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☆ A Saudi Arabian airline said an A330 plane was involved in an 'accident' at Khartoum airport in Sudan
▼ + stars: | 2023-04-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A Saudi airline says one of its jets was involved in an accident at Khartoum airport in Sudan. Sudan's doctors' union said two were killed at the airport after violence erupted in the city. Fighting has broken out in Sudan between its army and a group of paramilitaries. Two people have reportedly died at Khartoum airport while a Saudi airline said one of its planes was involved in an accident after violence broke out on Saturday. Saudia, formerly called Saudi Arabian Airlines, issued a statement saying one of its Airbus A330 jets was "involved in an accident" at the airport before a flight to Riyadh.

☆ Zero Carbon Capital just reached third close on its $37 million fund dedicated to hardware and science-based companies. We got an exclusive look at the LP deck it used to raise from Isomer and Extanti
▼ + stars: | 2023-04-14 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Zero Carbon Capital reached third close on its £30 million ($37 million) fund. We got an exclusive look at the 10-slide LP deck the climate tech firm used to raise the funds. UK-based Zero Carbon Capital has closed £13 million, around $16.2 million, of its £30 million, about $37.5 million, second fund. Zero Carbon Capital wants to be the first check to lead pre-seed and smaller seed rounds, with tickets ranging £100,000 to £1 million. Isomer has previously backed hardware funds but Zero Carbon Capital is its first dedicated climate fund.

Last year, all of the record 15 shareholder proposals were rejected by investors' votes. Shareholder proposals across industries have increased since 2020, but support for them fell from 2021 to 2022, according to a PWC report. The report would detail the "impact of (Amazon's) policies, management, performance metrics, and targets," Tulipshare's proposal said. Tulipshare, which owns 13 shares or about $7,000 in Amazon stock, secured 44% of investors' votes in 2022. Amazon is recommending that shareholders reject Tulipshare's proposal, saying the company continually works to improve "safety processes, programs, and technology."

☆ Y Combinator's latest class is a feeding frenzy for VCs looking to back AI startups: 'There's hysteria for a reason'
▼ + stars: | 2023-04-13 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

VCs are scrambling to back the AI startups in Y Combinator's latest batch. Several generative AI startups have already secured funding from top firms, sources say. And while valuations are down across the board, YC AI startups are still hot. Startups focused on AI, and generative AI specifically, which saw a substantial jump in the latest batch, were some of the most highly sought after by investors. An AI feeding frenzyVC buzz was common across generative AI startups both in the application and infrastructure layers.

☆ Watch CNBC's full interview with CIC Wealth's Malcolm Ethridge and Contrast Capital's Ron Insana
▼ + stars: | 2023-04-13 | 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 EmailWatch CNBC's full interview with CIC Wealth's Malcolm Ethridge and Contrast Capital's Ron InsanaMalcom Ethridge, CIC Wealth executive vice president, and Ron Insana, Contrast Capital Partners, join 'Power Lunch' to discuss market vulnerability to pull back, bank earnings expectations, and key bank stocks to look out for.

☆ How a pro skateboarder went from making $800 a month to being a financially independent real-estate mogul with a portfolio worth millions
▼ + stars: | 2023-04-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

Mikey Taylor started his career as a professional skateboarder making barely enough money to get by. He now runs a real-estate fund and educates investors on how to create a road to financial freedom. "There was a part of skateboarding that really changed the way I looked at the world," Taylor told Insider. "One hundred grand as a professional skateboarder doesn't feel like one hundred grand in a more conventional career because our careers are so short," Taylor told Insider. Setting the groundwork for his life after skateboarding, Taylor started investing in the stock market and bonds at age 20.

☆ Lenders getting massively overpaid for the risk, says Avenue Capital's Marc Lasry
▼ + stars: | 2023-04-12 | 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 EmailLenders getting massively overpaid for the risk, says Avenue Capital's Marc LasryMarc Lasry, Avenue Capital Group chairman & CEO, joins 'Squawk on the Street' to discuss Lasry's thoughts on the turmoil in the banking space, commercial real estate and more.

☆ Watch CNBC's full interview with Avenue Capital's Marc Lasry
▼ + stars: | 2023-04-12 | 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 EmailWatch CNBC's full interview with Avenue Capital's Marc LasryMarc Lasry, Avenue Capital Group chairman & CEO, joins 'Squawk on the Street' to discuss Lasry's thoughts on the turmoil in the banking space, commercial real estate and more.

