SS/RCCL Finances: Improving, Options, Questions??!!

[TLCOhio]

And, then, this morning, Royal Caribbean bounced back big, BIG time!!  Carnival and Norwegian were both up this am about 4%.  

 

From the Wall Street Journal, here is their RCL chart as of 10:38 am: 

 

Hard to predict and/or guess as to what happens next??

 

THANKS!  Enjoy!  Terry in Ohio

[Neilio]

RCL hitting on all cylinders. Generating huge cash and now restructuring debt. All you can say is wow. Happy Investor here!  GLTA

[TLCOhio]

On 8/6/2024 at 12:55 PM, Neilio said:

RCL hitting on all cylinders. Generating huge cash and now restructuring debt. All you can say is wow. Happy Investor here!  GLTA

 

Appreciate these great comments and smart follow-up from our neighbor in Virginia.  RCL is holding up better than Carnival and Norwegian.  Yes, RCL is working to restructure their major debt.  See below more recent details.   Glad you are a "Happy Investor".  

 

From below, here is the mid-day chart for this stock.  RCL has recovered somewhat from the major drops late last week and on Monday and continues up today.  But still, this stock is a long way from their late July 52-week highs.  

 

From the Wall Street Journal yesterday, they had this headline: “Royal Caribbean Group Enters Exchange Agreement on Convertible Bonds Due in 2025” with these highlights: “Royal Caribbean said it entered into exchange agreements with some holders of its 6.0% convertible bonds due in 2025.  The convertible bonds will be exchanged 'for a combination of cash and shares of the company's common stock', it said Tuesday.  The 2025 convertible bonds to be exchanged represent around $731 million of the outstanding principal amount.  'The [convertible bonds] due 2025 are deep in the money and by redeeming a portion of the notes with cash, Royal Caribbean reduces the ultimate dilutive impacts of a conversion,' CreditSights head of consumer goods, leisure, James Dunn, said.”

 

Full story at:

https://www.wsj.com/articles/royal-caribbean-group-enters-exchange-agreement-on-convertible-bonds-due-in-2025-463e6025

 

THANKS!  Enjoy!  Terry in Ohio

 

Canada 2022/2023: Scenic visuals, details from Canada Maritimes (Nova Scotia, New Brunswick, Prince Edward Island, Cape Breton Island).  Plus, new from Aug. 2023, exploring historic/charming Quebec City.    Visual/Info Summaries:

www.flickr.com/photos/196555480@N08/albums

 

As to the overall market, here is the WSJ chart for the broader S&P 500 as of late morning today.  Does this look very, very rocky?:

(Open your screen/viewer wider to see these visuals larger/better!)

[TLCOhio]

From the Wall Street Journal's sister publication of Barron's and MSN News today, they had this headline: “Theme Park Inflation Is a Win for Cruise Line Stocks” with these highlights: “Put off by high theme park prices? Try a floating one. J.P. Morgan reckons that cruises are 20% cheaper now than land-based alternatives, versus 10% to 15% cheaper in 2019. It predicts a market share shift in favor of cruising.”

 

Some big park operators such as at Disney World and Universal Studio are slowing price hikes and restoring some discounts and benefits due to consumers tightening their belts and not being willing to spend too much more due to inflation.  Here are added specifics from their reporting:  "This past week, Disney’s results for its fiscal third quarter showed meager growth in its Experiences division, which includes parks. Management foresees flat revenue and a small decline in operating profit there during the fourth quarter. Comcast (Universal Studio) reported weak results for its theme parks, too.  With theme park prices broadly up 37% since 2019, according to J.P. Morgan, there will be limited opportunity for companies to juice results by charging more."

 

For the cruise line industry, here is a key and interesting factoid benefiting their future positioning: "The outlook for cruising is brighter than that for theme parks.There are new ships, but not too many; capacity will increase 5.6% this year but only 2.3% next year."

