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Insider trades for this week by Investing.com

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The CEO of Fisker, in a show of confidence, acquired another company’s quarter-million-dollar stock in the wake of a recent short report. Here are all of the biggest insider trades of the past week, as first reported InvestingPro+.

The CEO of Fisker Inc (NYSE: Henrik Fisker) bought 33,700 shares On 12/05/22 at a price of $7.4177. The purchase value was about $250,000. After the purchase, Fisker directly owned 629,218 and another 229,000 indirectly.

The purchase follows a report from short seller Fuzzy Panda Research that claimed the EV company did not disclose restrictions on its cash balance. Citing unnamed former employees, Fuzzy Panda said the “vast majority” of the $825 million in cash reported at the end of the third quarter from Fisker is in undisclosed bank guarantees protecting Magna Steyr, the contractor that builds its cars. Fisker called the allegations untrue, saying in a statement that “Magna has no bank guarantee.”

Stocks fell 3.2 percent for the week.

G-III Apparel Group (NASDAQ: Morris Goldfarb) bought 250,000 shares on 12/05/22 at $12.54, which sent the stock higher. The purchase value was over $3.1 million.

In the previous week, KeyBanc cut its G-III price target to $17 from $27 previously, and after the purchase Barclays cut it to $13 from $18. G-III shares rose 7% for the week to $13.40.

Topgolf Callaway Brands (NYSE:) has seen a number of insider buys:

  • CEO Oliver Brewer purchased 10,000 shares on 12/05/22 at $21.29 – $21.88
  • Chief Financial Officer, Brian Lynch, purchased 10,000 shares on 12/05/22 at $21.6422

Stocks rose partially during the week.

Comscore Inc (NASDAQ:) director William Paul Livek bought 50,000 shares On 12/08/22 at $1.17. The shares lost 12.5% ​​for the week.

Six Flags Corporation (NYSE: Entertainment CFO Gary Mick) has purchased 9,500 shares From 12/09/22-12/07/22 at prices from $21.16 to $22.28. Shares fell 9.5% for the week.

Stryve Foods Inc (NASDAQ:) CEO Christopher Poivre has bought 88,316 shares. on 12/02/22 at $0.86. Shares fell 11.9% for the week.

Michael Elkins contributed to this report.

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Red Flags That Your Spouse Is Hiding Money (And What To Do About It)

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Marriage can be hard enough without one spouse hiding money from the other.

When financial infidelity occurs in the form of “hidden cash,” a marriage or a live-forever relationship can easily be ended.

The truth is About 30% of American couples suffer from financial infidelity. Other evidence shows that more than 75% of couples describe the hidden money situation as negative and common 10% of these scenarios end in divorce.



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US judge orders Norwegian Cruise Line to pay $110m for use of Cuba port By Reuters

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© Reuters. Norwegian American Airlines cruise ship Marina arrives in Havana Bay, Cuba on March 9, 2017. REUTERS/Alexander Meneghini/File/File Photo

Written by Brian Ellsworth

MIAMI (Reuters) – Norwegian Shipping Line (NYSE) has to pay $110 million in compensation for the use of a port confiscated by the Cuban government in 1960, a US judge said Friday, marking a significant milestone for Cuban Americans. Who are seeking reparations for the Cold War era. Assets confiscation.

The decision by US District Judge Beth Bloom in Miami follows her decision in March that use of the Havana Cruise Terminal constituted smuggling of forfeited property belonging to the plaintiff, Delaware-registered Havana Docks Corp.

The decision read: “The judgment is made in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd.”

“The plaintiff was awarded $109,848,747.87 in damages,” it says, adding that the Norwegian must also pay an additional $3 million in legal fees and costs.

Norwegian Cruise Line did not immediately respond to a request for comment.

Cuban President Miguel Diaz-Canel has sharply criticized the Helms-Burton Act, calling it an extraterritorial violation of international law.

Havana Docks also sued Carnival Cruise Lines (NYSE: ), Royal Caribbean (NYSE:) and MSC under the Helms-Burton Act, which allows US citizens to sue over the use of property seized in Cuba after 1959.

The ruling could fuel more lawsuits by Cuban exiles pursuing claims, worth $2 billion, according to one estimate, over asset seizures under late Cuban leader Fidel Castro.

It may also serve as a reminder to multinational companies of the complexities that can come with doing business in Cuba.

In 2016, US cruise ships began traveling to Cuba for the first time in decades after a détente negotiated by former President Barack Obama eased some provisions of a Cold War US embargo.

But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, Washington’s ideological foe.

The Trump administration has also allowed US citizens to sue third parties for using property seized by Cuban authorities, a provision of the Helms-Burton Act that every previous president has waived since the law was passed in 1996.

Havana Docs says Cuba, which has been under a US trade embargo for decades, has never compensated it for taking the drug.

The four cruise lines sued in 2019 in the US District Court for the Southern District of Florida. Bloom in March held the companies liable for damages under the Helms-Burton Act, also known as the Libertad Act.

According to the US-Cuban Economic and Trade Council, a nonprofit organization that provides information on relations between the two countries, 5,913 validated claims related to property seized in Cuba represent an estimated liability of nearly $2 billion.

Forty-four lawsuits have been filed under Title III of the Helms-Burton Act, the organization says.

“For the current plaintiffs of Cuban descent, (the decision) will give them a moment of relief,” said John Cavulich, the group’s president. “It will give them a moment to say ‘You can run but you can’t hide,'” Cavulich said.

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Is a Royal Caribbean or Carnival beverage package worth it?

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An all-inclusive beverage package that gives you access to beer, wine, liquor, bottled water, soda, specialty coffee, and even shakes/juices may cost more than your cruise fare.

This is especially true right now when many cruise cabins are being sold at discounted prices while the drinks package prices have gone up.

Deciding whether to purchase a drink package is a challenge because you have to estimate whether you will be drinking enough to cover the cost. Or, more importantly, whether you’d spend more if you decided not to purchase a drink package.



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