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☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

☆ Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more
▼ + stars: | 2024-06-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Boston Beer Company — Shares slid 11% after Bloomberg reported that Japanese brewer and distiller Suntory denied it's in talks to buy the Samuel Adams owner. Paramount Global — Shares added more than 6% after Skydance Media revised its buyout offer for Paramount and gave nonvoting shareholders an option to cash out Paramount Class B shares at a roughly 26% premium to Friday's close.

Persons: Keith Gill, Kitty, Stericycle, —, Cava, Rubin, Blackwell, it's, Samuel Adams, Alex Harring, Brian Evans, Michelle Fox Theobald Organizations: GameStop, AMC Entertainment, AMC, Waste Management, Bloomberg, JPMorgan, Nvidia, AMD, Monday, Sunday, Bank of America, Boston Beer, Suntory, Street, Citi, Spotify, GSK, Autodesk — Autodesk, Paramount, Skydance Media Locations: Cava, Taipei, U.S, Delaware

☆ 42-year-old yacht captain's side hustle brings in $124,000 a year: ‘It's the easiest, simplest thing to do’
▼ + stars: | 2024-05-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Kelly Gordon used to avoid social media. How much does it cost to start a side hustle on social media? That means I only have so much time for this side hustle when I'm not on the water. Gordon filming social media content. Courtesy of Kelly Gordon

Persons: they've, Kelly Gordon, —, Captain Kelly J, Gordon, DON'T, she's, I'm, Bahamas Kelly Gordon Organizations: CNBC, Facebook, Traction Locations: AskMakeIt@cnbc.com, Indiana, Palm Beach , Florida, Compass Cay, Bahamas

☆ Opinion: Why we can’t let go of Jennifer Lopez and Ben Affleck’s love story
▼ + stars: | 2024-05-29 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

After expressing anxiety over other actors’ reluctance to star in the movie, Lopez brings up her spouse. Ben Affleck and Jennifer Lopez attend the 75th Annual Academy Awards at the Kodak Theater on March 23, 2003 in Hollywood, California. Now, with an album, film and documentary themed around their second act, Lopez has invited that scrutiny back again, despite her beloved’s obvious reluctance. “The Greatest Love Story Never Told” is swiftly becoming The Greatest Love Story Never Off Duty. Neither Lopez nor Affleck has addressed the current breakup rumors so far.

Persons: Holly Thomas, Katie Couric, Jennifer Lopez’s, Ben Affleck, Lopez, “, Benny Medina, I’m, Affleck, I’ve, ”, Jennifer Lopez, Kevin Winter, Jenny, that’d, Ben, You’ve, Elaine Goldsmith, Thomas, Derek Hough, that’s, Icarus, Simu Liu, “ We’re, ” Affleck, We’re Organizations: Katie Couric Media, CNN, Kodak Theater, Netflix Locations: London, Hollywood , California, Bennifer, Las Vegas, Vegas

☆ How the super rich party at the Monaco Grand Prix
▼ + stars: | 2024-05-24 | by ( Susan Griffin | ) edition.cnn.com time to read: +8 min

British driver Lewis Hamilton of Mercedes looks walks the drivers parade before the Formula 1 Grand Prix at the Circuit de Monaco on May 28, 2023. Here, designer stores, supercars, multi-million-dollar yachts and astronomically priced restaurants are ‘la norme’, but during the three-day Grand Prix, the eye-watering ostentation increases three-fold. Amber Lounge might be one of the most exclusive and expensive events taking place during the Monaco Grand Prix weekend, but Monte Carlo itself is a veritable party hub. “As a former resident, I can tell you there are two sides to the F1 Grand Prix arriving in Monaco. Fans watch the action during qualifying at the F1 Monaco Grand Prix.

Persons: ”, Tom Holland, Lewis Hamilton, Mercedes, Dan Mullan, revel, Cipriani, Sass Café, Max Verstappen, Justin Bieber, Kim Kardashian, Kylie Minogue, Prince Albert of Monaco, Eddie Irvine’s, Sonia, Amber, Lauren Green, Joash Lee, partygoers, Jax Jones, Monte, Bruce Bundrant, ” Bundrant, Ryan Pierse, Green, “ Organizations: CNN, Monaco, Prix, Circuit, Getty, Business Development, AS Monaco FC, “ Locations: Monte Carlo, British, Fairmont, Hôtel Hermitage, Hôtel, Paris, Le Meridien, Monaco, Singapore, Las Vegas, Abu Dhabi

☆ Chinese Billionaire Accused of Fraud Didn’t Need the Money, Lawyers Say
▼ + stars: | 2024-05-24 | by ( Michael Forsythe | ) www.nytimes.com time to read: +1 min

