Royal Caribbean Cruises (RCL) shares soared on Thursday after raising its full-year adjusted earnings per share guidance by $0.40 to a range of $9.90 to $10.10. The cruise company credits strong bookings, saying that they have "exceeded the company's initial expectations." Yahoo Finance's Josh Lipton and Julie Hyman discuss the announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
Royal Caribbean Cruises (RCL) shares soared on Thursday after raising its full-year adjusted earnings per share guidance by $0.40 to a range of $9.90 to $10.10. The cruise company credits strong bookings, saying that they have "exceeded the company's initial expectations."
Yahoo Finance's Josh Lipton and Julie Hyman discuss the announcement.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
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Reuters
The administration sees its priority as protecting U.S. industry and is worried about Nippon Steel's exposure to China, the report said. The world's fourth-largest steelmaker's $14.9 billion deal to buy its U.S. rival has drawn criticism from some of the Democratic and Republican lawmakers and the powerful United Steelworkers union. It is not clear whether the China assets of Nippon Steel will be an explicit part of the Committee on Foreign Investment in the United States (CFIUS) review, the report said.
Reuters
Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday a rate cut is the next step for monetary policy, although he declined to say when the central bank will be able to lower the cost of short-term borrowing. “I believe that we may be in the position to see the rate decrease this year,” Harker said in a speech text to be delivered before the 2024 Lyons Center for Economic Education and Entrepreneurship, held by the University of Delaware. Harker, who does not hold a voting role on the rate-setting Federal Open Market Committee this year, spoke on a day where a number of Fed officials were also weighing in on the outlook for the economy and monetary policy.
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