Browsed by
Author: dzadmin

Norwegian Cruise Line president leaves company

Norwegian Cruise Line president leaves company

Norwegian Cruise Line President David Herrera has left the company, with the head of its parent company taking over for now.

Harry Sommer, the current president and CEO of Miami-based Norwegian Cruise Line Holdings, which oversees NCL as well as Oceania and Regent Seven Seas, will assume day-to-day responsibilities for the company’s marquee cruise line effective immediately, according to a statement from the company.

“Aligned with our continued strategic evolution and focus on our charting the course strategy and 2026 targets, NCL is entering a transformative chapter in its nearly 60-year history that will elevate the guest experience even further,” Sommer said in an emailed statement. “Marked by seven next-generation ships on order, major enhancements underway at Great Stirrup Cay, the greatest private island in the Caribbean, and an expanded Caribbean presence, the brand is well-positioned for meaningful growth.”

Sommer had previously served as NCL president after taking over for Andy Stuart in late 2019. He then took over the parent company when Frank J. Del Rio retired in 2023. read more

Annual fees over $500? Here’s when they make sense

Annual fees over $500? Here’s when they make sense

High-end credit cards are nothing new. American Express has been catering to a discerning crowd since the 1960s, while airlines began partnering with Visa and Mastercard in the 1980s to launch airline credit cards for loyal travelers.

Related Articles

Cards with triple-digit annual fees are becoming more common, with even several “midmarket” cards upping fees to around $150. But that’s pocket change compared to premium card annual fees of $500 or more.

High annual fees get a mixed reaction from consumers. A NerdWallet survey, conducted online by The Harris Poll, found that 57% of Americans say no annual fee would be important to them if they were applying for a new credit card. read more

Wall Street falls as Nvidia, Palantir and other AI stars keep sinking

Wall Street falls as Nvidia, Palantir and other AI stars keep sinking

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Nvidia, Palantir and other superstar stocks that had surged in the mania surrounding artificial-intelligence technology are dragging Wall Street lower again on Wednesday.

The S&P 500 fell 0.5% and was heading for a fourth straight loss after setting an all-time high last week. The Dow Jones Industrial Average was up 3 points, or less than 0.1%, as of 11:35 a.m. Eastern time, and the Nasdaq composite was 1% lower.

Nvidia, whose chips are powering much of the world’s move into AI, dropped 1.6% and was on track to be the heaviest weight on Wall Street for a second straight day following its 3.5% fall on Tuesday. Palantir Technologies, another AI darling, sank 4.7% to add to its 9.4% loss from the day before.

Trading was shaky, and Nvidia pared a loss from earlier in the morning that got as bad as 3.9%, which helped indexes also mute their losses.

One possible contributor to the swoon was a study from MIT’s Nanda Initiative that warned most corporations are not yet seeing any measurable return from their generative AI investments, according to Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management. read more

Trump thinks owning a piece of Intel would be a good deal for the US. Here’s what to know

Trump thinks owning a piece of Intel would be a good deal for the US. Here’s what to know

By MICHAEL LIEDTKE, Associated Press Technology Writer

SAN FRANCISCO (AP) — President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realized, the investment would deepen the Trump administration’s involvement in the computer industry as the president ramps up the pressure for more U.S. companies to manufacture products domestically instead of relying on overseas suppliers.

What’s happening?

The Intel logo
FILE – The Intel logo is displayed on the exterior of Intel headquarters in Santa Clara, Calif., Jan. 12, 2011. (AP Photo/Paul Sakuma, File)

The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the U.S. government would become one of Intel’s largest shareholders and blur the traditional lines separating the public sector and private sector in a country that remains the world’s largest economy.

Why would Trump do this?

In his second term, Trump has been leveraging his power to reprogram the operations of major computer chip companies. The administration is requiring Nvidia and Advanced Micro Devices, two companies whose chips are helping to power the craze around artificial intelligence, to pay a 15% commission on their sales of chips in China in exchange for export licenses. read more

Theme park shifts: Epcot acts, ‘small world’ song, Baby Shark

Theme park shifts: Epcot acts, ‘small world’ song, Baby Shark

Orlando’s theme parks have rolled out a few new things with familiar feels lately. These additions aren’t the kind of things that prompt cross-country trips or land in splashy ad campaigns, but they can enhance outings to the attractions.

Seating sequel

Don’t pull up a chair to watch “Acrobatico!” That could ruin the whole act.

The new performance at Epcot’s France pavilion is a one-person show with feats of balance and strength, hints of mime, and an increasing number of stacked chairs. It’s gentle, engaging humor.

It’s also going to remind Epcotters of “Serveur Amusant,” a similar act that hasn’t been seen at the theme park in about five years. That was a two-person show, including a chef character who used a whistle persistently, and it stacked chairs higher, perhaps perilously so.

Epcot visitors watch the new 'Acrobatico!' street performance in the France pavilion of the theme park. The artist mixes a balancing act with chairs with mime, comedy, crowd interaction and jump roping. (Dewayne Bevil/Orlando Sentinel)
Epcot visitors watch the new “Acrobatico!” street performance in the France pavilion of the theme park. The artist mixes a balancing act with chairs with mime, comedy, crowd interaction and jump roping. (Dewayne Bevil/Orlando Sentinel)

There’s a lot of buildup in “Acrobatico!” as the performer sets the scene. She creates a boundary with a tricolored rope, sets the table and interacts with passers-by. Eventually, the stacking of chairs carefully begins with an athletic pose at each stage. Again, there’s authentic French music, heavy on accordion. I did not miss the whistle. read more