No Picture
Trading Ideas

Carnival Expects to Burn $650 Million a Month While Cruise Operations Are Paused

Carnival Corp., the world’s largest cruise company, gave no clarity about when it will cruise again in a company filing released to investors on Thursday. During the company’s second quarter, which ended on May 31, it saw a net loss of $4.4 billion, or $6.07 earnings per share, preliminary results show. It is accelerating plans […] …read more […]

No Picture
Trading Ideas

Carver Bancorp (Nasdaq: CARV) Stock Soars

The last few weeks in America have been full of civil unrest. But could civil unrest lead to some big profits on Wall Street? If you look at Carver Bancorp. (Nasdaq: CARV) stock, they already have.
Carver Bancorp. more than doubled its price on Wednesday. An increased interest in black-owned businesses spurred the price increase as Black Lives Matter protests continue in the United States.
What is Carver Bancorp. and why did the Black Lives Matter movement and the #BuyBlack hashtag cause its stock price to move so dramatically yesterday?

What Is Carver Bancorp. (Nasdaq: CARV) Stock?
Carver Bancorp. is the holding company for …read more […]

No Picture
Trading Ideas

Carnival Posts $4.4B Quarterly Loss Sending Shares Down 7% In Pre-Market

Carnival Corp (CCL) posted a preliminary $4.4 billion loss in the second quarter as the coronavirus pandemic has forced cruise ship companies to halt operations and suspend cruises.Shares dropped 6.9% to $17.77 in pre-market trading after the world’s biggest cruise operator warned that it expects a net loss on both a U.S. GAAP and adjusted basis for the second half of 2020. Carnival expects the monthly average cash burn rate for the second half of the year to amount to about $650 million and said that it was also planning to accelerate the sale of more ships.Revenue in the second …read more […]

No Picture
Trading Ideas

Wirecard Delays Report Again Due to Missing $2.1 Billion

(Bloomberg) — Wirecard AG delayed the publication of its annual financial results for the fourth time after auditors were unable to find about 1.9 billion euros ($2.1 billion) in cash, causing analysts to question liquidity at the German payments firm. The shares collapsed.Ernst & Young was unable to confirm the location of the cash balances in certain trust accounts, and there was evidence that “spurious balance confirmations” had been provided, Wirecard said in a statement on Thursday. That’s about a quarter of the consolidated balance sheet total, Wirecard said.“It is currently unclear whether fraudulent transactions to the detriment of Wirecard …read more […]