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☆ How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates
▼ + stars: | 2023-02-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its statement that it anticipates ongoing rate hikes. .SPX 1D line stocks Powell spoke afterward at a press conference, warning the market of more rate hikes and a tough stance on inflation. But traders seemed to cherry pick comments that had a dovish tilt to them, and the stock market reversed course and rallied hard. In its statement, the Fed swapped out the word "pace" for "extent" of future rate hikes when describing what it would take into account in in deciding on further increases.

☆ Ferrari's only target is the title, says new boss Vasseur
▼ + stars: | 2023-01-27 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Jan 27 (Reuters) - Ferrari have everything they need to succeed and will be chasing the title this season with Charles Leclerc and Carlos Sainz starting on equal terms, according to new team boss Fred Vasseur. Vasseur, who joined from Swiss-based Alfa Romeo on Jan. 9 as Ferrari's fifth boss in less than a decade, told reporters via Zoom in his first media call since taking over that the target was obvious. "I think when you are a top team, you can't have another target than the win," he said. It would be a lack of ambition and I think we have everything to do a good job and the target has to be to win for sure." "The target is to win for Ferrari.

☆ Vasseur starts a new era for Ferrari with big targets
▼ + stars: | 2023-01-09 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

Schumacher won an unprecedented five crowns in a row from 2000-04 under Todt's leadership while Ferrari won seven constructors' championships between 1999 and the end of 2007, when Kimi Raikkonen took their last drivers' title. Vasseur, 54, is an old hand and on his third F1 team after joining Renault in 2016. The team have still not won a title since 2008 and have been making some glaring mistakes with their fans increasingly frustrated. Vasseur, who joins from Swiss-based Sauber where he ran the Ferrari-powered Alfa Romeo team, has more than nationality in common with Todt. Nicolas Todt manages Ferrari driver Charles Leclerc, last year's runner-up who also raced for Vasseur at Sauber in his debut season.

☆ Job growth expected to have cooled in December but not enough to slow Fed rate hikes
▼ + stars: | 2023-01-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The data is important since the Fed has been trying to slow the hot labor market in its fight against inflation. Economists surveyed by Dow Jones also expect that the unemployment rate remained at 3.7% in December, while average hourly wage growth slowed to 0.4% from 0.6% in November. "Their forecast has the unemployment rate rising. "If you need the unemployment rate to rise, you need jobs to fall below 70,000 to 100,000." The Fed has raised interest rates seven times since last March, and the fed funds rate is now at 4.25% to 4.5%.

☆ European Central Bank set for 50 basis point rate hike on hopes that inflation has peaked
▼ + stars: | 2022-12-14 | by ( Annette Weisbach | ) www.cnbc.com time to read: +1 min

Quantitative tightening, or QT, could see the ECB shrink its gigantic bond portfolio. "We expect the ECB to raise its policy rates by 50 bp at the December meeting," said Michael Schumacher, an ECB watcher with Natixis, in a recent research note. "We also expect an announcement of Quantitative Tightening next year, though the ECB is unlikely to provide a specific start date at this point." Another hot topic for the ECB's Governing Council, which concludes its meeting Thursday with a press conference, will, of course, be inflation and possible peak inflation. "While Inflation likely peaked in October, we see core inflation lingering above 5% until mid 2023 before trending lower," said Anatoli Annenkov at Societe Generale in a recent research note.

☆ 'You're going to come back', Hamilton tells retiring Vettel
▼ + stars: | 2022-11-17 | by ( Abhishek Takle | ) www.reuters.com time to read: +3 min

ABU DHABI, Nov 17 (Reuters) - Seven-times world champion Lewis Hamilton said on Thursday that he expected his old rival Sebastian Vettel to make a Formula One comeback. The 35-year-old four-times champion is bowing out of the sport after the Abu Dhabi Grand Prix on Sunday but Hamilton believes the 53-time grand prix race winner will find the lure of F1 hard to resist. "Obviously after the change from Ferrari to Aston Martin at that time it was the first time I really thought it might be the time to stop...," he added. Vettel jokingly suggested he could agree some sort of a swap with Hamilton, who turns 38 in January but is keen on extending his Mercedes deal. "We can make a deal ... when you want to get away, maybe then (I want to come back)," he said.

