46.30 -0.20 (-0.43%)
After hours: 7:02PM EST
|Bid||46.11 x 1100|
|Ask||46.38 x 800|
|Day's Range||45.38 - 46.85|
|52 Week Range||39.92 - 59.24|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||10.76|
|Forward Dividend & Yield||2.00 (4.42%)|
|Ex-Dividend Date||Feb 19, 2020|
|1y Target Est||N/A|
Doral-based Carnival Corp.'s (NYSE: CCL) and Miami-based Royal Caribbean Cruises Ltd. (NYSE: RCL) stock prices have plummeted by double digits over the past week. In the same time frame, the stock price for Miami-based Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) dropped by more than 9%. The change in each company's stock price from market close Jan. 17 to market close Jan. 27: Carnival Corp. – $51.90 to $45.27 per share, down 12.8% Royal Caribbean Cruises Ltd. – $135.01 to $116.91, down 13.4% Norwegian Cruise Line Holdings Ltd. – $59.64 to $54.14, down 9.2% A representative from Carnival Corp. told the Business Journal that subsidiary Costa Cruises has canceled nine departures across four different vessels.
Like many investors, you're likely aiming to build a comfortable nest egg to ensure a comfortable retirement. Make sure you know all about what financial planners dub the accumulation and distribution phases of retirement planning.
St. Louis Business Journal, as part of its 40th anniversary, is launching a Hall of Fame to recognize honorees from our signature awards programs over the years who continue to have an outsized influence on the St. Louis business community.
The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?
BEIJING/SHANGHAI, Jan 26 (Reuters) - Residents of China's Hubei province, where the new coronavirus outbreak was first reported, will be banned from entering Hong Kong from Monday as China tries to halt the rapid spread of the outbreak. China's Cabinet also announced it will extend the week-long Lunar New Year holiday by three days to Feb. 2 and schools will return from their break later than usual, state broadcaster CCTV said.
(Bloomberg) -- The cloudy, foul-smelling water that runs from the taps in Rio de Janeiro is the latest crisis to rock the iconic city, underscoring the urgency behind a push to privatize public services like sanitation.About 9 million people in and around Rio have been doubting the safety of their water supplies since early this month. Supermarket shelves are bare of bottled water after a rush to stock up. And the strain on resources is due to get a lot worse as 2 million people descend on Rio for Carnival festivities in February.While the state-owned water company, known as Cedae, blames geosmin, a naturally occurring organic compound produced by algae that it says is safe to drink, it’s also a culmination of decades of mismanagement and paltry investments. Most raw sewage ends up in rivers in Rio state and only 29% of it is treated, federal government statistics show. Water experts speculate that the filth probably helped the algae proliferate.The situation is adding ammunition to calls to sell off sanitation assets across Brazil, a task that has eluded previous governments due to the opposition of unions and politicians who often grant jobs to allies at state-run companies. But after years of repeated crises, including periodic water shortages in a country with the world’s largest fresh water reserves, public opinion is becoming more amenable to the privatization of public services.“I’m sorry for the problems they’re facing, but at the same time, it’s a spectacular demonstration of how incompetent the state is in taking care of our water and sewage,” Salim Mattar, Brazil’s secretary of privatizations, said in an interview. “It’s your classic case of an inefficient state company that held the monopoly, closed the market to any competition, and then was exploited by previous governments.”Rio’s government, teetering on the brink of fiscal collapse in recent years, pledged to privatize its water company in 2017 as part of an agreement for a federal bailout loan. It needs 32.6 billion reais ($7.8 billion) to fix its water problem, money the state’s Finance Secretary Luiz Claudio Carvalho says it just doesn’t have.Between protests and bureaucracy, privatizations often take years in Brazil -- previous governments averaged about 30 months to go through the steps of the process, according to Mattar, who’s at the helm of the administration push to sell off state assets. Cedae’s is nearly ready: The plan is to auction off a large part of the system by the end of this year. National state development bank BNDES has divided the state into four blocks, each one claiming a slice of Rio city, set to be the most profitable region for private investors by far. Licenses to operate the systems will run for 35 years, with revenue in Rio state estimated at 331.4 billion reais over the next decade, according to BNDES.“Quality investors are already showing a good amount of interest,” Fabio Abrahao, BNDES’s head of infrastructure, concessions and public-private partnerships, said in an interview. He described current conditions as “terrible.”In the meantime, in ritzier parts of the city, tourists are being warned to only use bottled water to brush their teeth and wash their faces.“We won’t drink caipirinhas because of the ice,” said Ximena de La Torre, 23, a visiting Argentine.In poorer neighborhoods, the burden is much heavier. Conceicao da Silva, a 36-year-old nanny, said she’s spending more than 10% of her take-home pay on clean water for herself and her seven-year-old son.“We’re buying bottled water to drink and cook,” she said. “But we have to shower with dirty water that’s not even good enough to wash clothes with.”\--With assistance from Murilo Fagundes and Rachel Gamarski.To contact the reporters on this story: Simone Iglesias in Brasília at email@example.com;Sabrina Valle in Rio de Janeiro at firstname.lastname@example.orgTo contact the editors responsible for this story: Julia Leite at email@example.com, Jessica BriceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The coronavirus disease broke in a crucial time as the Chinese Lunar New Year holiday will start from Jan 24 with hundreds of millions of people expected to travel to and from China.
Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China.
Travel and leisure stocks fell on Tuesday on reports that the China coronavirus outbreak had spread to the U.S. for the first time.
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF). The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China. United Airlines was down 5.3%, while Carnival Corp dipped 2.6%.
The International Monetary Fund trimmed its outlook for global growth. And Davos—the global financial fete—is under way in Switzerland. But it is the coronavirus in Asia that has stocks moving.
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
Bigger ships and instability in the Middle East will bring more cruise enthusiasts to Seattle this summer for Alaska trips, generating an estimated $14.5 million in statewide taxes.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The new facility will be for the future Carnival Mardi Gras ship, which will be the largest in the cruise operator's fleet.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...