Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Carnival Tumbled 6% This Week


Shares of Carnival (NYSE: CCL)(NYSE: CUK) fell 6.3% this week compared to where they closed last Friday, according to data provided by S&P Global Market Intelligence, as concerns over economic woes took the helm of the cruise ship operator.

The tempest-tossed stock was buffeted this week by the prospects the Federal Reserve would continue its aggressive inflation-fighting stance and continue raising interest rates, a move that would make the cost of borrowing much more expensive for Carnival.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
CCL
Share

Comments