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Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.
Persons: , Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London
Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .
Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China
The top superyachts at Monaco Yacht Show 2023
  + stars: | 2023-09-27 | by ( Tamara Hardingham-Gill | ) edition.cnn.com   time to read: +7 min
“It shows the evolution of yacht design and the use of a yacht,” says Pizzardini. The Monaco Yacht Show’s Sustainability Hub, which showcases what are touted as sustainable solutions and eco-friendly projects, is returning to the show for its second year. RossinaviThere were 5,695 superyachts over 30 meters in operation in mid-August, according to the Monaco Yacht Show Market Report 2023 published by SuperYacht Times. The report goes on to state that new yacht sales were behind by 34% at the start of September, while used yacht sales were down by around 25%. There are lots of expectations for this year.”Monaco Yacht Show 2023 begins on September 27, and ends on September 30.
Persons: Julien Hubert, Marcela Royer, ” Johan Pizzardini, Royer, , they’re, Guillaume Plisson, Tecnomar –, , – it’s, Vitruvius, Francesco Paszkowski, Maurizio Paradisi, Amels, Amare, Aurelia, Lara, Pizzardini, superyachts, it’s Organizations: CNN, Monaco, Tankoa Yachts, CNN Travel, Monaco’s, Amels, Italian, Group Yachts, , Rossinavi, SuperYacht Times Locations: Monaco, Netherlands, London, Carinthia
F1 stewards accept they erred in not penalising Verstappen
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Formula One F1 - Japanese Grand Prix - Suzuka Circuit, Suzuka, Japan - September 21, 2023. Red Bull's Max Verstappen ahead of the Japanese Grand Prix. Championship leader Verstappen collected two reprimands for three incidents reviewed but escaped any penalty for Sunday's race at Marina Bay. Mercedes' George Russell, a director of the Grand Prix Drivers' Association, also said the wrong decision had been taken. Alpine's Pierre Gasly, who collected two grid drops at the Spanish Grand Prix, was also confused.
Persons: Red, Max Verstappen, Issei Kato, Verstappen, Matteo Perini, AlphaTauri's Yuki Tsunoda, Williams, Logan Sargeant, Red Bull, McLaren's Lando Norris, Mercedes, George Russell, Alpine's Pierre Gasly, Alan Baldwin, Toby Davis Organizations: Suzuka, Prix, REUTERS, Formula, Media, FIA, Prix Drivers, Association, Spanish, Singapore, Red, Thomson Locations: Suzuka, Japan, Singapore, Marina Bay, London
Cramer's Lightning Round: Alphabet is a buy
  + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Applied Materials' year-to-date stock performance. Stock Chart Icon Stock chart icon Telus International's year-to-date stock performance. Stock Chart Icon Stock chart icon Tutor Perini's year-to-date stock performance. Stock Chart Icon Stock chart icon Nio's year-to-date stock performance. Stock Chart Icon Stock chart icon Huntington Bancshares' year-to-date stock performance.
Persons: They're, Perini, They've, I'm, I'd, Huntington Bancshares, Huntington Organizations: Telus
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Buying Rocket Lab is like sending money up in smoke, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Applied Materials, Telus International, Tutor Perini, Google, NIO, Rivian, Medical Properties and Huntington Bancshares.
Persons: Jim Cramer, Perini Organizations: Materials, Telus International, Google, Huntington
But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.
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