reopening may not be slowing as much as had been anticipated.</p></body></html>","source":"lsy1647655037355","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\" 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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\">\nASX Weekly Review: Miners Drive Market to Five-Week High\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-14 08:01 GMT+8 <a href=https://smallcaps.com.au/miners-drive-market-five-week-high-weekly-review/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Once again, the mining sector rescued the Australian share market, helping it to a six-week high after commodity prices turned upwards and US investors decided interest rate rises were on the way out....</p>\n\n<a href=\"https://smallcaps.com.au/miners-drive-market-five-week-high-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数"},"source_url":"https://smallcaps.com.au/miners-drive-market-five-week-high-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127819663","content_text":"Once again, the mining sector rescued the Australian share market, helping it to a six-week high after commodity prices turned upwards and US investors decided interest rate rises were on the way out.The rising commodity prices led to an understandable rally amongst the big miners, with shares inBHP (ASX: BHP)almost cracking the $50 barrier, up 0.5% to $49.64 and Rio Tinto (ASX: RIO)shares jumping 1.1% to $122.29.Fortescue Metals (ASX: FMG)shares headed in the opposite direction, down 0.5% to $22.80 as investors were perhaps worried by the apparent revolving door in the executive suites.Banks were also stronger led by Commonwealth Bank (ASX: CBA)shares which rallied 1.3% to hit are $106.50.Inflation takes a backward stepThere was also positive momentum across other market sectors which all rose except for defensive consumer staples and utilities after US inflation data reduced concerns that there would be a series of hefty interest rates rises around the corner.US inflation took its first backward step in more than a year with the CPI data for December showing annual inflation had fallen from 7.1% in November to 6.5%.That may mean that were past peak inflation in the US, although the battle to get the inflation rate down will obviously continue for some time.That positive momentum pushed the ASX 200 47.7 points or 0.7% higher to 7328.1 points, with energy and consumer discretionary sectors the biggest contributors.That brought to an end a week in which the main index had rallied by an impressive 3.1%.Coal shares jump on Chinese optimismOptimism about China’s reopening and rumours the unofficial ban on Australian coal imports was ending also led to higher coal prices and big price rises in the sector with New Hope Corporation (ASX: NHC)up 5.1%, Yancoal (ASX: YAL)up 1.6% and Whitehaven Coal (ASX: WHC)up 0.5%.There was also some positive action in the take-away space with shares in Domino’s Pizza (ASX: DMP)rising 4.5% to $71.80.It wasn’t all good news with some of the big lithium names falling, including Pilbara Minerals (ASX: PLS)dropping 4.1% and Allkem (ASX: AKE)down 1.8%.As you would expect in a rising commodities market, the Australian dollar was also doing well on Friday, closing in but not quite achieving the US70c mark.Small cap stock actionThe Small Ords index rallied 2.83% this week to close on 2968.4 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:Avecho Biotechnology (ASX: AVE)Avecho Biotechnology has had itsTPM-enhanced phytonadione injectable drug presented to the US Food and Drug Administration in a pre-investigational new drug (pre-IND) meeting by global company Athenex Pharmaceutical.The feedback from the pre-IND meeting will define the amount of development work remaining before a new drug application is filed with the US FDA for formal review.If the feedback is positive and the drug is deemed to be commercially feasible, Avecho and Athenex will proceed to a licensing agreement before development.Azure Minerals (ASX: AZS)Sociedad Química y Minera de Chile (SQM) will invest up to $20 million toacquire a 19.99% interest in Azure Mineralsthrough a two-stage transaction.The deal will be conducted via SQM’s wholly-owned subsidiary SQM Australia and is focused on the lithium potential of the Andover project in Western Australia’s Pilbara region, held in a joint venture between Azure (60% equity) and Creasy Group (40%).SQM has made an initial $4.2 million investment in Azure by subscribing for 16.4 million shares at $0.2564 each, representing a premium of 13.9% to Azure’s last traded price of $0.225 per share on 6 January.The investment will give Azure a cash balance of more than $25 million which will be used to accelerate lithium exploration across Andover.Catalyst Metals (ASX: CYL)In the merger and acquisition space, Catalyst Metals launched a $66 million takeover bid for Vango Mining and is in talks to acquire the Plutonic gold mine next to Vango’s Marymia project.The combined Marymia-Plutonic projects would have almost 7Moz of contained gold in resources, with a 3Mtpa plant.This is expected to providing Catalyst with cash flow, strong potential to grow production and mine life and generate growth through exploration.The takeover will see Vango shareholders receive five Catalyst shares for every 115 Vango shares.Vango’s directors have recommended the off-market scrip takeover bid.LBT Innovations (ASX: LBT)Australian medical technology company LBT Innovations will