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Carnival and Cruise Industry Scramble to Survive

April 7, 2020

Via: The New York Times

First, there was the Diamond Princess, stranded off the coast of Japan as the coronavirus infected hundreds of passengers. Then the Westerdam, circling in the sea for days with nowhere to dock. Then the Grand Princess, the Costa Luminosa and […]


Industries, Others

Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat

March 26, 2020

Via: Fortune

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and […]


Industries, Others

Boeing stock plunges again after coronavirus bailout quest spooks investors

March 18, 2020

Via: Fortune

Boeing Co.’s rout deepened as investors reacted with alarm to news that the planemaker is seeking at least $60 billion in U.S. government aid for itself and suppliers in a race to shore up cash to weather the coronavirus pandemic. […]


Industries, Others

Trump’s Ban on Travel From Europe Escalates Pain for Airlines

March 12, 2020

Via: Time

President Donald Trump’s decision Wednesday to impose a 30-day ban on most Europeans entering the United States is the latest stunning setback for an airline industry that is reeling from a drop in bookings and a surge in people who […]


Industries, Others

A malfunctioning 737 Max warning light could cost Boeing millions in new FAA fines

February 21, 2020

Via: Fortune

Boeing Co. engineers discovered in 2017 that a software glitch had rendered a warning light on the newly introduced 737 Max inoperable on 80% of the planes. But the company chose not to fix it or to inform U.S. regulators. […]


Industries, Others

Cruise stocks shrug off Carnival’s coronavirus warning to trade higher

February 12, 2020

Via: Market Watch

Shares of cruise operators rose Wednesday, as investors shrugged off the latest update on the sector’s exposure to COVID-19, the coronavirus that was first identified in late 2019 in Wuhan, China. Carnival Corp. CCL, +2.28% told investors that it could […]


Industries, Others

Vaccine makers tap into virus-driven rally to raise money

January 23, 2020

Via: Market Watch

Some small vaccine developers that saw their stocks take off on Tuesday over growing concern about the new coronavirus are using the rally to raise money. Novavax Inc. NVAX, -27.80% in 2013 developed a vaccine for Middle East respiratory syndrome […]


Industries, Others

Why it’s time for a futures market in health care

January 16, 2020

Via: Fortune

Financial futures were created in the 1970s at a time of very high interest rates and inflation. Those economic ills were cured by the mid-1980s. Oil futures were created in the early 1980s at a time of shortages and volatile […]


Industries, Others

Why Bank of America expects the hot European pharmaceuticals sector to stumble — and it’s not a fear of U.S. drug prices

January 7, 2020

Via: Market Watch

Bank of America expects European stocks broadly to rise this year, but its key underweight call is the pharmaceutical sector, and the recommendation has nothing to do with talk of reining in U.S. drug prices. Bank of America’s call on […]


Industries, Others

Disney shares start 2020 in the green as Wall Street sees big Disney+ subscriber numbers

January 2, 2020

Via: CNBC

Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 […]