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Specialized, one of the leading manufacturers of high-end bicycles and e-bikes, has launched its first-ever value segment of e-bikes under the Globe line. The company’s launch model is an electric cargo bike known as the Globe Haul ST.

While Specialized calls it a cargo bike, the shorter wheel-base that keeps it in “normal bike” proportions helps put it into a class we often refer to as utility e-bikes. These are e-bikes with extra cargo capacity for hauling extra cargo or passengers, but without the extra bulk and length often associated with oversized electric cargo bikes.

The Globe Haul ST is priced at US $2,700, which might seem to be a bit higher than most budget-oriented e-bikes yet is positively low-cost for a premium brand like Specialized.

specialized globe haul ST

The company is pitching the Globe Haul ST as an affordable car-replacing electric bike that can handle many of the daily tasks that many people accomplish with a much larger vehicle.

As the company explained:

The Globe Haul ST represents a new category of e-bike for Specialized, one that fills the gap between a commuter e-bike and a car. The Globe line is designed with increased load capacity and a versatile accessory mounting system allowing riders to travel comfortably around the suburbs and exurbs as well as the off-the-beaten paths of their outdoor adventures.

specialized globe haul ST

Compared to many of Specialized’s electric bicycles that lean more toward European-style e-bike designs, the Globe Haul ST is rather Americanized.

That means a powerful 700W hub motor, a massive 772 Wh battery touting 60 miles (96 km) of range, large tires in a 20×3.5″ size, and a massive weight capacity of up to 419 lb. (190 kg).

Oh yeah, and the Class 3 top speed of 28 mph (45 km/h).

That being said, it’s missing one major piece of kit loved by the majority of North American riders: a throttle option. When we first got a look at teaser pics, I called out a thin wire tracing its way up to the right handlebar end. As it didn’t terminate in the brakes and thus couldn’t have been a common brake sensor, I suggested that it may be a giveaway for a throttle. Unfortunately I was a bit too optimistic, as it turns out it’s the switch for the ultra-bright 1,500 lumen headlight.

However, one of the many accessories option includes a plug-in throttle, so it sounds like the company is prepared to offer that option to those that prefer the ability to put their legs on autopilot for a period.

In true Specialized fashion, the bike is outfitted with some very nice parts compared to today’s mid-level e-bikes. Microshift’s 9-speed transmission makes an appearance, as do hydraulic disc brakes on massive 203 mm brake rotors, and there’s even a torque sensor for ultra-smooth and responsive pedal assist.

There’s a telescoping seat post that drops down ultra low for riders as short as 4’5″ (135 cm) or as tall as 6’4″ (193 cm). The rear rack is dual level to create enough space for panniers to clip on while potentially leaving the top bars unencumbered for extra cargo loading.

That rack seems to be a central part of several accessory options, as the company explained:

To further separate itself from the pack, the bike comes with a versatile mounting system and ecosystem of specifically-engineered accessories that allow riders to personalize with the storage and seating configuration best suited to their needs. The Globe Haul ST launches with an accessory line that includes front and rear pannier adaptors, a rear passenger seat, handlebars, and foot pegs, an MIK-ready front rack, rear wheel cover, and plug-in throttle. A rack customization kit also provides various hardware to bolt on just about anything to the front.

Even less critical parts like the included brass bell appear to be nicer quality than the typical accessories slapped on a lot of direct-to-consumer e-bikes.

Priced at US $2,700, the Specialized Globe Haul ST is available in dark and light colorways of Satin Obsidian and Gloss White Mountains. The bike is currently only available in the US, but Specialized representatives have told Electrek that there are still plans to expand international distribution “in the future.”

Electrek’s Take

I’m pretty darn impressed with the Globe Haul ST, and I’m glad to see a throttle option, even if it’s an up-charge. I can already tell you that the lack of a throttle would have considerably cut into the bike’s potential sales in the US. It’s not that all e-bikes have to come with a throttle – I love pedal assist as well. But there are so many US e-bike riders that simply won’t look at an e-bike that doesn’t at least give them the option of throttling when they’re tired.

I think it’s hard to talk about these step-through utility bikes without mentioning the RadRunner, especially since they borrow heavily from the setup popularized by Rad Power Bikes a few years ago. Even the nicest $2,500 RadRunner 3 Plus is still a bit more affordable than the Globe Haul ST, though I doubt Rad can compete with the quality of a brand like Specialized.

I’m loving the loadout here. And I’m loving the fact that you’re basically getting Specialized quality and attention to detail at a more direct-to-consumer price. In fact, the packaging and owners manual alone speak volumes about this e-bike and the company behind it. Most direct-to-consumer e-bikes expect you to say thanks for including a couple Ikea-quality hex wrenches produced out of a steel-butter alloy. But the Globe Haul ST comes with a full tool kit including a freakin’ torque wrench to make sure you not only assemble the bike properly but also torque all the bolts to spec. Mmmm, I love that.

Though for those that don’t want the hassle of self-assembly, Specialized also offers an option to have the bike shipped to their local dealer for professional assembly.

Images from the Globe Haul ST assembly manual

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Paris’ popular bike share program has a big sticky finger problem

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Paris' popular bike share program has a big sticky finger problem

Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.

According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.

“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.

The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.

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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.

Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.

And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.

The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.

Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.

That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.

The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.

Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.

The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.

Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.

In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.

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CNBC Daily Open: Elon Musk, founder of companies and political parties

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CNBC Daily Open: Elon Musk, founder of companies and political parties

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.

Nathan Howard | Reuters

When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

And finally…

An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.

Thomas Peter | Reuters

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CNBC Daily Open: Most people don’t start a political party after separation

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CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

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