Business

[ad_1] Much like bears preparing for hibernation, cruise line operators feed to survive their next months of dormancy. But instead of swallowing berries and nuts and fish, Carnival (NYSE: CCL)(NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NASDAQ: NCLH) feast on secondary equity offerings and new debt issues. Royal Caribbean became the … Read more

[ad_1] A waiter wearing a mask stands outside Da Gennaro restaurant in Little Italy on November 15, 2020 in New York City. Alexi Rosenfeld | Getty Images The restaurant industry has lost jobs for the first time since April, with new restrictions aimed at tackling the coronavirus pandemic weighing on sales in restaurants and bars. … Read more

[ad_1] While the economic turmoil caused by the coronavirus pandemic has left some people in Britain counting every penny, the country’s central bank is apparently struggling to keep up with billions of pounds. A parliamentary report released on Friday said £ 50bn (roughly $ 67bn) of paper money was “missing” in the country’s treasury and … Read more

[ad_1] Denmark will halt all new oil and gas exploration with immediate effect as part of a plan to phase out fossil fuels by 2050, one of the most drastic steps a crude-producing country has taken to reduce carbon emissions. The country’s parliament has agreed to end planned licensing cycles in the North Sea and … Read more

[ad_1] Workers assemble a Boeing Co. 787 Dreamliner aircraft at the Boeing Everett plant in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images Boeing has further reduced its production target for 787 Dreamliner production to five per month in mid-2021, from six as demand for international travel suffers from the coronavirus pandemic, CFO … Read more

[ad_1] Biotech company Moderna shared findings that its coronavirus vaccine provided trial participants with immunity for up to three months after the second vaccine. The vaccine is still awaiting emergency approval from the U.S. Food and Drug Administration (FDA), which plans to meet on December 17 to discuss the company’s application. The FDA will meet … Read more

[ad_1] Luminar Technologies Inc. LAZR, + 37.99% shares rallied nearly 40% on Friday, doubling in two days as a public company following a merger with a blank check company. Luminar-based Palo Alto, Calif., Which develops lidar for autonomous driving and advanced driver assistance systems, merged with special-purpose acquisition company Gores Metropoulos Inc. gmhiu Wednesday, and … Read more

[ad_1] What happened Carnival (NYSE: CCL) (NYSE: CUK) shareholders beat a booming market in November as their shares rose 46% from the 11% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally hasn’t resulted in many larger losses, however, and the cruise ship giant remains more than 50% … Read more

[ad_1] Friday’s November employment report showed that the coronavirus-stricken US economy regained 245,000 jobs last month, with the unemployment rate falling to 6.7% from 6.9%. Economists polled by MarketWatch expected a gain of 432,000 jobs and an unemployment rate of 6.8%. See:The 245,000 new jobs created last month are the lowest since the recovery began … Read more