Cruise stocks lead S&P 500’s losers after Royal Caribbean’s $1 billion in stock, debt offerings


Getty Images

Shares of cruise companies took a beating Tuesday, with Royal Caribbean Group hit the hardest after announcing a total of $1 billion worth of public stock and private convertible debt offerings, and providing a bookings update.

Royal Caribbean’s stock
RCL,
-13.66%

dove 13.2% in afternoon trading, to pace all of the S&P 500 index’s
SPX,
-0.62%

decliners. The stock is on track for the biggest one-day decline since it tumbled 14.3% on June 11.

Trading volume jumped to 14.8 million shares, or more than double the full-day average of about 6.2 million shares, according to FactSet.

The stock’s selloff also weighed on Royal Caribbean’s peers, as shares of Norwegian Cruise Line Holdings Ltd.
NCLH,
-8.85%

dropped 7.3% to be the second-biggest S&P 500 loser, and Carnival Corp.
CCL,
-7.69%

slid 7.2% to be the third-biggest decliner.

Royal Caribbean said before the open that it had commenced a public

Read More

Hornet sting, birdies take Hudson Swafford to lead at PGA Tour’s Corales Puntacana Resort and Club Championship

PUNTA CANA, Dominican Republic — A hornet sting early and a bunch of birdies late carried Hudson Swafford to a 5-under 67 on Friday for a two-shot lead going into the weekend of the Corales Puntacana Resort and Club Championship.

Joining him in the final group will be Sean O’Hair, who missed an entire year with a torn oblique and returned just in time for the COVID-19 pandemic to shut down golf.

Swafford played in the morning when it was humid along the Caribbean Sea but without much wind. He started on the back nine and it was largely uneventful, except for that hornet that stung him on the joint of his pinky finger while he reached for his putter after playing one hole.

“It started swelling up, so I was just kind of rubbing ice on it after tee shots for the first five, six holes on the back

Read More

Covid-19 cases on India flights lead to some travel curbs, South Asia News & Top Stories

The arrival of coronavirus-infected passengers on flights from India remains a concern for other countries at a time when the Indian government is attempting to augment international air passenger traffic through bilateral travel bubbles.

This week, Saudi Arabia, a key destination for Indian migrant workers, suspended air travel from India amid concerns of potential imported cases.

This development comes after two airlines – Air India and Air India Express – were handed temporary bans last week by the authorities in Hong Kong and Dubai for flying in Covid-19 positive passengers to these two cities.

Hong Kong barred Air India for a fortnight until Oct 3, after one of its flights to the city last Friday carried six infected passengers.

This is the second time the authorities in Hong Kong have banned Air India. A similar two-week suspension order was handed out to the airline last month, after it flew 14

Read More

Straka in four-way tie for Corales Puntacana Resort and Club Championship lead

Sepp Straka is among four players tied for the one-stroke lead following the opening round of the Corales Puntacana Resort and Club Championship.

Straka carded a seven-under-par 65 and he was joined by Scott Harrington, Hudson Swafford and Tyler McCumber atop the leaderboard in Punta Cana in the Dominican Republic on Thursday.

A Web.com Tour champion but eyeing his maiden PGA Tour title, Austria’s Straka was flawless on day one following an eagle and five birdies at Corales Golf Club.

Straka was the only player among the leaders to go bogey-free through 18 holes heading into Friday’s second round.

Zhang Xinjun and Joseph Bramlett are tied for fifth, while Ricky Barnes, Cameron Percy, Justin Suh, David Hearn, Kyle Stanley, Sean O’Hair, Jamie Lovemark, Brian Stuard, Patrick Rodgers and Ryan Brehm are a shot further back.

American Kelly Kraft enjoyed a stunning finish to his round, going eagle-par-eagle – including a

Read More

Lightning Cruise Past Stars to Take 2-1 Stanley Cup Final Series Lead | Bleacher Report

FILE - In this Feb. 17, 2020, file photo, Tampa Bay Lightning center Steven Stamkos (91) skates during the second period of an NHL hockey game in Denver. Columbus defenseman Seth Jones, Pittsburgh forward Jake Guentzel and Tampa Bay captain Steven Stamkos would’ve missed some or all of the playoffs if they started in April. Instead, the silver lining of the COVID-19 pandemic halting the season is those players are healthy and ready to contribute.   (AP Photo/David Zalubowski, File)

David Zalubowski/Associated Press

The Tampa Bay Lightning defeated the Dallas Stars 5-2 in Game 3 of the Stanley Cup Final on Wednesday to take a 2-1 lead in the best-of-seven series.

Lightning center Steven Stamkos, who had not played since Feb. 25 due to injury, scored a goal despite taking the ice for just 2:47.

Tampa Bay led 2-1 after one period before scoring three unanswered second-period goals. 

The Lightning have won two straight after beating Dallas 3-2 in Game 2. The Stars earned a 4-1 win in Game 1.

             

Notable Performances

Lightning RW Nikita Kucherov: 1 goal, 1 assist

Lightning C Brayden Point: 1 goal, 1 assist

Lightning LW Ondrej Palat: 1 goal, 1 assist

Lightning C Steven Stamkos: 1 goal

Lightning G Andrei Vasilevskiy: 22 saves on 24 shots

Stars D Miro Heiskanen: 1 goal

Stars C Jason Dickinson: 1 goal

Stars G Anton Khudobin: 24 saves on

Read More