Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
WeWork hopes to sharpen its story for investors as it works to get its on-again, off-again IPO back on track.Technologyread more
The Justice Department said it was seeking to recover "all proceeds earned by Snowden because of his failure to submit his publication for pre-publication review in violation...Politicsread more
"It is really a tale of pretty failed governance, almost of the highest order, short of something fraudulent," says the tech investor.Deals and IPOsread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz, bringing its stake down by about 9%.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
According to a new report, consumers ages 14 to 24 overwhelmingly prefer physical stores for shopping, largely for mental health reasons.Retailread more
Royal Caribbean Cruises is seeking ways to improve its energy consumption to fend off the negative impact of higher fuel costs, Chairman and CEO Richard Fain told CNBC on Thursday.
"The best way to control our cost on fuel is to use less energy and that's good for the environment, that's good for our bottom line," said Fain, but he did not elaborate.
Fain appeared on "Power Lunch" after the cruise line narrowed its full-year earnings projections to between $8.75 to $8.85 per share, blaming rising fuel and foreign exchange expenses as headwinds.
Royal Caribbean reported lower-than-expected revenue of nearly $2.8 billion for the third quarter. On an adjusted per-share basis, however, the company exceeded estimates with earnings of $3.98.
"The other thing we have to do is continue to outperform in terms of satisfying our customers," Fain said.
Royal Caribbean does not forecast fuel prices and budgets fuel consumption on current pump prices. It expects to spend $191 million on fuel in the final quarter, and a total of $706 million in 2018, according to the company's earnings report.
"Since the beginning of the year, we've overcome $115 million worth of headwinds from foreign exchange and fuel," said Fain, who has been chairman and CEO since 1988. "There may be timing differences, but our business remains absolutely on track."
Looking ahead, Fain said early bookings for 2019 are better than they were at this time last year and at higher rates.
"That means we have more assurance about what's going to happen and we have less than we otherwise would have had to sell," he said. "Having less inventory ... and having higher prices on what we have sold all goes well for 2019."
Royal Caribbean is anticipating a boost in business from Silversea Cruises, a high-end line that it bought a controlling stake back in June for $1 billion.