 

Full story at:

https://www.msn.com/en-us/travel/news/theme-park-inflation-is-a-win-for-cruise-line-stocks/ar-AA1otkeW?ocid=BingNewsVerp

 

THANKS!  Enjoy!  Terry in Ohio

 

India to Singapore 2024: Live/Blog over 21,000 views with many visuals, including “Golden Triangle”, Japan, Sri Lanka, Thailand and Malaysia:

https://boards.cruisecritic.com/topic/2992045-live-terryohio-india-to-signapore-silver-moon-rising-pix’s/

[TLCOhio]

What a wild week for stocks during the past five days!!  What's next for the rest of this month?? 

 

From the Wall Street Journal, below are their charts for the three major cruise lines.  First, it shows for the most-recent five trading days.  Then, looking at these stocks for the most recent three-month period.  Also, a Viking chart at the bottom.  

 

Lots of ups and downs??  Why and how?

 

THANKS!  Enjoy!  Terry in Ohio

 

Love the Caribbean? Here are popular posts/links with Dominica having over 30,280 views. Much information for . . . .

Barbados:  https://boards.cruisecritic.com/topic/2179164-barbados-50th-birthday-our-pixs-experiences-feb2015/page/3/#comment-65530134Or, Dominica:  https://boards.cruisecritic.com/topic/2169714-dominica-love-our-experience-pictures-etc/page/3/#comment-66637276

 

From the Wall Street Journal, below are their charts for the three major cruise lines during the past five trading days.  Very different patterns with Royal Caribbean versus Carnival and Norwegian.:

(Open your screen/viewer wider to see these visuals larger/better!)

 

 

 

Covering the most recent three months, here has been the ups and downs for the three major cruise lines during this longer period as reflected in these Wall Street Journal charts.:

 

 

 

Here is a look at the "ride" for Viking during the past three months.:

 

[TLCOhio]

From the Wall Street Journal late yesterday, they had this headline: “Wall Street Ends Wild Week in a Surprising Place" with this sub-headline:  "Inflation data next week could lead to more big swings.”

 

Here are some of their reporting highlights with this below key summary chart: “Down, up, down, up—then up just a little more.  That is how the S&P 500’s wild week went, and the last gasp Friday brought it to just about where it started the week: up 12% for the year.  The sudden turbulence in markets this week shattered a summer lull that many traders had suspected wouldn’t last, after stocks had soared to hang at pricey new heights. Fueling the jumpiness in recent days: the unwinding of a popular trade and any bit of data that seemed to indicate whether a recession might finally be in the cards for the U.S. economy.”

 

And, here is what is coming next: "Traders’ attention will soon turn back to how inflation is faring, when the consumer-price index for July is released Wednesday. Retail sales will follow a day later."

 

Full story at:

https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-08-09-2024-97f0294f?mod=hp_lead_pos2

 

THANKS!  Enjoy!  Terry in Ohio

 

Lisbon vs. Porto?  Many different Portugal tips, options, ideas, visuals, etc. with more than 32,500 views at:   https://boards.cruisecritic.com/topic/2558841-lisbon-vs-porto-which-best/page/7/#comment-66782296

[TLCOhio]

From the Wall Street Journal this morning, they had this headline: “Boom in Travel Spending Has Slowed" with this sub-headline:  "Hotels and airlines expect Americans to partake in less leisure travel and pare down the trips they take in the months ahead.”

 

Much of the story focuses on hotels and airlines, but the point/threat/risk can also be  affecting the cruise industry during the coming months.  Here are more of their reporting highlights: “Signs of a slowdown are surfacing across the travel economy.  On recent earnings calls, hotel and travel company executives have pointed to lethargic domestic leisure demand from U.S. consumers. The word 'softness' came up 16 times combined on the calls of Expedia, Marriott, Airbnb and Hilton.   If they’re not scrapping a trip, many vacationers say they are trading down to cheaper accommodations. While higher income travelers still plan to jet abroad, others are cutting back to be more thoughtful about spending.”

