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☆ US court revives lawsuit against Royal Caribbean over toddler's death
▼ + stars: | 2023-07-11 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

(Reuters) - A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. Royal Caribbean and its lawyers did not immediately respond to requests for comment. Jacqueline Garcell, a lawyer for the parents, faulted Royal Caribbean for refusing to install devices that many large hotel chains also use to prevent falls. “We look forward to continuing our fight for justice for Chloe Wiegand and to make cruise ships safer,” she said. The case is Wiegand et al v Royal Caribbean Cruises Ltd, 11th U.S.

Persons: Keith Bedford, Chloe Wiegand, Salvatore Anello, Chloe, Alan Wiegand, Kimberly Schultz, Wiegand, Donald Graham, Jacqueline Garcell, Anello Organizations: Reuters, Royal Caribbean Cruises, Royal, REUTERS, Circuit, Royal Caribbean, District, Puerto Rico’s Department of Justice, Royal Caribbean Cruises Ltd Locations: Staten, Royal Caribbean, New York, U.S, Atlanta, San Juan , Puerto Rico, Indiana, Miami, Valparaiso , Indiana, 11th U.S

☆ These were the top 10 performing stocks in the S&P 500 in the first half of 2023
▼ + stars: | 2023-06-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022. These were the top 10 performing S&P 500 stocks in the first half of 2023. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren't only tech names. From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023. Royal Caribbean CruisesThe Blaster, Royal Caribbean Cruise Ships Royal Caribbean PressTicker: RCLYear-to-date gain: 105.5%4.

Persons: —, Hussein Faleh, Jenn Austin, Lisa Su Steve Marcus, Tesla Tesla, Nvidia Jensen Huang, Rick Wilking Organizations: Service, Nasdaq, General Electric General Electric, GE, Cruise, Reuters, Palo Alto, Royal Caribbean Cruises, Royal Caribbean Cruise Ships Royal Caribbean Press, Carnival Corporation, Nvidia, CES Locations: Las Vegas , Nevada, U.S

The growth in bookings is largely driven by pent-up demand from loyal customers returning to taking summer vacations and other leisure travel, said the analysts. JPMorgan upgraded Carnival shares to "overweight", while Bank of America raised its rating on the stock to "buy", and the analysts raised their price targets on all the three cruise companies. Carnival shares rose 14% to a more than 1-year high in early trading on Monday while Norwegian Cruise gained nearly 8%. The S&P 500 Hotels Resorts & Cruise Lines Sub-Industry Index was up 0.9% led by gains in cruise stocks. Commercial airline shares were also making gains on Monday amid falling crude oil prices and growth in demand for seats.

Persons: Chibuike Oguh, Granth Vanaik, Stephen Culp, Lance Tupper, David Gregorio Our Organizations: YORK, Carnival Corp, Cruise Line Holdings, JPMorgan, Bank of America Global Research, Carnival, Royal Caribbean Cruises, Bank of America, Norwegian Cruise, Royal, Hotels Resorts, Cruise, Southwest Airlines, Hawaiian Holdings, American Airlines, Thomson Locations: Royal Caribbean, New York

☆ I work as a performer on a cruise ship. Being away from home can be hard but it's allowed me to travel the world.
▼ + stars: | 2023-05-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Rachael Hudson has worked as a singer on major cruise liners since July 2009. This is an as-told-to essay, based on a conversation with Rachael Hudson. It's a very fun job, but cruise performers have to work hard to get to where we are. Over the years, working on a cruise ship has become work that's much more sought after. Rachael Hudson by a palm tree.

☆ Morning Bid: Hike and hold, bank angst and Apple
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +5 min

As the Fed delivered what markets assume will be the last rate hike of a brutal 13-month, 500-basis-point tightening cycle, further aftershocks from the March bank blowups reverberated in the background. And given they had advance knowledge of next week's quarterly loan survey before Wednesday's rate decision, it suggests the bigger picture they see remains somewhat equivocal. Norway's central bank raised interest rates as expected and signalled more to come. Events to watch for on Thursday:* European Central Bank policy decision, statement and news conference* U.S. first quarter unit labor costs and productivity, April layoffs, March trade balance, weekly jobless claims. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ I've been a singer on cruise ships for more than 13 years. Being away for long stretches has its ups and downs — but it's hard to imagine giving it up.
▼ + stars: | 2023-04-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Rachael Hudson has worked as a singer on major cruise liners since July 2009. This is an as-told-to essay, based on a conversation with Rachael Hudson. It's a very fun job, but cruise performers have to work hard to get to where we are. I ended up working on cruise ships and I've been doing it for more than 13 years. Rachael Hudson by a palm tree.

☆ 35 secret terms only cruise workers know — and the ones you don't want to hear as a passenger
▼ + stars: | 2023-03-29 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Cruise workers have their own secret language they use to communicate with one another. That's because crew members have dozens of secret code words and sayings they use to communicate while keeping passengers in the dark. Insider compiled a dictionary of cruise ship language based on interviews with cruise workers, previous reporting, and industry blogs. GUSTAVO GRANADO/AFP via Getty ImagesBabaloo: Alternatively spelled "Babalu," this is widespread cruise worker slang that means "fool" or "idiot." Cruise to Nowhere: Also called a "stay-cation" by some cruise workers, this is when a ship cruises at sea without stopping at any ports.

