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☆ Carnival rides on record cruise demand to lift annual profit forecast
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +1 min

Carnival Corp raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in people seeking cruise vacations for the first time. "The first quarter has been fantastic across the board," CEO Josh Weinstein said on a post-earnings call. "We delivered record bookings and record customer deposits again this quarter, a great start to the year." Bookings for the rest of 2024 remain the best year on record with total customer deposits reaching $7 billion in the first quarter, the company said. New-to-cruise customers surged more than 30% year-over-year, Carnival said.

Persons: Josh Weinstein, Carnival Organizations: Carnival Corp

☆ What's behind Danaher's decline, plus high hopes for Apple's developers event
▼ + stars: | 2024-03-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Mark your calendars: Apple said it will host its annual Worldwide Developers Conference from June 10 to June 14. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Jensen, Danaher, Ingersoll Rand, Jim, Larry Fink, Eli Lilly, Fink, Jim Cramer's, Tim Cook, Josh Edelson Organizations: CNBC, Developers, Apple, Nvidia, Vision, ILC Dover, KeyBanc, Dover, Microsoft, Costco, BlackRock, Corp, Cintas, Jefferies, Jim Cramer's Charitable, Apple's Worldwide, AFP, Getty Locations: Cupertino , California

☆ 2 Holland America crew members die after 'incident' on cruise ship in the Bahamas
▼ + stars: | 2024-03-24 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Two crew members on a Holland America cruise ship died during an "incident" in the engineering space. In a statement, the cruise line said it was "deeply saddened" by the incident. AdvertisementTwo crew members aboard a Holland America cruise ship died during an 'incident' in the ship's engineering space. AdvertisementAuthorities were notified and the cause of the deaths is being investigated, the cruise line said. Statistics also show that 97 passengers and crew members died due to cardiac issues, 72 died due to accidentally falling overboard, and 60 died due to jumping overboard.

Persons: —, Holland America Organizations: Bahamas Maritime Authority, Service, Holland America, Nieuw, Holland, Statistics, Princess Cruises, Carnival Corporation Locations: Holland America, Nieuw Amsterdam, Bahamas, Holland, Fort Lauderdale , Florida, Sydney

☆ Cruise lines' private islands are having a renaissance. These are the 3 reasons they need it now more than ever before.
▼ + stars: | 2024-03-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

To cruise lines, they're cash cows. Related storiesThese are the three reasons cruise-run private destinations have become so important. Amid rising fuel costs, it's easy to see why cruise lines would want to plan more itineraries around these nearby stops. Private destinations keep profits in-houseThe bar had two halves: one on land and the other at pool level. And because there's no need to rely on other excursion operators, they allow cruise lines to keep more profits in-house.

Persons: —, Patrick Scholes, Michael Bayley, Naftali Holtz, it's, Scholes, wouldn't, Linken D'Souza, Brittany Chang, Josh Weinstein, Jason Liberty, Simone Padovani, CHANDAN KHANNA, They're Organizations: Service, Royal, Business, Truist Securities, Disney Cruise Line, Disney Cruise, Holland America, MSC, Royal Caribbean International, Royal Caribbean Group, Beach, cabanas, Carnival Corp, Private, Hideaway, Disney, Key, Getty Locations: Miami, Bahamas, CocoCay, Caribbean, Honduras, Belize, Eleuthera, Cay, Holland, Royal Caribbean, Paradise, Nassau, Florida, cabanas, Royal, Orlando, Venice, Italy's Giudecca, Santorini, Greece, Key West , Florida, California, Alaska , Maine, Europe, Juneau , Alaska, French Polynesia, Italy

☆ Norwegian Cruise Line reports first profitable year since 2019
▼ + stars: | 2024-02-27 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The Norwegian Viva is docked at PortMiami's Terminal B ahead of its christening ceremony on Nov. 29, 2023, in Miami. Norwegian Cruise Line Holdings on Tuesday reported its first profitable year since 2019 as fourth-quarter losses narrowed dramatically. The cruise company reported strong growth and ticket demand with an encouraging 2024 forecast. Adjusting for one-time items, Norwegian reported a loss per share of 18 cents. "Norwegian Cruise Line Holding experienced a momentous year of growth and achievement in 2023," CEO Harry Sommer said in a statement.

