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The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza. U.S. tech behemoths including Tesla , Meta , Microsoft and Google parent Alphabet are all scheduled to release results in the coming days. "If I look at what we can read out of the current market, I would say that there is clearly a lot of froth within the technology sector. The world's largest sovereign wealth fund, which was valued at 17.7 trillion kroner ($1.6 trillion) at the end of March, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector. To date, the fund has put money in more than 8,800 companies in over 70 countries around the world, making it one of the largest investors across the globe.
Persons: Nicolai Tangen, CNBC's, NBIM Organizations: Meta, Microsoft, Google, Elon Musk's EV, Tesla, Nasdaq, Nvidia, Norges Bank Investment Management, Government Pension Fund Locations: U.S
Read previewA class action claim filed against LGBTQ+ dating and hookup app Grindr alleges that "potentially thousands" of UK app users had their private information, including HIV statuses, shared with third parties. The claim, lodged on Monday by UK-based law firm Austen Hays, accuses Grindr of breaching UK data-protection laws by sharing sensitive information with third parties without users' consent. Austen Hays alleges that the data breaches occurred before April 2018 and between May 2018 and April 2020, "although they may extend to further periods," it said. With more of us finding love and connections online, the risk of extremely personal data being shared and potentially monetized is growing. In an email statement sent to Business Insider, a Grindr spokesperson said: "We are committed to protecting our users' data and complying with all applicable data privacy regulations, including in the UK."
Persons: , Austen Hays, Grindr, Chaya Hanoomanjee Organizations: Service, Business, Norwegian Data Protection Authority, Data
Companies that are spending big internally to grow their businesses should start outperforming if the economy remains on strong footing, according to Goldman Sachs. The Wall Street bank is advising clients consider buying companies with a high level of capital expenditure and research and development expenses. Those companies have outperformed those returning cash to shareholders via buybacks and dividends this year by 2 percentage points, Goldman said. In this environment, investors typically reward companies investing for growth when economic growth is accelerating, if history is any guide, Goldman said. The firm found a slew of stocks in the S & P 500 with the highest percentage of capex and R & D per market cap.
Persons: Goldman Sachs, Goldman, David Kostin Organizations: Norwegian Cruise Line, United Airlines, American Airlines, Delta Air Lines, Meta, Intel, HP, Western Digital Locations: Norwegian, United
Fearing that its Stryker armored vehicles were outgunned by Russian and Chinese designs, the US Army had an idea for a quick fix: Develop an unmanned Stryker turret with a 30-mm autocannon. The Army obliged in 2018 with the Infantry Carrier Vehicle-Dragoon, which added a remote-controlled 30-mm gun turret — manufactured by Norwegian firm Kongsberg — to 91 flat-bottom-hull versions of the Strykers. This would be enough to upgrade Strykers in three brigades of 83 vehicles each, plus an additional 20 for testing. Instead of a Kongsberg MCT-30 turret, the vehicles would receive a Samson turret made by Israeli firm Rafael. A big red flag should have been the glitches in the turret software that degraded the 30-mm cannon's accuracy.
Persons: Germany —, Rafael, Stryker, Kevin Payne, Mona Sehgal, Sehgal, Michael Peck Organizations: Service, Stryker, US Army, Business, Army, 2nd Cavalry Regiment, General Dynamics Land Systems, VN, Infantry Carrier Vehicle, Dynamics, The Army, Systems, Oshkosh Systems, Northrop, Hull, GAO, Oshkosh, Department of Defense, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Asia, Germany, Russia, Norwegian, Kongsberg, Oshkosh, Forbes
A Team USA bodysuit is reigniting a conversation about the design of women's athletic outfits. Following the reveal of the showy unitard, athletes quipped that they would definitely need a thorough wax to wear the women's piece. Jordana Katcher, Nike's vice president for global sports apparel, also told the Post that several women athletes had requested the unitard specifically. Black women athletes are often hyper-sexualized or painted as angry or evil. Women athletes in sports like gymnastics, volleyball, and track and field are sometimes expected to wear bikini bottoms or short leotards.
