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CNN —Max Verstappen hinted on Sunday that his retirement from Formula One might be hastened after his “silly” punishment for swearing. The Red Bull driver was told by motorsport’s governing body, the FIA, that he should carry out “work of public interest” after using a swear word in a press conference on Thursday ahead of the Singapore Grand Prix. When you can’t be yourself or you have to deal with these kind of silly things,” the Dutch driver told reporters, per Reuters. So, yeah, it is very, very silly,” Verstappen said. According to multiple reports, Alex Wurz – the chair of the Grand Prix Drivers’ Association (GPDA) – said that the punishment handed out to Verstappen was too severe.
Persons: Max Verstappen, Red Bull, Lando Norris, Verstappen, , “ It’s, Alex Wurz –, , Wurz, Guenther, Guenther Steiner, Haas, ” Verstappen, Norris, Verstappen’s Organizations: CNN, Formula, FIA, Singapore, Reuters, Azerbaijan, Autosport, Prix Drivers ’, Netflix, Prix Locations: Singapore
Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.
Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey
Wind-tunnel testing is crucial for Formula 1 teams to study and optimize a car's aerodynamics. Months of testing go into the development of each race car — and wind-tunnel testing is critical in this process. "Wind-tunnel testing is simply the most important development tool you have," said Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix. A computer model simulating the aerodynamics of an F1 car. The Alpine F1 Team lowers a car onto a track for wind-tunnel testing.
Persons: , Guenther Steiner, It's, Dan Fallows, Fallows, Zak Brown, McLaren, we've, Brown, We're, it'll Organizations: Formula, Service, Haas, Miami Grand, Aston Martin Aramco F1, Alpine, Engineers, NFL, Aston Martin Locations: England
Gen Z is tired of dating apps and would prefer meeting people in real life, but the tech-savvy generation isn't as experienced with navigating romance in person. Dating apps have been losing their appeal amongst singles in recent years, especially Gen Z, the generation born between 1997 and 2012. "It feels like signing up for dating apps makes tech boys and Silicon Valley investors richer," Guenther told CNBC Make It in an interview. It's a vulnerable thing to be in real life and go up and approach somebody or ask somebody on a date," Guenther said. Guenther and Courtney Boyer, a relationship and sexuality expert, shared four top tips for Gen Z to meet people in real life.
Persons: Jeff Guenther, Guenther, it's, Gen Z, Zers, Eventbrite, haven't, Courtney Boyer Organizations: CNBC, iPhones Locations: U.S, Silicon
Richard Hatch was searching the card catalog of the Sterling Memorial Library at Yale, hunting for intriguing titles under the subject heading “Magic.” It was 1979, and Hatch was a young graduate student in physics, but he’d long nurtured an amateur’s passion for the conjuring arts and, on this day at least, he preferred to read about sleight of hand than quantum mechanics. His rummaging stopped when he spotted a title called “Die Juden in der Zauberkunst.” Hatch had spent four years of his youth in Germany so he translated it instantly: “Jews in Magic.” The card said the book was written by someone named Guenther Dammann and published in Berlin in 1933. A book about Jews in magic, from Germany, in the very year that the Nazis assumed power and started burning “un-German” books in bonfires across the country. It seemed obvious. This was an antisemitic tract, identifying Jews to make it easier for the government to persecute them and the public to shun them.
Persons: Richard Hatch, Hatch, ” Hatch, Guenther Dammann Organizations: Sterling Memorial Library, Yale Locations: der Zauberkunst, Germany, Magic, Berlin
Gen Z is struggling to find love amid various dating challenges, and it's largely because dating apps have made them too picky, according to one relationship therapist. Gen Z generally refers to the generation born between 1997 and 2012. "When we're on dating apps, the way that we can filter people is not conducive to actually finding someone who's a really good match." "Dating apps have forced us to prioritize things that don't actually matter in relationships," Guenther explained. The illusion of choice on dating apps means Gen Z is rejecting people over inconsequential details.