Persons: Harry Sommer, it's, LSEG Organizations: Norwegian Cruise Line Holdings, Norwegian, Cruise Line, Royal Caribbean Cruises, Carnival Corp Locations: Norwegian, Miami, LSEG, Gaza

☆ The world’s best beaches, according to Lonely Planet
▼ + stars: | 2024-02-03 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +6 min

The dim sum capital of the worldLegacy House: Legacy House's fantastic dim sum set includes steamed spotted garoupa dumplings with salted lemon. Courtesy Legacy House Forum: This three-Michelin-star restaurant, which serves classic Cantonese dim sum dishes, is famed for its impeccable attention to detail. Tai Wai Dining Room Veggie Kingdom: Veggie Kingdom serves high-quality meat-free versions of classic dim sum dishes. Maggie Wong/CNN Spring Moon: In addition to serving delicious, classic dim sum dishes, Spring Moon's cinematic interior is an attraction in its own right. Courtesy Peninsula Hong Kong Hong Kong’s best dim sum Prev NextThis is our essential guide to Hong Kong’s best dim sum: Where to find it and how to eat it, from classic no-frills joints to Michelin-starred adventures.

Persons: Cabo San Juan del Guía, “, ”, Heen, King Heen, Nicholas Wong, Maggie Wong, Emperor, Fook Lam, Hong Kong Hong, Hong, they’ve, Amelia Earhart’s Organizations: CNN, d’Argent, JetBlue, Japan, Port, Royal, Carnival Corporation, MSC Cruise, Cunard Cruise, CDC, Hong Kong, Hong, Golden Valley, Son Locations: Rio, Sarakiniko, Greece, Baltic, Danish, Bornholm, Cabo San Juan, Seychelles, Tokyo, Kyoto, Osaka, Hiroshima prefecture, Tomonoura, Port of Miami, Hong, Hong Kong, Veggie, Golden, Spain

☆ Royal Caribbean's cruises have never been this popular. Good luck booking one of it's giant ships.
▼ + stars: | 2024-02-01 | by ( Brittany Chang | ) www.businessinsider.com time to read: +2 min

Royal Caribbean Group has half the number of available cabins right now than the same time in 2023. AdvertisementGood luck booking your dream Royal Caribbean vacation this year — the cruise line's giant ships are running low on cabins amid a spike in demand. Trade group Cruise Lines International Association estimates 36 million travelers will cruise in 2024 — a 14% increase from 2023. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Royal Caribbean isn't the only cruise giant starting 2024 with exceptionally busy ships.

Persons: —, Brittany Chang, you've, Jason Liberty, Pieter De Boer, Josh Weinstein Organizations: Royal Caribbean Group, Service, Trade, Cruise Lines International, Cruise, Cruise Line Holdings, Carnival Locations: Caribbean, Brittany, Royal Caribbean

☆ 9 new around-the-world cruises have joined Royal Caribbean's Ultimate World Cruise at sea. See what they're like — from a sold-out 6-month luxury cruise to a cheaper $21,100 option.
▼ + stars: | 2024-01-21 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

Regent Seven Seas Seas Cruises — NCLH's $73,500 ultra-luxury 4 ½-month cruiseThe Seven Seas Mariner in Kotor, Montenegro. AzamaraAzamara's sold-out 2024 world cruise departed on January 5 from Fort Lauderdale, Florida. Silversea's fares started at $66,000 per person for the least expensive vista suite, cheaper than Regent Seven Seas' cruise of the same length. AdvertisementPrincess Cruises — Carnival Corp's almost four-month $21,100 vacationPrincess Cruises says its 2024 world cruise guests will have an overnight in Dubai and the opportunity to see 25 UNESCO World Heritage Sites. Holland America Line — the four-month roundtrip Florida cruiseThe Zuiderdam's world cruise itinerary includes overnights in places like Tokyo and Aqaba, Jordan.

