Technology

Sea freight orders point to sharp drop in consumer demand

Sea freight orders point to sharp drop in consumer demand

For the maritime industry to halve its carbon footprint by 2050, promising technologies need to become a reality, and efficiency gains need to increase. Lucy Nicholson | Reuters There has been a significant consumer pullback in the ocean shipping industry, with logistics managers telling CNBC they saw a 20% drop in ocean orders in September …

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Stock market news live updates: Stocks surge as Wall Street climbs out of brutal September

Stock market news live updates: Stocks surge as Wall Street climbs out of brutal September

U.S. stocks rebounded on Monday morning after the S&P 500 and Nasdaq Composite ended their first three-quarter losing streak since the 2008 global financial crisis, while the Dow posted its first such drop since 2015. The benchmark S&P 500 opened up 1%, while the Dow Jones Industrial Average gained 330 points, or about 1.2%. The …

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Credit Suisse shares slide despite moves to ease investor concerns

Credit Suisse shares slide despite moves to ease investor concerns

Credit Suisse in market turmoil ahead of reforms Shares fell as much as 10% in early trade Monday Banks’ euro-denominated bonds hit record low Swiss bank says its capital and liquidity are strong ZURICH, Oct 3 (Reuters) – Shares in Credit Suisse (CSGN.S) fell as much as 10 percent on Monday, reflecting concerns over a …

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Peloton will put bikes in every Hilton-branded hotel in the U.S.

Peloton will put bikes in every Hilton-branded hotel in the U.S.

Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California on April 7, 2020. Ezra Shaw | Getty Images As part of the partnership announced Monday, Peloton will drop bikes at all 5,400 Hilton-branded properties in the U.S., as the bike maker works to expand its reach. The partnership will …

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Amazing tractor and truck museum collection being auctioned

Rare vintage farm tractor sells for $420,000 at multi-million dollar auction

Do you think used cars Expensive these days. A rare farm tractor has been auctioned for $420,000. Willmar Little Oak from 1917 is part of the George and June Schaaf Tractor and Truck Museum collection. The Frankfurt, Illinois, attraction closed this year after three years in operation. Prestigious Chicago Truck and Tractor Museum auctions off …

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Kim Kardashian Pays Over $1M to Settle SEC Charges Related to Crypto Promotions on Her Instagram

Kim Kardashian Pays Over $1M to Settle SEC Charges Related to Crypto Promotions on Her Instagram

Reality star Kim Kardashian launched private equity fund Skky Partners, which she co-founded with Jay Sammons, a former partner at investment firm The Carlyle Group. James Devaney/GC Photo via Getty Images Kim Kardashian’s crypto mishap landed her in a bind with federal regulators. The agency announced Monday morning that the reality TV superstar and influencer …

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Record Tesla deliveries spark demand concerns

Record Tesla deliveries spark demand concerns

Tesla (TSLA) on Sunday reported record third-quarter vehicle deliveries, but well below expectations. The report could exacerbate demand concerns, especially in China, as Elon Musk’s electric car giant ramps up production. X Tesla shares fell sharply on Monday morning after falling below short-term lows on Friday. Tesla delivered 343,830 electric vehicles in the third quarter, …

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Economist Sri Kumar says Credit Suisse won't spark Lehman moment

Economist Sri Kumar says Credit Suisse won’t spark Lehman moment

The president of Sri-Kumar Global Strategies said concerns about Credit Suisse’s financial health were growing — but that didn’t mean the market was heading for a “Lehman moment.” “I think the Fed is going to have to face the consequences of the credit event,” Komal Sri-Kumar told CNBC’s “Squawk Box Asia” on Monday. “Something’s going …

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