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☆ NYSE's Lynn Martin discusses collaboration with CoinDesk Indices to help track spot bitcoin prices
▼ + stars: | 2024-05-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYSE's Lynn Martin discusses collaboration with CoinDesk Indices to help track spot bitcoin pricesLynn Martin, president of NYSE Group, sat down with CNBC Crypto World from Consensus 2024 to explain a new collaboration with CoinDesk Indices to launch financial products tracking spot bitcoin prices.

Persons: NYSE's Lynn Martin, Lynn Martin Organizations: CoinDesk, NYSE Group, CNBC

☆ ‘The Apprentice’ premieres to applause and controversy at Cannes Film Festival
▼ + stars: | 2024-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —“The Apprentice,” a new film about former President Donald Trump’s real estate dealings in New York in the ’80s, debuted to a standing ovation at the Cannes Film Festival and criticism from his campaign. Starring Sebastian Stan as a young Trump, the film is an “exploration of power and ambition set in a world of corruption and deceit,” according to an official synopsis. “Succession” star Jeremy Strong co-stars as Roy Cohn, the lawyer and fixer who Trump considered a mentor early in his career. There is only the way of dealing with this wave on its own turfs at its own level,” he said. APThe film includes a depiction of Trump’s relationship with his first wife, Ivana, and their divorce, according to The Hollywood Reporter.

Persons: CNN —, ”, Donald Trump’s, Sebastian Stan, Trump, Jeremy Strong, Roy Cohn, “, Gabriel Sherman, Ali Abbasi, ” Abassi, “ It’s, ” Gabriel Sherman, Maria Bakalova, Martin Donovan, Ivana, liposuction, ” Steven Cheung, doesn’t, ” Maria Bakalova, Ivana Trump, Catherine McNally, Charlie Carrick Organizations: CNN, Cannes Film, Republican, Iranian, Hollywood, Trump Locations: New York, Danish

☆ Yet to see signs of Europe recovery in second half of the year, Daimler Truck CEO says
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYet to see signs of Europe recovery in second half of the year, Daimler Truck CEO saysMartin Daum, CEO of Daimler Truck, weighs in on the firm's earnings, breaking down which markets are expected to pick up and which are expected to continue to drag for the rest of the year.

Persons: Martin Daum Organizations: Daimler

☆ Aston Martin opens 66-story residential tower in Miami
▼ + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com time to read: +5 min

CNN —Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market. Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday. Aston Martin touchesHomeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context. Aston Martin Residences MiamiAston Martin said that 99% of the properties sold before the building was completed. Aston Martin isn’t the first luxury carmaker to enter the residential property market.

Persons: Aston Martin, Rodolfo Miani, Bodas Mian Anger, ”, Aston, Germán Coto, “, Coto, Marek Reichman, Reichman, ” Reichman, you’ve, Aston Martin Residences Miami Aston Martin, Aston Martin Vulcan, Aston Martin isn’t Organizations: CNN, Miami, Aston Martin Residences Miami, G Business, Formula, Prix, Martin Residences Miami, Aston Martin Residences, Aston, Aston Martin, Aston Martin Residences Miami Aston, Residences Locations: Miami, Biscayne Bay, jacuzzis, cabanas, Bentley, Sunny, Beach , Florida

☆ Aston Martin's losses nearly doubled on lower sales, but carmaker projects growth from new models
▼ + stars: | 2024-05-01 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. LONDON — Luxury carmaker Aston Martin on Wednesday reported widening losses in the first quarter, as the company stopped production of its core models ahead of a launch a new range of vehicles later this year. Adjusted loss before tax nearly doubled to £110.5 million ($137.8 million) compared to a loss of £57.3 million in the previous year. Analysts had expected a £93 million first-quarter loss, according to Reuters. This is a breaking news story and will be updated shortly.