partner with global biopharmaceutical firm AstraZeneca for the full product development of its APAS Pharma artificial intelligence software.The $1 million project will see LBT develop the Automated Plate Assessment System (APAS) analysis module for use by AstraZeneca in identifying microbial growth on settle plates used in sterility monitoring during drug manufacturing.LBT’s APAS technology has been developed to improve data integrity through automation and eliminate issues arising from manual plate reading.Once validated, the technology will automatically report negative results, providing improved quality control traceability of results to pharmaceutical laboratories.Aruma Resources (ASX: AAJ)Gold and lithium explorerAruma Resources announced further high-grade lithium-rubidium intercepts from its recently drilled Mt Deans project in south-eastern Western Australia.The company revealed results from the final batches of assays from a 21-hole, 1,409m second phase drilling program at Mt Deans, as well as results from seven re-assayed historical holes drilled by Tantalum Australia two decades ago.Results confirmed and extended the lithium and high-grade rubidium intersected in multiple pegmatites in the company’s first phase of drilling in the central part of the area and a subsequent rock chip sampling program completed early in 2022.The company said it may look to identify micaceous pegmatites with high-grade lithium-rubidium-caesium-potassium ore, which potentially could be processed using simple froth flotation/gravity circuits to produce a saleable lithium-potassium concentrate, with valuable rubidium and caesium by-products and possible tin and tantalum.Power Minerals (ASX: PNN)Power Minerals has confirmed significant lithium grade, aquifer thickness, and brine density results from its resource definition drilling at the Incahuasi salar within the Salta project in northwest Argentina.The company completed an initial diamond drill hole in November, which intersected “highly positive” salar evaporite and semi-consolidated sedimentary lithologies to a depth of 339m before reaching basement rock.Assays from that hole have delivered lithium content in brines averaging 197ppm from surface to approximately 300m depth.Additionally, this week, Power made two key appointmentsto support its rapidly-developing lithium strategy at the Salta.As well as advancing Incahuasi,Power also announced plans to launch a resource definition drilling campaign at the Rincon salar, which is also within the Salta.The campaign aims to deliver a significant upgrade to the project’s existing global resource of 239,000t of contained lithium carbonate equivalent grading 313 milligrams per litre of lithium.The week aheadThe continuing earnings reporting season in the US will keep feeding into the US and by default world share markets in the coming week as the damage or otherwise caused to corporate earnings is exposed for all to see.While inflation might be easing, the impact of past inflation rises and a slowing economy will become apparent so there is a lot of potential to both disappoint or perhaps positively surprise investors.Investors will also be looking at other data releases to confirm that the inflationary fall is the real deal.The Covid situation in China is also something that investors will be keeping a close watch on, with the more recent signs showing that the reopening may not be slowing as much as had been anticipated.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958003114,"gmtCreate":1673575035138,"gmtModify":1676538858566,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9958003114","repostId":"1169780891","repostType":4,"isVote":1,"tweetType":1,"viewCount":1134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951321720,"gmtCreate":1673401383761,"gmtModify":1676538830817,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9951321720","repostId":"1122649450","repostType":4,"repost":{"id":"1122649450","kind":"news","pubTimestamp":1673399594,"share":"https://ttm.financial/m/news/1122649450?lang=&edition=full_marsco","pubTime":"2023-01-11 09:13","market":"us","language":"en","title":"Apple to Begin Making In-House Screens in 2024 in Shift Away From Samsung","url":"https://stock-news.laohu8.com/highlight/detail?id=1122649450","media":"Bloomberg","summary":"Company prepares to launch first custom microLED displaysNew screens coming first to high-end Apple ","content":"<html><head></head><body><ul><li>Company prepares to launch first custom microLED displays</li><li>New screens coming first to high-end Apple Watch, iPhone later</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24cf937137f39925d2c22f6dca13d6aa\" tg-width=\"1000\" tg-height=\"666\" width=\"100%\" height=\"auto\"/><span>Apple’s screen development and manufacturing facility in Santa Clara, California. Source: Bloomberg</span></p><p>Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance on technology partners like Samsung and LG and bring more components in-house.</p><p>The company aims to begin by swapping out the display in the highest-end Apple Watches by the end of next year, according to people with knowledge of the matter. The screens upgrade the current OLED — organic light-emitting diode — standard to a technology called microLED, and Apple plans to eventually bring the displays to other devices, including the iPhone.