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☆ 'Vanderpump Villa' isn't 'Vanderpump Rules' in the French countryside. Meet the cast and let them tell you why.
▼ + stars: | 2024-04-01 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

No, the new reality show "Vanderpump Villa" isn't just a remixed version of "Vanderpump Rules." "This is not Château Shitshow," a frustrated Vanderpump tells a pair of servers at the start of the second episode of her latest reality show, "Vanderpump Villa." AdvertisementUnlike in 'Pump Rules,' the villa staff must work together — and that raises the stakesLisa Vanderpump and the chateau staff in "Vanderpump Villa." 'Vanderpump Villa' is more like 'Below Deck'Lisa crowns Harlan, a villa guest, at her "Rebirth" party in episode three. The first three episodes of "Vanderpump Villa" are now streaming on Hulu, with new episodes released weekly.

Persons: isn't, —, Lisa Vanderpump, Joseph, Vanderpump, Hannah, Marciano Jax, Marciano, Gilles Mingasson, Jax Taylor, Hannah Fouch, Stassi Schroeder, Jax, Stassi's, Stassi, that's, We're, they'll, Hulu It's, Villa, Marciano —, Andre Mitchell, Mitchell, Grace Cottrell, Gabriella Sanon, Eric Funderwhite's flirtations, Caroline Byl, Emily Kovacs, Emily, Lisa, Harlan, Hulu Vanderpump, Kristen Doute Organizations: Service, Hulu, Hollywood resto, of Reality, Villa, Bravo Locations: Château Saint, Vanderpump's, Downton

☆ Creators are growing increasingly concerned about AI as OpenAI's Sora looms and issues of inclusivity and crediting persist
▼ + stars: | 2024-03-26 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +8 min

"I'm worried about AI stunting creativity, replacing the need to use our brains," said travel creator Jessica Morrobel, who has about 168,000 followers on TikTok and Instagram. Lifestyle creator Joseph Arujo said he primarily uses ChatGPT to format his emails, since he gets a lot of brand partnership requests. AdvertisementCherie Luo, who publishes educational content, said she uses AI to transcribe and summarize her podcast episodes. And UGC creator Salha Aziz said she uses AI for a variety of tasks, including writing scripts for her videos. "It is concerning how good it's getting," said Tales, who has 2.7 million followers on TikTok and Instagram.

Persons: —, Snapchat, I'm, Jessica Morrobel, Noah Jennings, Marina Mogilko, YouTuber who's, Cassey Ho, Joseph Arujo, Cherie Luo, Salha Aziz, Sora, Tyler Perry, he'd, Martin Haerlin, Tristan, Alex Piper, Haerlin, Kahlil Greene, we'll, Nneya Richards, she'd, Richards Organizations: Service, SXSW, Business, Adobe, YouTube, Ferrari, Night Studios, it's Locations: Texas, TikTok

☆ Australian Grand Prix: Carlos Sainz wins as Max Verstappen retires from race
▼ + stars: | 2024-03-24 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Carlos Sainz claimed an impressive victory at the Australian Grand Prix on Sunday, breaking Max Verstappen’s dominant grip over this F1 season as the Red Bull driver was forced to retire from the race. The Spaniard began the race second on the grid, behind pole-sitter Verstappen, and stuck close to the three-time world champion before easily overtaking him on the second lap to take the lead. For just the first time in two years, he retired from a Grand Prix, citing brake failure. Of course you always want to finish the races but it’s a mechanical sport,” Verstappen said following his first retirement since the 2022 Australian Grand Prix. Mechanics deal with the smoke coming out of Verstappen's car in the pit lane.

Persons: CNN — Carlos Sainz, Max, Red Bull, Oliver Bearman, Verstappen, ” Verstappen, Scott Barbour, Charles Leclerc, “, ” Sainz, Charles, ” Lando Norris, McLaren, Oscar Piastri, Sergio Pérez, Lewis Hamilton, George Russell Organizations: CNN, Prix, Saudi, Spaniard, Getty, Sky Sports Locations: Red

☆ VistaJet, a private jet charter firm used by F1 drivers and popstars, launched a wellness program. See how the elite fly on its $75 million Global 7500.
▼ + stars: | 2024-03-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Read previewVistaJet, arguably the most famous private jet charter company, is launching a new wellness program. Business Insider attended a media event and toured its largest airplane, learning how VistaJet helps wealthy passengers fly in luxury. This story is available exclusively to Business Insider subscribers. During The Eras Tour, Swift also seemingly flew on one of VistaJet's Global 7500s — the model on display at the media event. The Global 7500 is the largest purpose-built business jet on the market.

