The world is a mess. Let’s book a cruise!
Consumer confidence is feeble, gas prices remain high, the labor market has the jitters, there’s war in the Middle East, and AI doomerism has become part of pop culture. So . . . time to book a cruise? Apparently so. This week Carnival, the largest cruise line, reported record results—third quarter revenue of $8.4 billion, well ahead of expectations—and, more intriguingly, all-time high bookings for 2027. With customer deposits totaling $7.6 billion in the third quarter, up almost 7% over las...
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