China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
The Norwegian Bliss is the latest ship to join the company's fleet. But it's not just carrying guests across the seas, it's also bringing along a race track. The Bliss is loaded with a wide range of features to keep guests busy while cruising to their next destination. The Bliss cost about $1 billion to build and is setting its sights to dethrone Carnival and Royal Caribbean. "The cruise industry is growing like a weed and every ship is full to the hilt. Every cruise line company is reporting record profits," said Frank Del Rio, CEO of Norwegian Cruise Line Holdings.
According to Cruise Line International Association, more than 25 million people boarded cruise liners in 2017. That number is expected to hit more than 27 million in 2018. To accommodate the influx of new and returning customers, cruise lines aren't just building bigger ships; they're building more of them. There are more than 80 new ships that are currently in development. 27 of those ships are expected to hit the seas this year.
The cruise market totals close to $41.1 billion in wages and salaries. As for Carnival, Royal Caribbean and Norwegian; they control close to 80 percent of the cruise market space.