Persons: —, VistaJet, Charles Leclerc, Taylor Swift, Swift, Flightradar24 Organizations: Service, Business, Formula, Ferrari, VistaJet, Super, Bombardier Locations: Tokyo, California

☆ Ferrari cars are about the emotion you can deliver to the driver, says CEO
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerrari cars are about the emotion you can deliver to the driver, says CEOBenedetto Vigna, CEO of Ferrari, discusses the upcoming electric model that Ferrari is producing and how Ferrari will retain its racing heritage and experience while aiming to go carbon neutral by 2030.

Persons: Benedetto Vigna, Ferrari Organizations: Ferrari

☆ Ferrari boss promises 'emotion' won't be lost in EV engine roar
▼ + stars: | 2024-03-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari's initial public offering in New York City on Oct. 21, 2015. Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same roar as its historic combustion engines. The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June to manufacture electric motors, battery packs and power inverters. Speaking to CNBC's "Squawk Box Europe" on Tuesday, Vigna said the company would maintain its focus on performance, design and driving experience in its EV range, insisting that "electric cars are not silent." "When we talk about luxury cars like our cars, we are talking about the emotion that we are able to deliver to our client, so we are not talking about functional cars like other EVs that you see on the road," he said.

Persons: Ferrari, Benedetto Vigna, Vigna Organizations: New York Stock Exchange, Ferrari Locations: New York City, Maranello, Italy

☆ Remembering Marcello Gandini, designer of the world’s most famous supercar
▼ + stars: | 2024-03-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Look at almost any modern high-horsepower supercar and you will see the work of auto designer Marcello Gandini. Sharp lines, a low stance, doors that swing up; all were influenced by Gandini’s seminal work, the Lamborghini Countach. Gandini designed both of those cars and, if he had done nothing else, he would still be remembered. But in addition to his work for Lamborghini, Gandini produced cars for automakers including BMW, Fiat and Ferrari. The Lamborghini LP500, a first prototype for the Countach sports car, designed by by Marcello Gandini of Gruppo Bertone, circa 1972.

Persons: Marcello Gandini, Gandini’s, Lamborghini Countach, Stefano Guidi, Lamborghini Miura, Gandini, —, Miura, Lamborghini, ” Gandini, “, ” Marcello Gandini's, “ Gandini, ” Bertone, ” Organizations: CNN, Lamborghini, BMW, Fiat, Ferrari, Volkswagen Polo, Renault, Bertone, Geneva, Hulton, Museo Nazionale dell’Automobile, National Automobile Museum, Lancia, Museo Nazionale dell'Automobile, Porsche, Gooding, Co Locations: Turin, Italy, United States, Pebble Beach , California

☆ Chinese stocks are 'a risk worth taking,' asset manager says — naming 2 he likes
▼ + stars: | 2024-03-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

There may be a lot of caution with investing in Chinese stocks — but asset manager Jason Hsu sees opportunities to play the market. "Chinese stocks are trading at the cheapest they've ever been. The Chinese economy and stock market have been dogged by declining foreign investments and a prolonged property market slump. Hsu suggests that investors allocate around 7% to 8% of their portfolio to Chinese stocks. 'A great growth story' When it comes to the Chinese market, Hsu views state-owned food and beverage company Kweichow Moutai as good short-term play.

Persons: Jason Hsu, Hsu, Moutai, Warren Buffett, Tesla, BYD Organizations: Rayliant Global Advisors, CNBC Pro, Shanghai, Shanghai Stock Exchange, FTSE, China Consumer, Toyota, U.S, Ferrari, Hong Kong Locations: China, Japan, FTSE China, U.S, Europe, Hong Kong and New York

☆ TikTok’s Security Threats Go Beyond the Scope of House Legislation
▼ + stars: | 2024-03-13 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

But that glosses over the deeper TikTok security problem, which the legislation does not fully address. Those algorithms, which guide how TikTok watches its users and feeds them more of what they want, are the magic sauce of an app that 170 million Americans now have on their phones. But TikTok doesn’t own those algorithms; they are developed by engineers who work for its Chinese parent company, ByteDance, which assembles the code in great secrecy in its software labs. But China has issued regulations that appear designed to require government review before any of ByteDance’s algorithms could to be licensed to outsiders. Few expect those licenses to be issued — meaning that selling TikTok to an American owner without the underlying code might be like selling a Ferrari without its famed engine.

