From Yahoo Finance: 2025-04-29 16:28:00

Royal Caribbean Cruises surprised investors by raising its profit forecast, lifting adjusted earnings per share to $14.55 to $15.55 for the year, beating estimates. The company credited revenue, currency exchange rates, and lower fuel costs for the increase. Cruise stocks initially rose, but then traded flat, with rivals Norwegian and Carnival down. Travel stocks, especially cruises, are seen as a bright spot for investors, with Royal Caribbean reporting record bookings. Cruise spending rose in March, outpacing overall travel spending declines. Pricing trends in the cruise industry remained stable, with fears of a travel slowdown potentially impacting cruises in the future. Carnival reported strong bookings and raised full-year targets, while Royal Caribbean focused on attracting land-based vacationers. 1. The stock market saw a significant drop today, with the S&P 500 falling by 2.7% and the Dow Jones Industrial Average dropping by 3.1%. This decline was attributed to concerns over rising inflation and the potential impact on interest rates.

2. In other news, the latest job report showed that the unemployment rate has dropped to 5.8%, the lowest since the start of the pandemic. The report also indicated that the economy added 559,000 jobs in May, surpassing expectations.

3. A new study revealed that 70% of Americans have received at least one dose of the COVID-19 vaccine. However, there are concerns about vaccine hesitancy among certain groups, particularly younger individuals and those in rural areas.

4. The Federal Reserve announced that it will maintain its current monetary policy, despite the recent economic challenges. The decision was made in order to support the ongoing recovery efforts and ensure stability in the financial markets.

5. In international news, tensions are escalating between Israel and Palestine, with violence erupting in the Gaza Strip. The United Nations has called for an immediate ceasefire to prevent further casualties and facilitate peace negotiations.



Read more at Yahoo Finance: As airlines warn about travel demand, Royal Caribbean surprises investors with upbeat outlook