The actions of the cruise operators were affected on Friday by the extension of the order of prohibition of navigation on the part of the Centers for the Control and the Prevention of Diseases, as a result of the recent increase in the cases of COVID-19. The CDC said passenger …
Read More »American Airlines CEO: “Let’s fly, for God’s sake”
The pandemic is not yet affecting American Airlines, not if its CEO has anything to say about it anyway. “We’re going to fly, for heaven’s sake,” CEO Doug Parker told the Wall Street Journal. [The Wall Street Journal shares common ownership with MarketWatch.] “If it doesn’t work, we will remove …
Read More »P&G catches up on climate change, but critics say troubling tree-to-toilet pipe needs to go
Charmin’s toilet paper maker Procter & Gamble Co. has teamed up with other consumer product conglomerates with its own updated climate change campaign, and agrees with its rivals that the next decade is a critical time for action, but drawing new concerns from natural resource groups. CEO David Taylor and …
Read More »Cruise stocks fall after CDC fails to extend navigation order, analyst says further delays expected
Cruise ship operator stocks fell in premarket trading on Friday, after the Centers for Disease Control and Prevention (CDC) extended its “no-sail order” to cruises until September 2020 amid an increase in new cases of COVID-19. The previous CDC order expired on July 24. The shares of Norwegian Cruise Line …
Read More »Nio shares fall after Goldman Sachs turns bearish on valuation concerns
Shares of Nio Inc. NIO, -9.42% It plunged 6.8% in premarket trading on Friday after Goldman Sachs analyst Fei Fang turned bearish on the China-based electric vehicle maker, citing valuation concerns. It cut its rating to sell, after being neutral since early October. Its target share price is $ 7, …
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