</p><p>The changes are part of a sweeping effort to replace Apple supplies with homegrown parts, an undertaking that will give the company more control over the design and capabilities of its products. The tech giant has dropped Intel Corp. chips in its Mac computers in favor of in-house designs and plans to do the same with the key wireless components in its iPhones.</p><p>A representative for Cupertino, California-based Apple declined to comment.</p><p>Apple’s screen switch has been underway for years. Bloomberg first reported in 2018 on the company’s plan to design its own displays, starting with the Apple Watch. The move will deal a blow to Samsung Display Co. and LG Display Co., the two main suppliers of the watch’s screens.</p><p>Apple’s project is being led by Wei Chen, who runs Apple’s display technology group within Johny Srouji’s Hardware Technologies division. The company has begun testing the microLED displays on an update to the Apple Watch Ultra, its new high-end sports watch.</p><p>Compared with current Apple Watches, the next-generation displays are designed to offer brighter, more vibrant colors and the ability to be better seen at an angle. The displays make content appear like it’s painted on top of the glass, according to people who have seen them, who asked not to be identified because the project is still under wraps.</p><p>The microLED displays will be Apple’s first screens designed and developed entirely in-house. The company currently sources screens from a range of manufacturers, including Japan Display Inc., Sharp Corp. and BOE Technology Group Co., in addition to Samsung and LG.</p><p>Samsung, which competes with Apple in the smartphone market in addition to serving as a supplier, declined to comment, as did LG.</p><p>The work, codenamed T159, ramped up around 2018 and Apple had set a goal to begin switching to microLED screens as early as 2020, Bloomberg reported at the time. But the project languished due to high costs and technical challenges, people involved in the work said. Apple initially aimed to include the technology in large displays, but those concerns led it to focus instead on its watch — whose screens measure about 2 inches — as its first mobile device with the capabilities.</p><p>Apple’s 2024 target could potentially slip until 2025, some people involved in the project said. The company also could just offer a limited supply of the new devices to get the transition started.</p><p>Though Apple has designed the new displays and devised their manufacturing process, it will likely rely on an outside supplier to handle mass production. The company operates a 62,000-square-foot facility in Santa Clara, California — about 15 minutes away from its Apple Park headquarters — where it conducts test manufacturing of the screens. It has a similar research and development campus in Taiwan.</p><p><img src=\"https://static.tigerbbs.com/8a7bf25e388077c514eb12c528d31cd6\" tg-width=\"976\" tg-height=\"556\" width=\"100%\" height=\"auto\"/></p><p>Apple has devoted several billion dollars so far to the effort, which is considered internally to be one of the company’s most critical projects — alongside its attempts to develop an electric car, a mixed-reality headset and key health features for its watches. The company spent about $26 billion on research and development in fiscal 2022.</p><p>In the near term, the new displays are the most significant changes coming to the Apple Watch. The company plans to introduce new models at the end of this year, but they will be modest updates focused on faster chips and minor health sensor upgrades. Apple hasn’t updated the main processor inside of its watch for three years.</p><p>The company has also customized the displays for its upcoming headset, which will use similar technology to the microLED screens coming to the Apple Watch. While it will take years before Apple moves the iPhone to microLED, it plans to bring OLED technology to the iPad with the Pro model in 2024, Bloomberg has reported.</p><p>The shift to microLED has been a long time coming for Apple. The effort began in 2014 when Apple bought startup LuxVue, which pioneered microLED technology. The development of Apple’s own screens had been led by veteran executive Lynn Youngs within Apple’s hardware engineering division, but the work was shifted two years ago to the purview of Srouji, who oversees the company’s custom chip group.</p></body></html>","source":"lsy1584095487587","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>Apple to Begin Making In-House Screens in 2024 in Shift Away From Samsung</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\">\nApple to Begin Making In-House Screens in 2024 in Shift Away From Samsung\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-11 09:13 GMT+8 <a href=https://www.bloomberg.com/news/articles/2023-01-11/apple-to-begin-making-in-house-screens-in-2024-in-shift-away-from-samsung?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company prepares to launch first custom microLED displaysNew screens coming first to high-end Apple Watch, iPhone laterApple’s screen development and manufacturing facility in Santa Clara, California....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-11/apple-to-begin-making-in-house-screens-in-2024-in-shift-away-from-samsung?srnd=technology-vp\">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"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-11/apple-to-begin-making-in-house-screens-in-2024-in-shift-away-from-samsung?