Lawyers for Guo Wengui, an exiled Chinese billionaire charged with defrauding investors of more than $1 billion, portrayed him on Friday as the dedicated leader of an anti-Communist movement who did not need the money he is accused of stealing. That is “not just illogical, it defies common sense,” Ms. Shroff said. Mr. Guo, who is also known as Miles Kwok or Miles Guo, has been in a federal detention center in Brooklyn since March 2023, when he was arrested at his $68-million Manhattan apartment and charged with fraud and money laundering. Prosecutors say Mr. Guo promised investors shares in his media company, or in cryptocurrency, but instead the money was used to finance his luxurious lifestyle. Among his purchases were a yacht, a $4 million Bugatti sports car and a 50,000-square-foot mansion in New Jersey that cost $26 million.

Persons: Guo Wengui, Sabrina Shroff, Guo, Ms, Shroff, Miles Kwok, Miles Guo Organizations: Communist, Chinese Communist Party Locations: Manhattan, Brooklyn, cryptocurrency, New Jersey

☆ Kelly Gordon side hustle profile correction
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

This story has been corrected to reflect that Gordon spent four years training to become a yacht captain, learned how to maintain her mental health throughout her 30s and currently works five to seven days per week full-time.

Persons: Gordon

☆ Jennifer Lopez and Ben Affleck: A timeline of their love story
▼ + stars: | 2024-05-23 | by ( Lisa Respers France | ) edition.cnn.com time to read: +10 min

CNN —Plenty of people are wondering if Jennifer Lopez and Ben Affleck are having problems in their marriage, but one person had the nerve to ask in a public forum. Ben Affleck and Jennifer Lopez in "Gigli." “Jennifer Lopez and Cris Judd have announced they have resolved all issues arising out of their marriage,” the couple’s lawyers said in a statement at the time. “I feel so lucky and happy and proud to be with him,” Lopez told People magazine about reuniting with Affleck. February 2024Ben Affleck and Jennifer Lopez attend a premiere for the film "This Is Me... Now: A Love Story" in Los Angeles in February.

Persons: Jennifer Lopez, Ben Affleck, Lopez, ” Lopez, Affleck, Ben, Jen, “, ”, Chris Judd, “ Jennifer Lopez, Cris Judd, Jenny, Ari Finegold, Harry Winston, Affleck –, Cohen, ’, Marc Anthony, Paul Hawthorne, “ Marc, Jennifer Garner, Anthony, There’s, Garner, I’ve, Alex Rodriguez, Dimitrios Kambouris, Richard Foreman, Warner, Affleck raved, Rodriguez, Filippo Monteforte, Matt Damon, Kevin Smith, Mario Anzuoni, Reuters Lopez, ’ ”, it’s, you’re, We’re Organizations: CNN, Getty, Warner Bros, Latina, Los, Venice Film, Wall Street, People, Reuters Locations: Mexico, ”, Jersey, Los Angeles, AFP, Venice, Italy, Las Vegas, Savannah , Georgia

☆ Superyacht captain’s side hustle brings in $10,300 a month, takes 5 hours a week: This could 'be my retirement job'
▼ + stars: | 2024-05-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

In 2019, Gordon started cataloguing her adventures on Instagram. That revenue includes money from sponsorships, public speaking gigs, ads and affiliate marketing on her social media, and merchandise sales, she says. I'm hoping this will be my retirement job ... traveling around the world, showing up at events, inspiring people and continuing with my social media. She posts to social media once each day, filming when she's not actively working. Courtesy of Kelly Gordon

Persons: Kelly Gordon, Gordon, Instagram, Captain Kelly J, scoffed, I'm, Gordon's, They're, I've, she's Organizations: CNBC, Carteret Community College, Instagram, Facebook Locations: North Carolina, Palm Beach , Florida, Indiana, Mississippi, France

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Orcas Sink Another Boat Near Iberia, Worrying Sailors Before Summer
▼ + stars: | 2024-05-14 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: 1 min

Summer is on the way, meaning that the orcas are out to play near the Strait of Gibraltar — which is bad news for sailors. Two people were rescued on Sunday after an attack by a group of orcas caused enough damage to sink their boat, according to the Spanish maritime rescue service. Crew members onboard reported that the animals had slammed the hull, damaged the rudder and caused a leak. A nearby oil tanker quickly maneuvered toward the boat and evacuated the two sailors, who were taken to Gibraltar, the rescue service said. The boat was left adrift, and the Moroccan authorities reported that it eventually sank.