☆ Buffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark Mobius
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark MobiusMark Mobius, founding partner at Mobius Capital Partners, joins 'The Exchange' to discuss Warren Buffett increasing his stake in five Japaneses companies, and finding value overseas.

☆ Venture capital was severely over-funded in 2020 and 2021: FirstMark Capital's Heitzmann
▼ + stars: | 2023-04-10 | 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 EmailVenture capital was severely over-funded in 2020 and 2021: FirstMark Capital's HeitzmannRich Heitzmann, FirstMark Capital, joins 'Closing Bell' to discuss the private equity market, the overall state of venture capital and more.

☆ Chamath Palihapitiya was supposed to be the next Warren Buffett. Then interest rates spiked.
▼ + stars: | 2023-04-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Chamath Palihapitiya was dubbed the "next Warren Buffett" after a series of successful bets in 2019 and 2020. Palihapitiya even compared his returns to Buffett's Berkshire Hathaway in his annual letters. The dealmaking prowess of Palihapitiya sparked comparisons that his Social Capital investment vehicle was essentially a baby Berkshire Hathaway. Even Palihapitiya himself, who has called Buffett an inspiration, compared his investment returns to the early returns of Berkshire Hathaway in his annual shareholder letters. Palihapitiya addressed the destruction in value seen across technology companies in Social Capital's 2022 investment letter.

☆ A hidden time bomb? A 'Big Short' investor sees financial disaster brewing in housing markets
▼ + stars: | 2023-04-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

Josh Edelson | Afp | Getty ImagesMore than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a "Big Short" investor once again sees financial disaster brewing in the real estate market. Now, Burt believes an overlooked climate risk could see history repeating itself. U.S. housing market overvalued? watch now"The biggest reason why it matters from our perspective is that climate risk isn't being priced into the housing market," Jeremy Porter, head of climate implications at First Street Foundation, told CNBC. 'A humanitarian crisis'Far from a domestic issue, Burt stressed the climate risks associated with the U.S. housing market posed a major problem for countries worldwide.

☆ These US port cities are fighting to restrict cruise ships. It's easier said than done.
▼ + stars: | 2023-04-05 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

The pandemic offered coastal communities across the US a taste of life without cruise ships. Now, port cities in Florida, Maine, Alaska, and California are fighting to limit or ban the vessels. A few weeks prior, Juneau, Alaska's city assembly voted to cap the number of cruise ships visiting the capital's downtown port at five per day. According to one study commissioned by Stand.earth, an environmental organization, found that cruise passengers visiting Victoria, a major Canadian cruise port, were responsible for less than 2% of tourism spending. Do you live or work near a US cruise port?

☆ Energy demand will increase with tech demand, says Smead Capital's Cole Smead
▼ + stars: | 2023-04-05 | 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 EmailEnergy demand will increase with tech demand, says Smead Capital's Cole SmeadSmead Capital Management's Cole Smead joins 'Squawk on the Street' to discuss his Q2 playbook, areas to watch in energy markets, and home builder stocks near all-time highs.

☆ Lux Capital's Josh Wolfe says he isn't 'too optimistic' on Chips Act
▼ + stars: | 2023-04-05 | 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 EmailLux Capital's Josh Wolfe says he isn't 'too optimistic' on Chips ActJosh Wolfe, Lux Capital co-founder, joins 'Closing Bell: Overtime' to discuss opportunity plays in China, U.S. defense and the U.S.-Taiwan meeting.

Wednesday's talks were the first high-stakes meeting between the government of President Emmanuel Macron and union bosses since nationwide protests and strikes against the legislation started in mid-January. The talks, ahead of a new day of walkouts and marches planned for Thursday, lasted about an hour. Borne told reporters that she was open to further talks but that she would not backdown on the retirement age. Labour representatives complain they are not being listened to despite weeks of protest marches and unrest against the pension overhaul. Chabanier said the unions told Borne the only way out of the deadlock was for the government to withdraw the reform.

☆ Watch CNBC's full interview with Smead Capital's Cole Smead
▼ + stars: | 2023-04-05 | 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 EmailWatch CNBC's full interview with Smead Capital's Cole SmeadSmead Capital Management's Cole Smead joins 'Squawk on the Street' to discuss his Q2 playbook, areas to watch in energy markets, and home builder stocks near all-time highs.

☆ Tech rally valuations not sustainable without rate cuts, says Wealth Enhancement Group's Nicole Webb
▼ + stars: | 2023-04-04 | 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 EmailTech rally valuations not sustainable without rate cuts, says Wealth Enhancement Group's Nicole WebbiCapital's Anastasia Amoroso and Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group, joins 'Closing Bell' to discuss the technology rally, doubts about a Fed rate cut in 2023, and investment opportunities for the current market environment.

