The U.S. Stock Market Crash Will Bankrupt These 3 Companies
Coronavirus is plauging the stock markets, pushing Royal Caribbean Cruise, American Airlines and Occidental Petroleum close to bankruptcy.
This year has turned out to be a roller coaster ride for the U.S. stock market. As the coronavirus pandemic continues to devastate the global economy, Royal Caribbean (NYSE:RCL), American Airlines (NASDAQ:AAL), and Occidental Petroleum (NYSE:OXY) could go belly up.
Having lost more than half of its value over the past year, Royal Caribbean Cruise bounced back Tuesday on hopes of a bailout. But President Trump’s assurances to cruise line companies won’t matter for Royal Caribbean.
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CCN by Ayush Singh. Published March 11th, 2020.