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☆ 'No big drama' is coming for the US economy, but complacency is a rising risk, 'Big Short' traders say
▼ + stars: | 2024-01-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

'Big Short' traders told CNBC that investors are too complacent, although the economy is healthy. But traders should still keep their eyes on pockets of risk, such as commercial real estate, the others said. As to today's economy, Eisman considers it relatively healthy, essentially dismissing Wall Street's concerns that a consumer spending drawdown guarantees a coming slowdown. AdvertisementSome on Wall Street are nervous this could trigger a massive real estate default wave, with billions at risk. Still, markets shouldn't be too complacent, as the commercial real estate industry has seen "fits and starts" crop up, Moses said.

Persons: Steve Eisman, —, Neuberger, Danny Moses, Vincent Daniel, Porter Collins, Wall, Collins, Moses, Eisman Organizations: CNBC, Service, Consumers, Seawolf, Moses Ventures, Federal Reserve, Bloomberg

☆ Traders who scored big and grew famous for 'The Big Short' reveal their current bets
▼ + stars: | 2024-01-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Their success was chronicled in Michael Lewis' " The Big Short " in 2010, and the Oscar-winning movie based on the book in 2015. Collins of Seawolf Capital revealed that Tesla has been one of his firm's best short bets this year. "I wouldn't call that as big a conviction story as The Big Short. I mean, 'The Big Short' was taking on basically Western civilization." Upstart short Moses at RiskReversal Media said he's betting against artificial intelligence lending platform Upstart .

Persons: Porter Collins, Vincent Daniel, Steven Eisman, Neuberger Berman, Danny Moses, Michael Lewis, Oscar, Collins, Tesla, Eisman, Moses Organizations: Seawolf, RiskReversal Media, UPS, Infrastructure Eisman

☆ Nearly 40% of US attack submarines in or awaiting repair as shipyards face worker shortages, supply chain issues
▼ + stars: | 2023-07-12 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —Nearly 40% of US fast attack submarines are in repair or awaiting maintenance as shipyards face a shortage of workers and and supply chain issues, according to a new report from the Congressional Research Service. Of the 49 fast attack submarines in the Navy, a total of 18 are either in depot maintenance or awaiting maintenance, known as idle. “As planned, about one third of our fast attack submarines are currently in maintenance receiving critical repairs to sustain a mission ready force. The strain on the submarine fleet will be exacerbated by the agreement between the US, UK and Australia to provide Canberra with three to five fast attack submarines in the early 2030s. The Navy has three classes of fast attack submarines in service: older Los Angeles-class attack subs, Seawolf-class subs, and the newer Virginia-class subs.

Persons: ”, Jackie Pau Organizations: CNN, Congressional Research Service, Navy, Bloomberg, “, United Locations: United States, Australia, Canberra, China, Los Angeles, Virginia

☆ Even the US Navy's best submarines couldn't get anywhere near the wreck of the Titanic
▼ + stars: | 2023-06-22 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

A search is on for a civilian submersible that went missing while trying to explore the Titanic. The wreck of the Titanic is under about 12,500 feet of water in the North Atlantic Ocean. The US Navy's submarine fleetVirginia-class sub USS North Dakota during sea trials in the Atlantic Ocean in August 2013. Reuters/US Navy HandoutThe United States Navy operates some of the most advanced and capable submarines ever to sail, commonly split into three operational categories: ballistic-missile subs, guided-missile subs, and attack subs. Guided-missile submarines are the same platforms as the Navy's boomers, but were converted to launch conventional munitions and deploy special-operations troops.

