A group of Catholics revitalized a remote Arizona village before the diocese ordered them to leave
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CBS News
an hour ago
- CBS News
An area of Lake Tahoe has elevated levels of E. coli, testing revealed
An area of Lake Tahoe tested for high levels of E. coli, prompting a warning to stay out of the water, the U.S. Forest Service said on Friday. The tested samples were from the South Shore of Lake Tahoe near Camp Richardson Resort. Due to the elevated levels of E. coli, the Forest Service said people should not swim in the area between Jameson Beach and the Valhalla Boathouse. Those two areas were tested and did not show elevated levels of E. coli as of Friday. After elevated levels of E. coli were found, the resort immediately inspected its sewer lines, the Forest Service said. A leak was found, and repairs are underway. The elevated levels were found because agencies in Lake Tahoe routinely test the water during the summer to make sure it's safe for recreation, the Forest Service said. Officials will test the area daily to let people know when it's safe to return. They could also implement more precautions depending on E. coli levels. E. coli can cause diarrhea, stomach cramps, vomiting and fever. The Centers for Disease Control and Prevention advises people not to swallow water when swimming or playing in recreational waters such as lakes, ponds, rivers, streams and swimming pools.
Yahoo
an hour ago
- Yahoo
Cruise line stocks are on the rebound this year. Here's why.
Cruise line stocks have been on a tear in recent months, with no signs of a slowdown as industry efforts to woo vacationers to the sea show signs of paying off. Carnival (CCL) shares have rebounded more than 60% from their April lows when tariff turmoil rocked the markets. Norwegian Cruise Line (NCLH) also rose 50%, while Royal Caribbean (RCL) rallied more than 80% over the same period. Trump's trades deals have, to some extent, helped the industry gain clarity. Airlines like United (UAL) and Delta (DAL) reinstated financial guidance, crediting a clear picture of signals out of Washington. Similarly, cruise operators noted a sharp improvement in bookings over the last several months. The rebound in cruise line stocks, Friday's market sell-off aside, came after April's market turmoil and subsequent recovery on the heels of President Trump's broad-based tariff pause. On Thursday, Norwegian Cruise Line shares jumped 9% after the company posted record second quarter revenue and shared bookings now ahead of historical levels. 'It's never a single thing that drives the change that we saw from a choppy April to a record May through July," Harry Sommer, president and CEO of Norwegian Cruise Line Holdings, told analysts during the earnings call. "But I'd say the primary driver was the improvement in the macroeconomic environment." He added that July was on its way to a record month for the company. Earlier this week, Royal Caribbean posted record adjusted earnings on strong demand, though the cruise operator's top line came in below Wall Street expectations. Management credited an acceleration in "close-in demand," or bookings with little lead-time, allowing operators to keep prices higher for longer. Strong performances from Royal Caribbean and Norwegian follow Carnival's record second quarter revenue of $6.3 billion in June. The industry's outperformance has been in the making for a while now. In recent years, cruise operators have invested in newer, more advanced ships; thematic voyages; and exclusive destination-led experiences to attract new customers. Those efforts appear to be working as cruises, which often work out cheaper than land-based vacations, have grown in popularity. The number of cruise passengers rose from 29.7 million in 2019, before the 2020 pandemic, to an estimated 37.7 million projected for 2025. The trend reflects passengers beyond baby boomers taking cruises as interest from first-time travelers rises. Royal Caribbean management noted this week that millennials and younger travelers now represent about half of its customer base. "Cruise is a good value proposition. So if people are thinking about taking a vacation, cruise is one of the cheaper forms of travel," Andrew Didora, senior equity research analyst at Bank of America, told Yahoo Finance. "I think [cruise lines] may be gaining some share within the vacation market." JPMorgan researchers estimate the cruise industry will expand its slice of the $1.9 trillion global vacation market from roughly 2% to 3.8% by 2028. Ines is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Cruise line stocks are on the rebound this year. Here's why.
Cruise line stocks have been on a tear in recent months, with no signs of a slowdown as industry efforts to woo vacationers to the sea show signs of paying off. Carnival (CCL) shares have rebounded more than 60% from their April lows when tariff turmoil rocked the markets. Norwegian Cruise Line (NCLH) also rose 50%, while Royal Caribbean (RCL) rallied more than 80% over the same period. Trump's trades deals have, to some extent, helped the industry gain clarity. Airlines like United (UAL) and Delta (DAL) reinstated financial guidance, crediting a clear picture of signals out of Washington. Similarly, cruise operators noted a sharp improvement in bookings over the last several months. The rebound in cruise line stocks, Friday's market sell-off aside, came after April's market turmoil and subsequent recovery on the heels of President Trump's broad-based tariff pause. On Thursday, Norwegian Cruise Line shares jumped 9% after the company posted record second quarter revenue and shared bookings now ahead of historical levels. 'It's never a single thing that drives the change that we saw from a choppy April to a record May through July," Harry Sommer, president and CEO of Norwegian Cruise Line Holdings, told analysts during the earnings call. "But I'd say the primary driver was the improvement in the macroeconomic environment." He added that July was on its way to a record month for the company. Earlier this week, Royal Caribbean posted record adjusted earnings on strong demand, though the cruise operator's top line came in below Wall Street expectations. Management credited an acceleration in "close-in demand," or bookings with little lead-time, allowing operators to keep prices higher for longer. Strong performances from Royal Caribbean and Norwegian follow Carnival's record second quarter revenue of $6.3 billion in June. The industry's outperformance has been in the making for a while now. In recent years, cruise operators have invested in newer, more advanced ships; thematic voyages; and exclusive destination-led experiences to attract new customers. Those efforts appear to be working as cruises, which often work out cheaper than land-based vacations, have grown in popularity. The number of cruise passengers rose from 29.7 million in 2019, before the 2020 pandemic, to an estimated 37.7 million projected for 2025. The trend reflects passengers beyond baby boomers taking cruises as interest from first-time travelers rises. Royal Caribbean management noted this week that millennials and younger travelers now represent about half of its customer base. "Cruise is a good value proposition. So if people are thinking about taking a vacation, cruise is one of the cheaper forms of travel," Andrew Didora, senior equity research analyst at Bank of America, told Yahoo Finance. "I think [cruise lines] may be gaining some share within the vacation market." JPMorgan researchers estimate the cruise industry will expand its slice of the $1.9 trillion global vacation market from roughly 2% to 3.8% by 2028. Ines is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
