Carnival Corporation (NYSE:CCL) is a company that's faced disaster before and come back stronger than ever. From the sinking of its Costa Concordia ship in 2012 to the 2013 "poop cruise" of the Carnival Triumph to the December 2019 collision between two Carnival ships in Cozumel, CCL stock has always recovered.Source: Ruth Peterkin / Shutterstock.com But the novel coronavirus is a disaster on another scale altogether. It's knocked Carnival stock back 75% so far this year. Has that crash created a buying opportunity? Cruise Lines Are in Trouble, With No Government LifelineTravel industries from airlines to online booking sites are in trouble as a result of the coronavirus pandemic. However, none of these is being hit quite so hard as the cruise industry. Christopher Muller is a senior professor at Boston University's School of Hospitality Administration. He describes a bleak situation for companies like Carnival Cruise:InvestorPlace - Stock Market News, Stock...
The Federal Motor Carrier Safety Administration has extended its Emergency Declaration providing hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide COVID-19 outbreak through May 15. ...
The market remains volatile amid the coronavirus pandemic. Payne Capital Management President Ryan Payne joins Yahoo Finance’s On The Move panel to discuss why he thinks now is a good time to invest....
(Bloomberg Opinion) -- California this week declared its independence from the federal government’s feeble efforts to fight Covid-19 — and perhaps from a bit more. The consequences for the fight against the pandemic are almost certainly positive. The implications for the brewing civil war between Trumpism and America’s budding 21st-century majority, embodied by California’s multiracial liberal electorate, are less clear. Speaking on MSNBC, Governor Gavin Newsom said that he would use the bulk purchasing power of California “as a nation-state” to acquire the hospital supplies that the federal government has failed to provide. If all goes according to plan, Newsom said, California might even “export some of those supplies to states in need.”“Nation-state.” “Export.”Newsom is accomplishing a few things here, with what can only be a deliberate lack of subtlety. First and foremost, he is trying to relieve the shortage of personal protective equipment — a crisis the White House has proved incapable...
The good news for Chinese stocks is that they have recovered well off the March lows. This stands to reason because China suffered first from the novel coronavirus and it is recovering ahead of everyone else. So today's thesis is simple because the expectation is that Chinese stocks also recover faster. Moreover, when the rest of the world re-opens they would also help China keep its momentum. Today we discuss three ways to trade the Chinese recovery phase.While this sounds easy, the bad news is that the majority of the Chinese stocks peaked in 2018. The January indices highs were still 15% below the two-year-old high mark even before this crisis. There were some stocks that did better than others, so it's not all bad. It is important to note that there is an added wrinkle and it revolves around fraud. Recently, two high-profile Chinese companies, Luckin Coffee (NASDAQ:LK) and Iqiyi...
