SANTA CRUZ, Bolivia—The mayor of Rio de Janeiro, Eduardo Paes, announced the cancellation of the famous Carnival street festival on Jan. 4 during an online conference, making it the second year in a row the city canceled its highly-anticipated celebration. Rio de Janeiro is number 18 of 27 Brazilian capitals to call off their Carnival celebrations…
Is Carnival’s Stock Overvalued or Undervalued?
Carnival Corp. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 5.1 percent. Carnival stock has had a wild ride since the 2020 shutdowns, but investors may be wondering whether there’s any value in Carnival shares after its 2021 pullback. Earnings A price-to-earnings ratio (PE) is one of the…
Fairgoers Rush to Save Malfunctioning Carnival Ride
A big thank you to all the courageous people willing to try to save the helpless.
Shocking Video Shows Carnival Ride Almost Pitch Over—Until Fairgoers Rush to Save the Day
Hair-raising footage shows a carnival ride nearly gone horribly wrong in Traverse City, Michigan, during the 95th Annual National Cherry Festival on July 8. A video recorded the near-disaster as 10 passengers were hoisted high overhead and around again by the festively painted Magic Carpet Ride—but not all was going as planned. As the lift soared,…
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