The CEOs of major U.S. airlines, including American Airlines, Delta, JetBlue and Southwest, are meeting with Vice President Mike Pence to discuss the impact of COVID-19 on the industry. Yahoo Finance's Akiko Fujita and Emily McCormick break down the details. ...
The CEOs of major U.S. airlines, including American Airlines, Delta, JetBlue and Southwest, are set to meet with Vice President John Pence on Friday to discuss the impact of COVID-19 on the industry. Yahoo Finance's Akiko Fujita and Emily McCormick break down the details. ...
Stocks are sinking after Texas Governor Greg Abbott said the state would be reversing its reopening process by closing bars and limiting restaurant capacity following a surge in coronavirus cases. Jimmy Lee, CEO of The Wealth Consulting Group, joins Yahoo Finance's Akiko Fujita to discuss....
2020 has been a difficulty year so far for most travel and leisure-related companies. And in the first half, among the biggest casualties of the coronavirus pandemic have been hotel stocks.By the end of March, shares in a wide range of hotels hit multi-year lows. Since then, to the delight of market participants, many travel and hotel stocks have recovered at least some of their initial losses. However, despite the increase in shares prices, most hospitality businesses are suffering from a collapse in demand, such as for air travel, car rental or hotel rooms.Year-to-date, the S&P 500 index is down around 7%. Yet that number tells only half the story. If you were brave enough to invest $1,000 in the index after the 52-week low of 2,191.86 seen on March 23, you would now have about $1,400.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhere do the indices, as well...
Stocks fell Friday, with losses accelerating after Texas Gov. Greg Abbott said the state would be reversing its reopening process by closing bars and limiting restaurant capacity following a surge in coronavirus cases....
America's up-again, down-again group of cruise line stocks -- Carnival Corporation (CCL), Royal Caribbean (RCL), and Norwegian Cruise Line Holdings (NCLH) -- went down again, en masse, this week, with all three companies' stocks sinking 10% or more.Don't say you were not warned.Analyst Chris Woronka of Deutsche Bank penned a note in which he tweaked price targets ever so slightly higher. At the same as he did this, however, Woronka also warned investors that none of the three publicly-traded cruise stocks is currently cheap enough to buy.Although Woronka raised his estimates (the price target on Carnival going from $11 to $13 a share, Royal Caribbean going from $36 to $40, and Norwegian Cruise from $11 to $15), the analyst remained firmly on the fence about all three of these companies, and reiterated a "hold" rating on all three stocks. Turns out, while in the long term Woronka sees the three major...