Persons: Aston Martin DB11, Aston Martin Organizations: Aston, Analysts, Reuters

☆ The Titanic may play a role in who pays for the Baltimore bridge collapse. Here’s why
▼ + stars: | 2024-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages. “Maritime law is steeped in antiquity. Maritime law is rooted in the need to settle disputes and enforce rules between different peoples, even before there was the concept of countries with definitive laws. That rule, known as general average, is still a guiding principle of maritime law. “it’s just a fundamental part of the way that the shipping business works,” said Martin Davies, director of the Maritime Law Center at Tulane University.

Persons: Francis Scott Key, ” Sean Pribyl, “ It’s, ”, Rhodes, Rhodians, Pribyl, “ it’s, Martin Davies, ” Davies, Dali, “ don’t, Davies, Chugging, “ Organizations: New, New York CNN, Holland, CNN, American Bar, Titanic, Star Line, White Star, Maritime Law Center, Tulane University, Grace Ocean, ”, Repair Company, Flint & Co, Supreme Locations: New York, Brooklyn, Baltimore, American, Great Britain, Southampton, Singapore, . Flint

☆ Who ends up holding the bag for the Baltimore bridge collapse?
▼ + stars: | 2024-03-28 | by ( Catherine Thorbecke | Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Marine insurance companies will be on the hook for much of the costs. These insurance companies are backed by insurance companies of their own – a type of business known as a reinsurer. The potential cost of insurance claims from the bridge collapse could be between $1 billion and $3 billion, analysts at Barclays wrote in a note Wednesday. “But other than that, the economic impact of what has happened will be enormous, but not recoverable from the ship,” Davies said. Maryland lawmakers, meanwhile, are drafting an emergency bill to provide income replacement for Port of Baltimore workers impacted by the bridge collapse.

Persons: Baltimore’s Francis Scott Key, ”, John Miklus, Dali, Brendan Holmes, Miklus, Loretta Worters, Worters, Martin Davies, ” Davies, Joe Biden, Francis Scott Key, it’s, ” Biden, Scott Olson, Davies, Bill Ferguson Organizations: New, New York CNN, American Institute of Marine Underwriters, “, Barclays, Grace Ocean, Britannia, Indemnity, International Group, International, CNN, Insurance, Costa, Maritime Law Center, Tulane University, “ Maersk, Federal Highway Administration, Infrastructure Investment, Jobs, Biden, . Workers, Robins, Repair, Port, Maryland Locations: New York, Singapore, Costa Concordia, Italy, Danish, Baltimore , Maryland, Maryland, Baltimore

☆ Owner of ship that crashed into Baltimore bridge will likely try to invoke 1851 law used to cap damages after Titanic disaster
▼ + stars: | 2024-03-28 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

The owner of the ship that crashed into the Baltimore bridge faces a mountain of potential lawsuits. Experts say the owner will likely try to invoke an 1851 law to try to cap potential damages. The Limitation of Liability Act was successfully used by the Titanic owner after the 1912 sinking. "If they're fully successful, it will cap how much they have to pay in damages," Michael Sturley, an expert in maritime law and professor at the University of Texas at Austin's School of Law, told BI. However, I must say that the way things look at present, it seems unlikely that a limitation petition will be successful."

Persons: —, Maryland's Francis Scott Key, Dali, Michael Sturley, Sturley, Michael A, McCoy, it's, Martin Davies, Davies, Gordon Carey —, Carey, It's Organizations: Titanic, Service, University of Texas, Austin's School of Law, Private Ltd, Grace Ocean Private, Business, Washington Post, Wall Street, Titanic Inc, Maritime Law Center, Tulane University School of Law, White Star, Reuters, Synergy Marine Group, Synergy Marine Locations: Baltimore, Singapore, Sri Lanka, Patapsco, United States, , Oregon, Oregon

☆ A staggering amount of money is slipping away due to the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. Ryan Peterson, the CEO of global logistics firm Flexport, told Business Insider that 800 containers of his were destined for Baltimore, and are now being rerouted. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said. A risk for Baltimore will be whether those route changes are temporary, or if they'll have a lasting impact on the port's business.

Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Business, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port of Baltimore, Baltimore, East Coast, West Coast

☆ Baltimore port closure could cost $15 million per day in lost economic activity
▼ + stars: | 2024-03-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The Port of Baltimore is closed "until further notice" following the collapse of a major bridge. Experts say the closure alone will bring some $15 million of daily economic activity to a halt. Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said.

Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port, Baltimore, Port of Baltimore, East Coast, West Coast

ORLANDO, Fla. (AP) — The shakeup of Walt Disney World's governing district more than a year after it was taken over by Gov. Ron DeSantis' appointees continued Wednesday with the departure of its board chairman who had been highly critical of Disney. In an email, DeSantis' communications director, Bryan Griffin, thanked Garcia for “successfully navigating” the transition of the district from a governing body controlled by Disney supporters to the current iteration controlled by DeSantis appointees. As punishment for opposition to the law, DeSantis took over the district through legislation passed by the Republican-controlled Florida Legislature and appointed a new board of supervisors. Disney sued DeSantis and his appointees, claiming the company’s free speech rights were violated for speaking out against the legislation.

Persons: Walt Disney, Ron DeSantis, Martin Garcia's, Glen Gilzean, DeSantis, Martin didn't, Bryan Griffin, Garcia, “, Garcia “, ” Griffin, Stephanie Kopelousos, Kopelousos, ”, Disney, Mike Schneider Organizations: Gov, Disney, Central, Republican, DeSantis, Florida Legislature, Straight Alliance Locations: ORLANDO, Fla, Central Florida, Orange County, Orlando, Florida

☆ Daimler Truck surges 13% to new record on bumper earnings, buyback announcement
▼ + stars: | 2024-03-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Shares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback program. The German truck maker posted better-than-expected pre-tax earnings of $5.5 billion euros for 2023, up 39% on the previous year's 4.4 billion. Analysts had expected EBIT (earnings before income tax) of 5.2 billion. The company also said it would conduct the buyback program over the course of the coming 24 months and proposed a dividend of 1.9 euros per share for 2023, up from 1.3 euros a year earlier. Daimler's Chairman Martin Daum described 2023 as a record year for the company in a statement, but cautioned that revenue and earnings were likely to be flat in 2024 amid "difficult economic conditions."

Persons: Martin Daum Organizations: Daimler

☆ Daimler Truck CEO sees cost pressures ahead following bumper earnings
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDaimler Truck CEO sees cost pressures ahead following bumper earningsDaimler Truck CEO Martin Daum said that further cost pressures can be expected in 2024, even after the carmaker posted bumper full-year earnings. He added that share buyback plans highlight the company's "healthy" position.

Persons: Martin Daum Organizations: Daimler

The pending perjury trial of three retired Philadelphia police detectives could prove an exception, if they themselves are not cleared by alleged mistakes by District Attorney Larry Krasner’s office. Former detectives Martin Devlin, Manuel Santiago and Frank Jastrzembski have asked a judge to dismiss the case. That trial testimony was still fair game when Krasner, a civil rights lawyer focused on criminal justice reform, took office in 2018. He charged the Wright detectives in 2021, days before the five-year deadline expired. Last year, a mistake by prosecutors sank a police perjury case in Manhattan, when a judge halted the trial over their failure to turn over evidence to the defense.

Persons: Larry Krasner’s, Martin Devlin, Manuel Santiago, Frank Jastrzembski, Krasner, exoneree Anthony Wright, Wright, Krasner's, Sam Silver, Devlin, —, acquitting, Santiago, “ We’re, we’re, ”, Alan J, Tauber, There's, Marissa Bluestine, “, Bluestine, Maurice Possley, Lucretia Clemons, Brian McMonagle, ” Santiago Organizations: PHILADELPHIA, Philadelphia, nab, New, National, Pennsylvania Innocence, Quattrone Center, Fair Administration, Justice, University of Pennsylvania, Philadelphia Inquirer Locations: U.S, New Jersey, Jastrzembski, Philadelphia, Pennsylvania, Manhattan

