Carnival means big business for the city of Rio, which according to official municipal data, garnered nearly $870 million (E840 million) in revenue from the festival in 2024.

Carnival suffered during early pandemic days, shifting to a loss and taking on debt as cruising came to a temporary halt. But over the past few years, Carnival has turned things around by cutting ...

Shares of Carnival (NYSE: CCL)(NYSE: CUK), the world's largest cruise line operator by revenue, have declined 16% so far this year. Smaller rival Norwegian Cruise Line(NYSE: NCLH) has fared even ...