 

Here is another key part of this report/analysis: "Travelers say they are giving priority to overall value and becoming more discerning with their bookings. Cruise lines, which have historically embraced more of an all-inclusive pricing model, have benefited from this mind-set, while some domestic hotels that rely on leisure travelers have struggled. Because people need to pay for essentials like food and housing before they spend on a vacation, travel is an important indicator for the economy."

 

Full story at:

https://www.wsj.com/lifestyle/travel/travel-spending-budget-hotels-flights-15c6d33e?mod=wknd_pos1&mod=wknd_pos1

 

THANKS!  Enjoy!  Terry in Ohio

 

Abu Dhabi vs. Dubai?  Many different UAE tips, options, ideas, visuals, etc., with more than 22,370 views at:  https://boards.cruisecritic.com/topic/2521493-abu-dhabi-vs-dubai-procon-factors/page/5/#comment-66634467

[TLCOhio]

From a Wall Street Journal-related financial news website over the weekend, they had this headline: “Last-minute cruise deals can save you money. Here’s who should jump on them — and who should steer clear." with this sub-headline:  "Cruises have grown in popularity as travelers seek cheaper vacation options.”

 

Here are some of their reporting highlights: “Americans are flocking to cruises — so much so that most of the bookings made in the past quarter are for voyages in 2025, cruise lines said recently. Demand is so high that some cruise lines, such as Royal Caribbean, have hinted that they could raise prices in 2025. While Americans may be cutting back on some travel spending, demand for cruises is still growing.  'The demand this year is really off the charts,' said Lee Lennon, a travel adviser and the owner of Miami-based Travel by Design. 'The cruise industry has really exploded again.'  Despite the high demand, there are still ways for travelers to grab a cruise reservation this year — while also getting a good deal.”

 

YES, there are "deals" and options out there.  Not sure that many late booking offerings are offered for Silversea sailings as these potentials are more likely to come up with the larger-ship, mass-market brands.  Various pro/con factors are outlined to consider for such late, more flexible offerings.  They note these bargain are more fitting for the "spontaneous cruisers".  The story details: "Booking a trip that’s less than a month or two away — sometimes even less than a week away — can result in big savings."

 

Anyone having had any luck with such late booking bargain through Silversea?

 

Full story at:

https://www.marketwatch.com/story/last-minute-cruise-deals-can-save-you-money-heres-who-should-jump-on-them-and-who-should-steer-clear-62f4b8c6?_gl=1*7dl3ky*_gcl_au*MTUwODYwOTU5MC4xNzIzMzE2Njk4*_ga*NzI5MzY4NzcyLjE3MTU4MDA4MzM.*_ga_K2H7B9JRSS*MTcyMzQ2OTEwNC4yLjEuMTcyMzQ2OTg0Mi41OC4wLjA.

 

THANKS!  Enjoy!  Terry in Ohio

 

Enjoy the Caribbean? Here are two popular posts/links with thousands of views with much info for . . . . Grenada   

https://boards.cruisecritic.com/topic/2179927-grenada-pixs-fun-experiences-jan2015/page/2/#comment-66823149

Or, Aruba:  https://boards.cruisecritic.com/topic/2178325-aruba-pixs-fun-experiences-feb2015/page/3/#comment-66677721

[fdnycruiser]

Hi Terry, sorry to interrupt your thread, but have a question. Have a friend going to Istanbul for a few days. I know that when you went you had a private guided tour which they’re looking for. Would you happen to have the name, pricing etc.Thank you in advance.

Bob

[TLCOhio]

1 hour ago, fdnycruiser said:

Hi Terry, sorry to interrupt your thread, but have a question. Have a friend going to Istanbul for a few days. I know that when you went you had a private guided tour which they’re looking for. Would you happen to have the name, pricing etc.Thank you in advance.  Bob

 

No problem, Bob.  Any question is a great one meriting a helpful response!!  Happy to share more.  

 

Our guide, Lale Kosagan, is still very active, doing tours, etc.  Been in touch with her and her husband several times in the past year or so.   Their website is 
www.toursinistanbul.com
Their two main e-mails are: kosagan@yahoo.com and kosagan@hotmail.com.