☆ Starwood Capital's Barry Sternlicht says the U.S. is going into a 'serious' recession
▼ + stars: | 2023-04-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starwood Capital CEO Barry Sternlicht said Tuesday that a severe economic downturn is inevitable. "I think we're going into a serious recession," Sternlicht said on CNBC's " Squawk Box ." However, Dimon said he believes that the U.S. might be able to skirt a recession. Sternlicht previously said he and his colleagues looked at six regional banks and studied their mark-to-market losses on assets. They know that this cannot last and we have the very low consumer confidence, very low savings rates, very low CEO confidence, and a series of layoffs coming through the service industries," Sternlicht said.

[1/2] The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. REUTERS/Chris HelgrenTORONTO, April 4 (Reuters) - Canada's antitrust regulator said on Tuesday it is reviewing the potential acquisition of Canadian lender Home Capital Group Inc (HCG.TO) by privately held peer Smith Financial Corp."I can confirm that the Competition Bureau is reviewing the potential acquisition of Home Capital Group by Smith Financial Corporation," a spokesperson for the regulator said in an email to Reuters. Home Capital and Smith Financial were unavailable to immediately provide comment. Home Capital, rescued by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) five years ago, announced in November it would be taken private by Smith Financial in a C$1.7 billion ($1.27 billion) deal. Smith Financial is controlled by Stephen Smith, the co-founder of Home Capital's larger rival First National Financial Corp (FN.TO) and a top shareholder of lender EQB Inc (EQB.TO).

☆ The spiraling banking crisis is leaving traders divided, Jim Cramer says
▼ + stars: | 2023-04-04 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

watch nowThe spiraling banking crisis has prompted concerns about liquidity, credit and defaults, CNBC's Jim Cramer said Tuesday, and is leaving traders split. That represents an opportunity to buy into economically sensitive stocks, Cramer argued, because it suggests the Fed is nearly done tightening rate hikes. DefensiveCramer said the second set, defensive traders, are wrong because just a few weeks ago the defensive pharma and packaged goods names were being "pummeled" because they were perceived as too defensive. "It's ridiculous," Cramer said, that those traders think the outlook is much improved. How about sizable layoffs and a big juicy earnings surprise, something that it seems incapable of delivering," Cramer said.

☆ Xylem continues to be a top pick as water quality concerns make headlines, says RBC's Deane Dray
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXylem continues to be a top pick as water quality concerns make headlines, says RBC's Deane DrayRBC Capital's Deane Dray joins 'Closing Bell Overtime' to share his top picks for the industrial sector, and industrial picks influenced by risk appetite, and GE's portfolio simplification creating room to run.

☆ Jamie Dimon is riding to the rescue again. This time, he's poised to come out on top.
▼ + stars: | 2023-03-31 | by ( Carter Johnson | ) www.businessinsider.com time to read: +15 min

Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.

☆ Tech stocks rallied because they're looking past the rate hike cycle: Advisors Capital's Feeney
▼ + stars: | 2023-03-31 | 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 EmailTech stocks rallied because they're looking past the rate hike cycle: Advisors Capital's FeeneyJoAnne Feeney, partner and portfolio manager at Advisors Capital Management, joins 'Squawk Box' to discuss Feeney's thoughts on the banking sector, if Feeney sees the possibility for rate cuts this year, and more.

Summary Russia accuses detained U.S. journalist of spyingSays he was trying to gather state/military secretsWall Street Journal denies the allegationsMove latest blow to dire Russia-U.S. tiesLONDON, March 30 (Reuters) - Russia's FSB security service said on Thursday it had detained a reporter for U.S. newspaper The Wall Street Journal on suspicion of spying for Washington, the most serious public move against a foreign journalist since Russia invaded Ukraine. The Wall Street Journal said in a statement it was "deeply concerned" for Gershkovich's safety and that it "vehemently denies the allegations from the FSB and seeks the immediate release of our trusted and dedicated reporter". TOUGH CENSORSHIP LAWS[1/5] Reporter for U.S. newspaper The Wall Street Journal Evan Gershkovich appears in an undated handout image taken in an unknown location. Other foreign journalists covering Russia expressed support for Gershkovich online, saying he was a professional reporter, not a spy. Gershkovich, who has covered Russia since 2017, previously worked at The Moscow Times newspaper and at Agence-France Presse news agency before joining the Wall Street Journal's Moscow bureau in January last year.

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