At this time, I would like to welcome everyone to the NVIDIA's third quarter earnings call. With me today from NVIDIA are Jen-Hsun Huang, president and chief executive officer; and Colette Kress, executive vice president and chief financial officer. The webcast will be available for replay until the conference call to discuss our financial results for the fourth quarter and fiscal 2023. Read More...
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Why Carnival Stock Dived 13% Today
Carnival says it will use the proceeds from this debt offering to pay off principal on existing debt (i.e., roll over the old debt), as well as for general corporate purposes. In theory, this should mean that Carnival will be paying off notes that carry higher interest rates, with money from new notes that cost it less in interest. Logically, when we consider that interest rates have been trending higher as the Fed continues to hike its targeted federal funds rate, it seems more likely that Carnival would end up paying more on any new debt it issues, than what it pays on the debt it’s replacing.
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