Persons: TikTok Organizations: Republicans Locations: China

☆ 'Barbie' + 'Oppenheimer' = not great Oscars ratings
▼ + stars: | 2024-03-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

AdvertisementTheir last big hope: That if the awards featured big movies people have seen or at least heard of, audiences might return. That was supposed to happen this year, when monster hits "Barbie" and "Oppenheimer" were both up for multiple awards, including Best Picture. And the producers for ABC's broadcast smartly leaned into it, by doing things like bringing in "Barbie" nominee Ryan Gosling to sing and dance, to general acclaim. On the other hand: That means this year's telecast still drew considerably less than the 23.6 million viewers who watched the 2020 show, which didn't have anything like "Barbie" or "Oppenheimer," box-office-wise. Back then, a couple of the Best Picture nominees were ones regular folks may have seen in theaters, including "Ford V. Ferrari" and "Joker."

Persons: Oppenheimer, Barbie, Ryan Gosling, Ford, Ferrari, Oscar, hasn't, COVID, we're Organizations: Hollywood, ABC

☆ 'The ultimate adventure': Why more Indian travelers are taking extreme road trips
▼ + stars: | 2024-03-11 | by ( Kalpana Sunder | ) www.cnbc.com time to read: +5 min

More Indians are taking road trips these days — both within the country and beyond, solo and in groups — as access to better vehicles and better roads grows in the country. However, Sai took her first road trip back in 2016, before it became a trend. Sai now runs an overland driving company that organizes road trips across countries like Namibia, Georgia, Armenia, Nepal and Mongolia. Source: Rishad Saam Mehta,Since then, Mehta has taken more than 100 road trips across some 50 countries. Agarwal has traveled to 92 countries and gone on road trips in six continents.

Persons: Meenakshi Sai, she's, Sai, There's, Pollachi —, Meenakshi, —, Saam Mehta, Rishad Saam Mehta, Mehta, Tushar Agarwal, Sanjay Madan, Agarwal, Madan Organizations: Tata Motors, Ferrari, Bavarian, Toyota, Ford, Discovery Locations: Coimbatore, India, St . Petersburg, Russia, Thailand, Manipur, India's, Bangkok, London, Mumbai, Poland, Uzbekistan, Meenakshi Sai, Kyrgyzstan, Namibia, Georgia, Armenia, Nepal, Mongolia, Delhi, Ladakh, China, Munich, Austrian, Spiti, Northern India, New England, Jordan, …, Australia

☆ Max Verstappen jokes about ‘88 missed podiums’ after earning landmark 100th top three finish with victory at Saudi Arabian GP
▼ + stars: | 2024-03-10 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

“It’s 88 missed podiums!” he joked when asked by a reporter about his record in 188 career races, though this was only Verstappen’s 187th. On Friday, Red Bull suspended the female employee who accused F1 team principal Christian Horner of inappropriate behavior, according to multiple reports. Red Bull launched an independent investigation in February after Horner was accused of engaging in inappropriate behavior towards a member of the racing team, who has not been identified. CNN has been unable to corroborate their authenticity and Red Bull said it would be “inappropriate” to comment on the matter. Christian Horner and Red Bull have faced controversy to start the season.