Persons: —, TikTok, Royal, it's, Fares, Azamara, Taj, Azamara Azamara's, Leo Caldas, Cunard, Queen Mary 2, Queen Mary, Queen Victoria, Mary 2, Southhampton, Jennifer Gauthier, would've Organizations: Service, Royal, Business, Oceania Cruises, Norwegian Cruise Line Holdings, Regent Seven Seas, Seas, Regent Seven, Seven Seas Mariner, Cruises —, Getty, San, Cruises, UNESCO, Heritage, Princess, Carnival Corp, Seabourn, Fares, Corp's, Cunard, Holland America Line, Reuters, Holland, Holland America Locations: New York City, Sydney, Australia, Los Angeles, Norwegian, Hawaii, Islands, New Zealand, Asia, East, Europe, Canada, Yangon, Myanmar, Reykjavik, Iceland, Kotor, Montenegro, Miami, Central America, Islands , New Zealand, Bermuda, Oceania, Giza, Fort Lauderdale , Florida, Central, South America, Barcelona, Caribbean, AFP, San Francisco, Southeast, East Asia, Alaska, Dubai, Africa, Piraeus, Greece, Athens, China, Japan, Sri Lanka, Egypt, Jordan, Cairns, Honolulu, Queen, York City, Aruba, North America, Holland, Florida, Tokyo, Aqaba, Holland America

Travelers are looking to cruises in 2024 because they are still cheaper than land-based alternatives. With occupancy levels approaching pre-pandemic levels, operators plan to hike prices in coming months. "Overall the market is extremely strong, especially the top end of the market in terms of the most high-end luxury cruises," said Bob Levinstein, CEO of cruise marketplace Cruise Compete. Even as travelers have canceled or postponed planned vacations to the Middle East, cruise bookings will still hit record levels in 2024, said Truist Securities analyst Patrick Scholes. Prior to the Oct. 7 attacks in Israel, industry-wide bookings for 2024 were about 25% higher than in 2019 for bookings in 2020.

Persons: Queen Mary, Andrew Kelly, Bob Levinstein, Patrick Scholes, Scholes, Jason Liberty, Josh Weinstein, Atle, Kari Dillon, Dillon, InteleTravel, Dave Spinelli, Ben Harrell, Granth, Marguerita Choy Organizations: Cunard Line, Carnival Corporation & plc, Brooklyn Cruise, REUTERS, Travelers, Truist Securities, Cruise Lines International Association, Royal Caribbean, Liberty ., Holdings, Cruisers, Thomson Locations: Brooklyn, Brooklyn , New York City, U.S, BENGALURU, Israel, Caribbean, Oslo, North Carolina, Florida, InteleTravel, Delray Beach , Florida, Royal Caribbean, Bengaluru, Doyinsola, New York

☆ Stocks just had their best month of the year. Why it happened and who led the way
▼ + stars: | 2023-11-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The S & P 500 entered Thursday up 8.5% in November, on track for its best month since July 2022. .SPX 1M mountain November is shaping up to be the best month of the year for the S & P 500. Through mid-November, when 94% of S & P 500 companies had reported results, third quarter earnings were tracking about 4.3% above the same time last year, according to FactSet. Top stocks Another important change in November is the stocks leading the way. Of the 10 biggest stocks in the S & P 500, five rose at least 10% in November, including the two largest in Apple and Microsoft .

Persons: John Stoltzfus, Oppenheimer, Angelo Kourkafas, Edward Jones, It's, it's, Yung, Yu Ma, That's, Santa Claus, Chris Verrone, — CNBC's Michael Bloom Organizations: Treasury, Federal, PCE, Fed, CNBC, Expedia, Carnival Corp, Generac Holdings, Paramount Global, Insulet Corp, BMO Wealth Management, Apple, Microsoft, Tesla, Energy, OPEC Locations: U.S, Santa

☆ The three-year cruise is canceled
▼ + stars: | 2023-11-24 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

But now the dream is over for passengers who’d signed up for Life at Sea Cruises’ inaugural three-year voyage. But on November 17 – less than two weeks before the third departure date – passengers were informed the cruise was off. “In case we weren’t clear, the Life at Sea cruise trip is canceled,” Bayramoglu wrote, giving instructions on the refund process, and how passengers can retrieve “pods” full of their belongings – which they’d shipped in advance of the cruise. If Life at Sea passengers didn’t take up the offer, she said, they’d also be looking to launch a long-term cruise in October 2024. The letter was sent to CNN November 21 and spoke about a potential upcoming cruise date – despite the cruise having already been canceled.

