Cruise stocks fall as BofA sees modest softness in prices

Cruise line stocks Royal Caribbean (NYSE:RCL), Carnival Corp. (NYSE:CCL), Norwegian Cruise Line (NYSE:NCLH), and Viking Holdings (VIK) declined Friday after Bank of America analysts said in a note that they see modest softness cruise prices. RCL declined more than 5%, while CCL is down over 8%. In addition, NCLH has dropped over 7%, and VIK has fallen […]

TSX rallies as RBC notches biggest gains in four years

Canada’s main stock index rebounded on Thursday as Royal Bank of Canada reported stronger than expected earnings to round out a mixed results season for Canada’s big six lenders, and U.S. data supported prospects of Federal Reserve interest rate cuts. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab ended up 173.73 points, or 0.79%, at 22,071.71, […]

Tempus AI Prices 11.1M Share IPO at $37/sh

Tempus AI, Inc. (TEM) today announced the pricing of its initial public offering of 11,100,000 shares of its Class A common stock at a public offering price of $37.00 per share. All of the shares of Class A common stock are being offered by Tempus. The gross proceeds to Tempus from the offering, before deducting […]

China’s Alibaba is courting European and U.S. small businesses as it goes global

BEIJING — Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe. Alibaba.com — the company’s business-to-business platform which sells to companies outside China — announced Thursday it’s launching “Alibaba Guaranteed” to provide greater certainty on delivery, payments and dispute settlement. The platform is […]