Persons: Max Verstappen, he’s, “, I’m, Sergio Pérez, Ferrari’s Charles Leclerc, Verstappen, Red Bull, Christian Horner, Horner, Clive Rose, Oliver Bearman, Carlos Sainz, Fernando, Alonso, George, Russell, Oscar Piastri, Fernando Alonso, Aston Martin, George Russell, Piastri’s, Lando Norris, Lewis Hamilton, Haas, Niko Hulkenberg Organizations: CNN, Saudi, Verstappen, Pérez, Prix, Ferrari, Mercedes Locations: Jeddah, P6

☆ Jim Cramer reviews Citi's European 'Super Seven'
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday reviewed the "Super Seven," mega cap European stocks Citi recently named as alternatives to the Magnificent Seven, but with lower valuations. "I want you to think of the Super Seven as a shopping list of high-quality European stocks that could be very attractive on a pullback," he said. Novo Nordisk " came out with the original GLP-1, diabetes and weight loss drug Ozempic. Richemont SAP Schneider Electric Eaton Ferrari"As great as the Super Seven may be, you're not exactly early to any of these stories — most of these stocks are trading at or near their all-time highs," Cramer said. "Of course, you could say the same thing about the Magnificent Seven, but it makes me a little queasy to recommend something that's already had a huge run."

Persons: CNBC's Jim Cramer, Beata Manthey, Bullish, Dior, SAP Schneider Electric Eaton, Cramer, that's Organizations: Citi, Nordisk, Givenchy, SAP Schneider Electric

☆ CNBC Daily Open: Will the Fed not cut rates in 2024?
▼ + stars: | 2024-03-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

U.S. Federal Reserve Board Chair Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve in Washington, D.C., on Dec. 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia stock markets mixedAsia markets were mixed Tuesday as investors assesses China's GDP growth projections of "around 5%" for 2024. Gold sets new recordGold rose above $2,100 to the highest level ever as traders bet the Federal Reserve will start cutting interest rates in the second half of the year.

Persons: Jerome Powell, Freddie Lait, CNBC's, Ferrari Organizations: Federal, Federal Reserve, Washington , D.C, CNBC, CSI, Dow, Nasdaq, National People's, Ministry, Finance, Nikkei, Latitude Investment Management Locations: Washington ,, Asia, China

☆ Skip EV stocks like Tesla, says fund manager, naming a 'phenomenal' alternative
▼ + stars: | 2024-03-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Competition is heating up in the electric vehicle industry, especially between investor favorite Tesla and Chinese automakers like the Warren Buffett-backed BYD . He said that most EV businesses had not succeeded in making money yet, given the "extraordinary" amount of capital invested initially. He manages over $750 million across the Latitude Horizon Fund and the Latitude Global Fund . 'Phenomenal' Ferrari Lait described Ferrari in particular as "a phenomenal business." The average price target on Ferrari is 391.96 euros ($425.14), according to FactSet data, giving it potential downside of around 8%.

Persons: Tesla, Warren Buffett, EVs, Freddie Lait, CNBC's, Lait, Ferrari Lait, Ferrari, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Latitude Investment Management, Ferrari, Motors, Volkswagen, BMW, New York Stock Exchange, Euronext, Euronext Milan, UBS Locations: Euronext Milan

☆ CNBC Daily Open: No rate cuts in 2024?
▼ + stars: | 2024-03-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatWall Street retreated Monday despite a rally in tech stocks tied to the artificial intelligence boom. China sets GDP targetChina set an economic growth target of "around 5%" for 2024. The fund manager instead has his sights on what he calls "bigger integrated covers," and picked Ferrari as "a phenomenal business."

Persons: Jerome H, Powell, Dow, Bitcoin, Freddie Lait, CNBC's, Ferrari Organizations: . Senate Banking, Housing, Urban Affairs, CNBC, Nasdaq, National People's, Apple, Federal Reserve, Latitude Investment Management Locations: Washington , U.S, China

☆ Veteran investor picks 'Glorious 10' global stocks with 30% annual gains over the last 5 years
▼ + stars: | 2024-03-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

However, veteran investor and trader Adam Reynolds says it's time to look beyond the U.S. and consider 10 lesser-known companies from across Europe, Japan and Australia. "The focus on U.S. tech stocks — and especially the Magnificent Seven — is driving huge amounts of performance to the U.S. stock market. Calling valuations of U.S. stocks "stretched," Reynolds said there are opportunities in moving toward a "more diversified global portfolio," including better valuations — and returns. In terms of allocation, Reynolds suggests that investors put 30% of their equities portfolio in U.S. stocks, 40% in Asia and 30% in Europe. Chip stocks Shares of semiconductor manufacturer Tokyo Electron are up over 140% over the last 12 months.

