Ferrari NV
CONVERGE LIVE updates: Top executives from Binance, Ferrari and OpenAI to speak on day 2
Guest highlights for Thursday Benedetto Vigna, CEO of Ferrari, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Former U.K. Prime Minister David Cameron, Ferrari CEO Benedetto Vigna, Binance CEO Richard Teng and LIV Golf CEO Scott O’Neil are among the key speakers scheduled to take […]
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Goodyear Tire’s transformation plan is underway — in the sky and on the ground
A Goodyear blimp flies Goodyear AKRON, Ohio — Does the Goodyear blimp sell tires? That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan for the quintessential American company. For a […]
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CNBC Daily Open: Markets rise in a relief rally, but Alphabet earnings disappoint
The Google booth at ISE 2025, a professional congress, on Feb. 4, 2025 in Barcelona, Spain. Cesc Maymo | Getty Images News | Getty Images U.S. President Donald Trump on Monday paused tariffs on Mexico and Canada (but, notably, not China), and, in so doing, also stemmed the dip in stocks, at least for now. […]
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Stocks making the biggest moves midday: Ferrari, Spotify, PayPal, Palantir and more
Check out the companies making headlines in midday trading: Palantir Technologies — The software company surged 22% after reporting stronger-than-expected fourth-quarter results . Palantir attributed this earnings and revenue beat to its artificial intelligence platform gaining traction. The stock was on pace for its best day since Feb. 6, 2024, when it gained 30.8%. AMC […]
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Stocks making the biggest moves premarket: Pfizer, PepsiCo, Palantir, Merck & more
Check out the companies making headlines before the bell. Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of […]
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Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization. Ferrari posted net profit of 1.53 billion euros ($1.58 billion) […]
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Stellantis chairman details planned U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024. Massimo Pinca | Reuters DETROIT — Stellantis Chairman John Elkann detailed several upcoming plans the Transatlantic automaker has for U.S. investments when meeting with President Donald Trump […]
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Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
An employee of the Volkswagen plant in Zwickau stands next to the VW logo on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany, on October 28, 2024. Jens Schlueter | Afp | Getty Images A perfect storm of challenges for the European automobile industry […]
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Charts point to counter-trend buying oportunity in this auto stock, says Katie Stockton
European automotive stocks have been hit hard since over the past eight months, with the STOXX Europe 600 Automobiles & Components Index down roughly 29% since peaking in April. Many of the major automakers in Europe, like Mercedes, BMW, Volkswagen, and Stellantis, are deeply oversold and have support nearby on their charts. This provides a […]
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Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs. […]
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