Persons: Lauren Fleshman, , Tara Davis, Woodhall, Anna Cockrell, Stephanie Lecocq, Jordana, Queen Harrison, Claye —, Harrison, Claye, Marc Atkins, Fleshman, Naomi Osaka, Sha'Carri Richardson, Angel Reese, Caitlin Clark, Reese, Emmanuel Acho, Katie Moon, Voss, FABRICE COFFRINI, Organizations: Service, USA, Olympic, Washington Post, Reuters Nike, Nike, Business, Team USA, British, Getty, New York Times, BBC, International Handball Federation, Tokyo Locations: Washington, AFP, Norwegian
A NATO commander says sea cables and pipelines holding sensitive materials are vulnerable. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementImportant deep sea cables and pipelines are at risk, warns NATO's Allied Maritime Command's deputy commander Vice Adm. Didier Maleterre. We need to be protected and well supplied by our vital undersea infrastructures," Maleterre told the Guardian on April 16. He said that "Russia is clearly taking an interest in NATO and NATO nations' undersea infrastructure."
Persons: , Adm, Didier Maleterre, Maleterre Organizations: NATO, Service, Command's, Guardian, Washington Post Locations: Russia, Russian, Ukraine, Moscow, Canada, Europe, Estonia, Finland, Norwegian, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how cruise leaders made their comebackRoyal Caribbean's stock price reached an all-time high in April of 2024 as the company spearheads the cruise industry's epic return. The three industry titans – Carnival, Royal Caribbean and Norwegian – kicked off 2024 with booking at an all time high. Find out how the three companies made their return and why investors are eager about them again.
Persons: Norwegian – Organizations: Royal Locations: Royal Caribbean, Norwegian
Carnival , Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. It's an impressive turnaround after the industry was largely halted for 15 months after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S.And Royal Caribbean has been leading the way. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. 1 reason why Royal Caribbean has outperformed its peers and recovered the fastest is because they issued the least amount of equity during the pandemic. All of the companies had to issue equity.
Persons: It's, Brandt Montour Organizations: Royal, Centers for Disease Control, Barclays Locations: Royal Caribbean, U.S, Caribbean, Norwegian
Read previewCruise bookings are predicted to reach record highs this year, but not all itineraries are created equally — especially if you're looking to sail with Disney Cruise Line. When I book, I always make sure Disney's private island in the Bahamas, Castaway Cay, is on the port of call. AdvertisementCharacters usually meet in the morning from around 9 a.m. until 11 a.m., but exact times can always be found on the Disney Cruise Line app. AdvertisementAnd, before I head back to the ship, I stop at the Castaway Cay post office to send postcards back home. Megan duBoisThe postcards I use can be found in the desk drawer of Disney Cruise Line staterooms, and are free to take.
Persons: , I've, Megan duBois, Megan duBois Castaway, it's, Mickey, Mickey Mouse, Minnie Mouse, Megan duBois There's Organizations: Service, Disney Cruise, Disney, Business Locations: Bahamas, Castaway, Megan duBois Castaway Cay, Disney
Ulrike Lemmin-WoolfreyI put on my boots and warm jacket and ran out of the snow hotel and into the night, where it was snowing beautifully. I ran across the path into the chalet my husband — already aware of my nighttime habits — had booked at a discounted price. On the hotel's website, one night in a one-bedroom chalet in February is listed at 8,000 Norwegian Krone, or $743. So, I peed in our private bathroom, slid into a real bed, with a real blanket, no dead reindeer or sleeping bag to battle with, and slept contentedly. But I'd only do it for one night, then off into the chalet for the next.
Persons: Ulrike Lemmin,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorwegian Cruise Line CEO on why they are 'the biggest growth story' in the cruise sectorHarry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more.
Persons: Harry Sommer Organizations: Cruise, Norwegian Cruise
The cruise continued sailing, and the tour company said they left her with other stranded cruisers. AdvertisementIt wasn't a surprise to Julie Lenkoff's family that she was going on another cruise. During the tour, she passed out and fell, Diogo Beirão, the chief operating officer of the tour company, confirmed to BI. Kurt said he and the rest of Lenkoff's family had no idea this was happening since Norwegian hadn't contacted them. Kurt GiesToday, Lenkoff is in critical conditionSince arriving at the hospital in California, Kurt told BI that Lenkoff has undergone numerous tests and scans.
