Royal Caribbean CEO: Future's Never Looked So Bright

Royal Caribbean CEO Richard Fain says millennials are the fastest-growing consumer for the cruise line. He tells us they are looking to travel with Royal Caribbean to create experiences. One way the company is specifically courting consumers is through virtual reality. Despite hits to service from hurricanes, Royal Caribbean posted record quarterly earnings this week. It generated $2.57 billion in revenue, slightly missing analyst expectations of $2.58 billion. Notably, net yields were up 5.3 percent year-over-year. Shares of Royal Caribbean are up 55 percent year-to-date. As part of Cheddar's special hour dedicated to entrepreneurs and their secrets to success with #MakeCheddar, Cheddar Anchor Kori Hale asked Fain's advice to those thinking about switching careers to #MakeCheddar. He said, "Follow your own mantra."

More In Business

April Jobs Report: Labor Market Cooling To A More Sustainable Pac

Gregory Daco, chief economist at EY breaks down April’s jobs report and what it means for the next few months

Big Business This Week: A 'Slow-Motion Murder' at Paramount, Tax Hikes (for the Rich) and is Walmart the New Whole Foods?

Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.

What Does Marijuana Reclassification Mean, Anyway?

The U.S. could pot-tentially deem marijuana as a less dangerous drug.

Federal Reserve Announces Its Decision on Interest Rates

Powell announced that the Fed will keep the interest rate at their current level of 5.25-5.5 percent, their highest for nearly 20 years.

Worried About Summer Gas Prices? Buy Energy Stocks

You could turn pain at the pump into a financial bump if you buy the dip on energy stocks, one analyst says.

With High Mortgage Rates, Is It Time to Consider a Tiny Home?

For most, buying a home is a far-reaching goal. With high mortgage rates and low inventory, it may be time to get creative and consider a tiny home.

Florida’s 6-Week Abortion Ban Takes Effect

The rules are affecting not just women who want therapeutic abortions, but also nonviable pregnancies for women who want to have babies.

Tom Brady’s Company, Autograph, Wants You To Engage With Your Favorite Athlete...Including the GOAT

Autograph revolutionizes fandom, allowing fans to engage with their favorite celebrities through digital collectibles, experiences, and rewards.

The Breakthrough Skin Cancer Vaccine That’s Changing the Game

A “cure for cancer” might be too ambitious, but recent results in skin cancer vaccine trials are injecting hope into the battle against it.

Sure, it's Not Exactly Fun, But Here's Why Financial Planning is So Important

Cetera Holdings CEO Mike Durbin sits down with Cheddar to discuss the important of financial planning, investment strategy and the state of today's market.

Load More