☆ Hamilton has one last shot to avoid first winless season
▼ + stars: | 2022-11-16 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 16 (Reuters) - Lewis Hamilton has one more chance to avoid his first Formula One season without a win and it comes on Sunday in the place where last year he suffered one of the biggest blows of his career. The prospects look a lot brighter with Mercedes ending their season-long blank in Brazil last weekend with George Russell's breakthrough win. "I think he mentioned before that this race record of winning a race in every single season is less of a priority for him. Hamilton took only six races in his debut 2007 season to become a winner and has won at least once in every campaign since then. "I'm not focused on the record but of course, I'm trying to get that win this year," Hamilton said in September.

☆ F1: One of Michael Schumacher's Ferraris has sold for almost $15 million at auction
▼ + stars: | 2022-11-10 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —The Ferrari in which Michael Schumacher won his sixth Formula One world title has smashed auction records to become the most expensive F1 car in history. The F2003-GA sold for $14.9 million in a Sotheby’s auction in Geneva, Switzerland on Wednesday, almost doubling the previous record for an F1 car when Schumacher’s F2001 fetched $7.5 million in 2017. According to Sotheby’s, Schumacher recorded five race wins, two podiums and three pole positions in the F2003-GA. In that season, the German finished just two points ahead of Kimi Räikkönen in the championship standings to claim the sixth of his seven world titles. By claiming his sixth world title, Schumacher passed Juan Manuel Fangio’s record tally and then went on to win his seventh title the following year – a number Lewis Hamilton matched in 2020.

☆ Michael Schumacher's winning Ferrari up for auction in Geneva
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis BalibouseGENEVA, Nov 4 (Reuters) - The Ferrari driven to five race victories by Michael Schumacher during his World Championship-winning 2003 Formula 1 season is being auctioned next week in Geneva, auction house Sotheby's said on Friday. The red "Chassis 229" Ferrari raced by German world champion driver Schumacher nine times could fetch up to $9.4 million, according to the sellers. Sotheby's is also presenting eight rare "Fancy Blue" diamonds valued at more than $70 million. This colour is the highest possible colour grading for blue diamonds and is awarded to no more than 1% of blue diamonds submitted to the Gemological Institute of America, Sotheby's said. "It is extremely rare and to have a collection of eight it is super exciting," said jewellery specialist at Sotheby's Geneva, Marie-Cécile Cisamolo.

☆ Fed rate hikes could go even further than expected as Powell commits to stomp out inflation
▼ + stars: | 2022-11-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The Fed raised its target fed funds rate Wednesday by 75 basis points, or three-quarters of a point, and said it would take into account the lagging impact of higher rates on the economy. In the futures market, traders bet the terminal rate for fed funds would reach 5.09% by May from just over 5% before the meeting. The terminal rate is the level at which the Fed is expected to stop raising interest rates. With Wednesday's hike, the fed funds target rate range is now 3.75% to 4%. Caron said the market is now projecting a rate above the Fed's median target for the terminal rate.

☆ Focus on Fed messaging tomorrow, not 75 bps hike, says Wells Fargo's Michael Schumacher
▼ + stars: | 2022-11-01 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus on Fed messaging tomorrow, not 75 bps hike, says Wells Fargo's Michael SchumacherWells Fargo's Michael Schumacher on what to expect from the Fed tomorrow. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Bonawyn Eison and Courtney Garcia.

CNN —Red Bull driver Max Verstappen finished in first place at the Mexican Grand Prix to claim his record-setting 14th win of the season on Sunday. Earlier in October, Verstappen claimed his second career world championship at the Japanese Grand Prix, and last week he won the US Grand Prix in Austin, Texas, which saw him share the record for number of season race wins. Red Bull pitted their drivers first, opting for medium tires while Hamilton fitted hard tires so that he would not have to pit again. RBR were found to have breached the cost cap by £432,652 ($501,409). That comes in from now, it has a direct effect on next year’s car and it will be in place for a 12-month period.”Two races remain on the F1 calendar for Verstappen to add to his record tally with the Brazilian Grand Prix scheduled on November 13 and the Abu Dhabi Grand Prix on November 20.

☆ Verstappen on pole in Mexico and chasing F1 record
▼ + stars: | 2022-10-29 | by ( Janina Nuno Rios | ) www.reuters.com time to read: +3 min

