Ferrari CEO Benedetto Vigna recently announced the luxury carmaker’s ambitious plans to introduce its first fully electric vehicle by the final quarter of 2025. This move marks a significant shift for the Italian company, known for its iconic combustion engines that have delivered an unmatched roar on the roads. The decision to venture into the
Legendary filmmaker George Lucas has thrown his weight behind Walt Disney CEO Bob Iger in the ongoing proxy battle with activist investor Nelson Peltz. Lucas, known for creating iconic franchises like “Star Wars” and “Indiana Jones,” is the largest individual shareholder in Disney after receiving 37.1 million Disney shares as part of the Lucasfilm acquisition
A recent study has revealed that while inflation has increased by 10 times over the past 60 years, home prices have skyrocketed by 24 times. This means that if home prices had followed the rate of inflation since 1963, the median price of a typical house in the U.S. would be around $177,511. However, the
President Joe Biden is set to visit Nevada to tackle the issue of corporate landlords keeping rents artificially high, despite an overall easing of inflation. This move is part of his strategy to shift the responsibility for high living costs away from his administration and towards corporations with significant pricing power. While the economy seems
Bentley Motors, a renowned British luxury carmaker, has decided to delay its plans to offer exclusively all-electric vehicles by the end of the decade. The company’s CEO, Adrian Hallmark, attributes this shift to changing market conditions and a setback in the development of its first electric vehicle (EV). Despite this delay, Bentley remains committed to
Artificial intelligence is making its mark in the world of architecture and housing, with companies like ICON leading the way. By introducing Vitruvius, an AI program that assists consumers in designing custom homes online, the process of creating personalized homes has become more cost-effective and efficient. This innovative technology is set to revolutionize the way
Hindenburg Research, a New York-based activist short-seller founded by Nate Anderson, has been making waves in the financial world with its hard-hitting reports that have led to significant share price declines for various big-name companies. Despite the potential legal risks involved in their work, Hindenburg has built a reputation for fearlessly taking on billionaires like
In a recent court filing, it was revealed that Donald Trump is facing significant financial challenges when it comes to obtaining an appeal bond to prevent the seizure of his real estate assets in New York. His legal team communicated that they were unable to secure a bond that could cover the full $454 million
The Federal Reserve is expected to keep interest rates steady following a two-day meeting, despite signs that rate cuts may be on the horizon. Federal Reserve Chair Jerome Powell has emphasized the need to strike a balance between combating inflation and supporting economic growth through interest rate adjustments. However, even as the Fed considers lowering
As spring approaches, the real estate market typically sees an increase in buying and selling activity. The number of new listings has already shown a significant increase compared to last year, with a jump of 14.8%. This surge in new listings is the largest annual gain since May 2021, according to recent data from Redfin,