☆ U.S. travel companies experience high demand but economic worries cloud outlook
▼ + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.

☆ From 'babaloo' to 'slop chest,' these are 35 secret terms only cruise workers know — and the ones you don't want to hear as a passenger
▼ + stars: | 2023-02-09 | by ( Hannah Towey | ) www.businessinsider.com time to read: +6 min

Cruise workers have their own secret language they use to communicate with one another. That's because crew members have dozens of secret code words and sayings they use to communicate while keeping passengers in the dark. Insider compiled a dictionary of cruise ship language based on interviews with cruise workers, previous reporting, and industry blogs. GUSTAVO GRANADO/AFP via Getty ImagesBabaloo: Alternatively spelled "Babalu," this is widespread cruise worker slang that means "fool" or "idiot." Slop chest: A tiny convenience store in the crew-only section of a cruise ship that sells essential items.

☆ Morning Bid: Powell's state of the union
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +4 min

Jerome Powell makes his first speech since the Fed's latest quarter-point interest rate rise last week. More importantly, it's his first chance to comment on Friday's seemingly blockbuster U.S. employment report for January. Perhaps just as significantly, they now price year-end Fed rates higher than the 4.5-4.75% range they are at right now. Atlanta Federal Reserve Bank President Raphael Bostic on Monday said of the jobs readout: "It'll probably mean we have to do a little more work." Investors will watch Biden's State of the Union with one eye on the potentially destabilising debt ceiling standoff with Congress.

☆ Futures inch higher ahead of Powell speech
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures: S&P up 0.13%, Nasdaq up 0.27%, Dow flatFeb 7 (Reuters) - U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher. Nasdaq 100 e-minis rose the most among futures tracking Wall Street's three main indexes. Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. So far, 254 companies on the S&P 500 have reported quarterly earnings, with 69.3% of them beating expectations, according to Refinitiv. ET, Dow e-minis were up 4 points, or 0.01%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 34 points, or 0.27%.

☆ Nearly 70% of all reported sexual assaults on US cruises since 2010 happened on ships run by Royal Caribbean or Carnival
▼ + stars: | 2023-01-26 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +4 min

Carnival Cruise Line has the most reported sexual assaults since 2010, DOT data shows. But Carnival, with a fraction of Royal's fleet size, has recorded nearly double the number of reported sexual assaults aboard its ships since 2010. On Royal Caribbean and Carnival cruises, an overwhelming majority, or 82%, of the reported sexual assaults were found to have been committed by passengers, data showed. DOT data revealed that the majority of reported sexual assaults on Princess Cruises were attributed to crew members. A 2013 congressional report found that up to a third of reported sexual assaults aboard cruise ships involved minors.

☆ A passenger alleges she got HIV after being raped by a Princess Cruises crew member
▼ + stars: | 2023-01-19 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +8 min

A woman sued Princess Cruises on January 3, alleging she was raped by a crew member on a ship. Princess faced a similar lawsuit in 2019 by a woman who alleged she was raped by a crew member. Princess Cruises did not immediately return Insider's request for comment. The majority of all reported sexual assaults aboard a Princess Cruises vessel since 2010 involved a crew member, according to Insider's analysis. Of 17 reported sexual-assault incidents since January 2010, Princess Cruises employees were accused in 15 cases — or about 90% of them, DOT data shows.

☆ Cruise lines to appeal U.S court's big award to owner of Havana dock
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Royal Caribbean logo is seen displayed in this illustration taken, May 3, 2022. U.S. District Judge Beth Bloom in Miami ruled last week to award a total of $440 million to the plaintiff, Delaware-registered Havana Docks Corp; registered to two U.S. citizens who claim to be descendants of the original owners of the Havana Cruise Port Terminal. It comes after Bloom ruled in March that the use of the port constituted trafficking in confiscated property owned by Havana Docks Corp. Royal Caribbean in a comment to Reuters said it "disagree(d) with the ruling and will appeal. Havana Docks sued the cruise lines under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba after 1959.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Fed selling, chip stocks boost, Disney concern
▼ + stars: | 2022-12-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Barclay's raises price target on Club holding Wynn Resorts (WYNN) to $95 per share from $75; keeps an equal weight (hold) rating. Citi raises price target on Club holding Linde (LIN) to $402 per share from $322; keeps buy rating. HSBC starts Club stock Nvidia (NVDA) with a reduce rating and a $136-per-share price target; says downside not priced in. Cowen downgrades JetBlue (JBLU) to market perform from outperform (hold from buy); trims price target to $10 per share from $9. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Cramer's lightning round: I wouldn't buy World Wrestling Entertainment at this level
▼ + stars: | 2022-12-14 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...World Wrestling Entertainment Inc : "I would not want to come in at this level. I am actually quite encouraged by how well the company is run." Loading chart...Royal Caribbean Cruises Ltd : "Royal Caribbean is an excellent, excellent company." Loading chart...Cleveland-Cliffs Inc : "I think the numbers may be too high in Cliffs. Disclaimer: Cramer's Charitable Trust owns shares of Danaher.