Persons: CNN —, who’d, “, –, ”, AIDA Cruises, Kendra Holmes –, Holmes, Vedat Ugurlu, Ugurlu, Miray, Mikael Petterson, Petterson, Ugurlu’s, Ethem Bayramoglu, ” Bayramoglu, they’d, Bayramoglu, Kendra Holmes, Holmes didn’t, HLC, – I’m Organizations: CNN, Cruises ’, Sea Cruises, Carnival Corp, Celestyal Cruises, Miray, Miray Cruises, Cruises, HLC Cruises, Petterson Locations: Istanbul, Turkey, Amsterdam, Netherlands, Germany, Israel

☆ Cruise staff say Carnival UK threatened to get rid of 919 of them if they refuse to take pay cuts
▼ + stars: | 2023-11-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Cruise crew members are accusing Carnival UK of threatening to "fire and rehire" 919 of them. A maritime union said Carnival UK filed a notice of mass layoffs as it was negotiating pay cuts. The entire dispute stems from negotiations between Carnival UK and Nautilus over potential pay cuts. Carnival UK is run by the Carnival Corporation group, which also operates Carnival Cruise Line, the US cruise company. AdvertisementNovember 24, 2023: This story was updated to reflect comment from Carnival UK.

Persons: — Organizations: Carnival, Service, Nautilus International, O Ferries, Unions, Nautilus, O Cruises, Cunard, O, BBC, Carnival UK's, Carnival Corporation, Cruise, Princess Cruises, O Cruises Australia, Carnival UK

☆ Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Hedge fund short sellers have lost $43 billion in recent days as stocks rally, the Financial Times reported. The S&P 500 is on track for its best month since July 2022. With a more than 7% gain in November, the S&P 500 is on pace for its best month since July 2022. AdvertisementThe FT notes that analysts say some hedge funds have had to repurchase stocks to cover their short bets as a "short squeeze" pushed share prices even higher. According to S3 data, bets against technology, healthcare, and consumer discretionary were the most painful for hedge funds.

Persons: —, Stocks, Goldman Sachs, Nicholas Colas, Jessica Rabe Organizations: Financial Times, Service, Wednesday Financial, S3 Partners, Federal Reserve, Carnival Corp

☆ Carnival Corp. CEO Josh Weinstein sits down with Jim Cramer
▼ + stars: | 2023-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Carnival Corp. CEO Josh Weinstein sits down with Jim CramerCarnival Corp. CEO Josh Weinstein sits down with 'Mad Money' host Jim Cramer to talk the state of the travel sector, where the cruise industry sits, quarterly results and more.

Persons: Josh Weinstein, Jim Cramer Carnival, Jim Cramer Organizations: Carnival Corp, Jim Cramer Carnival Corp

☆ Lobster dinners, luxury goods, and go karting: everyday travelers are splashing out on their cruises
▼ + stars: | 2023-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Onboard spending jumped from an average of $66 a day to $81 a day from the second quarter of 2019 to the same time in 2023. AdvertisementAdvertisementFrom WiFi to fancy dinners to go-karting at sea , cruise travelers have been spending big at sea. In the third quarter of 2021, Arnold Donald, the former president and CEO of Carnival Corp, was already noting "off the charts" onboard spend . Amid the influx of ultra-cheap cruises , onboard spend caught up to and surpassed 2019 levels before fares did. "It's a longer sales cycle that helps build that overall onboard revenue product," Mark Kempa, Norwegian's executive vice president and CFO, said during the call.

Persons: —, Arnold Donald, it's, Holland America —, Robin Farley, Patrick Scholes, Brittany Chang, Harry Sommer, Sommer, Mark Kempa, Jason Liberty, Liberty, Scholes, We're, couldn't Organizations: Service, Carnival Corp, Holland America, UBS, Truist Securities, Farley Travelers, Royal, Norwegian Cruise Line Holdings, Royal Caribbean Group, MSC, Cartier, Rolex Locations: Royal Caribbean, CocoCay, Norwegian

A fishing boat sails past the Princess Cruises' Ruby Princess cruise ship as it docks in Manila Bay during the spread of the coronavirus disease (COVID-19), in Cavite city, Philippines, May 7, 2020. REUTERS/Eloisa Lopez/File Photo Acquire Licensing RightsSYDNEY, Oct 25 (Reuters) - Carnival Corp's (CCL.N) Australian unit has been ordered to pay the medical expenses of a woman who contracted COVID-19, with a judge ruling that the cruise ship operator misled passengers about safety risks in a landmark class action ruling. The decision from Australia's Federal Court is the first class action win against a cruise ship operator in the world, according to Shine Lawyers, who represent about 1,000 Australian plaintiffs in the suit. Legal filings show the operator denied it knew before the voyage that the risk of contracting COVID was higher on a cruise ship than in the community. The number of plaintiffs could also grow should Australia's High Court rule that some 700 U.S. passengers can be included in the class action.