 

Here is a thread with many Istanbul visuals, news articles, background, local insights, etc.  

 

THANKS!  Enjoy!  Terry in Ohio

 

 

Edited August 13 by TLCOhio

[fdnycruiser]

Thanks Terry !  I wish I was going myself. 

[TLCOhio]

17 hours ago, fdnycruiser said:

Thanks Terry !  I wish I was going myself. 

 

YES, I'd like to be traveling with you and others for visiting Istanbul.  Great and interesting city with amazing history, character, architecture, food and culture.  Appreciate your question and follow-up.  

 

Major economic news this am!!  But what does it mean for consumers and the cruise line economics?  From the Wall Street Journal this morning, they had this headline: “Cooling July Inflation Sets Stage for Fed’s September Rate Cut" with this sub-headline:  "Report marks the first time the CPI edges firmly below 3% since early 2021.”

 

 

Above is their chart for the inflation rates in recent years.  Here are some of their reporting highlights: “U.S. inflation edged lower in July, extending a run of encouraging readings and likely sealing the case for the Federal Reserve to cut interest rates at its next meeting in September.  The consumer-price index rose 2.9% from a year earlier, the Labor Department said Wednesday. Economists surveyed by The Wall Street Journal had expected 3%.”

 

What about for the cruise lines??  They are down, down this morning.  See this below Royal Caribbean WSJ chart this am.  At one point today, RCL sunk to $150.47 before bouncing back up a little.  The other two cruise lines were down today on the stock market by a little wider margins.  Why?  Should not lower future interest rates cause more economic optimism?  

 

Full WSJ story at:

https://www.wsj.com/economy/central-banking/inflation-july-cpi-report-interest-rate-00cd3a84

 

THANKS!  Enjoy!  Terry in Ohio

 

Barcelona/Med: June 2011, with stops in Villefranche, ports near Pisa and Rome, Naples, Kotor, Venice and Dubrovnik. Great visuals with key highlights, tips, etc. Live/blog now at 260,420 views.

https://boards.cruisecritic.com/topic/1362155-solstice-livefirst-timer-reportspix’s-italycroatian-june-7-19/

[taxatty]

2 hours ago, TLCOhio said:

 

 

What about for the cruise lines??  They are down, down this morning.  See this below Royal Caribbean WSJ chart this am.  At one point today, RCL sunk to $150.47 before bouncing back up a little.  The other two cruise lines were down today on the stock market by a little wider margins.  Why?  Should not lower future interest rates cause more economic optimism?  

 

Terry--you follow and report on the stock markets as well as anyone I've seen. You know that logic too often has nothing to do with stock prices! 🙂 

[TLCOhio]

23 hours ago, taxatty said:

Terry--you follow and report on the stock markets as well as anyone I've seen. You know that logic too often has nothing to do with stock prices! 🙂 

 

Appreciate this kind follow-up from our travel friend in Miami.  Yes, it's fun following these stock/financial issues closely.  In part, since I do not own any investments with these cruise companies, it easier and less challenging than if my financial future was riding on the UPS and DOWNS of this stock market segment.  

 

YES, very wise insights as to how logic is not always the best driver of the stock prices.  Lots of emotions and other factors involved that defy logic and common sense.  Keep it coming, taxatty!!  

 

From the Wall Street Journal this morning, they had this upbeat headline: “Dow, S&P 500 Jump After Strong Retail Data" with this sub-headline:  "U.S. retail sales rose 1% last month, blowing past forecasts.”

 

Here are some of their reporting highlights: “Just how strong is the U.S. consumer feeling?  Retail sales grew by an unexpectedly robust 1% last month, data showed Thursday. And Walmart reported solid earnings, lifting its stock. Meanwhile, weekly jobless claims came in slightly below consensus forecasts.  Investors bid up stocks, and pushed down bond prices, as the new data points helped allay recent concerns about potential U.S. recession risk.  In Asia, the consumer is also a big theme. New reports showed retail sales picked up in China, while consumer spending helped lift quarterly growth in Japan.”   Here is the WSJ chart showing activities this week: 

 

As of mid-day Thursday, Royal Caribbean was up 3% and the other two cruise stocks rose up, UP by an even higher levels.  Sounds like consumer are continuing to be fairly confident and spending for the future.  Will it end up being a "soft" economic landing without a recession?? 

