Ferrari's all-electric model won't be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna."The final judge will be the client," Vigna told CNBC during the opening of the company's new E-Building in...
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How Delta made itself America’s luxury airline โ and what United wants to do about it
A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024.Charly Triballeau | Afp | Getty ImagesDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is...
Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersNvidia's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple.The...
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
A bank employee count Chinaโs renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersDALIAN, China โ For China's yuan to be used more globally, the currency needs more "applications" such as for stocks and bonds, Bonnie Chan,...
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back."Should the incoming data indicate that inflation is moving sustainably toward our 2 percent goal, it will eventually become appropriate to...