Norwegian Cruise Lines raises doubts it can continue as a ‘going concern’

Alejandro Arrieche

Norwegian Cruise Line Holdings said there is “substantial doubt” about its ability to continue as a “going concern” due to handbrake the coronavirus pandemic had slapped on the travel industry. The New York-listed group added that it may need to seek bankruptcy protection if it cannot line up hundreds of millions of dollars from investors…

HSBC: Dollar, yen and Norwegian krone among currencies to flourish in post-virus recovery

Galina Mikova

HSBC is backing the US dollar as well as currencies such as the  Japanese yen and even the Norwegian krone to perform well amid the coronavirus pandemic. The UK-listed bank’s head of global foreign exchange strategy David Bloom said it had different plans in the event of L-, U- and V-shaped recoveries, emphasizing that analysts…

Uber and Lyft earnings previews: Rough road ahead

Galina Mikova

Ride-sharing companies Uber Technologies, Inc. (UBER) and Lyft, Inc. (LYFT) are scheduled to report earnings this week, following what has been a dismal first quarter due to the coronavirus pandemic. Both are burning through cash at a rapid pace, with neither posting a profit since becoming public companies. Uber is scheduled to report on Wednesday,…

Teeka Tiwari 5 Coins to $5 Million: Legit or Scam Masterplan?

Adam Green

In 2015, Teeka Tiwari published a blog post predicting that the price of Bitcoin would hit $20k by the end of 2017. True to his predictions, BTC was trading at $19,650 by December 2017. In early 2018, he warned investors of price corrections and the same followed with Bitcoin losing nearly 80% of its value….

Airline stocks

Warren Buffett dumps airlines, looks for new options

Siraj Sarwar

Warren Buffett, the chief executive of Berkshire Hathaway, says he pulled out all of the stock investments from four airlines as the investment firm reported a $50bn loss in the first quarter. Speaking at the annual shareholders’ meeting, the world’s most famous investor said he was wrong about airlines and claims that the world has…

Airbus

Airbus faces ‘gravest crisis in aerospace industry’, racks up €481m loss

Siraj Sarwar

European planemaker Airbus reported a loss of €481m for the first quarter with its boss adding the firm was “facing the gravest crisis in the aerospace industry has ever known”. Airbus was unable to deliver 60 planned planes in the quarter as airlines asked it for delays, and said it expected the same problem to continue…

Chevron

Chevron Earnings Preview: Profits tumble as virus slowdown takes its toll

Siraj Sarwar

Chevron Corporation (NYSE: CVX) is scheduled to announce first-quarter earnings results on Friday, 1 May, before market open that will demonstrate the toll three months of price wars and lockdowns have taken on the business. The San Ramon-based group is expected to post earnings down 14% to $30bn from a year ago following the oil…

Interactive Investor Review for 2020

Nica

Are you looking for more information about Interactive Investor? Interactive Investor is one of the stock brokers that you can rely on. Established in 1995, it is an online investment and brokerage service provider. It is licensed and regulated by the Financial Conduct Authority (FCA) in the UK. Below is our comprehensive analysis of Interactive…