Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Millenials make up 25 percent of Norwegian Cruise Line's bookings and the company is putting more accommodations on board its ships to attract the fastest-growing customer base, CEO Frank Del Rio told CNBC Tuesday.
"We are now building ships with the understanding that Instagram is something to deal with," he said in an interview with "Mad Money's" Jim Cramer. "We're actually creating Instagram venues so that, when you get the urge, they're going to go there and that's the best publicity [we] can have."
Instagram is owned by social media giant Facebook.
Norwegian has ordered nearly a dozen new ships to be delivered through 2027 and their completion dates are staggered as to not "choke on the inventory," Del Rio said. He noted that some people, who worry that a recession is looming, think it's not an opportune time to add more ships to the fleet because the cruise industry is a "discretionary product," but the chief is optimistic about the future.
"First of all, there's no recession. We're past that, I hope. And the thing to understand, unlike the hotel industry, the airline industry, our ships run full and they run full all the time," he said. "So if you've got full ships all the time and you can finance the brand new ones at interest rates of less than 3 percent over 12-years fixed ... You'd order more ships."
The future for Norwegian Cruise is looking bright because customers are booking as far as eight months out, Del Rio said. He pointed out that 65 percent of 2019 inventory was sold at the the turn of the year and 35 percent of 2020 inventory in some brands has been booked. Cash flow is "off the charts" and is the most "misunderstood variable in this whole equation," he added.
Norwegian Cruise is also refocusing on Turkey where trips were cut due to geopolitical events in 2016, Del Rio said. The cruise line has a dozen planned sailings to the country, set to increase to 20 next year, he said.
Itineraries that include Turkey have been selling fast and at higher prices, he said.
"So the good news is that Americans are willing to go back to Turkey," Del Rio said.
Disclosure: Cramer's charity trust owns shares of Facebook.