Voi TechnologySwedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. “Already now we have seen seasonable profitability in some cities,” Fredrik Hjelm, Voi’s co-founder and CEO, told CNBC in an interview. Fredrik Hjelm CEO of Voi TechnologyVoi, however, is up against stiff competition

Sea Group-owned e-commerce firm Shopee said its order volume tripled in the first hour compared with last year. The shopping extravaganza started in China a decade ago but has since been adopted by retailers in Southeast Asia. Most of those online retail sales will come from mobile. Helming the growth of e-commerce in the region are companies like Lazada, Shopee and Indonesian players Tokopedia and Bukalapak. “If you look at online retail (portion) of the overall retail space, it’s still a very,

Markets point to a lower open as trade war concerns persist1 Hour AgoU.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods. CNBC’s Kate Rogers reports.

Twenty/20Thanksgiving may still be a few weeks away, but for millions of Americans, the holiday shopping rush has already begun. The study also found that 41 million Americans are still paying off holiday credit card debt from last year. It is possible to get your holiday shopping done without spending more than you want or ending up in credit card debt. Look carefully at your overall savings and budget to see how much money you can allocate to holiday purchases this year. “A lot of people still

Currently they own about 2.5 million small businesses in America in a host of industries, according to the Small Business Administration. “The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner,” said Scales. The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner. Still, some of her fellow small business owners are already facing rising prices, she said. Mut

Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way. Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year. Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t an

One of the worst-performing retail stocks this year just broke down even more. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over the same stretch. It could get worse for Gap, according to Craig Johnson, chief market technician at Piper Jaffray. “Gap shares are just purely out of fashion at this point in time,” Johnson said on CNBC’s “Trading Nation” on Friday. Erin Gibbs, chief investment officer at Gibbs Wealth Management, also sees Gap as a no-touch sto

Oil is a “broken barometer” and a “lagging indicator of Middle East stress,” according to Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets. “We have a market that is singularly focused on the demand side; the whole idea that Chinese demand is going to go off a cliff,” said Croft, a closely-watched oil market expert. But China’s crude oil imports are resilient, she added. In October, crude oil imports into China rose 11.5% from a year earlier to a recor

Rep. Peter King, R-N.Y., arrives for the House Republican Conference meeting in the basement of the Capitol on Thursday, May 29, 2014. New York Rep. Peter King says he will not seek reelection in 2020. The 14-term Republican congressman says in a Facebook post on Monday morning that the “prime reason” behind his decision was the commute. The 75-year-old King says he and his wife want “flexibility to spend more time with our children and grandchildren.” At least 20 House Republicans have announce

Kaiser Permanente chairman and CEO Bernard Tyson died unexpectedly in his sleep Sunday, the health care giant announced. One of the nation’s leading health care executives, Tyson was 60. He rose through the ranks during a 30-year career at Kaiser to become CEO in 2013. Over his tenure, the integrated health care system and health insurance giant grew from 9 million members, with more than 174,000 employees, to serve more than 12 million members with a workforce of 218,000. “His loss is a loss fo

U.S. stock index futures were lower Monday amid lingering U.S.-China trade worries worries while protests in Hong Kong escalate. ET, Dow Jones Industrial Average futures were down 118 points, indicating a loss of 136 points at the open. The stock market’s recent move to record highs comes in part because of improving sentiment around U.S.-China trade talks. With his comments on Friday, Trump dampened trade expectations in the market. Separately, another protester was set aflame after being douse

Microsoft’s 52-year-old chief executive officer, Satya Nadella, has proven himself a formidable leader, pushing the company to an extra $500 billion in market capitalization since he taking the helm five years ago. “(Burgum) said, look, you’re going to work … at Microsoft more time than you are going to even spend with your kids,” Nadella recalled at a Stanford University Graduate School of Business speech in October. “I take great pride in these people whom I’ve mentored or go on to do great th

Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value (GMV), a figure that shows sales across Alibaba’s various shopping platforms, surpassed last year’s 213.5 billion yuan record (nearly $30.5 billion) on Monday afternoon local time, and kept rising through the rest of the day. It was the 11th edition of the annual Singles Day event — also called the Double 11 shopping festival because it falls on Nov. 11. Ali

At least, not as far as the way a majority of Americans are currently planning to cast their votes in the 2020 presidential election. Near two-thirds of Americans (61%) say the 2020 election will be about issues other than the economy, according to a CNBC and Acorns Invest in You survey conducted by SurveyMonkey and released Monday. Thirty-four percent of Americans say they will vote on the economy, and that percentage rises with political party taken into account, but not even a majority of Rep

His remarks come amid increased criticism of the rich by certain U.S. presidential hopefuls, particularly Democratic Sen. Elizabeth Warren from Massachusetts. “I think it’s a huge problem,” Dimon said. I think you should vilify Nazis, but you shouldn’t vilify people who’ve worked hard to accomplish things. I think that most people are good; not all of them,” Dimon said in the Sunday interview. “I think you should vilify Nazis, but you shouldn’t vilify people who’ve worked hard to accomplish thin

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.” Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.” “It’s a serious mistake,” Khosrowshahi said on the show, add

People prepare their ballots at a polling station during the Spanish General Elections on November 10, 2019 in Madrid, Spain. Spain holds its fourth general election in four years on Sunday 10th November in the hope of breaking a prolonged political deadlock. Prime Minister Pedro Sánchez’s Socialists won Spain’s national election on Sunday but large gains by the upstart far-right Vox party appear certain to widen the political deadlock in the European Union’s fifth-largest economy. The far-right

Nikki Haley, the United States Ambassador to the United Nations speaks during a meeting with US President Donald Trump speaks in the Oval office of the White House October 9, 2018 in Washington, DC. Former United Nations ambassador Nikki Haley claims in her new memoir that two of President Donald Trump’s senior advisers tried to subvert him in order to “save the country.” “Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying

President Donald Trump’s decision to end the popular Obama-era immigration program that shields young migrants from deportation will be on the line Tuesday during oral arguments in a blockbuster case at the Supreme Court. The justices will hear extended arguments concerning whether the administration’s attempted termination of the Deferred Action for Childhood Arrivals program was lawful. It is also the latest test of how a conservative Supreme Court with two Trump appointees will treat the pres

It’s been two years since comedian Louis CK admitted in the New York Times that the allegations of lewd behavior made about him by several women were true. However, the current world tour is his most ambitious attempt yet to put his career back on track. When he admitted to the allegations against him, Louis CK became one of the most visible symbols of “cancel culture,” in which celebrities are boycotted and lose professional opportunities in response to allegations against them. Comedian, write