The exponential spread of the coronavirus is upending the travel industry with cruise operators being hit particularly hard.“By our math, every lost voyage is $3 to $4 million of revenue, and about $0.02 of earnings,” James Hardiman, the managing director of equity research for Wedbush Securities, told Yahoo Finance’s On The Move on Tuesday.Royal Caribbean…
And by “shake the markets a bit”, Jeffrey Mills of Bryn Mawr Trust means a potential double-digit percentage drop in stocks. “A 5% to 10% drawdown would bring us right around the upward sloping 200-day moving average [for the S&P 500] around 3,000,” he told CNBC in an interview this week. “In that case, we…
There are so many ways listed on the internet on how to pass an exam. But if you’re preparing for Microsoft Exam MB-210, then you need to step up the game and only take into account the...
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(Kitco News) - The gold market is seeing renewed selling pressure as U.S. consumer confidence pushes higher, significantly beating expectations. Tuesday the U.S. Conference Board said its consumer confidence index for January rose to a reading of 131.6, up compared to December’s revised reading of 128.2. According to consensus forecasts, economists were expecting to see…
View photos(Bloomberg) -- Harley-Davidson Inc. capped its fifth straight annual U.S. sales decline with quarterly profit and revenue that missed estimates.Motorcycle revenue and shipments fell more than expected, adding urgency to Chief Executive Officer Matt Levatich’s effort to expand the Milwaukee-based manufacturer’s sales overseas. While Asia Pacific was the sole region to show an annual…
View photos(Bloomberg) -- 3M Co. dropped the most in nine months after revealing it had received a grand jury subpoena in an environmental probe and saying it would cut 1,500 jobs amid slumping markets from car parts to electronics.The pared workforce is part of a restructuring -- affecting “all business groups, functions and geographies” --…
Consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed.The Board's consumer confidence index rose to 131.6 this month from 126.5 in December. Economists polled by Dow Jones expected consumer confidence to rise to 128.Lynn Franco, senior director…
There are too many unknowns about the worsening coronavirus outbreak to start buying stocks after Monday's worst market slide since October, CNBC's Jim Cramer said Tuesday.Wall Street opened higher on Tuesday, partially rebounding from Monday's more than 450-point drop in the Dow Jones Industrial Average."I just think you're coming in on quicksand here," Cramer said…
Tesla is reportedly trying to secure subsidies to help establish the production of battery cells in Germany while it moves forward with its Gigafactory near Berlin. Last year, CEO Elon Musk confirmed that Tesla is going to build Gigafactory 4 in the “Berlin area.” The CEO has now changed the nomenclature regarding Tesla’s Gigafactories. Instead of…
