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Search resuls for: "Matt Anderson"


4 mentions found


☆ Tesla's earnings report was worse than expected, but Elon Musk has a plan
  + stars: | 2024-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at Tesla's earnings report and what comes next for the EV maker. The big storyTesla's turnaround planJADE GAO/AFP via Getty Images; Chelsea Jia Feng; BIBad news: Tesla's earnings report was worse than expected. AdvertisementPerhaps that's why Musk spent so much of the earnings call discussing autonomy and the progress made with Tesla's Full Self-Driving software . Musk told analysts on the earnings call that Tesla is the majority of his work . If investors vote against the package at Tesla's annual meeting in June, who knows where Musk — and his AI ambitions — will end up .
Persons: —, Chelsea Jia Feng, Elon Musk, Tesla, Musk, hasn't, Insider's Linette Lopez, Matt Anderson, Tyler Le, JPMorgan's Marko Kolanovic, Kolanovic, Cathie, Stocks, Goldman Sachs, Gerard Julien, Elon Musk's, Carl Godfrey, Joe Biden, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images, Tesla, Getty, EV, Musk's, Intel, Micron Technology, Microsoft, BI America, Amazon, Boeing, Meta, IBM, US Locations: Delaware, Outflows, United States, China, Idaho, New York, London
☆ Twin Cities Marathon cancelled due to black flag conditions
  + stars: | 2023-10-01 | by ( Mitchell Mccluskey Kara Devlin | Mitchell Mccluskey | Kara Devlin | ) edition.cnn.com   time to read: +2 min
CNN —The annual Twin Cities Marathon has been canceled due to record-breaking heat in Minneapolis and St. Paul, marathon organizers announced Sunday morning. The event, slated to begin at 7 a.m. local time, was expected to draw 300,000 spectators, according to the organizers. “The latest weather forecast update projects record-setting heat conditions that do not allow a safe event for runners, supporters and volunteers,” organizers said in a statement. “Extreme heat conditions can tax both runners and our emergency medical response systems.”The organizers had been monitoring weather conditions for several days as the heat continued to rise, Mahler said. I think there are others that think it’s in all in your head and I can run in these difficult conditions,” he said.
Persons: Paul, ” Charlie Mahler, CNN’s Omar Jimenez, Amara Walker, “, Mahler, ”, ” Mahler, Matt Anderson, Anderson Organizations: CNN, Twin Cities, National Weather Service, WCCO Locations: Minneapolis, St, Paul
☆ Three major risks that have the banking industry on edge
  + stars: | 2023-04-10 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
The toll of the WFH eraCommercial real estate — offices, apartment complexes, warehouses and malls — has come under substantial pressure, my colleague Julia Horowitz reports. Commercial property valuations could fall by roughly 20% to 25% this year, according to Rich Hill, head of real estate strategy at Cohen & Steers. About $270 billion in commercial real estate loans held by banks will come due in 2023. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate, and high-profile defaults are making headlines. That might seem simplistic, but it’s especially relevant for an industry as uniquely reliant on trust as banking is.
☆ American offices are half-empty. That could be the next big risk for banks
  + stars: | 2023-04-10 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +9 min
“I’m more concerned than I’ve been in a long time,” said Matt Anderson, managing director at Trepp, which provides data on commercial real estate. About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp. Questions about the health of banks with sizable exposures to commercial real estate loans cause customers to pull deposits. That forces lenders to demand repayment — exacerbating the sector’s downturn and further damaging the banks’ financial position. The likeliest outcome is thought to be an uptick in defaults and reduced access to funding for the commercial real estate industry.
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