Summary Verstappen on pole in Mexico CityRed Bull driver can take record 14th win of the seasonMercedes have Russell and Hamilton second and thirdHome favourite Perez qualified fourthMEXICO CITY, Oct 29 (Reuters) - Red Bull's double world champion Max Verstappen swept to pole position at the Mexico City Grand Prix on Saturday with his sights set on a record 14th victory of the season. "It was a close one," said Verstappen, who was 0.304 faster than Russell. The driver on pole has not won since 2016 and Hamilton won from third in 2019. Lando Norris will line up eighth for McLaren with Alpine's Fernando Alonso and Esteban Ocon completing the top 10. Writing by Alan Baldwin in London, editing by Clare Fallon and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Max Verstappen equals single-season win record at US Grand Prix on emotional weekend for Red Bull
▼ + stars: | 2022-10-24 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen fought back after pit-stop drama to win the US Grand Prix on Sunday, handing Red Bull the constructors’ championship on an emotional weekend for the team. The Dutchman’s victory came just one day after it was announced that owner and co-founder of Red Bull, Dietrich Mateschitz, had died aged 78. The stop lasted over 11 seconds with Red Bull mechanics scrambling for a replacement wheel gun after Verstappen’s front left tire was not tightened sufficiently. Verstappen poses with the Red Bull team to celebrate winning the constructors' championship. “A very emotional moment, a big moment for the team and for everyone at Red Bull,” he told reporters.

☆ Verstappen wins U.S. GP as Red Bull take constructors' crown
▼ + stars: | 2022-10-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"That one was for Dietrich," said Verstappen after taking the chequered flag. Ferrari had needed to score 19 points more than Red Bull at the Texas track but Charles Leclerc was the Italian team's sole finisher, fighting his way to third from 12th on the grid. Red Bull now have an unbeatable 656 points to Ferrari's 469. The Dutch 25-year-old secured his second title in Japan two weeks ago. Red Bull's Sergio Perez was fourth with Russell, who secured a bonus point for fastest lap, fifth and Lando Norris sixth for McLaren.

☆ Verstappen fastest in final U.S. Grand Prix practice
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +1 min

Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 22, 2022 Red Bull's Max Verstappen during practice REUTERS/Brian SnyderAUSTIN, Texas, Oct 22 (Reuters) - Double Formula One world champion Max Verstappen was fastest in final practice on Saturday for a U.S. Grand Prix likely to hand the constructors' title to his Red Bull team. Register now for FREE unlimited access to Reuters.com RegisterThe Ferrari drivers had led both practice sessions on Friday. Red Bull's Sergio Perez, who has a five-place grid penalty, was fourth fastest and seven times world champion Lewis Hamilton was fifth for Mercedes. Verstappen has won 12 of 18 races so far this season and a 13th would equal the single-season record held by German greats Michael Schumacher and Sebastian Vettel. Register now for FREE unlimited access to Reuters.com RegisterReporting by Alan Baldwin in London, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Verstappen shoots for record to end Mercedes' title streak
▼ + stars: | 2022-10-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

At the same time Red Bull can clinch their first constructors' championship since 2013. If Ferrari fail to score 19 points more than Red Bull in Texas, the contest is over. "If we can make a step, hopefully, we can get into the fight with the Ferraris and the Red Bulls," said trackside engineering director Andrew Shovlin. Mexican fans will be relishing the battle for second place in the drivers' championship, with Red Bull's Sergio Perez only a point ahead of Ferrari's Charles Leclerc. The Circuit of the Americas is celebrating its 10th anniversary as U.S. Grand Prix host and organisers expect a record 440,000-strong three-day crowd as the sport continues to surge in popularity in America.

☆ There will be more Fed tightening for a long time, says Wells Fargo's Michael Schumacher
▼ + stars: | 2022-10-13 | 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 EmailThere will be more Fed tightening for a long time, says Wells Fargo's Michael SchumacherMichael Schumacher, Wells Fargo head of macro strategy, joins 'The Exchange' to discuss why Schumacher believes the Federal Reserve will continue to raise rates next year, how long it'll take Fed moves to impact inflation, and more.

☆ Max Verstappen crowned world champion in chaotic circumstances at Japanese Grand Prix
▼ + stars: | 2022-10-09 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

CNN —Max Verstappen was crowned Formula One world champion in bizarre circumstances following a dominant victory at the Japanese Grand Prix on Sunday. So when Verstappen finished, he initially only celebrated a race victory – his 12th of the season – and completed his first post-race interview accordingly. I am hearing different things,” Verstappen said, after he was initially crowned world champion during a second post-race interview. It was confirmed again, and he sat down in front of a ‘World Champion’ banner in a throne room. “Am I the world champion?” Verstappen asked Jensen Button before his interview on the podium.

☆ There's one number that could be key to how markets trade right after the Fed meets
▼ + stars: | 2022-09-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

(A basis point equals 0.01 of a percent) Besides the rate hike, the market is intently focused on the terminal rate. Expectations for the Fed's terminal rate also soared. Before the August CPI report, the futures market was pricing in a terminal rate at just about 4% for next April. In the futures market, "the terminal rate went up 40 basis points in 24 hours," he said. But NatWest Markets expects the Fed could indeed have a terminal rate of 5%.

