Ferrari’s foray into the four door market with the Purosangue has proven wildly successful. Demand for the Prancing Horse’s first ever four door offering has completely outpaced supply, with the entire production run sold out until 2026. This exclusivity can be attributed to two factors. Firstly, Ferrari maintains a deliberately low annual production volume, typically ranging between 2,200 and 3,000 vehicles. Secondly, the Italian automaker enforces stricter ownership rules to ensure the Purosangue remains an alluring proposition for genuine Ferrari enthusiasts. One such rule is a mandatory 18 month holding period that prohibits immediate resale. Ferrari Purosangue Demand Surges Amid…
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ATLANTA (AP) — Delta Air Lines sued CrowdStrike on Friday, claiming the cybersecurity company had cut corners and caused a worldwide technology outage that led to thousands of canceled flight in July. The airline is asking for compensation and punitive damages from the outage, which started with a faulty update sent to several million Microsoft computers. Delta said the outage crippled its operations for several days, costing more than $500 million in lost revenue and extra expenses. CrowdStrike said Delta is giving “misinformation,” does not understand cybersecurity and is trying to shift blame for its slow recovery from the outage.…
Nine years ago, a 1961 Plymouth Belvedere, once destined for the scrapyard, found a new lease on life. Abandoned in a field in North Dakota, the car was purchased for a mere $300 by a man who saw its potential. Today, it’s a roaring beast with a big block engine, no hood, and a striking green paint job. Its unique design, characterized by its oversized front end and rocket booster like taillights, has earned it a cult following. A 1961 Plymouth Belvedere Reborn: From Scrapyard Find to Twin Turbo Showstopper (MyClassicCarTV /YouTube) The Belvedere’s transformation is a testament to the…
The Washington Post Building at One Franklin Square Building in Washington, D.C., June 5, 2024.Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year — or ever again — breaking decades of tradition and sparking immediate criticism of the decision.But the newspaper also published an article by two staff reporters revealing that editorial page staffers had drafted an endorsement of Democratic nominee Kamala Harris over GOP nominee Donald Trump in the election.”The decision not to publish was made by The Post’s owner — Amazon founder Jeff Bezos,” the…
The future of space exploration is rapidly evolving, and Haven-1 stands as a testament to this progress. This innovative space station, designed by the startup Vast, is poised to redefine the concept of living and working in orbit. Unlike traditional space stations, Haven-1 boasts a unique feature: a rotating module that simulates Earth-like gravity, a groundbreaking development in space habitation. By incorporating this rotating module, Haven-1 aims to address one of the most significant challenges of long-duration space missions: the adverse health effects of prolonged exposure to microgravity. Studies have shown that prolonged periods in microgravity can lead to bone…
Up until the 2008 credit crunch, the conventional recipe for success in private equity (PE) was straightforward: Just pour in debt and stir. A generous dose of leverage typically spiced up the financing of a transaction. But the global financial crisis (GFC) turned this money pie into mush. Government-backed purchases of toxic assets — funded by central bank purchases of government bonds — eventually engineered a comprehensive bailout of distressed borrowers and other heavy debt users. With loose monetary policies throughout the 2010s, leverage returned with a vengeance. What to Expect from a Downturn So if a recession comes, how…
Yale’s endowment earned a 5.7% investment return, net of fees, for the year ending June 30, 2024, representing $2.3 billion in investment gains. After providing distributions of $2.0 billion to the operating budget and receiving $231 million in gifts, the endowment’s value increased to $41.4 billion on June 30, 2024, up from $40.7 billion on June 30, 2023. “Given our significant allocation to private assets, we expect to lag during periods of strong public market performance, particularly when exit markets for private assets are depressed,” said Matt Mendelsohn, Yale’s chief investment officer. “As always, we remain focused on achieving investment success over the long…
Looking for an equity view outside of heavy tech allocations? The quality dividend ETF OUSA offers some appeal. Source link
While General Motors aggressively pursues an electric future with its Ultium technology, Toyota appears content to maintain its steady approach. The Japanese automaker’s enduring success is rooted in its hybrid models, particularly the RAV4 and Camry, which continue to dominate the market. Despite GM’s recent triumph in sales, its electric vehicles still constitute a relatively small percentage of its total deliveries. Conversely, Toyota’s hybrid strategy has proven remarkably effective, with sales of nearly 1.73 million units in the first three quarters of the year. Pixel Master Envisions a Sporty 2025 Toyota Camry Station Wagon with Hybrid Power (Toyota) This stark…
The year 1953 marked a pivotal moment for Chevrolet, not only with the introduction of the iconic Corvette but also with a broader transformation of the brand. The company embraced a new design language, a modern engine, a revised nomenclature, and a new model that would become a cornerstone of its legacy. Among these groundbreaking models, the Bel Air stands out as the quintessential American classic car of the 1950s. While the decade also brought us iconic vehicles like the Hemi V8, the Forward Look design, the Corvette, and luxury models like the Continental Mark II and Cadillac Eldorado Brougham,…