Persons: —, submersibles, Amanda Gray America's, Patrick Tyler's, Janes, Ashley, it's, HY Organizations: Service, OceanGate Expeditions, Polar, US Coast Guard, Reuters, US Navy, United States Navy, Los, Anadolu Agency, Washington Post, Naval Submarine Base, OceanGate Locations: Virginia, North Dakota, Ohio, Los Angeles, Angeles, Los, Amanda Gray America's Los Angeles, Tennessee, Bay, Georgia, America's Ohio

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ US nuclear-powered submarine that ran into an underwater mountain in the South China Sea is going to be stuck in repairs for years
▼ + stars: | 2023-06-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A US Navy nuclear-powered submarine ran into an underwater mountain in 2021. The Bloomberg report cited a Navy statement saying that submarine repair delays are caused by "planning, material availability, and shipyard execution." An HH-60H Sea Hawk helicopter from the Chargers of Helicopter Anti-Submarine Squadron 14 flies over the Seawolf-class attack submarine USS Connecticut. An April 2022 declassified Navy report found that the accident was the result of a number of failings, and was entirely preventable. The vessel actually struck a pier in San Diego a few months prior to the South China Sea accident.

Persons: —, Sen, Roger Wicker, Petty, John Hageman Organizations: US Navy, Bloomberg, Service, Navy, Office, USS, Republican, Senate Armed Services Committee, Chargers, Helicopter, Submarine Squadron, Washington's Naval Base Kitsap, Connecticut, South China, Pentagon Locations: USS Connecticut, Washington, Connecticut, South, China, San Diego, Taiwan, Beijing

☆ The US Navy is putting its submarines on rare public display in a message to Russia's growing undersea force
▼ + stars: | 2023-05-01 | by ( Christopher Woody | ) www.businessinsider.com time to read: +9 min

The US Navy has announced several visits by its subs to North Atlantic ports in recent years. Since 2020, when Norway allowed NATO subs to use a port near Tromsø, announcements of such visits appear to have increased. 'We're in your backyard'British Royal Navy attack submarine HMS Astute sails to the base at Faslane in November 2009. Russian Navy Yasen-class submarine Kazan at its base in Severomorsk on Russia's Arctic coast in June 2021. During the Cold War, US attack subs operated in the high north to get the Soviets to keep their attack subs close by to protect their ballistic-missile subs.

☆ Analysis: Heroes or villains: Short sellers' role in the U.S. bank crisis
▼ + stars: | 2023-04-09 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +7 min

How much short sellers contributed to the downward spiral reprises the debate about whether so-called shorts are market watchdogs or opportunistic investors who profit from others’ misery. In the case of the banking crisis, a review of data and interviews with short sellers and their critics show, the answer may be both. Some high profile short sellers were later celebrated as making prophetic calls about the U.S. housing market. Even so, interviews and public postings show at least some short sellers had placed bets against regional banks well before the crisis hit. SHORT POSITIONSSuch early short sellers, however, were in the small minority.

Город в скалеАктивная военная деятельность на базе Олавсверн прекратилась в начале нулевых, окончательно объект заморозили в 2009-м. © Photo : U.S. Navy Office of Information Быстроходная подводная лодка класса Seawolf USS Seawolf (SSN 21). Военно-морскую базу Олавсверн построили еще в 1960-х. В годы холодной войны американцы и их союзники держали на базе подводные силы, ответственные за акваторию Северного Ледовитого океана. Подземные лабиринтыПодземная база Олавсверн не уникальна.

Persons: —, Jens Kristian Nilsen, Николай Протопопов, Вячеслав Попов, Олавсверн, Эйнар Скорген, Скорген, Михаил Ненашев Organizations: U.S . Navy, Enterprise, NRK, Sputnik Moldova, Северный флот, НАТО, РИА Новости, Военно-морские силы, Организация Варшавского договора, ВМС, USS Enterprise, Академик Немчинов, Академик Шатский, NRK, Пентагон, Минобороны, Движение поддержки флота, Telegram, Video, Radio Sputnik Moldova Locations: США, Олавсверн, Норвегия, Запад, Россия, Арктика, Бангор, Вашингтон, Тромсе, СССР, Северный Ледовитый океан, Норвежское море, Северная Атлантика, Баренцево море, Муске, Стокгольмский архипелаг, Швеция, Крым, Таврос, Балаклавская бухта, Украина, Балаклава, Молдова

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