Ferrari NV
The most expensive cars sold at Pebble Beach, even amid disappointing auctions
A 1962 Ferrari 250 GT SWB Coupe sold at auction at the 2023 Monterey Car Week. Credit: Gooding & Company A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week, although the classic-car market showed further signs of slowing. Total sales for the more than 1,200 cars sold […]
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Electric Cadillac Escalade to test GM’s EV strategy, cash machine
2023 Cadillac Escalade V-Series Cadillac NEW YORK – General Motors on Wednesday will reveal a new all-electric version of the Cadillac Escalade, testing the luxury SUV’s prestige for a new era of drivers and the company’s strategy to turn its most lucrative vehicles into money-making EVs. GM CEO Mary Barra and other executives have promised […]
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CNBC Pro Talks: Warren Buffett disciple Person Spier reveals how to spend proper now
Be a part of CNBC’s Tanvir Gill Wednesday as she quizzes renowned price investor Man Spier on how to play the marketplaces suitable now. Spier, who phone calls himself an “ardent disciple” of famous trader Warren Buffett, manages the $350 million Aquamarine Fund. Spier closely follows Buffett’s investing concepts, and the Aquamarine Fund is motivated […]
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Europe stocks close 1.4% lower as investors digest U.S. rating downgrade
Europe stocks close lower The Stoxx 600 index fell for a second consecutive session Wednesday to a more than two-week low. Germany’s DAX and the U.K.’s FTSE 100 both declined by around 1.36% as France’s CAC 40 dropped 1.26%. Stock Chart IconStock chart icon Stoxx 600 index. Economists doubt U.S. debt downgrade will have lasting […]
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Ferrari raises guidance after profit jumps as more customers personalize their sports cars
Ferrari Original Factory Entrance Courtesy: Ferrari Ferrari on Wednesday said that its second-quarter profit jumped 33% from a year ago as more of its customers chose costly “personalization” options for their new sports cars. Ferrari also raised its guidance for the full year following the results. related investing news The company now expects 2023 revenue […]
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‘Good price, lower threat, large quality’: BofA names leading Europe shares to beat a recession
Financial institution of America has named several European “leading shares” it claims are of “excellent price, very low hazard” and “superior excellent.” All of them turned up on “economic downturn screens” for July, in a market place BofA explained as a being in a recession model cycle. A model cycle refers to the marriage among […]
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Bentley CEO says customization craze among the wealthy is boosting profit
Adrian Hallmark, CEO, Bentley Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter thanks in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more […]
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Hedge fund says challenging landing is ‘most likely’ and names 3 international stocks to participate in it
A U.S.-primarily based hedge fund is predicting a difficult landing state of affairs for stock markets in spite of a steady decline in inflation, with the S & P 500 falling into a bear sector. David Neuhauser, main financial commitment officer at Livermore Associates, explained that although the gradual decline in the inflation amount in […]
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Ferrari profit jumps 24% as demand pushes waiting list into 2025
Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability. “Our order book already extends into 2025,” said CEO Benedetto Vigna in a statement. Ferrari’s revenue […]
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Lamborghini CEO says orders for hybrid Revuelto show ‘incredible’ demand from wealthy car-buyers
Lamborghini’s quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. The orders come […]
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