Persons: Eloisa Lopez, COVID, Angus Stewart, Susan Karpik, Henry, Henry Karpik's, Vicky Antzoulatos, Karpik's, Karpik didn’t, Antzoulatos, Lewis Jackson, Edwina Gibbs Organizations: Princess Cruises, REUTERS, Rights, Federal, Shine Lawyers, Carnival, Carnival Australia, Reuters, Thomson Locations: Manila Bay, Cavite city, Philippines, Carnival Australia, Sydney, New Zealand, New South Wales

☆ The era of cheap cruises is over. Here's how to find the best deal now.
▼ + stars: | 2023-10-21 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

In 2024 cruise fares will continue to increase past 2019 levels. Carnival Corp, for example, says it is "well positioned to drive 2024 pricing higher." AdvertisementAdvertisementSay goodbye to cheap cruises and get ready to dig deeper into your wallets for a 2024 cruise — demand is now driving future cruise fares to pre-COVID-19-pandemic levels. For 2024, pricing across the industry will be up about 8% compared to this year and 20% compared to 2019. AdvertisementAdvertisementThere's still one big culprit: pent-up demandCarnival Corp's CFO David Bernstein says the company is "well positioned to drive 2024 pricing higher."

Persons: —, itineraries, Tynan Smith, Patrick Scholes, David Bernstein, DANIEL SLIM, Josh Weinstein, Scholes, Smith, Brittany Chang Organizations: Carnival Corp, Service, Cruise, Truist Securities, Carnival, Getty Images, Royal Locations: Caribbean, Bahamas, Bermuda, AFP, Royal Caribbean

☆ Carnival CEO says charging passengers an extra fee to help cover rising fuel costs is 'certainly not off the table'
▼ + stars: | 2023-10-02 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

Carnival's CEO said a fuel surcharge is "certainly not off the table" during an earnings call. To help offset soaring oil prices, cruise lines and airlines can charge passengers fees known as fuel surcharges. AdvertisementAdvertisementCarnival said it expected a net impact of $130 million in the fourth quarter due to rising fuel costs and unfavorable currency exchange rates. He said a fuel surcharge wouldn't be implemented in the near term, and it would only impact future bookings, rather than applied retroactively. "We continue to work aggressively to manage fuel costs the best way possible by consuming less," he said on the Friday earnings call.

Persons: it's, —, Josh Weinstein, Weinstein Organizations: Service, Carnival Corporation, New York Mercantile Exchange, Carnival

☆ Americans support strikes — until they affect their daily lives
▼ + stars: | 2023-10-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

The public will continue to support them – that is until the strikes begin to affect Americans’ daily lives. CNN reached out to the Justice Department for comment but has not received a response. The US Labor Department releases August figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of worker filings for jobless benefits in the week ended September 30. The US Labor Department releases September data on the state of the job market, including payroll gains, wage growth and the unemployment rate.

Persons: –, ” Andrew Flowers, “, Eva Rothenberg, Suisse’s, Jerome Powell, Patrick Harker, Michael Barr, John Williams, Loretta Mester, Raphael Bostic, Michelle Bowman, Levi Strauss, Tom Barkin, Mary Daly Organizations: CNN Business, Bell, DC CNN —, Gallup, Guild of America, Teamsters, Reno, United Auto Workers, UAW, Toyota, Honda, CNN, Nationwide, UBS, DOJ, US Department of Justice, Credit Suisse, “ UBS, CS, Bloomberg, Justice Department, P Global, Institute for Supply Management, McCormick, US Labor Department, Atlanta Fed, Constellation Brands, Conagra, Co, US Commerce Department, Carnival Corp Locations: Washington, United States, Hollywood, Las Vegas, Germany, Russia

☆ China kicks off its plan to take on the cruise industry: 'There's no turning back'
▼ + stars: | 2023-09-30 | by ( Hannah Towey | Brittany Chang | ) www.businessinsider.com time to read: +7 min

After a three-year hiatus, international cruise lines can resume sailings from China. AdvertisementAdvertisementRoyal Caribbean's Wonder of the Seas, once the world's largest cruise ship, was originally scheduled for year-round sailing from China. Then COVID-19 shut down the cruise industry and China blocked sailings from international cruise lines. Now, after a three-year hiatus, international cruise lines can resume sailings from China. Enter the Adora Magic City, the first Chinese-built and operated cruise ship.

