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The May jobs report showed an unexpected rise in the number of non-farm payrolls in the economy and a drop in the unemployment rate from April....
Royal Caribbean (NYSE:RCL) is having itself a month. RCL stock is up over 40% since the beginning of May on what can only be described as discount shopping at the clearance rack. Right now, it seems that investors keep buying the stock as if they're afraid of missing out on the next leg up.Source: Laszlo Halasi / Shutterstock.com The problem with that thinking is that Royal Caribbean had already nearly doubled from where it had fallen in March. And at around $40 per share, RCL stock felt a little ahead of itself. So, with a stock price nearing $60 per share, it seems like a classic case of investors who have a fear of missing out (FOMO). Royal Caribbean Is Not to BlameLike all cruise lines, Royal Caribbean saw its stock price plummet in March as the Covid-19 pandemic forced a complete suspension of operations. The cruise line industry is no...
Stryker CEO Kevin Lobo is an inspiration to millions of Americans being asked to shoulder more responsibility amid the coronavirus stock market crash....
(Bloomberg) -- Royal Caribbean Cruises Ltd. sold $2 billion of bonds on Thursday, the cruise liner’s second outing in the credit market in less than a month as its seeks to boost liquidity while the coronavirus keeps ships at port.The three-year bonds sold at par with a coupon of 9.125%, significantly lower than where it priced similar debt last month. Those borrowing rates were also lower than earlier discussions of 9.25% to 9.5%, according to people familiar with the matter.The unsecured notes are structured with a similar priority guarantee as the bonds Royal Caribbean sold in May, but are linked to a different pool of seven ships valued at about $7.7 billion. Bondholders are first in line for those assets, even though they are unsecured, according to a person familiar with the matter.The company has the ability to issue $1.7 billion of debt with this structure, leaving $700 million remaining, according...
(Bloomberg) -- Some of the biggest names in finance and business made a fortune on Zoom Video Communications Inc.: Hong Kong’s Li Ka-shing, Tiger Global Management’s Chase Coleman and, of course, founder Eric Yuan, whose net worth has surged to $10.7 billion.And then there’s Samuel Chen, a little-known Taiwanese investor who made his initial wealth through ink trading and started putting money in the video-conferencing juggernaut about a decade ago.His Digital Mobile Venture Ltd., which participated in Zoom’s early funding rounds, controls a $1.6 billion stake, assuming it hasn’t sold stock since the holding was last disclosed at the end of March. Shares of Zoom, which recently reported a 170% increase in first-quarter revenue, have more than quintupled since their initial public offering last year.Chen is also a board member of Taiwan circuit maker Sonix Technology Co., and Digital Mobile is the biggest shareholder of Santa Clara, California-based Telenav Inc., a...
Last week, you might have seen that PharmaCielo Ltd. (CVE:PCLO) released its quarterly result to the market. The early......
Stock futures rose Friday morning as investors awaited the Labor Department’s May jobs report and digested very early signs of recovery in the virus-stricken economy....