"It's the recession fear that a lot of investors have ... the concern is that profits begin to drop more meaningfully in the recession." As of Dec. 2, analysts expected S&P 500 companies to report a drop of 0.6% in fourth-quarter earnings after posting a 4.4% rise in the third quarter, according to Refinitiv IBES data. ET, Dow e-minis were down 31 points, or 0.09%, S&P 500 e-minis were down 2 points, or 0.05%, and Nasdaq 100 e-minis were up 4.75 points, or 0.04%. Meanwhile, a Tuesday runoff election in Georgia between Democratic U.S. Among individual stocks, GameStop Corp (GME.N) rose 1.6% in premarket trading following a media report on layoffs.

☆ Carnival’s Princess Cruises will return to Japan in March 2023 after nearly three-year hiatus
▼ + stars: | 2022-12-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Princess Cruises, a Carnival Corporation brand, is resuming trips in its homeport of Japan early next year, the company said in a press release on Friday. Japan initiated the cruise ban in March 2020 after a fatal coronavirus outbreak took place in February on the Diamond Princess, a Princess cruise ship. Since Japan reopened to international cruises, other vacation ships are gearing up to return to the country. Japan joins a growing pool of countries warming back up to cruise tourism after hitting pause for Covid.

☆ What Cramer is watching Wednesday — retail sales strong, Lowe's delivers, Estee Lauder love
▼ + stars: | 2022-11-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Revenue: $26.52 billion versus $26.38 billion expected. Revenue: $23.48 billion versus $23.13 billion expected. Oppenheimer raises Club holding Estee Lauder (EL) price target to $245 per share $230. Bofa also likes the deal and thinks it will give Estee Lauder $800 million to $1 billion in sales. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street's expectations and raising its forward guidance. Retail stocks — Retail stocks rose following Walmart and Home Depot 's stronger-than-expected financial reports for the third quarter. Signature Bank — Shares of the crypto bank jumped more than 10% after Signature reported minimal exposure to FTX and any potential destruction that could come from its collapse. Sunnova Energy — Shares of solar company rose 7.5% after Deutsche Bank initiated coverage of Sunnova Energy, First Solar and Enphase Energy with buy ratings. First Solar was up 3.2%, and Enphase Energy rose 2%.

☆ Junk-Rated Companies Search for the Right Time to Tap Investors
▼ + stars: | 2022-10-16 | by ( Nina Trentmann | ) www.wsj.com time to read: +8 min

While there is limited pressure overall as many businesses refinanced in 2020 and 2021 when funding was cheaper and investor appetite stronger, high-yield companies with immediate financing needs have to find the right time to tap investors, corporate bankers say. Adding loans and revolving-credit facilities, speculative companies have maturities of around $1.47 trillion through 2027, ratings firm Moody’s Investors Service said last week. And the high-yield bond market isn’t closed, it has just become more expensive, bankers said. Movie theater chain AMC Entertainment Holdings Inc. on Friday said that its subsidiary Odeon Finco PLC priced a $400 million bond. Bankers said they have received few calls from triple C-rated companies in recent months looking for maturity extensions.

☆ This market is not the dot-com crash or the financial crisis. Here's how to play it
▼ + stars: | 2022-09-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +21 min

The S & P 500 never really got out of control back then — and, relative to bonds, it didn't either. The Fed chairman, correctly, feared the economy was going to crash, and he would have been right. I think that's certainly how people act. I think that most participants have decided there's no hope and they are using an analogue that's 2000-2001 (dot-com bubble bursting) or even 2007 (before the financial crisis and the Great Recession). Autos have been hurt by supply chain but I think that's coming to an end.

☆ Loans Are Cheaper Than Bonds for Some Highly Rated Companies
▼ + stars: | 2022-09-21 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. Highly rated companies raised $998.8 billion in bonds in the U.S. this year through Monday, compared with $177.9 billion in term loans, according to Refinitiv, a data provider. For all of last year, fundraising through bonds amounted to $1.46 trillion versus $236.7 billion for term loans for investment-grade-rated companies. Term loans often have a shorter duration than bonds, with many of them ranging from three to five years. Term loans tend to be secured,” Mr. Holtz said, pointing to the mixture of bonds and term loans that make up the company’s capital structure.

☆ Nearly 20% of S&P 500 companies have already warned investors about virus impact
▼ + stars: | 2020-02-14 | by ( Thomas Franck | ) www.cnbc.com time to read: +2 min

While most management teams that have warned of a revenue hit said they don't expect any impact to full-year figures, many expect a drag in the first quarter. Nearly one in five S&P 500 companies have said China's virulent coronavirus will impact their revenues or profits, underscoring the far-reaching toll the disease is expected to take on businesses around the world. "We also expect that there will be an impact on future bookings in China, especially in the immediate aftermath of the illness. Others, like Apple , said that they've issued broader-than-usual revenue ranges for the first quarter to account for the potential impact. Three hundred ninety-two of the 500 S&P components have reported fourth-quarter earnings as of Friday.

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