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122649450","content_text":"Company prepares to launch first custom microLED displaysNew screens coming first to high-end Apple Watch, iPhone laterApple’s screen development and manufacturing facility in Santa Clara, California. Source: BloombergApple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance on technology partners like Samsung and LG and bring more components in-house.The company aims to begin by swapping out the display in the highest-end Apple Watches by the end of next year, according to people with knowledge of the matter. The screens upgrade the current OLED — organic light-emitting diode — standard to a technology called microLED, and Apple plans to eventually bring the displays to other devices, including the iPhone.The changes are part of a sweeping effort to replace Apple supplies with homegrown parts, an undertaking that will give the company more control over the design and capabilities of its products. The tech giant has dropped Intel Corp. chips in its Mac computers in favor of in-house designs and plans to do the same with the key wireless components in its iPhones.A representative for Cupertino, California-based Apple declined to comment.Apple’s screen switch has been underway for years. Bloomberg first reported in 2018 on the company’s plan to design its own displays, starting with the Apple Watch. The move will deal a blow to Samsung Display Co. and LG Display Co., the two main suppliers of the watch’s screens.Apple’s project is being led by Wei Chen, who runs Apple’s display technology group within Johny Srouji’s Hardware Technologies division. The company has begun testing the microLED displays on an update to the Apple Watch Ultra, its new high-end sports watch.Compared with current Apple Watches, the next-generation displays are designed to offer brighter, more vibrant colors and the ability to be better seen at an angle. The displays make content appear like it’s painted on top of the glass, according to people who have seen them, who asked not to be identified because the project is still under wraps.The microLED displays will be Apple’s first screens designed and developed entirely in-house. The company currently sources screens from a range of manufacturers, including Japan Display Inc., Sharp Corp. and BOE Technology Group Co., in addition to Samsung and LG.Samsung, which competes with Apple in the smartphone market in addition to serving as a supplier, declined to comment, as did LG.The work, codenamed T159, ramped up around 2018 and Apple had set a goal to begin switching to microLED screens as early as 2020, Bloomberg reported at the time. But the project languished due to high costs and technical challenges, people involved in the work said. Apple initially aimed to include the technology in large displays, but those concerns led it to focus instead on its watch — whose screens measure about 2 inches — as its first mobile device with the capabilities.Apple’s 2024 target could potentially slip until 2025, some people involved in the project said. The company also could just offer a limited supply of the new devices to get the transition started.Though Apple has designed the new displays and devised their manufacturing process, it will likely rely on an outside supplier to handle mass production. The company operates a 62,000-square-foot facility in Santa Clara, California — about 15 minutes away from its Apple Park headquarters — where it conducts test manufacturing of the screens. It has a similar research and development campus in Taiwan.Apple has devoted several billion dollars so far to the effort, which is considered internally to be one of the company’s most critical projects — alongside its attempts to develop an electric car, a mixed-reality headset and key health features for its watches. The company spent about $26 billion on research and development in fiscal 2022.In the near term, the new displays are the most significant changes coming to the Apple Watch. The company plans to introduce new models at the end of this year, but they will be modest updates focused on faster chips and minor health sensor upgrades. Apple hasn’t updated the main processor inside of its watch for three years.The company has also customized the displays for its upcoming headset, which will use similar technology to the microLED screens coming to the Apple Watch. While it will take years before Apple moves the iPhone to microLED, it plans to bring OLED technology to the iPad with the Pro model in 2024, Bloomberg has reported.The shift to microLED has been a long time coming for Apple. The effort began in 2014 when Apple bought startup LuxVue, which pioneered microLED technology. The development of Apple’s own screens had been led by veteran executive Lynn Youngs within Apple’s hardware engineering division, but the work was shifted two years ago to the purview of Srouji, who oversees the company’s custom chip group.