Unlike its customers, Carnival Corp. CCA -4.77% shareholders should focus on the destination, not the journey. Many expected the world’s biggest cruise line to be profitable again three years after the Covid-19 pandemic hit with much of the tourism and leisure sector booming. They will have to wait a little longer for this very capital-intensive … Read more
Text size These reports, excerpted and edited by Barron’s, were recently published by investment and research firms. The reports are a sample of the analysts’ thinking; they should not be considered Barron’s opinions or recommendations. Some of the issuers of the reports have provided, or expect to provide, investment banking or other services to the … Read more
A normally calm corner of the financial markets – preferred stocks – was rocked by the foreclosures of Silicon Valley Bank and Signature Bank, and that created opportunities for investors. Preferred shares are a senior form of stock whose dividends come before those of common stock. However, bank-issued preferred shares account for about two-thirds of … Read more
Electric vehicle manufacturer Rivian Automotive Inc. SHORE -0.66% is moving parts of its manufacturing engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced soon and will require a significant portion of the engineering … Read more
Jonathan Amy, a 74-year-old semi-retired neurologist in McLean, Va., is still awaiting a refund of nearly $10,000 on his 2020 taxes. His accountant electronically filed his extension statement in September 2021 and received a notification of acceptance from the Internal Revenue Service. Finally, last month, Mr. Amy contacted the Taxpayer Advocate Service, an independent watchdog … Read more
““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and … Read more
Hawaii is one of the most lucrative states to own a home when it comes to home equity, according to a recent Vanguard report. iStock It is certainly advantageous to own a house before reaching the golden age. About 80% of Americans age 60 and older are homeowners, with real estate wealth accounting for about … Read more
Dear Marketwatch, I am 38 years old and I wonder if I will ever be able to retire. In 2020, I bought a house for $649,000 with a 25% down payment. In 2022 I sold it for $1.3 million, took that money and reduced the cash payment. My total monthly housing expenses are still $1,500 … Read more
The federal bailout of Silicon Valley Bank depositors was staged with historic speed and may have saved the US economy from a devastating wave of bank failures, but it also highlights the potential need for a radical overhaul of the system. American Deposit Insurance and Banking Regulation. more generally. During a hearing before the Senate … Read more
I bought a stock when it went public last year. A major brokerage was the underwriter and had a price target of $30 on the stock. I thought it was a good idea to buy the stock at $18 because I thought it would go to $30. The stock yesterday was trading below $1. How … Read more
