Markets

Cruise stocks surge after Bank of America lifts price targets on vaccine hopes

Cruise stocks gained on Thursday after Bank of America boosted its outlook for the beleaguered industry. The bank’s analysts raised price targets for Royal Caribbean Cruises, Carnival, and Norwegian Cruise Line Holdings, saying the widespread distribution of a COVID-19 vaccine can bring prices back to their pre-pandemic highs. Carnival and […]
Cruise stocks surge after Bank of America lifts price targets on vaccine hopes
Markets

The so-called reopening trade surges on Moderna vaccine trial success

On Tuesday, Moderna announced that its coronavirus vaccine produced a “robust” immune response in all 45 patients in an early stage human trial. Shares of the so-called reopening trade, which includes airlines, cruise lines, and retail stocks, surged in premarket trading Wednesday. The reopening trade consists of stocks that would […]
The so-called reopening trade surges on Moderna vaccine trial success
News

Cruise-obsessed vacationers are desperate to set sail, even after high-profile coronavirus outbreaks on ships. We spoke with 18 cruisers about why they can’t wait to cast off.

The coronavirus pandemic has proved catastrophic for the cruise business. The entire industry has been forced to effectively suspend operations after a number of highly publicized COVID-19 outbreaks onboard ships like the Diamond Princess. But an avid community of frequent cruisers has remained eager to return to the ships whenever […]
Cruise-obsessed vacationers are desperate to set sail, even after high-profile coronavirus outbreaks on ships. We spoke with 18 cruisers about why they can’t wait to cast off.
News

Celebrity Cruises was hit with a lawsuit claiming the cruise line risked crew members’ lives during the coronavirus pandemic by allowing parties, mandating ship drills

A Celebrity Cruises crew member who tested positive for COVID-19 on March 30 onboard the Celebrity Apex has filed suit against her employer. Crew member Alexandra Nedeltcheva’s lawsuit against Celebrity Cruises alleges the line “glaringly failed to follow even the most basic safety precautions” during the coronavirus pandemic. Lawyer Michael […]
Celebrity Cruises was hit with a lawsuit claiming the cruise line risked crew members’ lives during the coronavirus pandemic by allowing parties, mandating ship drills
Markets

Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost

Several companies have lowered or withdrawn their forward-looking revenue estimates as the coronavirus tears into operations. Microsoft was the most recent to warn investors of the outbreak’s effect on financials, announcing Wednesday its Windows and Surface businesses would see worse-than-expected sales due to supply chain disruption. The announcement drove Microsoft […]
Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost