Friday, February 26th, 2021
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Investors eye shares of hotels, cruise lines as U.S. vaccinations pick up

Tourists ride inside a vintage car as they pass by the Norwegian Sky cruise ship

REUTERS, FEBRUARY 13, 2021 NEW YORK (Reuters) – Investors are watching next week’s earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indications of which companies could be the first to bounce back when the pandemic recedes. For nearly a year, money managers have largely looked past earnings in the travel and …

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Exclusive: Dems set to back $50 billion+ for transportation sector

Passenger airplane tails

REUTERS, FEBRUARY 8, 2021 WASHINGTON (Reuters) – Democrats in the U.S. Congress are to release a sweeping plan on Monday to provide more than $50 billion in additional assistance to U.S. airlines, transit systems, airports and passenger railroad Amtrak and create a $3 billion program to assist aviation manufacturers with payroll costs, according to documents seen by Reuters and sources …

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Pandemic pushes Exxon to historic annual loss, $20 billion cut in shale value

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil

REUTERS, FEBRUARY 2, 2021 HOUSTON (Reuters) -Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and reduced the value of the company’s shale gas properties by more than $20 billion. Exxon last year slashed spending on new projects by nearly a third, outlined plans to cut up to 15% of its workforce …

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California Water Futures Begin Trading Amid Fear of Scarcity

Men filling buckets with water

BLOOMBERG, DECEMBER 7, 2020 Futures on California water index launched by CME Group | Contracts seen useful for farmers, cities to hedge water risk By Kim Chipman for Bloomberg – Water joined gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world. Farmers, hedge funds and municipalities …

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Lucky fisherman finds blob of whale poop worth $3.2 million

Thai man holding large chunk of ambergris.

PortandTerminal.com, December 1, 2020 BANGKOK –  A lucky Thai fisherman has found what is believed to be the world’s biggest blob of Ambergris, a fancy word for whale poop, worth an estimated $3.2 million. The chunk he found weighed almost 220 lbs, conceivably making it one of the greatest deposits of the whale secretion that has ever been discovered. Ambergris Some …

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MONEY: What Are Investors Saying About Carnival Cruise Lines? -InvestorPlace.com

Cruise ship

PortandTerminal.com, November 26, 2020 At the bottom and time to buy? Carnival and the cruise industry overall are in a very difficult spot. This is what one investment website has to say about their stock. NEW YORK – InvestorPlace.com featured Carnival Cruise Lines in an article yesterday titled “Investors Should Desert the Sinking Ship That Is Carnival Cruise Lines”. It …

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Gulfport files for bankruptcy: Warned in August might not survive

Gulfport Energy Corp headquarters

BLOOMBERG, NOVEMBER 14, 2020 Natural gas producer’s liabilities totaled about $2.5 billion | Company had warned in August it might not be able to survive By David Wethe for Bloomberg – Gulfport Energy Corp. filed for bankruptcy, joining a slew of U.S. oil and gas companies that are collapsing after the pandemic deepened their struggle with low prices and too much debt. …

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MONEY: Wall Street Is Not Overly Worried Trump Can Overturn Election

A street sign for Wall Street is seen outside the New York Stock Exchange

REUTERS, NOVEMBER 11, 2020 Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. NEW YORK (Reuters) – U.S. stock investors have expressed concerns that President Donald Trump’s effort to contest the U.S. election without evidence could roil markets temporarily, but few appeared seriously worried that challenges to the results will …

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EXCLUSIVE: Macquarie in exclusive talks to buy Italy’s biggest independent gas storage facility

Bronze plaque reading Macquarie on building. Pedestrian in suit passing by

REUTERS, NOVEMBER 11, 2020 MILAN (Reuters) – Australia’s Macquarie is in exclusive talks to buy Italy’s biggest independent gas storage facility for more than 1 billion euros ($1.2 billion) but will need government clearance before clinching any deal, three sources close to the matter said. Ital Gas Storage, 92.5% owned by Morgan Stanley Infrastructure Partners, will have a capacity of …

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