LA Rental Hits $40,000 a Month as Fires Roil Housing Market
  • January 14, 2025

LA Rental Hits $40,000 a Month as Fires Roil Housing Market

(Bloomberg) -- Los Angeles already had a housing affordability crisis before devastating wildfires burned entire neighborhoods to the ground. The disaster is making it worse. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesIncoming calls at LA Estate Rentals, which manages and leases homes in some of the area’s costliest neighborhoods, have jumped to 500 a day, more than 10 ti

Carnival (CCL) Is Emerging from Uncertain Market Waters Stronger
  • January 14, 2025

Carnival (CCL) Is Emerging from Uncertain Market Waters Stronger

As the cruise sector sets sail in 2025, investors will be feeling a lot more confident than they did just five years ago, when revenues were cut to zero overnight as lockdowns and pandemic restrictions kicked in. However, many of these companies have seen strong recoveries since then, and I expect Carnival (CCL) to keep its momentum going for quite some time to come. With strong demand levels, a solid-looking balance sheet, and further improvements in the pipeline, I’m bullish. Considering the I

Mastercard Is Fairly Valued And Lacks An Identifiable Catalyst; Analyst Downgrades Stock
  • January 14, 2025

Mastercard Is Fairly Valued And Lacks An Identifiable Catalyst; Analyst Downgrades Stock

Seaport analyst Jeff Cantwell downgraded Mastercard Incorporated (NYSE:MA) to Neutral from Buy rating, with a price target of $521. The analyst writes that he continues to like Mastercard’s story but views the shares as fairly valued at this point. Revenue upside in 2025 appears more limited due to its higher international exposure compared to Visa, and Mastercard lacks an identifiable catalyst, adds the analyst. Last year, the analyst favored Mastercard over Visa. However, this year, the analys