Persons: Julie Lenkoff, Lenkoff, , Julie Lenkoff's, Kurt Gies, Lenkoff's, Lana Gies, Kurt, Navetur, Diogo Beirão, Beirão, hadn't, São, Jay Campbell, should've, WRAL, Jill Campbell, Lana, Julie, gurney, Kurt Gies Kurt, would've Organizations: Service, Stanford Medical Center, BI, Campbells, North, Apple, Lenkoff Locations: Norwegian, Africa, São, Gambia, African, American, Lisbon, Portugal, United States, Toronto, San Francisco, California
Eight passengers were left stranded on São Tomé and Príncipe after missing a cruise ship's boarding deadline. After missing the boarding deadline, the eight people were stuck in São Tomé and Príncipe, an island nation of some 220,000 people off West Africa. It took them six days to get back on the Norwegian Dawn cruise ship, as they missed a chance to re-embark in Gambia before finally getting on board in Senegal. AdvertisementShe explained that cruise lines will hold the ship for passengers on an excursion organized by the company. Jill Campbell, one of the stranded passengers, told NBC News she believed Norwegian Cruise Line had fallen short in a '"basic duty of care."
Persons: , Gracie O'Connor, O'Connor, Tomé, you've, Jill Campbell Organizations: Service, Norwegian, NBC News, Norwegian Cruise Locations: Norwegian, West Africa, Gambia, Senegal
The military said that only the booster was activated, not the engine that takes over after launch, and not the warhead, so the missile could not travel far and the warhead could not detonate. The missile test on Thursday was conducted aboard a frigate, the Niels Juel, in the port of Korsør, which sits beside the Great Belt. The Great Belt is the strait between Denmark’s two largest islands, Zealand and Funen, and is part of the main shipping route between the North Sea and the Baltic Sea. “From those I have spoken to in the Navy, they are taking it very calmly,” said Søren Nørby, an assistant professor at the Norwegian Defense Academy. If it goes off, there is about 52 kilograms of metal object flying and falling down.”
Persons: Flemming Lentfer, Niels Juel, , Søren Nørby Organizations: Navy, Norwegian Defense Academy, Locations: U.S, Yemen, Korsør, Zealand, Funen, Baltic
Eight passengers chased their cruise ship around Africa for six days. They were stranded in São Tomé and Príncipe and missed a chance to re-embark in Gambia. AdvertisementA group of passengers left stranded on a small African island after missing a boarding deadline finally managed to rejoin their cruise ship on Tuesday after chasing it for almost a week. The couple had considered not rejoining the ship, believing that Norwegian Cruise Line had fallen short in a '"basic duty of care," Campbell told NBC News. But, six days after being left behind in São Tomé and Príncipe, the cruise line confirmed the eight passengers, including the Campbells, finally re-embarked in Senegal on Tuesday.
Persons: , São, Jill Campbell, Campbell Organizations: Norwegian Cruise Line, Service, Business, Príncipe Coast Guard, ABC, NBC News, Cruise, NBC, Campbells Locations: Africa, Norwegian, Senegal, Gambia, West Africa, Banjul, São, Dakar
CNN —One of the earliest books in existence is expected to fetch upwards of $2.6m when it goes up for auction later this year. The Crosby-Schøyen Codex, which was written in Coptic on papyrus in Egypt, is the earliest Christian liturgical book, according to the international auction house Christie’s, which will be holding the sale in London on June 11. Carbon dating suggests the book dates back to sometime between the middle of the 3rd and 4th centuries. One of the earliest witnesses to the spread of Christianity, the codex features the first epistle of Peter and the Book of Jonah. As such, the codex is the oldest known book in private hands.
Persons: Crosby, Peter, Jonah, Bodmer, Martin Schøyen, Eugenio Donadoni, , ” Donadoni, Christie’s Organizations: CNN, University of Mississippi, Saint, Christie’s Locations: Egypt, London, Christie’s, Upper Egypt, York
For some, plans for where to fly, drive and stay to hopefully catch a glimpse of the last total solar eclipse in the contiguous United States until 2044 have been in place for months or even years. The total solar eclipse’s path of totality — where the moon completely blocks the face of the sun — stretches across portions of 13 US states as well as parts of Canada and Mexico. A view from a plane during an eclipse flight from the Russian city of Murmansk to observe a solar eclipse on March 20, 2015, above the Norwegian Sea. Airbnb reports a 1000% surge in searches for stays along the entire path of totality over the solar eclipse weekend for check-ins on April 7, 2024. Austin and the surrounding Hill Country area and Indianapolis are among the most booked destinations across all of North America on Airbnb for the solar eclipse weekend, Thorn said.
