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With a resurgence of travel demand driving strong earnings and analyst upgrades, the cruise line industry appears to be entering a new bullish regime. While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. Starting with the weekly chart, we can see that over the last 18 months, Carnival had found consistent resistance around $19.50. Through the course of 2024, numerous tests of this price resistance led to a pullback down to around $14, as the stock settled into a fairly consistent price range. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. Or as legendary technical analyst Alan Shaw used to say, "The broader the ...

Avishek Das | Lightrocket | Getty ImagesFBI agents on Thursday morning arrested a 25-year-old Alabama man on charges related to the hack in January of the Securities and Exchange Commission's X account, which led to the price of bitcoin spiking by more than $1,000, the Department of Justice announced.The man, Eric Council Jr., is charged with conspiracy to commit aggravated identity theft and access device fraud, the DOJ said. The Athens resident is expected to appear later Thursday in U.S. District Court for the Northern District of Alabama.Council is accused of conspiring with others to hack the SEC's account and send a fake tweet in the name of the agency's chairman, Gary Gensler, on Jan. 9 that said, "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered nationa...

Intel products sold in China have been recommended for a security review by a local trade association that alleges the U.S. chipmaker poses "serious risks" to national security. In a statement on Wednesday evening, the Cybersecurity Association of China outlined alleged vulnerabilities in Intel's CPU chips, claiming that flaws in product quality and security management show an "irresponsible attitude toward its customers," according to a Google translation.CSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users. Read more about chip stocks from CNBC ProDaniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in re...

Travelers Insurance offices in New York City.Adam Jeffery | CNBCTravelers Companies' third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%.Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto and property.Core income of Travelers, often seen as a sector bellwether as it typically reports results before peers, jumped nearly three-fold to $1.22 billion, or $5.24 per share, in the three months ended Sept. 30. Analysts polled by LSEG had forecast a profit of $3.55 per share.Net written premiums rose 8% as all its units grew. Underwriting gains climbed to $6...