Organizations: Crew, Moroccan Locations: Gibraltar, North Africa, Cognac, Spartel, Morocco

☆ Orcas sink sailing yacht in Strait of Gibraltar
▼ + stars: | 2024-05-14 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —An unknown number of orcas have sunk a sailing yacht after ramming it in Moroccan waters in the Strait of Gibraltar, Spain’s maritime rescue service said on Monday, a new attack in what has become a trend in the past four years. The passengers reported feeling sudden blows to the hull and rudder before water started seeping into the ship. After alerting the rescue services, a nearby oil tanker took them onboard and transported them to Gibraltar. The incident is the latest example of recurring orca rammings around the Gibraltar Strait that separates Europe from Africa and off the Atlantic coast of Portugal and northwestern Spain. Although known as killer whales, endangered orcas are part of the dolphin family.

Organizations: Reuters Locations: Strait, Gibraltar, Cognac, Europe, Africa, Portugal, Spain

☆ Boats still aren't safe from orcas as the Mediterranean yachting season kicks off and killer whales sink another yacht
▼ + stars: | 2024-05-14 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Killer whales took down another yacht on Monday as the Mediterranean yachting season begins. It's the latest incident of orcas clashing with boats, which has been on the rise in recent years. Marine biologists say the orcas are likely playing and may be learning the behavior from each other. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Mediterranean yachting season has kicked off for the summer — and it didn't take long for another yacht to fall victim to a killer whale encounter.

Persons: —, orcas Organizations: Service, Reuters, Business Locations: Strait, Gibraltar

☆ After Living Much of Life at Sea, Captain Sandy Finds Love on Land
▼ + stars: | 2024-05-14 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +1 min

Sandra Dolores Yawn has been locked up, left for dead on a Florida highway and chased through the Red Sea by pirates. Not because she thought Ms. Yawn, who goes by Captain Sandy, needed her well wishes, but because she had started watching “Below Deck Mediterranean” on Bravo. Ms. Shafer had written to congratulate her on the show’s success. Yawn, 59, has been a yacht captain for more than 30 years.

Persons: Sandra Dolores Yawn, Leah Rae Shafer, Yawn, Captain Sandy, Shafer, Ms, “, ” Organizations: Facebook, Bravo, ” Locations: Florida, Dundee, Fla, Bradenton

☆ I pay $1,450 a month to live on a houseboat in Toronto—'the best decision I ever made': Take a look inside
▼ + stars: | 2024-05-14 | by ( Kate Fincham | ) www.cnbc.com time to read: +6 min

Buying a houseboat: 'It felt like the perfect place for me'I visited one of the houseboats the following week. Moving aboard: 'The best decision I ever made'Going straight into a Canadian winter as a houseboat novice is generally considered a poor decision. Three years later, I regard buying my houseboat as the best decision I ever made. Courtesy of Kate FinchamMy bathroom has a typical residential toilet (which flushes into a holding tank below) and a bathtub. This area acts as my living room, dining room, and office, and features a wood stove and sliding glass doors that exit onto my back deck.

Persons: I've, I'd, Kate, Kate Fincham, Charlie, Finn, it's Organizations: Swans, Insurance Locations: Toronto

☆ It sure looks like Mark Zuckerberg is taking a brand new superyacht out to celebrate his 40th birthday
▼ + stars: | 2024-05-14 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAll signs point to Mark Zuckerberg celebrating his 40th birthday on what many speculate is his brand-new superyacht Launchpad. But in the yachting world, where privacy is paramount, no party would confirm her owner. This story is available exclusively to Business Insider subscribers. Wingman, the support superyacht that he is suspected to have purchased with Launchpad, made the journey with her.

Persons: —, Mark Zuckerberg, Zuckerberg, Ruben Griffioen, eSysman, Autoevolution, Launchpad, he's Organizations: Service, Business, Meta, SuperYacht Times, Marshall Locations: Panama, Fort Lauderdale , Florida, Russian, Launchpad, Feadship's, Netherlands

☆ 'Wealth can be pretty isolating': Problems that rich people face, according to therapists
▼ + stars: | 2024-05-14 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

While wealth can bring with it some unconventional problems — such as being denied an invite-only Ferrari and accidentally destroying swathes of coral reefs with a 300-foot yacht — most other problems that the rich face may not be as esoteric as we think. They dismiss rich people's mental health concerns as insignificant and of diminished importance," Paul Hokemeyer, a clinical psychotherapist who treats the ultra rich, told CNBC. Paranoia and distrustWealth can cause people around the super rich to view them as objects, Hokemeyer observed. People who are rich tend to be of higher social status, and those who live in diminished states of power are often drawn to them. Against this backdrop, the super rich tend to become more suspicious of people's motives in associating with them.

Persons: Ferrari, Paul Hokemeyer, Amanda Falkson, Maria Korneeva Organizations: CNBC, Drayson, Psychotherapy Locations: Drayson Mews

Here's how much it costs to own a superyacht — and what that money is going toward. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts. Some superyachts have space for dozens of crewmembers, including a chef, engineer, and masseuse for the guests onboard. If a superyacht has a support yacht — or a support superyacht, in Bezos' case — expect to pay another 10% of that boat's price annually. "If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.

