Carnival Stock Slips Thursday: What's Driving the Action?
Carnival shares are trading lower Thursday as surging crude prices and rate fears created dual headwinds for the cruise operator.
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Why It Matters
Carnival's stock went down because oil prices got higher and people worry interest rates might stay up. When oil costs more, cruise ships spend more money on fuel, which cuts into profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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