Persons: Z, Jeff Guenther, Jeff, Guenther, Gen, they're, they'll, Gen Zers, Gen Z, there's, " Guenther Organizations: CNBC, The
Guenther Steiner likened being the team principal of Haas F1 to "being the CEO of a small company." "The good news is no two days are the same," said James Vowles, Williams Racing's team principal. Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix, said the job was sort of like running a corporation. Brown said the top traits he looked for in a team principal were selflessness, a focus on performance, and a willingness to lead by example. "Andrea is a team principal that focuses on his team, putting his people first."
Persons: James Vowles, Guenther Steiner, , Williams, Rudy Carezzevoli, Vowles, Alex Albon, Albon, Haas, Kevin Magnussen, PETER, Steiner, I'm, Zak Brown, Andrea Stella, Lando Norris, Brown, Stella, wasn't, Andrea, he's Organizations: Williams Racing, Haas, Service, Netflix, Brawn, Mercedes, Constructors, Miami Grand Prix, Getty, McLaren Locations: Bahrain, Williams
The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.
Persons: , Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel
Hours later, federal and state authorities said investigators had found no evidence of an act of terrorism, though circumstances surrounding the crash on the Rainbow Bridge remained murky, leaving it to be determined whether it was accidental or intentional. [1/15]A vehicle burns at the Rainbow Bridge U.S. border crossing with Canada, in Niagara Falls, New York, U.S. November 22, 2023 in a still image from video. The Rainbow Bridge and all three other border crossings along the Niagara River between western New York and the Canadian province of Ontario - the Peace Bridge, the Lewiston-Queenston Bridge and the Whirlpool Bridge - were shut for several hours as a precaution. The three bridges that were not involved were reopened early Wednesday evening, but the Rainbow crossing remained closed during the investigation and as officials assessed the crossing's safety. He said the vehicle, which he described as a luxury sedan, was "fish-tailing" out of control before it crashed.
Persons: Kathy Hochul, Paul Stanley, Hochul, Mike Guenther, Guenther, , Ted Hesson, Jonathan Landay, Ismail Shakil, Katharine Jackson, Daphne Psaledakis, Susan Heavey, Daniel Trotta, Andrew Hay, Ward Jasper, Makini Brice, Gabriella Borter, Joseph Ax, Richard Cowan, Daniel Whitcomb, Steve Gorman, David Gregorio, Leslie Adler Organizations: FBI, Twitter, U.S . Customs, Border Protection, Authorities, CNN, Bentley, Wednesday, U.S . Federal Aviation Administration, FAA, Buffalo Niagara International, Rainbow Bridge, REUTERS, Whirlpool, Niagara - Frontier Transit Authority, Buffalo, Thomson Locations: New York, Ontario, Niagara Falls, U.S, Toronto, Canada, Niagara Falls , New York, Niagara, Canadian, Lewiston, Queenston, New York City, Kitchener , Ontario, Washington
CNBC Special Podcast: Inside Track - The Business of Formula 1
  + stars: | 2023-11-17 | by ( ) www.cnbc.com   time to read: +1 min
High speed, high tech and filled with high-flyers – Formula 1 is the world's most elite motorsports league, and in recent years has experienced rapid growth in attendance, viewership and market value. CNBC Documentaries goes inside the business to find out what is fueling its popularity and who is profiting. Eisen travels to some of Formula 1′s most iconic races, explores the strategy behind its expansion in the U.S., and examines the role of brand-name sponsors, including the Haas team's title partner MoneyGram. She also looks at what's in store for the sport's future – including a new racing league for female drivers called F1 Academy, and the inaugural Las Vegas Grand Prix to be held in November 2023. It's F1′s most ambitious race yet, where the Las Vegas Strip will become an F1 track for the first time… and where some of the city's biggest hotel casinos are rolling out million-dollar packages for the most elite of fans.
