February 20, 2020: Former passengers of the Diamond Princess cruise ship board a Taxi to leave after spending weeks on board in quarantine due to fears of spreading the COVID-19 Coronavirus in Yokohama. (Photo by Stanislav Kogiku/SOPA Images/LightRocket via Getty Images)
Princess Cruises, which had one of its ships quarantined off the coast of Japan last month, is suspending global operations through early May because of the coronavirus pandemic.
The cruise line, which is part of Carnival Corp., said Thursday that 18 cruise ships will cease voyages that were scheduled to depart between March 12 and May 10.
Japanese authorities quarantined the Diamond Princess cruise ship off the port of Yokohama for a two weeks after 10 passengers were initially diagnosed with the COVID-19.
The Miami cruise operator said those currently on cruises that will end in the next five days will continue to sail as expected so that travel arrangements aren't disrupted. Sailings underway that extend past March 17 will end at the most convenient location for guests, factoring in operational requirements.
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.