☆ Manila’s traffic is so bad Coldplay sang about it
▼ + stars: | 2024-01-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

Online critics questioned why Marcos was spending public funds to attend a concert and criticized his lack of action in fixing mass transport. Liza Marcos/FacebookThe next night, Martin dedicated an impromptu song about it, singing, “There is only really one thing that remains. The traffic here in Manila is completely insane.”Manila topped the 2023 TomTom Traffic Index list of metro areas with the slowest travel time of almost 400 cities in 55 countries worldwide. The transport-focused tech company estimates that Manila’s average speed during rush hour is 19 kilometers per hour (11 miles per hour), and about 52% of its roads are congested. A 2-mile drive will take a week or two,” Martin added to the tune, as fans cheered in agreement.

Persons: CNN —, Chris Martin, Ferdinand Marcos Jr, Marcos, –, Marcos ’, Coldplay, concertgoers, “ We’ve, Liza Araneta, Liza Marcos, Martin, ” Martin, Jaime Bautista Organizations: CNN, Philippine, Department of Transport, Philippine News Agency Locations: Philippines, Philippine, Bulacan, Manila

Martin pleaded guilty in October to using a hammer to smash the glass of the museum door and display case to take the slippers. Martin had no idea about the cultural significance of the ruby slippers and had never seen the movie. Garland wore several pairs of ruby slippers during filming of the classic 1939 musical, but only four authentic pairs are known to remain. The slippers were on loan to the museum from Hollywood memorabilia collector Michael Shaw when Martin stole them. The Judy Garland Museum, located in the house where she lived, says it has the world’s largest collection of Garland and Wizard of Oz memorabilia.

Persons: Judy Garland, Oz ”, Terry Jon Martin's, Martin wasn't, Martin, Dane DeKrey, hadn't, Terry, ’, DeKrey, ” DeKrey, Terry ”, “, Martin's, ”, Martin didn't, Garland, Michael Shaw, Dorothy, Frances Gumm Organizations: Judy Garland Museum, FBI, Defense, Academy of Motion Picture Arts and Sciences, Smithsonian Museum of Locations: Grand Rapids , Minnesota, Duluth , Minnesota, Minneapolis, Hollywood, Kansas, Grand Rapids, Los Angeles

LONDON (AP) — It took Kevin De Bruyne less than five minutes to show why his return from injury could be so crucial for Manchester City in the second half of the Premier League season. De Bruyne had not made a league appearance since the opening round of the season in August, but it looked like he'd never been away. And in stoppage time, he lifted a perfectly weighted ball into the box for substitute Oscar Bobb to score his first Premier League goal and complete the comeback. Only two games were played Saturday with half of the Premier League teams having the weekend off for a short winter break. It was the 21-year-old Palmer’s ninth league goal of the season and fifth from the penalty spot after joining from Man City in the offseason.

Persons: Kevin De Bruyne, De Bruyne, he'd, James ', Pep Guardiola's, Martin Dubravka, Oscar Bobb, I’m, Eddie Howe's, Erling Haaland, “, Kevin, Guardiola, Oscar, ”, Bernardo Silva, Kyle Walker, Alexander Isak, Anthony Gordon, Isak, Walker, Stefan Ortega, Gordon, Ortega, Ederson, Sean Longstaff, Mauricio Pochettino, Cole Palmer, Palmer, ” Palmer, Marco Silva, Malo, ” Silva, Dai Yongge, Port, ___ Organizations: Manchester City, Premier League, City, Newcastle, Chelsea, Fulham, Premier League teams, Aston Villa, Liverpool, Arsenal, League, DERBY WIN, CHELSEA Chelsea, Blues, Stamford, Man, Middlesbrough, “, TNT, ” Fulham, Port Vale, Reading, English Football League, Cheltenham Locations: St, London, Man City, Middlesbrough, Bolton

☆ Corporate bond yields are off highs, but are still attractive. Here's what experts say to look for in 2024
▼ + stars: | 2023-12-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.

Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs

State-owned Motor Sich is Ukraine's main manufacturer of aircraft and helicopter engines, including for some of the world's largest cargo planes. Many legacy Ukrainian defense companies will trigger "red flags" during the lengthy due diligence and compliance reviews conducted by Western defense companies, said one U.S. defense executive. A Motor Sich representative stopped by ITA's booth and spoke briefly about their company's capabilities, the spokesperson said. ROOTING OUT CORRUPTIONZelenskiy has made rebuilding Ukraine's defense and aerospace sector a top priority, which includes deeper investment in drone technology. While the talks in Washington later this week and last month's Dubai air-show contacts are potentially promising, the political realities that Western defense officials are grappling with could hinder any progress.

Persons: Gleb Garanich, Olexiy Nikiforov, Lockheed Martin, Pavlo Verkhniatsky, Volodymyr Zelenskiy, Korzh, Trump, Nikiforov, RTX, Northrop, Valerie Insinna, Joanna Plucinska, Tim Hepher, Jo Mason, Jane Merriman Organizations: Motor Sich, REUTERS, State, Sich, Reuters, Lockheed, White, U.S, Western, U.S . Department of Commerce, Dubai Air Show, Commerce Department's International Trade Administration, Boeing, Northrop Grumman, Republicans, Ukraine –, Thomson Locations: Ukrainian, Kyiv, Ukraine, WASHINGTON, Russia, China, Washington, U.S, Moscow, Zaporizhzhia, Dubai, Gaza, London

☆ Novak Djokovic suffers two defeats in same day as Italy beats Serbia in Davis Cup semifinals
▼ + stars: | 2023-11-26 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

That he lost one of his matches after having three match points was incredulous, given there is no one more adept at closing out a match than the world No.1. He was beaten in both the singles and doubles in Malaga, Spain as Italy beat Serbia 2-1 to set up a Davis Cup final against Australia on Sunday. “Obviously playing doubles in the decider of a Davis Cup tie is not easy. It was the Serb’s first singles defeat in the Davis Cup since 2011, when he was forced to retire injured against Argentina’s Juan Martin del Potro. “For me personally it’s a huge disappointment, because I take the responsibility, obviously having three match points, being so close to winning it,” said Djokovic, per the Davis Cup website.

Persons: Novak, Jannik Sinner, Djokovic, Sinner, Miomir Kecmanovic, Lorenzo Sonego, Sinner wasn’t, Jannik, Novak Djokovic, Clive Brunskill, “, ” Djokovic, Argentina’s Juan Martin del Potro, ”, Davis Organizations: CNN, Serbian, Serbia, Davis, Australia, Italy, Djokovic, ATP, Reuters Locations: Malaga, Spain, Italy, Serbia

☆ Sinner stuns Djokovic then doubles up to send Italy into Davis Cup final
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +3 min

MALAGA, Spain, Nov 25 (Reuters) - Italy returned to the Davis Cup final after a gap of 25 years as Jannik Sinner beat Novak Djokovic in both singles and doubles to secure a 2-1 victory over Serbia on Saturday that earned the 1976 champions a title clash with Australia. "It was for sure the game-changer today," Sinner said of his singles heroics at 4-5. "Obviously playing doubles in the decider of a Davis Cup tie is not easy. We are a very complete team and each one of us is really happy to be here. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Pritha Sarkar, Clare Fallon and Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Novak Djokovic, Lorenzo Sonego, Djokovic, Miomir, Martin, Filippo Volandri's, Lleyton Hewitt's, Kecmanovic, Lorenzo Musetti, Argentina's Juan Martin del Potro, Sinner, Daniil Medvedev, Musetti, Shrivathsa Sridhar, Pritha Sarkar, Clare Fallon, Toby Davis Organizations: Davis, Serbia, Martin Carpena Arena, Australia, Serbian, ATP, Djokovic, men's, Thomson Locations: MALAGA, Spain, Italy, Serbian, Finland, Netherlands, Bengaluru