Persons: Sara Eisen, Toto Wolff, Mercedes, Christian Horner of Red Bull, Guenther Steiner, Haas, Eisen, MoneyGram Organizations: CNBC, Liberty Media, F1 Academy, Las Vegas, Las Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHaas' Guenther Steiner on the rapid growth of Formula 1 racing In AmericaGuenther Steiner, Team Principal for the MoneyGram Haas F1 Team, sits down with CNBC's Sara Eisen to discuss the ultra-competitive world of Formula 1 racing, the rapid growth of the business in America, and what's next for the only US-based team on the track/grid.
Persons: Email Haas, Guenther Steiner, MoneyGram Haas, CNBC's Sara Eisen, what's Organizations: MoneyGram Haas F1 Team Locations: America
Will F1 Entertain Expansion?
  + stars: | 2023-11-13 | 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 EmailWill F1 Entertain Expansion? CNBC's Sara Eisen talks to Liberty Media President & CEO Greg Maffei, MoneyGram Haas Team Principal Guenther Steiner and Mercedes-AMG PETRONAS Team Principal Toto Wolff about their thoughts on expansion in F1. "Inside Track: The Business of Formula 1," premieres Thursday at 8pm ET/PT on CNBC.
Persons: Sara Eisen, Greg Maffei, MoneyGram, Guenther Steiner, Toto Wolff Organizations: Liberty Media, Mercedes, CNBC
By Thomas EscrittERFURT, Germany (Reuters) - The convention by which Germany's far right is kept far from government regardless of how many parliamentary seats it wins was dealt another blow on Thursday when its votes were used to defeat a regional government in a crucial budget bill. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."
Persons: Thomas Escritt, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Rachel More, Nick Macfie Organizations: Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine Locations: Thomas Escritt ERFURT, Germany, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein
AfD members sit in voting booths on the day of the European election assembly 2023 of the Alternative for Germany (AfD) in Magdeburg, Germany, July 29, 2023. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."
Persons: Annegret, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Thomas Escritt, Rachel More, Nick Macfie Organizations: REUTERS, Rights, Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine, Thomson Locations: Germany, Magdeburg, Rights ERFURT, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein
Norris tops Dutch practice as Ricciardo ruled out
  + stars: | 2023-08-25 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
SummaryCompanies Norris tops second session and fastest overallVerstappen quickest in first practiceRicciardo ruled out with broken handLawson to debut as Australian's replacementAug 25 (Reuters) - McLaren's Lando Norris was fastest in Dutch Grand Prix practice on Friday as former team mate Daniel Ricciardo crashed his AlphaTauri and was ruled out of Sunday's race with a broken hand. Norris denied home hero Max Verstappen a perfect Friday by lapping 0.023 faster than the championship-leading Red Bull driver in the day's second session at Zandvoort. Norris then lapped in 1:11.330 in the late afternoon, with double Formula One world champion Verstappen second. The 25-year-old leads Mexican team mate Sergio Perez by 125 points after 12 of 22 races. Perez was fourth on those timesheets, 0.471 slower than his team mate, with Williams' Alex Albon fifth and Norris sixth.
Persons: Norris, Ricciardo, Lawson, McLaren's Lando Norris, Daniel Ricciardo, Liam Lawson, Max Verstappen, Red, Verstappen, we’ve, McLaren, Oscar Piastri, Piastri, AlphaTauri, Sebastian Vettel's, Sergio Perez, Fernando Alonso, Mercedes, Lewis Hamilton, Perez, Williams, Alex Albon, Albon, AlphaTauri's Yuki Tsunoda, Alpine's Pierre Gasly, Red Bull, Haas's Nico Hulkenberg, Guenther Steiner, Aston, Lance, Robert Shwartzman, Carlos Sainz, Sainz, Charles Leclerc 11th, Alan Baldwin, Toby Davis, Ken Ferris Organizations: Bull, Red Bull, Briton, McLaren, Hamilton, Prix, Sky Sports, Ferrari, Thomson Locations: Zandvoort, London
Coinbase (COIN.O) and Binance.US, two of the largest crypto exchanges by market share among those operating in America, have lost ground this year. Bitstamp's global market share among exchanges operating in the U.S. has risen to about 9%. Coinbase and LMAX declined to comment on the data, while Binance.US - the American affiliate of the world's largest crypto exchange - didn't respond to a request for comment. It may not be that simple for hungry challengers to grab market share, according to market players. In years gone by, crypto exchanges could swiftly gobble up business by offering access to a swathe of coins.