Persons: Adam Reynolds, Reynolds, we're, Reynold Organizations: Big Tech, Apple, Microsoft, Nvidia, Tesla, Saxo Capital Markets, CNBC Pro, Japan, Tokyo, Novo Nordisk, Nordisk, BYD, Ferrari Locations: Europe, Japan, Australia, Asia, Tokyo, Europe's

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Super Micro, Eli Lilly, Lyft, DoorDash, Disney & more
▼ + stars: | 2024-03-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

UBS upgrades Norfolk Southern to buy from neutral UBS said it sees margin improvement for the railroad. Goldman Sachs initiates Super Micro as neutral Goldman said the stock is an "AI winner" but that valuation is full right now. UBS reiterates Eli Lilly as buy UBS raised its price target on the stock to $910 per share from $810. UBS reiterates Nvidia as buy UBS said it's sticking with its buy rating after a series of investor meetings with the company." Argus upgrades New York Times to buy from neutral Argus said it sees revenue growth for the newspaper company. "

Persons: Morgan Stanley, Disney, Piper Sandler, Piper, Guggenheim, Baird, SQSP, Goldman Sachs, Goldman, Bernstein, Tesla, underperform Bernstein, Eli Lilly, Wells, Melius, Citi downgrades Ferrari, Jefferies, Evercore, it's, Rosenblatt, Snowflake, Slootman's Organizations: BROS, Guggenheim, GSK, UBS, Norfolk Southern, Micro, JPMorgan, Nvidia, Kyverna Therapeutics, FLT, UDR, Conservative, America Health, RBC, Apple, Citi, Ferrari, Jefferies, BP, Barclays, Barclays downgrades, ISI, Toast Inc, Bank of America, Ball Corp, of America, Broadcom, New York Times Locations: Norfolk, China, New

☆ Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more
▼ + stars: | 2024-03-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S & P Dow Jones Indices said Friday the two companies would be added to the S & P 500 later this month. They will replace Whirlpool and Zion Bancorp, which will move to the S & P MidCap 400 index as of the March 18 open. Macy's — Macy's stock skyrocketed nearly 17% after Arkhouse Management upped its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Crypto stocks – Companies whose performance is tied to the price of bitcoin rose in premarket trading after the cryptocurrency touched another two-year high . Spirit AeroSystems , Boeing — Shares of the fuselage maker rose nearly 3%.

Persons: Dow, CleanSpark, AeroSystems, Lyft, Morgan Stanley, Li Auto, Piper Sandler, Brian Mullan, — CNBC's Lisa Han, Fred Imbert, Tanaya, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Micro Computer, Dow Jones, Whirlpool, Zion Bancorp, Arkhouse Management, Apple, European Commission, Marathon, Iris Energy, RBC, Boeing —, Boeing, Max, —, Citi, Li Auto, Li, Mobile

☆ Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.

Persons: Dow, Zions, —, Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo

☆ Thieves Stole a Formula 1 Driver’s Ferrari. It Turned Up 28 Years Later.
▼ + stars: | 2024-03-04 | by ( Victor Mather | ) www.nytimes.com time to read: 1 min

As a driver on the glamorous, jet-setting Formula One circuit, naturally the Austrian Gerhard Berger drove some serious iron, even away from the track: a red Ferrari 512M Testarossa. So it was very likely with some dismay that he watched his car unexpectedly drive away with someone else behind the wheel. Berger jumped in the path of the car, according to reports at the time, but had to leap out of the way as it zoomed off. He then gamely gave chase in a friend’s Volkswagen Golf, which went about as well as you would have expected it to. The Ferrari was gone.

Persons: Austrian Gerhard Berger, Berger, gamely, Ferrari Organizations: Ferrari, San Marino, San Marino Grand Prix Locations: Austrian, San Marino Grand, Imola, Italy

On a more positive note, Guggenheim upgraded GSK to buy thanks to strength across multiple product pipelines. Elsewhere, RBC upgraded Lyft to outperform, calling for a major rally ahead. Analyst Brad Erickson upgraded Lyft shares to outperform from sector perform, and raised his price target by $6 to $23, implying roughly 40.7% potential increase. — Pia Singh 6:10 a.m.: DoorDash upgraded by RBC on new partnerships potential, higher order growth RBC Capital Markets upgraded DoorDash to outperform from sector perform. Analyst Seamus Fernandez upgraded shares to buy from neutral and assigned a £20.31 price target, representing 21% upside to GSK's latest close.

