Cruise stocks Carnival Corp., Royal Caribbean Cruises Ltd., and Norwegian Cruise Line Holdings Ltd. are off to a hot start in 2022, but the latest data from Bank of America highlights just how much the omicron variant of COVID-19 has derailed the cruise industry’s recovery in December. What Happened? Bank of America analyst Andrew Didora…
Cruise Spending Takes a Big Hit From Omicron, Analyst Says January Numbers Will Be Key for Industry
TSMC Sees Multi-Year Growth Ahead, to Boost Chip Spending in 2022
TAIPEI—Taiwanese chip firm TSMC expects strong growth to accelerate in coming years due to booming semiconductor demand, as the tech giant on Thursday reported a record quarterly profit and said it plans to spend at least a third more than last year. Soaring demand for semiconductors used in smartphones, laptops, and other gadgets during the…
Omicron and the Economy: Financial Markets Far Less Worried Than Canadian Provinces
The difference in reactions to Omicron has been stark between Canada’s provincial governments and governments in other countries. The financial markets have also tended to be far more sanguine.
Omicron and the Economy: Provinces’ Significant Concerns Not Reflected in Financial Markets
The difference in reactions to Omicron has been stark between Canada’s provincial governments and governments in other countries. The financial markets have also tended to be far more sanguine.
Infosys Q3 Sales Comes Ahead of Consensus, Raises FY22 Revenue Outlook
Infosys Ltd. reported third-quarter FY22 revenue of $4.25 billion, beating the consensus of $4.08 billion. The company’s Q3 performance represented sequential growth of 7.0 percent in a seasonally weak quarter and a year-on-year increase of 21.5 percent in constant currency. Large deal wins accelerated with TCV of $2.53 billion in Q3. Digital revenue grew 41 percent Y/Y to $2.48…
Is AMC Entertainment’s Stock Overvalued or Undervalued?
AMC Entertainment Holdings Inc shares have outperformed the S&P 500 in the past 12 months, generating a total return of 964.5 percent. AMC’s stock had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in AMC shares after its big run. Earnings A price-to-earnings ratio (PE) is one…
General Motors Takes On Carvana, Carmax With New Digital Retail Platform Targeting Used Car Sales
General Motors Co. on Tuesday introduced on a new digital retail platform that the automaker says will “elevate” the shopping and ownership experience of used cars. What Happened GM launched a website called CarBravo, which offers customers access to an expansive inventory of used vehicles, along with an omnichannel shopping experience and exclusive ownership benefits. “CarBravo…
Wealth Generated by Cryptocurrency and Hybrid Work Fuel Demand for Luxury Housing: Report
January 11, 2022
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The growing demand for luxury homes is being fueled by hybrid work and increasing wealth generated by cryptocurrency, according to Sotheby’s International Realty Luxury Outlook 2022 report published on Monday. The report, which looks at trends that are likely to shape the global high-end real estate market in the year ahead, was compiled by surveying Sotheby’s International Realty agents around the…
Technology Sector Leads Stocks Lower Again on Wall Street
Stocks fell and bond yields rose Monday, extending the market’s pullback last week, as investors shifted holdings in anticipation that the Federal Reserve will raise interest rates this year in its bid to lower inflation. The selling was broad, though by late afternoon the indexes had come above their lows from earlier in the day….
Bitcoin Will Outpace Stocks In 2022 Amid Fed Rate Hikes: Report
A recent analysis by Bloomberg’s Mike McGlone says Bitcoin (CRYPTO: BTC) is going to dominate the crypto market in 2022, despite the recent plunge. The report says Bitcoin is expected to surge and move towards the $100,000 mark this year, while Ethereum (CRYPTO: ETH) will break above the $5,000 mark. McGlone says Bitcoin withstood a massive drop and…
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