Persons: Mark Littmann, ” “, ” Littmann, , ” Judette Louis of, TikTok ”, Louis, , there’s, Littmann, “ You’ve, Steven Robicsek, Steven Robicsek Steven Robicsek, Robicsek, “ It’s, haven’t, Robyn Beck, Katy Nastro, ” Nastro, Sergei Karpukhin, Ben Kaufman, JSX, ” Kaufman, St . Louis, Jeff Roberson, Haven, Thorn, Madison Graça, Graça, ” Graça Organizations: CNN, North, Eclipse, Getty, Houston, Austin, Little, Evansville, Chicago, Indianapolis, Dallas Love Field Airport, Flight Museum, AP, Airbnb, Diego, Madison Locations: United States, Canada, Mexico, ” Judette Louis of Tampa , Florida, Cleveland , Ohio, Tampa, Cleveland, Sandy Run , South Carolina, Gainesville , Florida, Waco , Texas, Florida, La Pine , Oregon, AFP, Dallas, Memphis, Nashville, Russian, Murmansk, Norwegian, Kerrville , Texas, San Antonio, Austin, St ., Richardson , Texas, Springs , Arkansas, Bloomington , Indiana, Indianapolis, North America, Texas, San Diego, Hico , Texas, Oregon
Read previewA couple says they were stranded on a small African island after they missed a cruise ship's boarding deadline, according to local media. Jay and Jill Campbell, from Garden City, South Carolina, described their ordeal with a Norwegian Cruise Line ship in an interview with WPDE, their local ABC affiliate. The cruise line said the passengers missed the "all aboard time of 3 p.m. local time." AdvertisementThough cruise ships need to stay punctual, ruined-vacation stories like this are a reputational risk and might put people off. Last September, more than 200 people got stuck in a remote part of Greenland after their cruise ship ran aground.
Persons: , Jay, Jill Campbell, WPDE, Campbells, São, Jay Campbell, concussed Organizations: Service, Norwegian Cruise Line, ABC, Business, Norwegian Dawn, Príncipe Coast Guard, Campbells, Norwegian Cruise, MSC, Royal Locations: Garden City , South Carolina, West Africa, Norwegian, Gambia, Senegal, Greenland, Brisbane, Royal Caribbean
The cruise line is pitching this 2027 voyage as a “once-in-a-lifetime experience” on board its Seven Seas Splendor liner. The living room area of the Regent Suite, available for $1.7 million on Regent Seven Seas Cruises' upcoming 2027 world cruise. Onboard decadenceWhether guests opt for the Regent Suite or not, prospective Regent Seven Seas Cruises travelers should expect onboard decadence. Cruise line president DeMarco told CNN Travel that the fact Regent Seven Seas’ world cruise is “truly all-inclusive” means there’s “value” associated with these high costs. The cruise line is currently operating a sold-out 2024 world cruise on board its Seven Seas Mariner cruise ship, while its 2025 world cruise also sold out in what Regent Seven Seas’ claimed was “record time.” The cruise line’s 2026 world voyage still has suites available at time of writing.
Persons: CNN —, Andrea DeMarco, there’s, DeMarco, Joan Miró, Picasso, filet mignon Organizations: CNN, Regent Seven Seas Cruises, CNN Travel, Regent, Regent Seven, Suite, Regent Seven Seas, Seas, Norwegian Cruise Line Holdings, Seven Seas, Seven Locations: Bali , Sydney, Mumbai
CNN —Barcelona and Paris Saint-Germain both reached the semifinals of the Women’s Champions League with dominant performances to set up two thrilling clashes in the last four. “Tonight was a good example of what my team are,” Barcelona head coach Jonatan Giráldez added. However, the French side stamped its authority on the match in the opening stages and deservedly broke the deadlock after 27 minutes thanks to Chawinga’s unerring left-footed finish off the post. PSG will rightly feel confident going into the semifinal against European powerhouse Lyon, with the team currently on a 22-match unbeaten run and 11-game winning streak at home. Thibault Camus/AP“It was a good game, there are many reasons to be satisfied,” PSG head coach Jocelyn Prêcheur said, per UEFA.