 

Full story at:

https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-15-2024?mod=hp_lead_pos1

 

THANKS!  Enjoy!  Terry in Ohio   

 

Norway Coast/Fjords/Arctic Circle cruise from Copenhagen, July 2010, to the top of Europe. Scenic visuals with key tips. Live/blog at 253,412 views.

https://boards.cruisecritic.com/topic/1172051-livesilver-cloud-norway-coastfjords-july-1-16-reports/

 

Edited August 15 by TLCOhio

[TLCOhio]

Royal Caribbean is in the financial news!!  Very positive as relates to consumers, their confidence and spending going forward.  

 

From the Wall Street Journal's sister publication of Barron's and MSN News this morning, they had this headline: “Big-Name Investors Are Betting on the American Shopper. Snap Up These 7 Stocks, J.P. Morgan Says.” with these highlights: “Some of the world’s best-known hedge fund managers made big bets on the American shopper last quarter.  Those big-name investors’ decision to snap up consumer stocks could pay off, given that worry about a U.S. recession is fading. Head of JP Morgan retailing Matthew R. Boss highlighted cruise line operator Royal Caribbean, which is up 24% this year. The Miami-based company already has a record number of bookings for next year, he said, and is likely to enjoy 'continued pricing power.'  J.P. Morgan’s price target of $210 implies the stock can jump another 31% from its current levels."

 

Full story at:

https://www.msn.com/en-us/money/companies/big-name-investors-are-betting-on-the-american-shopper-snap-up-these-7-stocks-jp-morgan-says/ar-AA1oUENc?ocid=BingNewsVerp

 

THANKS!  Enjoy!  Terry in Ohio   

 

Sydney to NZ/Auckland Adventure, live/blog 2014 sampling/details with many exciting visuals and key highlights.  On page 23, post #571, see a complete index for all of the pictures, postings.  Now at 252,464 views.

https://boards.cruisecritic.com/topic/1896175-solstice-live-australianzhawaii-many-pix’s-jan-20-feb-3/

[TLCOhio]

It has been a busy, fast-changing financial week.  And for the cruise stocks, their five days of trading can be summarized by me as "mixed" and varied. Reasonable summary? 

 

From the Wall Street Journal, below are their charts for the major cruise lines and some context over a longer period of time and compared to the wider, overall stock market trends. 

 

Reactions and predictions for the rest of the summer and into the fall?

 

THANKS!  Enjoy!  Terry in Ohio

 

Venice: Loving It & Why??!!  Is one of your future desires or past favorites? See these many visual samples for its great history and architecture.  This posting is now at 115,967 views.

http://boards.cruisecritic.com/showthread.php?t=1278226

 

For Royal Caribbean, here has been their many fluctuations during the past three months.  Lots of ups and downs?:

(Open your screen/viewer wider to see these visuals larger/better!)

 

For the past five trading days, here are the WSJ charts for the four major cruise lines.:

 

 

 

 

By contrast, the broadly-based S&P 500 was on a solid, up, UP path for this past week.:

[fdnycruiser]

Terry, my friends thank you for the guide referral in Istanbul and will be using them next month. They’re already impressed with the timeliness of communication, information etc. 

[fdnycruiser]

PS:   They let them know that you gave the reference 

[TLCOhio]

On 8/18/2024 at 5:02 PM, fdnycruiser said:

Terry, my friends thank you for the guide referral in Istanbul and will be using them next month. They’re already impressed with the timeliness of communication, information etc. 

 

Appreciate this great follow-up about connections in Istanbul.  Glad to hear things are working out.  Happy to be of any help for those exploring any parts of the world where we have experienced.  Fun sharing!  

