Author: The Street

Royal Caribbean Group (RCL) – Get Free Report changed the basic concept when it debuted the revised Perfect Day at CocoCay in May 2019. Previously, private islands were simply beaches with bars, and a barbecue that might offer a few extras (like a zip line) but the core experience was a beach.

The old model of cruise line private islands also required people to take tenders (small ships) to the island from their cruise ship. That was a slow process and some passengers got sick riding the smaller ships, especially on days when the seas were a little rough.

The past five years have seen some pretty dramatic flip-flopping when it comes to real estate prices. After years of growth, demand for certain large cities dipped briefly during the pandemic as many looked toward the less-dense suburbs before climbing back up again as infection cases and restrictions eased.

Cities like Phoenix and many other parts of the South and the Midwest saw home prices spike by double digits in a single month amid an influx of people looking to move there but are now dealing with a market disproportionate to developer hype.

Updated at 1:26 pm EST

U.S. stocks turned lower Tuesday as global stocks kicked-off new year trading on a mixed note, powered in part by softer Treasury bond yields and positive economic data from Europe but capped by worries over aggressive central bank rate hikes.

With trading volumes still thin, and some major markets closed over the tail end of the holiday season, stocks are set for a firmer open following their worst performance since 2008, which saw a 20% decline for the MSCI World Index and the loss of more than $18 trillion in global equity value.

A hotel room that sells for $100 a night comes with a place to sleep, maybe a pool, and if you are really lucky, a free, very mediocre breakfast. Buy a cruise cabin for $100 a night — something that’s easy to do right now — and you get your cabin, multiple pools, hot tubs, shows, live music, and as much food as you can eat from multiple venues.

That’s a great deal when cruise prices are relatively in line with land-based vacation prices. While they’re depressed, which they have generally been since the cruise industry returned from its covid-related shutdown in July 2021, both Royal Caribbean Group (RCL) – Get Free Report and Carnival Cruise Lines (CCL) – Get Free Report expect that to change.

It’s commonly understood that good art imitates life. After all, that’s what makes it so moving. And now, thanks to the ubiquity of streaming platforms and social media, it’s just as often now that life imitates art.

Mediums like music, books, and movies are more accessible than ever, making them an integral part of our everyday lives. It’s not uncommon for people to exchange quotes from their favorite movies or cater the contents of their closets to reflect the style of their favorite musician or fictional character.

Most Las Vegas Strip deals are splashy with the land purchase sort of kicking off the publicity cycle for whatever massive casino, resort, or attraction might someday get built on the property. That’s essentially what Houston Rockets owner Tilman Fertitta has done.

The billionaire, who also owns the Golden Nugget on Fremont Street, purchased land on the Las Vegas Strip located between Caesars Entertainment’s (CZR) – Get Free Report  Planet Hollywood and MGM Resorts International’s (MGM) – Get Free Report MGM Grand in April. That purchase was major news, as was his October reveal of his intentions for the property.

Netflix (NFLX) – Get Free Report enjoyed a huge first-mover advantage in the streaming space. First, it was the only player licensing archival content at a time when few rights holders fully understood their value. That gave the company early access to hit movies and television shows at low prices because nobody else was actually bidding.

The streaming giant also had an edge in being the first digital player to pivot to originals. That gave it an edge in recruiting talent and creating buzz-worthy shows.

Las Vegas has a long history of being a place where relationships come together quickly or burn out after a too-bright start. You might meet the love of your life on the Las Vegas Strip or end up needing a quickie divorce after a few drinks (and maybe some harder stuff) convinced you that having an Elvis impersonator marry you to someone you met that day was an excellent idea.

In a city full of excess, anything seems possible and that has made the Las Vegas Strip the ideal threat for any sports team looking for leverage. Since the Supreme Court ruled that states could legalize sports betting. Las Vegas stopped being taboo. That led to the National Hockey League bringing the expansion Golden Knights to T-Mobile Arena nestled in the heart of Caesars Entertainment (CZR) – Get Free Report and MGM Resorts International’s (MGM) – Get Free Report Strip properties.    

Consumers and investors are wondering how much the cost of living will rise as inflation remains at a 40-year high.

But the question that frightens everyone — consumers, markets and government — is whether the economy will enter a recession.

The “R” word is the scary word. But for many economists there is no longer any doubt: recession is on the menu for 2023.

A December survey of 38 economists by Bloomberg showed they saw a 70% chance for a recession next year. That’s up from 65% in November. The economists say the Federal Reserve’s interest rate hikes will cut demand.

Netflix (NFLX) – Get Free Report enjoyed a huge first-mover advantage in the streaming space. First, it was the only player licensing archival content at a time when few rights holders fully understood their value. That gave the company early access to hit movies and television shows at low prices because nobody else was actually bidding.

The streaming giant also had an edge in being the first digital player to pivot to originals. That gave it an edge in recruiting talent and creating buzz-worthy shows.