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953779089,"gmtCreate":1673345417141,"gmtModify":1676538821358,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9953779089","repostId":"2302772851","repostType":4,"isVote":1,"tweetType":1,"viewCount":1624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953218475,"gmtCreate":1673265268697,"gmtModify":1676538807882,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9953218475","repostId":"1118893847","repostType":4,"isVote":1,"tweetType":1,"viewCount":1743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953979741,"gmtCreate":1673144522883,"gmtModify":1676538791889,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9953979741","repostId":"2301735492","repostType":4,"repost":{"id":"2301735492","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1673137769,"share":"https://ttm.financial/m/news/2301735492?lang=&edition=full_marsco","pubTime":"2023-01-08 08:29","market":"us","language":"en","title":"Tesla Owners in China Protest Against Surprise Price Cuts They Missed","url":"https://stock-news.laohu8.com/highlight/detail?id=2301735492","media":"Reuters","summary":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distr","content":"<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday's surprise discounts, Tesla's EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla's move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world's largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>"It may be a normal business practice but this is not how a responsible enterprise should behave," said one Tesla owner protesting at the company's delivery centre in Shanghai's Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday's price cut and Tesla's lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>'RETURN THE MONEY'</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, "Return the money, refund our cars."</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla's global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla's price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>"Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China]," said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>"They are in a much bigger EV market with companies that can price more aggressively than they can, until now."</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company's handling of her complaints about her car's brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Owners in China Protest Against Surprise Price Cuts They Missed</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Owners in China Protest Against Surprise Price Cuts They Missed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-08 08:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.</p><p>On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months on Friday.</p><p>Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.</p><p>Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.</p><p>After Friday's surprise discounts, Tesla's EV prices in China are now between 13% and 24% below their September levels.</p><p>Analysts have said Tesla's move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world's largest market for battery-powered cars.</p><p>While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.</p><p>"It may be a normal business practice but this is not how a responsible enterprise should behave," said one Tesla owner protesting at the company's delivery centre in Shanghai's Minhang suburb on Saturday who gave his surname as Zhang.</p><p>He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday's price cut and Tesla's lack of an explanation to recent buyers.</p><p>Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.</p><p>About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.</p><p>Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.</p><h2>'RETURN THE MONEY'</h2><p>Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.</p><p>One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, "Return the money, refund our cars."</p><p>Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.</p><p>Reuters was unable to verify the content of either video.</p><p>Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.</p><p>He did not respond when asked to comment on the protests.</p><p>China accounted for about a third of Tesla's global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.</p><p>Analysts have been positive about the potential for Tesla's price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.</p><p>"Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China]," said Bill Russo, head of consultancy Automobility Ltd in Shanghai.</p><p>"They are in a much bigger EV market with companies that can price more aggressively than they can, until now."</p><p>In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company's handling of her complaints about her car's brakes.</p><p>Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301735492","content_text":"SHANGHAI, Jan 7 (Reuters) - Hundreds of Tesla owners gathered at the automaker's showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at a Tesla delivery centre in Shanghai to protest against the U.S. carmaker's decision to slash prices for the second time in three months on Friday.Many said they had believed that prices Tesla charged for its cars late last year would not be cut as abruptly or as deeply as the automaker just announced in a move to spur sales and support production at its Shanghai plant. The scheduled expiration of a government subsidy at the end of 2022 also drove many to finalize their purchases.Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash.After Friday's surprise discounts, Tesla's EV prices in China are now between 13% and 24% below their September levels.Analysts have said Tesla's move was likely to boost its sales, which tumbled in December, and force other EV makers to cut prices too at a time of faltering demand in the world's largest market for battery-powered cars.While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.