 

From a financial news website and Yahoo News late last week, they had this headline: “Disney is betting big on cruises. This is why it needs to.” with these highlights: “Disney Cruise Line has big plans to expand its five-ship fleet.  The company plans to debut eight ships over the next seven years, including its first two in Asia.  Disney also launched its second private port, Lookout Cay at Lighthouse Point.”

 

Disney is not a direct competitor to Silversea, but they has a deep-pocketed owner with billions of dollars to spend.  New-builds and more cruise capacity does impact all of the cruise lines, especially when we do not know when the next economic slow-down . . . or recession . . . will hit.  

 

Maybe of interest, this story shared this expanding approach/focus for Asia; "Two of the eight ships would have their home ports in Asia, a first for the cruise company: Disney Adventure, scheduled to debut in Singapore in 2025, and another unnamed ship, set to be operated in Japan by Oriental Land Company, which runs Disney's theme parks in the country."

 

Full story at:

https://news.yahoo.com/news/disney-betting-big-cruises-142227384.html

 

THANKS!  Enjoy!  Terry in Ohio

 

Amazon River-Caribbean 2015 adventure live/blog starting in Barbados on the Silver Cloud for 26 days. Many visuals from this amazing river and Caribbean Islands (Dutch ABC's, St. Barts, Dominica, Grenada, San Juan, etc.).  Now at 76,449 views:

https://boards.cruisecritic.com/topic/2076101-live-amazon-river-caribbean-many-pix’s-terryohio/

[TLCOhio]

From the Wall Street Journal late this afternoon, below are the charts for the three major cruise lines during the past five trading days.  

 

WOW!!  What I big, BIG positive UPSWING today.  What was driving this major shift??  Interest rates to be cut?  

 

THANKS!  Enjoy!  Terry in Ohio

 

Athens & Greece: Visuals, details from two visits in a city and nearby with great history, culture and architecture.  Now at 69,101 views.

http://boards.cruisecritic.com/showthread.php?t=1101008

 

For the past five trading days, below are the charts for the past week.  Some differences this week as to how RCL moved versus the other two major companies?:

(Open your screen/viewer wider to see these visuals larger/better!)

 

 

 

By contrast, Viking had a very different past week of trading.:

 

For comparison, here is the broader, overall S&P 500 Index during this past week.:

[TLCOhio]

Much bubbling and happening involving Norwegian and their future finances, etc..  From MSN News and this financial news website earlier this week, they had this headline: “Norwegian Cruise Line Sails Into Troubled Waters As Financial Struggles, Bearish Trends Persist” with these highlights: “Norwegian Cruise Line Holdings has faced rough seas this year, with its stock down 13.02% year-to-date, a 6.32% decline over the past year, and a sharp 19.23% drop in just the past month.  The company's financial outlook is under pressure, and with significant industry headwinds on the horizon, investors are left questioning whether the worst is still to come.”

 

Here is more details and background from their reporting: "Norwegian Cruise Line’s financial position raises red flags. The company expects its net leverage to decrease by only 1.5 turns from 2023 to 2024. This modest improvement highlights potential difficulties in de-leveraging effectively.  Additionally, Norwegian may struggle to keep pace with its peers in terms of capacity growth. Competitors are projecting year-over-year decreases in capital expenditures, casting doubt on Norwegian's ability to meet market expectations."

 

Much technical data is shared in this analysis and they finish with this question: "Rough Seas Ahead?"