Persons: you'd, Jeff Bezos, Mark Zuckerberg, Steve Jobs, Jeffrey Beneville, Eric Schmidt's, Matthew Fleissig, NFP's Beneville, it's, Anders Kurtén, Beneville Organizations: Palm, NFP, BI, Yachts Locations: South China, Russian, San Diego

☆ I quit my finance job and became an Airbnb host in Italy. I have no regrets about choosing happiness over money.
▼ + stars: | 2024-05-08 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Anton Govor left his corporate finance career to become an Airbnb host on Lake Garda in Italy. I visited Lake Garda for the first time when I was 21The main guesthouse at GardaDoma. Courtesy of GardaDomaDuring a drive from Munich to Florence, I stopped in Lake Garda completely by chance. AdvertisementI chose to leave my finance career behindIn December 2018, my second son was born at Lake Garda, and I took parental leave at our house. I devote 1 to 4 p.m. to property maintenance and planning the dinner menu with our work family, who take shifts in cooking.

Persons: Anton Govor, Govor, he's, —, It's, Ernst & Young, Brenzone, Airbnb Organizations: Garda, Service, Ernst &, MOEX Group, Lake Garda Locations: Italy, Brenzone sul Garda, Moscow, Lake, Munich, Florence, Europe, Russia, Easter

☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ The largest yachts owned by tech billionaires, from Mark Zuckerberg to Jeff Bezos
▼ + stars: | 2024-05-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A few years after he and his wife divorced, Jeff Bezos shelled out on a megayacht. Earlier this year, just before his 40th birthday, Mark Zuckerberg became the rumored owner of a yacht originally built for a Russian oligarch. While many tech billionaires have bought yachts, the richest of the rich, like Bezos, Zuckerberg, and Oracle cofounder Larry Ellison, have gone bigger. AdvertisementHere are the largest yachts owned by tech billionaires, listed in order of length.

Persons: —, Joe, Jeff Bezos, Bezos, Lauren Sanchez, Mark Zuckerberg, Superyachts, Giovanna Vitelli, superyachts, Zuckerberg, Larry Ellison, Evan Spiegel Organizations: Service, Business, Oracle Locations: Russian

☆ Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
▼ + stars: | 2024-05-02 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

A person walks by Bored Ape Yacht Club NFT characters inside Radio City Music Hall during the 4th annual NFT.NYC conference on June 21, 2022 in New York City. Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool. But despite Bored Ape Yacht Club's substantially lower floor price, the NFT market is still showing some signs of life. How YugaLabs got startedYugaLabs' Bored Ape Yacht Club collection launched in April 2021 with 10,000 NFTs depicting the cartoon apes with various colors, clothing and facial expressions. The startup went on to release several other NFT collections, including Mutant Ape Yacht Club and CryptoPunks.

Persons: Greg Solano, Justin Bieber, Paris Hilton, Sotheby's, YugaLabs Organizations: Radio City Music Hall, Yuga Labs, ETH, Yacht, CryptoPunks Locations: New York City

☆ Underwater superyachts? A CEO is pitching fantastical ships that can go 800ft down and stay submerged for weeks.
▼ + stars: | 2024-05-01 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

It says the M5 will be able to travel 820 feet underwater and stay submerged for a month. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht. The Migaloo concept clearly aims to cater to an increasing desire for privacy and security among the world's richest people. Bobbing about underwater in a Migaloo M5, Elon Musk wouldn't have to worry about a jet-tracking student any longer. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht MigalooIt remains to be seen if and when any prospective buyers will bite.

Persons: Christian Gumpold, —, there's, Gumpold, Migaloo, Bond, It's, Elon Musk, it's Organizations: Service, Elon, SAFE, Fast Company Locations: Austria, Austrian

☆ Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market
▼ + stars: | 2024-04-30 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +3 min

The pandemic spurred a "massive spike" in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. "We've seen a lot of those people, that had their boats for two years, sort of now wanting to travel," he told CNBC. Prices in the pre-owned marketEnthusiasm for yachting remains high, even if sales have fallen since 2021, said Casani. Casani and Allen, who spoke to CNBC on April 26 while attending the second annual Singapore Yachting Festival, agreed that the continent's yachting market is growing. "We need to do a lot of lobbying with governments to make it easier to import boats," said Allen.

Persons: Richard Allen, we've, Paolo Casani, Allen —, Allen, Casani Organizations: Simpson, CNBC, Singapore Yachting Festival, International Council of Marine Industry Associations Locations: Hong Kong, Monaco, Asia, Singapore, Indonesia, Philippines, Vietnam

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