Persons: —, Kun Cao, Reddal, James D, Morgan China, Cao, Joel Katz, Asia —, Michael Bayley, Bayley, Yang Guobing, Andy Stuart, Skift, it's Organizations: Service, Seas, Royal Caribbean, Magic City, Cruise, Royal Caribbean International, China China's, China State Shipbuilding Corporation, Carnival Corporation, Publishing, Getty Images, Viking Cruises, China Merchants Group, Royal, MSC, CSSC Carnival Cruise Shipping, Xinhua, Getty, Cruise Line, Global Times Locations: China, Shanghai, Fort Lauderdale , Florida, Southern, Magic, Caribbean, Asia, Australasia, CLIA, United States, Miami, Switzerland, Royal Caribbean, —, Norwegian, Alaska

☆ Defeating inflation without high unemployment is still unlikely
▼ + stars: | 2023-09-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

And the US economy’s surprising resilience, despite 11 rate hikes, has raised hopes of a soft landing becoming a reality. “I’ve always thought that the soft landing was a plausible outcome, that there was a path to a soft landing,” he said. But historical records show that a soft landing has only occurred once in the 1990s, or perhaps even a handful of times. The US Commerce Department releases its final estimate of second-quarter gross domestic product. The US Commerce Department releases August data on household income, spending, and the Fed’s preferred inflation gauge.

Persons: it’s, Jerome Powell, Powell, “ I’ve, ”, “, Powell’s, ” “ Jerome Powell, ” Quincy Krosby, Krosby, ” Krosby, Matt Egan, ” Neil Bradley, “ We’ve, Read, Christine Lagarde, Michelle Bowman, Austan Goolsbee, Lisa Cook, John Williams Organizations: CNN Business, Bell, DC CNN, Fed, LPL, CNN, Corporate, US Chamber of Commerce, European Central Bank, Costco, Global, Board, Survey, US Commerce Department, Micron, Nike, US Labor Department, National Association of Realtors, Carnival Corp, University of Michigan, New York Fed, China’s National Bureau of Statistics Locations: Washington

☆ 6 cruise passengers have gone overboard in 3 months. Here's why most ships still don't use detection tech for rescues.
▼ + stars: | 2023-08-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. In total, at least five passengers have gone overboard cruise ships this summer, including Hill. The incidents occurred on the cruise ships Carnival Elation, Spectrum of the Seas, Emerald Princess, Mariner of the Seas, and Wonder of the Seas. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Princess, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Hill, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ 4 people have gone overboard on cruise ships this summer. Here's why most cruise lines don't use technology that could've helped save them.
▼ + stars: | 2023-08-24 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. At 6:36 p.m. — more than 12 hours after Peale fell overboard — Carnival contacted the Coast Guard, according to the agency. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. Legislation without regulationThe US Coast Guard does not check for man-overboard image capture or detection technology during compliance inspections of cruise ships. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Royal Caribbean's, Princess Cruises, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ The first large cruise ship built in China complete with a water park, a brewery, and 5G will sail this year — see inside
▼ + stars: | 2023-08-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Adora Cruises' first ship, the Adora Magic City, will sail later this year as China's first locally built large cruise vessel. A new Carnival Corp cruise ship will hit the seas later this year. In 2015, state-owned China State Shipbuilding Corp (CSSC), the country's wealth fund China Investment Corp, and the recognizable Carnival Corp set up a contract to create a Hong Kong-based cruise company. A few years later, CSSC's Cruise Technology Development arm and Carnival announced its joint venture: Adora Cruises. But unlike Carnival's eponymous cruise line, Adora Cruises — formerly known as CSSC Carnival Cruise Shipping Limited — will only be servicing the Chinese cruise market.

Organizations: Cruises, Carnival Corp, China State Shipbuilding Corp, China Investment Corp, Corp, CSSC's Cruise Technology Development, Carnival, Adora, Cruise Shipping Locations: Magic, China, Hong Kong

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

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