Persons: Germain, Ballon, Aitana Bonmatí, Fridolina Rolfö, Patricia Guijarro, Barça, Lyon, Tabitha Chawinga, Korbin Albert, Marie, Antoinette Katoto, Bonmatí, Barça hasn’t, Tomine Svendheim, Guijarro, Caroline Graham Hansen, Fridolina, Albert Gea, , Jonatan Giráldez, deservedly, Chawinga’s unerring, Albert, Katoto, Thibault Camus, Jocelyn Prêcheur, it’s, Organizations: CNN —, Paris Saint, Women’s, League, Norwegian, Brann, Chelsea, PSG, Women’s Champions League, Lyon, Rolfö, Reuters, UEFA, , ” Barcelona, ” PSG, European, Parc des Princes Locations: CNN — Barcelona, Paris, Thursday’s, Norway, Barcelona, ” Barcelona, Parc des
Wild brown bear populations across Europe have bounced back from the brink of extinction, and animal conservationists are thrilled. Some countries are arguing that law lies too far in the bears’ favor at the expense of human lives. Several European Union (EU) countries who are in favor of watering down bear protections are now taking their fight to the bloc’s headquarters in Brussels. How to deal with bear attacks have been on the political agenda of some of the EU’s 27 member countries for years. But some people argue that there are more humane ways to prevent bear attacks.
Persons: CNN —, Liptovský Mikuláš, John Linnell, , , Dominika Zarzycka, ” Linnell, “ It’s, Robin Rigg, Bruno, there’s, Linnell Organizations: CNN, Authorities, European Union, EU Environment Council, Norwegian Institute for Nature Research, , Getty, Slovak Wildlife Society, EU Locations: Slovakian, Liptovský, Slovakia, Europe, Brussels, Romania, Finland, EU’s, attractants, Germany, Italy, Hungary, Spain, Ireland, Malta, Cyprus, Japan
The oilfield services giant SLB , formerly known as Schlumberger, is aiming to accelerate the deployment of carbon capture technology through an investment in Norway's Aker Carbon Capture. SLB said late Wednesday that it will pay about $380 million, or 4.12 billion Norwegian kroner, for an 80% stake in the pure-play carbon capture company. SLB is targeting $3 billion in revenue from its new energy business by the end of the decade. CEO Olivier Le Peuch told analysts during the company's fourth-quarter earnings call that carbon capture and storage will be a leading contributor to that $3 billion target. SLB is participating in more than $400 million worth of tenders related to carbon capture and storage.
Persons: SLB, Olivier Le Peuch Organizations: Schlumberger Locations: Schlumberger, Aker
One of its cruises, the Carnival Legend, departed on Sunday for a seven-day round trip from the Baltimore port and will return instead to Norfolk. Competitors Royal Caribbean and Norwegian Cruise Line were up around 3% and 6% respectively at closing. American Cruise Line also frequents the Baltimore port on East Coast itineraries — its American Glory cruise is set to sail next week. The company has over 30 cruises scheduled from the Baltimore port for the rest of 2024. The Baltimore port is the 17th-largest in the US, and the bridge collapse has left six construction workers presumed dead.
Persons: , Josh Weinstein, Weinstein Organizations: Royal, Cruise, Service, Coast Guard, Royal Caribbean, Cruise Line, Washington Post . Locations: Baltimore, Norfolk , Virginia, Royal Caribbean, Baltimore's, Norfolk, New York, Washington, East
CNN —Getting to see even one total solar eclipse is a rare occurrence. Stan HondaFor the upcoming eclipse, Honda will be in Fredericksburg, Texas, taking pictures on behalf of international news agency Agence France-Presse. Here's an example from the total solar eclipse in 2017, as photographed from Madras, Oregon. How to practice eclipse photographyThe phases of a total solar eclipse as they unfolded in El Molle, Chile, in July 2019. Stan HondaOf all the stages of a total solar eclipse, the moment of totality is special and the one most photographers covet.
Persons: Stan Honda, ” Honda, astrophotographer, , that’s, “ You’ve, , , Honda, won’t, covet, “ That’s, what’s, I’ll Organizations: CNN, Honda, Agence France, Presse, NASA, American Astronomical Society Locations: Svalbard, Norwegian, United States, Mexico, Texas, Maine, Canada, Southern, Chile, Fredericksburg , Texas, , Fredericksburg, Austin, Madras , Oregon, El Molle
All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.
Persons: , James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S
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