Ford Motor Company (NYSE: F) scheduled its new Bronco reveal for July 9. That's O.J. Simpson's 73rd birthday -- a man remembered less for his NFL career than for the slow-speed police chase through Los Angeles of the white 1993 Ford Bronco he was riding in after being charged with the murder of his ex-wife Nicole Brown Simpson and her friend Ronald Goldman.The chase was broadcast nationally, and the image of the white Bronco coasting down the I-405 was impressed on the minds of 95 million people."I just don't know if it's a good marketing twist," Tanya Brown, Nicole's sister, told the Detroit Free Press.Ford Says Timing 'Purely Coincidental': Auto experts and analysts were just as perplexed."I gotta believe this is a mistake. Didn't anybody look at the calendar?" Autoline.tv host John McElroy told the Freep."Ford Motor Co. does not want to correlate the launch of such an iconic and important...
(Bloomberg) -- American Airlines Group Inc. is seeking to raise around $2 billion from a junk bond offering that may emerge as soon as next week, according to people with knowledge of the matter.The company is sounding out investors for a potential five-year secured note that cannot be repaid for the life of the bond at a yield of 11%, said the people, who asked not to be named because the talks are private. Discussions around the terms of the offering, including the yield, are preliminary and could change, the people said.The debt may be backed by assets like airport slots and gates, Bloomberg previously reported.Representatives for American and Citigroup Inc., which is working with the company, declined to comment.American shares rallied after Bloomberg reported on the potential offering. The stock gained as much as 2% to trade at $16.84 at 11:16 a.m. in New York.American, the most debt-laden of the...
On June 16, the U.S. Centers for Disease Control and Prevention (CDC) said that it didn't know when it would give the green light for cruise ships to start sailing again. Royal Caribbean (NYSE:RCL) planned to be back in business on Aug. 1. However, the CDC's latest comments suggest fall might be a more likely scenario. RCL stock and the rest of the cruise operators took a hit on the news. Source: Laszlo Halasi / Shutterstock.com What was already a murky situation just got a whole lot murkier.If you are thinking about buying Royal Caribbean's stock on the dip, you might want to consider your options before doing so. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe easiest way to make a bet on RCL without exposing yourself to excessive company risk is to buy an ETF that owns the cruise operator. Why an ETF for RCL Stock?Recently, the...
(Bloomberg) -- Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production.Two of the world’s biggest commodity trading houses, Vitol Group and Trafigura Group, said global oil demand is recovering at a rapid pace this month, while Saudi Energy Minister Prince Abdulaziz bin Salman also said he sees encouraging signs of a consumption recovery.The rally allows the industry some breathing room on its high debt burden, giving confidence to lenders and investors as U.S. shale seeks to rebuild after the worst price collapse in a generation. But with producers planning to turn on the taps once again, it could also be short-lived.“To a certain degree producers will come back,” said Bob Yawger, director of the futures division at Mizuho Securities USA. “It’s not the sweet spot by any...
Wirecard CEO Markus Braun stepped down from his position over the German payment firms latest accounting scandal. Yahoo Finance’s On The Move panel shares the details....
How sweet is a 300% rally? DraftKings (NASDAQ:DKNG) investors just got that gift in a flash. The quarantine jump-started it like with a giant shot of adrenaline. After a small dip, DraftKings stock tripled in just two months, and the success should be long term.Source: Lori Butcher/Shutterstock.com But that's why investors should exercise a little patience and find better entry points. This comment will likely upset a few fans, but my concern is with the stock's price action, not the company itself.The concept is great and the bullish thesis is 100% viable. The company operates in one of the hottest concepts of late. Gaming and esports have incredible momentum, and gambling will never fall out of favor. Add to it that they are domestic and online and it's a formula for sure success for years to come. The world is now on an ultra fast pace to digitize thanks to the...