The up-and-coming indie twang band Wednesday released a track called “Formula One” on their 2023 album. Glynn Wedgewood, COTA's senior vice president of music and entertainment, says the track first introduced live music performances with Elton John in 2015. “Artists in Residency can really help bridge that gap.”Tiësto, a lifelong F1 fan, released the album “Drive” in April, featuring an F1 racing helmet on the cover. The Vegas race is the most expensive event on this year’s calendar. The mastermind behind the “Barbie” soundtrack already knows there’s a big crossover between music fans and F1 fans.

Persons: George Harrison, Mario Andretti namecheck, Quest’s, ’, Red Bull, Sergio “ Checo ” Perez, will.i.am, J Balvin, John Legend, Keith Urban, Kylie Minogue, Glynn Wedgewood, COTA's, Elton John, Taylor Swift, COTA, Adam Lambert, ” Wedgewood, “ It's, ”, “ It’s, Stefano Domenicali, —, Lil Wayne, “ Let’s, J, he’s, “, Charles LeClerc, Lewis Hamilton, Christina Aguilera’s, Chloe, Aston Martin, Lance, “ I’ve, hasn’t, Mark Ronson, Barbie, Barbie ’ Organizations: ANGELES, One, Monaco, Las Vegas, U.S, Vegas, ESPN, One’s, Formula One, Prix, Marina, Circuit, “, Ferrari, Mobile Locations: ”, Americas, Austin , Texas, Miami, Wedgewood, Singapore, U.S, Florida, Vegas

☆ How investor Bill Martin nailed his big short against Silicon Valley Bank before its collapse
▼ + stars: | 2023-11-05 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Much like Michael Burry and Steve Eisman, who shot to fame and fortune by calling the housing bubble in 2008, Bill Martin stood out as the "big short" during this year's banking crisis. The founder of family office Raging Capital Ventures bet against Silicon Valley Bank before its collapse in March. "Just like you would short a bank in Texas when oil prices collapse, I was looking for banks with exposure to venture. And that's what led me to Silicon Valley Bank," Martin said in CNBC PRO's "Art of the Trade." The short seller also shared how he managed risk for the volatile trade, as well as other opportunities he capitalized on during the crisis.

Persons: Michael Burry, Steve Eisman, Bill Martin, Martin Organizations: Raging Capital Ventures, Silicon Valley Bank, CNBC Locations: Texas, Silicon

Union wages, and the battles to keep them, have elevated the fortunes of countless Black families, Brooks said. “Black people could take advantage of that and buy homes in neighborhoods throughout Detroit,” Perry said. “Without the union jobs, (employers) can do anything, say anything and you're out the door,” she said. Only about 25% of Detroit's residents are in that range, and about two-thirds of city residents earn less than $50,000 per year, Goss said. Martin described her childhood during the 1970s and 1980s in her predominantly Black Detroit neighborhood as among the “happiest times” of her life.

Persons: WAYNE, Britney Johnson, Johnson's, “, ”, Tracy Brooks, Johnson, Brooks, Bobbie Allen Sr, Allen, ” Brooks, Andre Perry, ” Perry, Mike Duggan, Anika Goss, Goss, Yolanda Martin, Martin, Tracy Hadden Loh, ” Martin, ” ___ Jefferson, Rhonda Shafner Organizations: Black, United Auto Workers, Ford, Union, General Motors, Ford Motor, Blacks, Brookings Metro, Brookings Institution, Daimler Chrysler, Fiat Chrysler, PSA Peugeot, Detroit Future, Chicago . Locations: Mich, Ford's Wayne, Texas, Michigan, Detroit, Stellantis, U.S, Chicago, Black Detroit, Rosedale, Grandmont, Novi, New York

CNN —For the victims of the mass shooting Wednesday night in Lewiston, Maine, it was an ordinary night out. Even on her night off on Wednesday, Asselin was at Just-in-Time, her brother told CNN. He was one the victims lost in the shooting in Maine,” the organization wrote in a Facebook post Thursday. Arthur “Artie” StroutArthur "Artie" Strout Strout family/WBZArthur “Artie” Strout, 42, was at Schemengees during the shooting, his father, Arthur Bernard, told CNN affiliate WBZ. His death has left his family in “shock and profound grief,” his family member Cecile Francoeur Martin told CNN.

Persons: Robert Card, Michael Sauschuck, Tricia Asselin Tricia Asselin, CNN Tricia Asselin, Asselin, I’m, ” DJ Johnson, ”, Johnson, Stephen “ Steve ” Vozzella Stephen Vozzella, Megan Vozzella Stephen Vozzella, Vozzella, Brian L, Renfroe, “, Governor Baxter, Karen Hopkins, ” Vozzella, NEDC, Steve Vozzella, he’d, Peyton Brewer, Ross Peyton Brewer, Ross, CNN Peyton Brewer, Ralph Brewer, Brewer, cornhole, Schemengees . Brewer, Ross “, Elle, Thomas “ Tommy ” Conrad Tommy Conrad, Timothy Conrad Tommy Conrad, Conrad, Michael Deslauriers, Vicki Deslauriers Roy, Michael Deslauriers II, Michael Deslauriers Sr, Deslauriers, ” Deslauriers, ” Jason Walker Jason Walker, Mike Sauschuck, Bryan MacFarlane Bryan MacFarlane, Keri Brooks Bryan MacFarlane, Keri Brooks, MacFarlane, Brooks, Arthur “ Artie ” Strout Arthur, Artie, Strout, WBZ Arthur, Artie ” Strout, Arthur Bernard, Bernard, Joseph “ Joey ” Walker Joseph Walker, CNN Leroy Walker, Joseph Walker, Walker, Joseph, ” Leroy Walker, it’s, ” Joshua Seal Lewiston, Joshua Seal, Seal, Janet Mills, Nirav Shah, Elizabeth Seal, Joshua, ” Seal’s, ” Keith Macneir Keith Macneir, Maxx Hathaway Maxx Hathaway, Kelsay Hathaway, GoFundMe Maxx Hathaway, ” Kelsay Hathaway, “ Brenda, Maxx, Brenda Hathaway, Lilian, Brenda, ” Kelsay, Courtney Hathaway, she’s, he’s, ” Courtney Hathaway, “ Maxx, Robert “ Bob ” Violette Bob Violette, Violette, CNN Bob Violette, “ Bob’s, Brandon Dubuc, ” Witnesses, Cassandra Violette, Lucille Violette Lucille Violette, Bob Violette, William “ Bill ” Young, Aaron Young, Bill Young, Aaron, Kayla Putnam, CNN Bill Young, Young, Putnam, Bill, “ He’s, ” Putnam, WCVB, “ It’s, Rob, ” Rob, Ronald “ Ron ” Morin, Ron Morin, Ron Morin Ron Morin, Cecile Francoeur Martin, Martin, Morin’s, Morin, ” William Frank Brackett William Frank Brackett, CNN’s Caroll Alvarado, Elizabeth Wolfe, Sara Smart, Afshar, Amanda Jackson, Cara Lynn Clarkson, Aya Elamroussi Organizations: CNN, Public, New, Deaf, National Association of, Carriers, U.S . Postal Service, Governor, Governor Baxter School, Deaf Cornhole, “, Schemengees, WMTW, Facebook, Historical Society, of Public, WBZ, WGME, Tree Society, Maine Gov, Boston Globe, Portland Press Herald, Press Herald, WCVB, Bangor Daily News Locations: Lewiston , Maine, Lisbon Falls, United States, Uvalde , Texas, Lewiston, Maine, Schemengees, Auburn , Maine, “

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