The shares of Norwegian Cruise Line Holding Ltd. (NYSE: NCLH) dipped nearly 12.4% in the after-hours session on Tuesday.What Happened The dip followed the Florida-based company's announcement that it is extending the suspension of its cruise voyages to October. Certain voyages in October, including Canada and New England trips, have also been canceled.Norwegian said Seattle-based Alaska voyages set to take off in September are an exemption.The cruises were earlier expected to be in the sea by August, following the ease of lockdown restrictions related to the novel coronavirus (COVID-19) pandemic.Why It Matters Rival Carnival Corp.'s (NYSE: CCL) Princess Cruises earlier this month also announced its operations would remain suspended through mid-September at least, Reuters reported.The travel and leisure industry has been hit hard by the pandemic, as operations remain suspended for most of the year. A number of cruises were stuck at sea during the early days of the pandemic in...
U.S. gold futures were mostly unchanged at $1,736.30. Beijing officials reported several new COVID-19 cases for the sixth consecutive day, while new infections hit record highs in six U.S. states on Tuesday. Geopolitical tensions and additional stimulus measures from global central banks also offered some support to the safe-haven, which often used as a safe store of value during times of political and financial uncertainty....
Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand. Brent crude futures were down 89 cents, or 2.2%, at $40.07 a barrel as of 0348 GMT, and U.S. West Texas Intermediate (WTI) futures fell $1.13, or 2.9%, to $37.25 a barrel. Both benchmarks rose more than 3% on Tuesday, after the International Energy Agency (IEA) raised its 2020 oil demand forecast to 91.7 million barrels per day (bpd) and U.S. retail sales posted a record jump in May....
(Bloomberg) -- Apple Inc.’s head of diversity and inclusion Christie Smith is leaving the iPhone company, according to people familiar with the matter.Last week, Chief Executive Officer Tim Cook said Apple is launching a $100 million Racial Equity and Justice Initiative, adding to the company’s response to the police killing of George Floyd last month. Earlier this month, Cook wrote in a letter to employees and customers that society needs to do more to push equality, particularly for Black people.“To create change, we have to reexamine our own views and actions in light of a pain that is deeply felt but too often ignored. Issues of human dignity will not abide standing on the sidelines,” Cook wrote in the letter.Smith joined Apple in 2017 after 16 years at consultancy Deloitte. Unlike her predecessor, who reported directly to the CEO, Smith reported to Apple’s Senior Vice President of Retail and People Deirdre...
