Luxury sports carmaker Ferrari NV scaled back its electrification ambitions on Thursday while offering a first look at the technology underpinning its debut electric vehicle, “Elettrica.” The move, revealed at the company’s Capital Markets Day event, reflects a strategic recalibration toward a more balanced product mix in response to evolving market dynamics and client preferences.
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Luxury sports carmaker Ferrari NV scaled back its electrification ambitions on Thursday while offering a first look at the technology underpinning its debut electric vehicle, “Elettrica.” The move, revealed at the company’s Capital Markets Day event, reflects a strategic recalibration toward a more balanced product mix in response to evolving market dynamics and client preferences.
3.3KWall Street’s perception of cryptocurrencies continues to improve, and Coinbase Global (NASDAQ: COIN) is increasingly seen as one of the best-positioned companies to benefit from the trend. Analysts at Rothschild & Co Redburn upgraded Coinbase shares to Buy from Neutral in a note published Friday, raising their price target to $417 from $325. The firm
Wall Street’s perception of cryptocurrencies continues to improve, and Coinbase Global (NASDAQ: COIN) is increasingly seen as one of the best-positioned companies to benefit from the trend. Analysts at Rothschild & Co Redburn upgraded Coinbase shares to Buy from Neutral in a note published Friday, raising their price target to $417 from $325. The firm
3.3KFed Watch Advisors’ founder Ben Emons warns the US will continue to depend on China for rare earth minerals for the foreseeable future. US rare earth stocks have been pushing higher in recent sessions after China announced new export curbs on the minerals. Additionally, JPMorgan has announced a $1.5 trillion investment plan, including up
Fed Watch Advisors’ founder Ben Emons warns the US will continue to depend on China for rare earth minerals for the foreseeable future. US rare earth stocks have been pushing higher in recent sessions after China announced new export curbs on the minerals. Additionally, JPMorgan has announced a $1.5 trillion investment plan, including up
3.3KThe United States closed the week with a mix of geopolitical tension, domestic political gridlock, and significant corporate developments. President Donald Trump issued a deadline for Hamas to accept a peace proposal, while Washington’s budget impasse extended the government shutdown. Meanwhile, Berkshire Hathaway restructured its leadership, Nissan announced a major recall, and the Federal Reserve
The United States closed the week with a mix of geopolitical tension, domestic political gridlock, and significant corporate developments. President Donald Trump issued a deadline for Hamas to accept a peace proposal, while Washington’s budget impasse extended the government shutdown. Meanwhile, Berkshire Hathaway restructured its leadership, Nissan announced a major recall, and the Federal Reserve
3.3KGautam Adani’s wealth has surged by $13 billion over two trading sessions, following key regulatory relief that eased investor concerns and triggered heavy buying across his listed companies. The sharp rise in market value comes after the Securities and Exchange Board of India (SEBI) dismissed parts of a high-profile case against the Adani Group, marking
Gautam Adani’s wealth has surged by $13 billion over two trading sessions, following key regulatory relief that eased investor concerns and triggered heavy buying across his listed companies. The sharp rise in market value comes after the Securities and Exchange Board of India (SEBI) dismissed parts of a high-profile case against the Adani Group, marking
3.3KFormer President Joe Biden and former Secretary of State Antony Blinken both claimed some credit for President Donald Trump’s Israel-Hamas ceasefire agreement on Monday. On X, Biden – who is undergoing treatment for cancer – said that he was ‘deeply grateful and relieved’ that the Gaza war is approaching its end. ‘The road to this
Former President Joe Biden and former Secretary of State Antony Blinken both claimed some credit for President Donald Trump’s Israel-Hamas ceasefire agreement on Monday. On X, Biden – who is undergoing treatment for cancer – said that he was ‘deeply grateful and relieved’ that the Gaza war is approaching its end. ‘The road to this
3.3KTesla stock (NASDAQ: TSLA) witnessed its stock plunge over 3% in the early market trading on Tuesday. The latest pullback reverses some of the gains from the previous session and underscores ongoing volatility in the electric vehicle giant’s stock. The drop in Tesla stock indicates a cautious sentiment among investors amid fluctuating momentum and comes
Tesla stock (NASDAQ: TSLA) witnessed its stock plunge over 3% in the early market trading on Tuesday. The latest pullback reverses some of the gains from the previous session and underscores ongoing volatility in the electric vehicle giant’s stock. The drop in Tesla stock indicates a cautious sentiment among investors amid fluctuating momentum and comes
3.3KThe phrase “Sell America” stormed into the headlines earlier this year. It seemed as if global investors were finally turning their backs on US markets for good. The term has been around since the 1980s, but this time, the trigger was President Trump’s “Liberation Day” tariffs in April. When stocks, bonds, and the dollar fall
The phrase “Sell America” stormed into the headlines earlier this year. It seemed as if global investors were finally turning their backs on US markets for good. The term has been around since the 1980s, but this time, the trigger was President Trump’s “Liberation Day” tariffs in April. When stocks, bonds, and the dollar fall
3.3KShares of US truck manufacturer Paccar climbed on Friday after President Donald Trump announced new tariffs on foreign-made heavy-duty trucks. The move, framed as a measure to protect domestic manufacturers, sent ripples through global truck stocks and raised questions about the potential long-term impact on the industry. Trump said on Thursday that starting October 1,
Shares of US truck manufacturer Paccar climbed on Friday after President Donald Trump announced new tariffs on foreign-made heavy-duty trucks. The move, framed as a measure to protect domestic manufacturers, sent ripples through global truck stocks and raised questions about the potential long-term impact on the industry. Trump said on Thursday that starting October 1,
3.3KShares of Estée Lauder (NYSE: EL) rose sharply on Monday after Goldman Sachs upgraded the stock from Neutral to Buy, citing improving fundamentals, stabilizing demand in China, and progress in management’s strategic initiatives. The firm also raised its price target to $115 from $76, expressing confidence that the cosmetics maker is approaching a “fundamental inflection
Shares of Estée Lauder (NYSE: EL) rose sharply on Monday after Goldman Sachs upgraded the stock from Neutral to Buy, citing improving fundamentals, stabilizing demand in China, and progress in management’s strategic initiatives. The firm also raised its price target to $115 from $76, expressing confidence that the cosmetics maker is approaching a “fundamental inflection