☆ Treasury yields fall ahead of Federal Reserve interest rate decision
▼ + stars: | 2022-09-21 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

The yield on the benchmark 10-year Treasury was last at 3.5279%, down by 4 basis points. Meanwhile, the policy-sensitive 2-year Treasury declined by 2 basis points and was last at 3.9418%. Analysts are broadly expecting a 75 basis point hike, but some think the central bank will go beyond this to 100 basis points. That would mark the largest interest rate hike in 40 years. But even that may not be enough, Michael Schumacher, head of macro strategy at Wells Fargo Securities, told CNBC's "Fast Money," explaining that while he is expecting a 75 basis point hike, he would argue for a 150 basis point hike as he believes rates are headed higher still.

☆ 'Rip off the Band-Aid': Wells Fargo makes case for 150 basis point hike at Fed meeting
▼ + stars: | 2022-09-20 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

But Wells Fargo Securities' Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC's "Fast Money" he would seriously consider a 150 basis point hike this week if he were Chair Jerome Powell. But of course, the Fed won't do that." The key is policymakers need to convince investors the historical jump in rates is frontloaded, according to Schumacher. "It would do a huge move and then stop or stop pretty soon. Based on this month's CNBC Fed Survey, the Street believes the Fed will lift rates by 75 basis points on Wednesday.

☆ Lewis Hamilton şi-a prelungit contractul cu Mercedes pentru încă două sezoane
▼ + stars: | 2021-07-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Pilotul britanic Lewis Hamilton, de şapte ori campion mondial la Formula 1, şi-a prelungit contractul cu Mercedes pentru încă două sezoane, până în 2023. Contrar zvonurilor din presă, salariul lui Hamilton va rămâne neschimbat - englezul încasează aproximativ 46 de milioane de euro pe an. Lewis Hamilton a debutat în Formula 1 în 2007, la echipa McLaren. Hamilton a ajuns la Mercedes în 2013, unde s-a dezlănțuit. În total, în cariera sa, Hamilton a concurat la 274 de curse de Formula 1, s-a clasat pe podium de 171 de ori și a obținut 98 de victorii.

Persons: Lewis Hamilton, Hamilton, Michael Schumacher, Lewis, Max Verstappen Organizations: Mercedes, McLaren ., Red Bull Racing Honda

☆ A fost scos la vânzare monopostul în care Michael Schumacher a debutat în Formula 1. Cât costă maşina
▼ + stars: | 2021-06-11 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Getty ImagesA fost scos la vânzare monopostul în care Michael Schumacher a debutat în Formula 1. Cât costă maşinaMonopostul în care Michael Schumacher şi-a făcut debutul în Formula 1 a fost scos la vânzare. Una dintre bijuteriile automobilismului, maşina în care legendarul Michael Schumacher debuta în 1991 în Formula 1, a fost scoasă la vânzare. La 30 de ani distanţă, monopostul în care cel mai mare pilot din toate timpurile şi-a făcut prima apariţie în Formula 1, a fost scos la vânzare. Acest monopost a fost primul care a cucerit de şapte ori titlul mondial.

Persons: Michael Schumacher, Eddie Jordan, Jordan, Bertrand Gachot, Schumacher, Andrea de Cesaris, Benneton Organizations: Jordan, GP Locations: Spa - Francorchamps, Iordania, Belgia

☆ Jean Todt oferă ultimele detalii despre Michael Schumacher: "Îl văd de cel puţin de două ori pe lună. Nu îl las în pace"
▼ + stars: | 2021-06-01 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: Getty ImagesJean Todt oferă ultimele detalii despre Michael Schumacher: "Îl văd de cel puţin de două ori pe lună. Nu îl las în pace"Preşedintele FIA, Jean Todt, a declarat că îl vizitează cel puţin de două ori pe lună pe fostul pilot Michael Schumacher, care este în recuperare după accidentul grav suferit în 2013. Pe 29 decembrie 2013, fostul pilot de Formula 1 Michael Schumacher a fost victima unui accident la schi, în staţiunea franceză Meribel. El a fost transferat la un spital din Grenoble după ce a suferit un traumatism cranian sever şi o hemoragie cerebrală. Până pe 16 iunie 2014, Schumacher a fost în comă.

Persons: Jean Todt, Michael Schumacher, FIA, Michael, Frumuseţea, Todt, Dumnezeule, Schumacher, El Organizations: Ferrari Locations: franceză, Grenoble, Lausanne

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