Ferrari’s new electric vehicle was panned on social media. Now the stock market has its say.
Danish Central Bank Warns of Housing Risks as Price Gains Spread
A surge in Copenhagen home prices is spilling over to the rest of Denmark, posing growing risks to the country’s lenders, the central bank said.
Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown
China’s crackdown on cross-border trading sent the shares of popular brokers Futu Holdings Ltd. and Up Fintech Holding Ltd. plummeting, threatening pain for hedge funds and other investors who back these firms.
Ferrari Unveils 5-Seat Fully Electric Car, Shares Fall
Ferrari unveiled its first fully electric car called the Luce. It is a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage. Ferrari’s shares fell in early Milan trading, suggesting investors were disappointed with the Luce’s look. Bloomberg’s Danny Lee reports. (Source: Bloomberg)
Oil Rebounds as US Launches New Strikes on Iran
Oil rebounded as fresh US military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz. Stephen Stapczynski reports. (Source: Bloomberg)
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‘There is zero transparency’: My friend’s sister controls their mother’s estate. How can we stop her from stealing?
“The sister claims she does not have to explain herself to anyone.”
Mexico to Host Iran Players for World Cup as War Tensions Simmer
Mexico will serve as the Iranian national team’s World Cup base after US authorities refused to let the players stay overnight on its soil amid ongoing military tensions.
Ghana to Start Buying 30% of Large Gold Mines’ Ouput From June
Ghana’s central bank said it plans to increase gold purchases from the West African nation’s large-scale producers to 30% of their output from 20%, starting June 1.