\"It may be a normal business practice but this is not how a responsible enterprise should behave,\" said one Tesla owner protesting at the company's delivery centre in Shanghai's Minhang suburb on Saturday who gave his surname as Zhang.He and the other Tesla owners, who said they had taken delivery in the final months of 2022, said they were frustrated with the abruptness of Friday's price cut and Tesla's lack of an explanation to recent buyers.Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday.About a dozen police officers could be seen at the Shanghai protest and most of the videos of the other demonstrations also showed a large police presence at the Tesla sites.Protests are not a rare occurrence in China, which has over the years seen people come out in large numbers over issues such as financial or property scams, but authorities have been on higher alert after widespread protests in Chinese cities and top universities at the end of November against COVID-19 restrictions.'RETURN THE MONEY'Other videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.One video, which Reuters verified was filmed at a Tesla store in the southwestern city of Chengdu, showed a crowd chanting, \"Return the money, refund our cars.\"Another, which appeared to be filmed in Beijing, showed police cars arriving to disperse crowds outside a Tesla store.Reuters was unable to verify the content of either video.Tesla does not plan to compensate buyers who took delivery before the most recent price cut, a spokesman for Tesla China told Reuters on Saturday.He did not respond when asked to comment on the protests.China accounted for about a third of Tesla's global sales in 2021 and its Shanghai factory, which employs about 20,000 workers, is its single most productive and profitable plant.Analysts have been positive about the potential for Tesla's price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.\"Nowhere else in the world is Tesla faced with the kind of competitors that they have here [in China],\" said Bill Russo, head of consultancy Automobility Ltd in Shanghai.\"They are in a much bigger EV market with companies that can price more aggressively than they can, until now.\"In 2021, Tesla faced a public relations storm after an unhappy customer climbed on a car at the Shanghai auto show to protest against the company's handling of her complaints about her car's brakes.Tesla responded by apologising to Chinese consumers for not addressing the complaints in a timely way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1072,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959456956,"gmtCreate":1673055583076,"gmtModify":1676538781358,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959456956","repostId":"1194876021","repostType":4,"repost":{"id":"1194876021","kind":"news","pubTimestamp":1673047374,"share":"https://ttm.financial/m/news/1194876021?lang=&edition=full_marsco","pubTime":"2023-01-07 07:22","market":"us","language":"en","title":"Southwest’s December Meltdown Could Cost Up to $825 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=1194876021","media":"The Wall Street Journal","summary":"Airline expects to book a quarterly loss, as it took on added costs after winter storm disruptionSou","content":"<html><head></head><body><p>Airline expects to book a quarterly loss, as it took on added costs after winter storm disruption</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38f9d881450c575803092f1b2d4f46f2\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>Southwest canceled more than 16,700 flights after a winter storm disrupted its operations.</span></p><p>Southwest Airlines Co. said Friday that it expects its holiday meltdown to wipe out fourth-quarter profits in what has become one of the costliest disruptions the industry has seen in years.</p><p>The company estimates that the cancellation of more than 16,700 flights from Dec. 21 through Dec. 31 will reduce its pretax income by $725 million to $825 million in the fourth quarter, resulting in a loss for the period. That includes between $400 million and $425 million in lost revenue, as well as an additional hit from reimbursements to affected travelers, premium pay for employees and other related costs.</p><p>A severe winter storm that swept across the country before Christmas initially knocked Southwest off course, but the airline struggled to right itself even as rivals recovered within a few days. Southwest has said that its crew-scheduling system couldn’t keep pace with the number of changes it was having to make, seizing up and eventually requiring the airline to manually assign flights to pilots and flight attendants.</p><p>As cancellations cascaded, the airline slashed nearly two-thirds of its schedule for three days last week in an effort to give itself a chance to reset before returning to normal operations on Dec. 30.</p><p>Before the storm hit, Southwest was optimistic about the final months of the year. It had earned about $1 billion in pretax income in the first nine months of 2022 and announced in December that it would restore its quarterly dividend, which it suspended in 2020 as the pandemic decimated travel demand and federal aid came with restrictions on such payments.</p><p>Now the airline faces questions about whether it had waited too long to make necessary investments in new technologies.