Persons: Sam Bankman, FTX, Ravi Doshi, Guy Hirsch, Bobby Zagotta, Wade Guenther, Doshi, Hannah Lang, Michelle Price Organizations: U.S . Securities, Exchange Commission, SEC, LMAX, Genesis, Bitstamp, Reuters Graphics, Wilshire, Thomson, Reuters Locations: United States, America, Binance.US, U.S, Bitstamp USA, solana, Washington
So if you had $50,000 to invest, where should you put it and how much should you allocate to each asset class? He recommends the following: 35% to Invesco QQQ Trust Series 1 ETF; 25% to options trades; 15% to SPDR S & P 500 ETF; 15% to ProShares UltraPro Short QQQ ETF ; 5% to iShares Russell 2000 ETF ; and 5% cash. He added that he would look to cash in on artificial intelligence via the Invesco QQQ Trust Series 1 ETF. He broke down his 40% (or $20,000) stock allocation this way: $10,000 into U.S. stocks, $5,000 into Europe, and $5,000 into Asian emerging market stocks. Hedge against volatility Pannell, who would have a 15% hedge reserve for the ProShares UltraPro Short QQQ ETF, said investors need some downside coverage.
Persons: they're, Jay Hatfield, Ryan Pannell, ProShares, iShares Russell, Victor Kuoch, hasn't, Pannell, Wade Guenther, Treasurys Raymond Bridges, CNBC's Ganesh Rao Organizations: CNBC, Infrastructure Capital Advisors, Nvidia, Microsoft, Tech, , Condors, Wilshire, Bridges Capital Locations: U.S . Federal, Asia, Pacific, Europe, U.S, Taiwan
May 8 (Reuters) - Volkswagen (VOWG_p.DE) will announce later on Monday the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm, two sources close to the company said. Volkswagen is set to dismiss all but one of the unit's current executive board members, with only human resources head Rainer Zugehoer to remain. Bosch will also take over financial management at Cariad, the sources said, confirming an earlier report by Handelsblatt. Sources said at the time that Diess' failure to put Cariad, a business he set up, on a solid footing contributed to his ousting. Reporting by Jan Schwartz, Writing by Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
Verstappen fastest in chaotic Baku practice
  + stars: | 2023-04-28 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
April 28 (Reuters) - Red Bull's Formula One leader Max Verstappen put in the fastest time right at the chequered flag on Friday in a chaotic sole practice for the new format Azerbaijan Grand Prix sprint weekend. The double world champion, last year's winner in Baku, lapped the fast street circuit with a best time of one minute 42.315 seconds with his final effort on the soft tyres. Ferrari's Charles Leclerc, who has never won in Baku but will be chasing his third successive pole in Azerbaijan in later qualifying for Sunday's grand prix, was second on the timesheets. The Monegasque ended up 0.037 seconds slower, after going top in the dying seconds, with Red Bull's Sergio Perez third and Ferrari's Carlos Sainz fourth. Perez has the best record of any driver on the starting grid in Baku with a victory in 2021, second last year and two third places.
