— Shares of cruise-lines tumbled after Nomura Instinet said Hurricane Dorian, one of the most powerful Atlantic hurricanes on record, could have an impact of 5 cents per share for the current quarter. Royal Caribbean fell 2%, Norwegian Cruise Line tumbled 1.9% and Carnival dipped 1.8%.— The furniture and home appliance retailer's stock soared 18% after reporting strong second-quarter earnings. The company reported earnings per share of 62 cents, which was up 11 cents above estimates.
— Shares of the craft brewing company fell 6% after analysts at Jefferies downgraded the company to underperform from hold, suggesting growing competition in alcoholic seltzer drinks. Jefferies cut the brewing company's price target to $332 per share from $360.
Every conservative knows corporate debt is the elephant in the room. Add to that insane student debt, crazy car loans, retail mall debt, and unnecessary government debt from the giant gift to rich people from the GOPTaxScam, and the economy becomes a disaster waiting to happen.
After the GOPTaxScam came into effect in Jan 2018, stock markets have seen ZERO gains and lots of volatility. As always Republicans recklessly gave free money to the rich, increasing debt and volatility and the chances of a StockMarket crash. Graph: DowJones after TaxScam:
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