For the past two years, since the covid pandemic hit in late-February 2020, the cruise industry has taken one punch after another. And, while the situation has improved from the extended period when cruises were not allowed to sail from United States ports, that does not mean that it’s back to 2019 for Royal Caribbean … Read more
United Airlines said on Friday it will suspend service in late October to New York’s John F. Kennedy Airport. Earlier this month, United had threatened to take the action if the Federal Aviation Administration did not grant the air carrier additional flights. United has been flying just twice daily to San Francisco and Los Angeles … Read more
(Bloomberg) — Unwavering profit projections. Benign chart patterns. Big hedges in the options market. Most Read from Bloomberg All the things that bulls expected to put a brake on the worst equity selloff in 30 months have just summarily failed. The Federal Reserve, with an assist from UK policy makers, overpowered them all to deliver … Read more
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more
(Bloomberg) — Credit markets are starting to buckle under pressure from soaring yields and fund outflows, leaving strategists fearing a rupture as the economy slows. Most Read from Bloomberg Banks this week had to pull a $4 billion leveraged buyout financing, while investors pushed back on a risky bankruptcy exit deal and buyers of repacked … Read more
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures both new and old on the cable and wireless industries. Shares of wireless companies AT&T Inc. T, -1.22% and Verizon Communications Inc. VZ, -1.73% lost 26.8% and 25.2%, respectively, during the third quarter. Those were the largest quarterly … Read more
President Biden talks a lot about inflation. He typically takes two tacks. One, he acknowledges it’s a serious problem for ordinary families. Two, he explains what he’s trying to do about it. Biden almost never talks about the stock market—but maybe he should start acknowledging the pain it is causing, too. The S&P 500 index … Read more
Oracle implements new PTO, health insurance policies for Cerner employees
The most expensive home ever bought is a 105,000-square-foot California mansion in the hills of Bel Air whose electric bill can reach up to $50,000 a month, according to a report. The $141 million home known as “The One,” which is considered the largest modern home in the country, would need considerable amounts of energy … Read more
Most financial planners advise young people to start saving early — and often — for retirement so they can take advantage of the so-called eighth wonder of the world – the power of compound interest. And many advisers routinely urge those entering the workforce to contribute to their 401(k), especially when their employer is matching … Read more