</p><p>Airline executives have acknowledged that some of Southwest’s systems hadn’t kept pace with the airline’s growing size and complexity and had said modernizing aging technology would be a priority in the coming years. But union officials have said those investments haven’t come swiftly enough. The Southwest Airlines Pilots Association had cautioned throughout the past year that a bad storm could easily push Southwest’s operations into disarray.</p><p>Chief ExecutiveBob Jordansaid the airline spends about $1 billion a year on technology, but that the disruptions would prompt the airline to re-examine its plans and potentially accelerate some investments.</p><p>“We want to look at our processes, our technology, our systems, our activation. Everything to me is on the table here. It has to be on the table,” he said in an interview Thursday. “The most important thing is to mitigate the risk of this ever happening again.”</p><p>Southwest has said its problems disrupted travel for millions of people and has said it would provide refunds and will reimburse “reasonable” expenses such as hotel rooms, rental cars and fares on rival airlines for customers whose travels were disrupted. It has also been doling out awards of 25,000 frequent-flier points to travelers who were affected, which the airline has said equal about $300—something it said was included in the cost estimate released Friday.</p><p>Southwest enlisted volunteers—other employees from around the company—to help it process refunds and work through the backlog of missing baggage that had been piling up at airports, shipping them by FedEx and UPS in some cases.</p><p>Mr. Jordan said Thursday that about 95% of the missing bags have been reunited with their owners or are on their way, and the airline has processed about 75% of refund requests. The airline has hired an outside firm to help it go through the requests for expense reimbursements, he said.</p><p>Southwest’s estimates make this one of the most costly mass-cancellation events in recent years—some analysts said they couldn’t recall a more expensive snafu. The price tag was higher than the $600 million to $700 million some had anticipated.</p><p>Southwest shares rose 4.6% Friday to $35.08.</p><p>A smaller disruption in October 2021 cost Southwest about $75 million, including refunds and gestures of goodwill to customers. Spirit Airlines Inc. said a summer 2021 disruption that led it to cancel 2,800 flights over a 10-day period cost it about $50 million. A 2016 outage at Delta Air Lines Inc. caused by a computer glitch resulted in a $150 million reduction in Delta’s pretax profits, the airline said at the time.</p><p>The meltdown at Southwest has drawn scrutiny from the Biden administration and harsh criticism from union officials.</p><p>Transportation Secretary Pete Buttigieg has said he is closely monitoring how Southwest handles refunds, and some lawmakers have been leaning on the Transportation Department to do more.</p><p>Over two dozen members of the House Transportation and Infrastructure Committee wrote to Mr. Buttigieg this week, urging him to address the problem of mass flight cancellations and to hold Southwest accountable. Sen.Maria Cantwell(D., Wash.) said this week that the Senate Committee on Commerce, Science and Transportation intends to hold hearings to look at how to strengthen consumer protection and airline operations.</p><p>Mr. Jordan said Southwest is working on a review to better understand what happened and to look at what changes it should make and has engaged Southwest’s unions in that process.</p><p>“That work will be done very quickly,” he said.</p></body></html>","source":"wsj_highlight","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>Southwest’s December Meltdown Could Cost Up to $825 Million</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; 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}\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\">\nSouthwest’s December Meltdown Could Cost Up to $825 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-07 07:22 GMT+8 <a href=https://www.wsj.com/articles/southwests-december-meltdown-to-cause-quarterly-loss-11673007141?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Airline expects to book a quarterly loss, as it took on added costs after winter storm disruptionSouthwest canceled more than 16,700 flights after a winter storm disrupted its operations.Southwest ...</p>\n\n<a href=\"https://www.wsj.com/articles/southwests-december-meltdown-to-cause-quarterly-loss-11673007141?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空"},"source_url":"https://www.wsj.com/articles/southwests-december-meltdown-to-cause-quarterly-loss-11673007141?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194876021","content_text":"Airline expects to book a quarterly loss, as it took on added costs after winter storm disruptionSouthwest canceled more than 16,700 flights after a winter storm disrupted its operations.Southwest Airlines Co. said Friday that it expects its holiday meltdown to wipe out fourth-quarter profits in what has become one of the costliest disruptions the industry has seen in years.The company estimates that the cancellation of more than 16,700 flights from Dec. 21 through Dec. 31 will reduce its pretax income by $725 million to $825 million in the fourth quarter, resulting in a loss for the period. That includes between $400 million and $425 million in lost revenue, as well as an additional hit from reimbursements to affected travelers, premium pay for employees