Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread 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.