 

Full story at:

https://www.msn.com/en-us/money/companies/norwegian-cruise-line-sails-into-troubled-waters-as-financial-struggles-bearish-trends-persist/ar-AA1p8nGD?ocid=BingNewsVerp

 

THANKS!  Enjoy!  Terry in Ohio

 

AFRICA?!!?: Fun, interesting visuals, plus travel details from this early 2016 live/blog. At 57,249 views. Featuring Cape Town, South Africa’s coast, Mozambique, Victoria Falls/Zambia and Botswana's famed Okavango Delta.

www.boards.cruisecritic.com/showthread.php?t=2310337

[TLCOhio]

Is this another "angle" to consider before investing your money in Norwegian stock?  From another financial news website and Yahoo News two days ago, they had this headline: “Norwegian Cruise Line Holdings is largely controlled by institutional shareholders who own 67% of the company” with these highlights: “Significantly high institutional ownership implies Norwegian Cruise Line Holdings' stock price is sensitive to their trading actions.  A total of 18 investors have a majority stake in the company with 51% ownership.”

 

Is this good or bad?  Here is more from their report: "Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.  This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time."

 

Full story at:

https://finance.yahoo.com/news/norwegian-cruise-line-holdings-ltd-181207820.html

 

THANKS!  Enjoy!  Terry in Ohio

 

Kotor/Montenegro:  Various visual samples, tips, details, etc., for this scenic, historic location. Over 56,855 views.

http://boards.cruisecritic.com/showthread.php?t=1439193

[TLCOhio]

Ship building?  Doing well with future new cruise line orders?

 

From the Associated Press/AP newswire and MSN News earlier this week, they had this headline: “Germany pledges government will help rescue a troubled cruise ship maker” with these highlights: “Germany's government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty, Chancellor Olaf Scholz said Thursday.  Meyer Werft employs more than 3,000 people in Papenburg on the Ems river in northwestern Germany. The company has build 58 cruise ships so far, according to its website. It has run into financial trouble because it has had to pay much of the cost of building cruise ships up front. Scholz cited the consequences of the COVID-19 pandemic as one factor in its troubles. German media reported that the planned solution would involve the federal and state governments temporarily taking a stake in the company and financing a capital increase for the shipyard.”

 

We forget at times the cruise business has complicated finances, including for funding and building new ships.  

 

Full story at:

https://www.msn.com/en-us/news/world/germanys-scholz-pledges-that-his-government-will-help-rescue-a-troubled-cruise-ship-maker/ar-AA1pflKM?ocid=BingNewsVerp

 

THANKS!  Enjoy!  Terry in Ohio

 

Dubrovnik!  Visual samples, tips, details, etc., for this super scenic and historic location. Over 54,848 views.    

http://boards.cruisecritic.com/showthread.php?t=1439227

[TLCOhio]

From this financial news website and MSN News yesterday, they had this headline: “A booming stock market isn't stopping bears from sounding the alarm on a potential crash.”

 

Here are some of their reporting highlights: “Bearish strategists are warning of a potential stock market plunge as the economy cools down.  Indicators like the Sahm Rule and job market weakness suggest a looming recession, the bears say.  One strategist predicts that a recession could cause a 70% stock market decline amid lofty valuations.  While the stock market doesn't seem to care about these predictions as the S&P 500 is less than 1% away from hitting record highs, there's still plenty to be worried about, according to Wall Street's biggest bears.  Billionaire investor Mark Mobius told CNBC this week that the decline in M2 money supply since it peaked in 2022 represents the largest drawdown in the total money supply in nearly a century.”

 

Are you a "Bear" or "Bull"??

 

Full story at:

https://www.msn.com/en-us/money/markets/a-booming-stock-market-isnt-stopping-bears-from-sounding-the-alarm-on-a-potential-crash-heres-what-theyre-worried-about/ar-AA1poPKK?ocid=BingNewsVerp

 

THANKS!  Enjoy!  Terry in Ohio

 

Lisbon, NWSpain, Bordeaux/Brittany: Live/blog, June 2017 from Portugal to France along scenic Atlantic Coast on the Silver Spirit.  Now at 36,018 views.  Many pictures, details for history, food, culture, etc.:

www.boards.cruisecritic.com/showthread.php?t=2511358

[TLCOhio]

Royal Caribbean is up, UP big-time this morning.  Much above other stocks today.  Long-term trend?  What driving this jump?  Getting closer now to their 52-week high.  

 

THANKS!  Enjoy!  Terry in Ohio