and other related costs.A severe winter storm that swept across the country before Christmas initially knocked Southwest off course, but the airline struggled to right itself even as rivals recovered within a few days. Southwest has said that its crew-scheduling system couldn’t keep pace with the number of changes it was having to make, seizing up and eventually requiring the airline to manually assign flights to pilots and flight attendants.As cancellations cascaded, the airline slashed nearly two-thirds of its schedule for three days last week in an effort to give itself a chance to reset before returning to normal operations on Dec. 30.Before the storm hit, Southwest was optimistic about the final months of the year. It had earned about $1 billion in pretax income in the first nine months of 2022 and announced in December that it would restore its quarterly dividend, which it suspended in 2020 as the pandemic decimated travel demand and federal aid came with restrictions on such payments.Now the airline faces questions about whether it had waited too long to make necessary investments in new technologies.Airline executives have acknowledged that some of Southwest’s systems hadn’t kept pace with the airline’s growing size and complexity and had said modernizing aging technology would be a priority in the coming years. But union officials have said those investments haven’t come swiftly enough. The Southwest Airlines Pilots Association had cautioned throughout the past year that a bad storm could easily push Southwest’s operations into disarray.Chief ExecutiveBob Jordansaid the airline spends about $1 billion a year on technology, but that the disruptions would prompt the airline to re-examine its plans and potentially accelerate some investments.“We want to look at our processes, our technology, our systems, our activation. Everything to me is on the table here. It has to be on the table,” he said in an interview Thursday. “The most important thing is to mitigate the risk of this ever happening again.”Southwest has said its problems disrupted travel for millions of people and has said it would provide refunds and will reimburse “reasonable” expenses such as hotel rooms, rental cars and fares on rival airlines for customers whose travels were disrupted. It has also been doling out awards of 25,000 frequent-flier points to travelers who were affected, which the airline has said equal about $300—something it said was included in the cost estimate released Friday.Southwest enlisted volunteers—other employees from around the company—to help it process refunds and work through the backlog of missing baggage that had been piling up at airports, shipping them by FedEx and UPS in some cases.Mr. Jordan said Thursday that about 95% of the missing bags have been reunited with their owners or are on their way, and the airline has processed about 75% of refund requests. The airline has hired an outside firm to help it go through the requests for expense reimbursements, he said.Southwest’s estimates make this one of the most costly mass-cancellation events in recent years—some analysts said they couldn’t recall a more expensive snafu. The price tag was higher than the $600 million to $700 million some had anticipated.Southwest shares rose 4.6% Friday to $35.08.A smaller disruption in October 2021 cost Southwest about $75 million, including refunds and gestures of goodwill to customers. Spirit Airlines Inc. said a summer 2021 disruption that led it to cancel 2,800 flights over a 10-day period cost it about $50 million. A 2016 outage at Delta Air Lines Inc. caused by a computer glitch resulted in a $150 million reduction in Delta’s pretax profits, the airline said at the time.The meltdown at Southwest has drawn scrutiny from the Biden administration and harsh criticism from union officials.Transportation Secretary Pete Buttigieg has said he is closely monitoring how Southwest handles refunds, and some lawmakers have been leaning on the Transportation Department to do more.Over two dozen members of the House Transportation and Infrastructure Committee wrote to Mr. Buttigieg this week, urging him to address the problem of mass flight cancellations and to hold Southwest accountable. Sen.Maria Cantwell(D., Wash.) said this week that the Senate Committee on Commerce, Science and Transportation intends to hold hearings to look at how to strengthen consumer protection and airline operations.Mr. Jordan said Southwest is working on a review to better understand what happened and to look at what changes it should make and has engaged Southwest’s unions in that process.“That work will be done very quickly,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959684157,"gmtCreate":1672971416079,"gmtModify":1676538764916,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959684157","repostId":"2301326688","repostType":4,"isVote":1,"tweetType":1,"viewCount":1385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927798715,"gmtCreate":1672585080237,"gmtModify":1676538707616,"author":{"id":"3582538202393061","authorId":"3582538202393061","name":"Zivcheah","avatar":"https://static.tigerbbs.com/d52882be9b594ebb5b5933851792d286","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582538202393061","authorIdStr":"3582538202393061"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927798715","repostId":"1172340528","repostType":4,"isVote":1,"tweetType":1,"viewCount":1311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}