These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

Royal Caribbean Group stock falls Monday, underperforms market

Shares of Royal Caribbean Group RCL, -1.29% slide 1.29% to $34.42 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.13% rising 0.13% to 3,966.84 and the Dow Jones Industrial Average DJIA, +0.28% rising 0.28% to 31,990.04. This was the stock’s third consecutive … Read more

Carnival Stock Falls as Share Sale Causes ‘Panic.’ What’s Worrying the Market.

Text size Cruise liners were given a boost earlier this week after the Centers for Disease Control and Prevention lifted more Covid rules for ships. Daniel Slim/AFP via Getty Images Carnival stock was tumbling Thursday after the company said it would sell $1 billion of new stock just months after raising $1 billion dollars by … Read more

FedEx suspending Sunday residential delivery in some markets

FedEx Corp. FDX, -0.16% is suspending Sunday residential delivery in certain US markets starting next month, a move that comes amid pleas from its independent contractors in recent months for more compensation and a moderation in package volumes. The service cutback for FedEx Ground starts the week of Aug. 15 and is targeted for areas … Read more

The Dangerous Chemicals Lurking Inside Shipping Containers

For their study, Hinz and her colleagues enlisted the help of the New Zealand customs authority. Staff used probes, which they pushed through the rubber seals of the container doors, to collect gas samples from 490 sealed containers. Hinz also gathered air samples from dozens of other containers itself, tracking how the concentrations of compounds … Read more

The housing market slowdown is showing up in shipping data from China

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across … Read more

Just keep your returns: Target, Walmart, other stores weigh paying you not to bring back unwanted items

The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them. In recent weeks, some of the biggest store chains, including Target, Walmart, Gap, American Eagle Outfitters and others have reported in their latest earnings calls that they have … Read more

Shipping container shortage sends cotton industry ‘back to the future’

Australia’s cotton industry is about to experience a blast from its past, with more than 100,000 bales being exported next month to Turkey via break bulk shipping. Like most of the world’s goods that are exported by sea, cotton normally gets put inside shipping containers. But a global shortage of containers and general issues around … Read more

The IPO Market Has Gone Cold. Getting It Going Again Is Likely To Take Some Time.

Elias Stein Text size The queue for initial public offerings is long, over 300 companies long. But precious few are proceeding: By June 17, only 47 companies, valued at $ 4.6 billion, had undergone traditional IPOs in 2022—74% below the same period in 2021, notes Dealogic. Most of the 47 have been tiny. Larger IPOs, … Read more

Norwegian Cruise Line Holdings Ltd. stock rises Friday, outperforms market

Shares of Norwegian Cruise Line Holdings Ltd. NCLH, + 15.36% climbed 15.36% to $ 13.22 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, + 3.06% rising 3.06% to 3,911.74 and the Dow Jones Industrial Average DJIA, + 2.68% rising 2.68% to 31,500.68. … Read more