Free Republic

More bad news for an already-crushed industry is making investors wonder how much more these companies can take. Stocks fell sharply as investors heard about a new COVID-19 variant. Cruise ship stocks took huge hits as a result. Investors have to hope that travel-hungry passengers will have the opportunity to sail in 2022 and beyond. Black Friday might not have created the same level of stock market discomfort that prompted the naming of Black Tuesday in 1929 or Black Monday in 1987, but stocks were nonetheless under pressure on the day after Thanksgiving. As of 10 a.m. ET on the...

Investors' holiday cheer received a rude interruption on Thanksgiving Day 2021: In South Africa, a new coronavirus variant is rising -- and it's terrifying investors with fears of a prolonged cruise industry recession. So here's the news in a nutshell: On Thursday, South African Minister of Health Joe Phaahla announced that an investigation of "cluster outbreaks" of COVID-19 in parts of the country has found a new variant of the coronavirus Initially detected in South Africa, reports CNN, the virus has also popped up in neighboring Botswana and in Hong Kong (carried there apparently by a traveler from South Africa)....

Why Cruise Line Stocks Jumped on Monday Investors are getting bullish on the business again. What happened Shares of cruise line stocks had a great start to the week, with the industry climbing by the high single digits in trading on Monday. Shares of Carnival (NYSE:CCL) (NYSE:CUK) were up as much as 7.7%, Royal Caribbean (NYSE:RCL) was up 5%, and Norwegian Cruise Line Holdings (NYSE:NCLH) rose 4.8% at its peak. At the close of trading, the stocks were up 3.9%, 1.9%, and 0.8%, respectively. The jump in shares was impressive given that the market overall was flat and the biggest...