Month: May 2020

Carnival Corp (CCL) is already enjoying a surge in cruise bookings, indicating that demand remains strong despite the coronavirus pandemic.After the company announced this week it would restart some cruises in August, Cruise Planners’ Carnival bookings spiked 600% compared to the previous 3 days before the news, reports TMZ.This represents a 200% increase over the same time period in 2019 – before the coronavirus pandemic even struck- points out TMZ, which spoke to Cruise Planners’, an American Express travel franchise.According to the travel company, customers are “not a bit concerned about traveling at this time” with many looking to have …read more […]

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May.11 — Investors remain “pretty wary” despite the bounce in equity markets, according to Julian Chillingworth, chief investment officer at Rathbones. European markets in particular “could well be spooked” if coronavirus infections start to increase again, Chillingworth says in an interview on “Bloomberg Markets: European Open.” …read more […]

Sales of Tesla’s (TSLA) Model 3 sedan in China plunged 64% in April vs March, according to new figures from the China Passenger Car Association (CPCA) CNBC reports.Specifically, Tesla sold 3,635 Model 3 cars in April, a significant decrease from the 10,160 vehicles sold in March. This means that Tesla has now sold 19,705 Model 3 cars in China since the beginning of the year.However, while sales fell, demand in China for electric vehicles rose. The country experienced a 9.8% increase in electric car sales from March to April, the CPCA found. The industry association also says that auto demand …read more […]

Britain’s easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees. British Prime Minister Boris Johnson said on Sunday that a quarantine would soon be needed for people coming into this country by air to prevent a second peak of the coronavirus pandemic. The new rules, which airlines have been told will be a 14-day quarantine period for most people arriving from abroad, are likely to deter people from travelling. …read more […]

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]