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Benzinga
Benzinga
Business
Henry Khederian

Carnival Stock Is Cruising Higher Tuesday: Here's Why A December Rate Cut Could Be Huge

Carniva.site.Photo 5

Carnival Corp (NYSE:CCL) shares are trading higher Tuesday morning, lifted by a resurgence in bets that the Federal Reserve will slash interest rates in December. Additionally, shares of travel companies are also trading higher ahead of the Thanksgiving holiday. Estimates indicate that the travel period may be the busiest in 15 years.

According to CNN, the FAA is anticipating more than 52,000 flights Tuesday alone. Here’s what investors need to know.

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