Persons: Guggenheim, Wells Fargo, Timur Braziler, Braziler, — Pia Singh, Lyft, Brad Erickson, Erickson, Seamus Fernandez, Fernandez, Citi downgrades Ferrari, Ferrari, Harald Hendrikse, Fred Imbert Organizations: CNBC, Citi, Ferrari, GSK, RBC, Popular, RBC Capital Markets RBC Capital Markets, DASH, Capital Markets, Guggenheim Securities, drugmaker GSK, Guggenheim Locations: Wells Fargo, Puerto Rico, U.S, Wells, Shingrix, Arexvy, Milan

☆ A $443,500 Ferrari was stolen in Italy during a 1995 Grand Prix. 28 years later, police got it back.
▼ + stars: | 2024-03-04 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

F1 driver Gerhard Berger's stolen Ferrari F512M was recovered after 28 years. Police believe the car was taken to Japan soon after it was stolen, and then shipped to the UK. AdvertisementA Ferrari stolen from Formula 1 legend Gerhard Berger nearly three decades ago has been recovered by British police. Berger was at the San Marino Grand Prix in Imola, Italy, in April 1995 when his red Ferrari F512M, worth around $443,500, went missing. The 10-time Grand Prix winner witnessed the car being driven away and attempted to chase the thief but could not catch them, The London Evening Standard reported.

Persons: Gerhard Berger's, Ferrari F512M, —, Gerhard Berger, Berger Organizations: Police, UK's Met Police, Service, Formula, British, San Marino, San Marino Grand Prix, Evening, Business Locations: Japan, San Marino Grand, Imola, Italy

☆ Bahrain Grand Prix: Max Verstappen wins and lays down marker in opening race of the season
▼ + stars: | 2024-03-02 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen coasted to victory in the Bahrain Grand Prix on Saturday, laying down an ominous marker for the rest of the field in the opening race of this F1 season. Clive Mason/Getty ImagesWhile that overshadowed Red Bull’s race weekend, it did not seem to affect the team’s performance on the track as Sergio Perez completed yet another 1-2 – a repeat result of last season’s opening race. “Unbelievable, I think today went even better than expected,” Verstappen told Sky Sports after the race. Video Ad Feedback Verstappen cruises to opening win in Bahrain 02:24 - Source: CNN“It was a lot of fun and I felt really good in the car. The F1 season continues next weekend and remains in the Middle East with the Saudi Arabian Grand Prix in Jeddah.

Persons: Max Verstappen coasted, Christian Horner, Horner, Geri Halliwell, Clive Mason, Red, Sergio Perez, Ferrari’s Carlos Sainz, Red Bull, ” Verstappen, it’s, Charles Leclerc, Perez, Max Verstappen, David Davies, Mercedes ’ George Russell, Sainz, Leclerc, Russell, Ferraris, Lewis Hamilton Organizations: CNN, Prix, Spice, Red, Sky Sports, Saudi Locations: Bahrain, Jeddah

☆ Citi names 'Super 7' global stocks similar to the Magnificent 7 — but cheaper
▼ + stars: | 2024-03-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Citi has identified European stocks it says are similar to the high-flying " Magnificent Seven " U.S. technology stocks, but trade at cheaper valuations leaving more room for them to rise. Citi's resulting Super Seven picks are Novo Nordisk , ASML , LVMH , SAP , Schneider Electric , Richemont and Ferrari . All of the stocks stocks also trade in the United States. Despite the rally over the past year, Citi points out that as a group, the Super Seven have lagged the Magnificent Seven, with 70% less appreciation since early 2023, leaving more upside potential. Looking ahead, Citi said the Super Seven was well positioned to continue outperforming should current "narrow" market conditions persist, and cautioned against selling stocks on the basis of a narrow market leadership.

Persons: Beata M, — CNBC's Charlotte Reed Organizations: Citi, Nvidia, Apple, Microsoft, Meta, Novo Nordisk, ASML, SAP, Schneider, Ferrari Locations: Europe, LVMH, United States

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