F1 braced for chaos as sprint season starts in Baku
  + stars: | 2023-04-26 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
April 26 (Reuters) - Formula One is braced for chaos on the streets of Baku this weekend as Azerbaijan hosts the first sprint race of the season and kicks off a run of five grands prix in six weeks. "It’s absolutely ludicrous to be doing the first sprint race of the year in a street race like Azerbaijan," Red Bull boss Christian Horner told reporters at the previous race in Australia. Verstappen won last year. "We are bringing a new floor to Baku amongst some other aerodynamic and mechanical items," said Alpine technical director Matt Harman. "We then have a further development at the following race in Miami and something further for Imola after that."
Haas F1 boss Steiner plays it by the book
  + stars: | 2023-04-20 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
LONDON, April 20 (Reuters) - Haas boss Guenther Steiner has famously not watched the Netflix 'Drive to Survive' docu-series that made him a cult hero for a new wave of Formula One fans, but he has read every word of 'Surviving to Drive'. If they feel happy, I’m happy for them," said Steiner. He came back in 2005 when Red Bull bought the Jaguar team but then moved to NASCAR, returning to F1 when Haas debuted in 2016. RARE EXAMPLEThe book is a rare example of an active F1 boss putting his thoughts into print, however forthright and uncomplimentary. Ralf Schumacher, brother of seven times world champion Michael and uncle of Haas's dropped former driver Mick, is unlikely to enjoy it.
LONDON, April 20 (Reuters) - Half the Formula One calendar could be turned into sprint weekends if changes to the format are given the go-ahead and prove a hit in Baku next week, according to Haas team boss Guenther Steiner. MotoGP has already turned its whole calendar into two-race weekends, with a sprint on Saturday and the main event on Sunday. "I don’t know if we will do it every race weekend. But the F1 promoter will know what to do," Steiner told Reuters in an interview through team sponsor MoneyGram. Steiner said there would still be a need for some race weekends with three practice sessions and just a Sunday grand prix but the current Saturday sprint format needed changing.
Long April break gives F1 time to take stock
  + stars: | 2023-04-03 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
LONDON, April 3 (Reuters) - Formula One teams will welcome more than their drivers the breathing space provided by a long April break in a record 23-race season. "I don't want to have that break, because you know which race was missing from that break," said Alfa Romeo's Guanyu Zhou, the sport's only Chinese driver. "You will use it (the break) just to prepare for the next race in a better way and review the first three races. "For the race team, there's an opportunity to have a little bit of rest because the rest of the season will be tough." The break provides more time also for teams to work on upgrades and add spares after a bruising weekend for some in Australia.
MANAMA, March 2 (Reuters) - Mick Schumacher's Formula One struggles last season feature strongly in the latest run of 'Drive to Survive' but the German says he feels no need to watch the Netflix docu-series. "I didn't watch it...that's a personal choice," Schumacher told Reuters when asked about the series at a 75th anniversary event for sportswear maker Puma at the season-opening Bahrain Grand Prix. "I just don't necessarily feel the need to watch myself on TV, I guess." Schumacher muses separately, in a frank scene on a Swiss mountainside, about the difficulties he faces and his determination to succeed. With the retirement of four times world champion Sebastian Vettel, the only German driver is veteran Nico Hulkenberg as Schumacher's replacement at Haas.
F1 team bosses have their own light-bulb moment
  + stars: | 2023-02-26 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
LONDON, Feb 26 (Reuters) - The late McLaren boss Teddy Mayer liked to compare Formula One drivers to interchangeable light-bulbs, declaring "you plug them in and they do the job", and nowadays the same might be said for team principals. The Frenchman is on his third different team, after stints at Sauber and Renault. "It shows also that the role of the team principal is maybe sometimes also a bit over-rated because if you can change it so quickly and there is no big impact, it tells also something. Sauber, with Swedish billionaire Finn Rausing as chairman of the board, will become the Audi works team from 2026. "But other than that we must not forget that F1 teams have developed into big organisations where the owners are not any more the team principals... some have engineers as team principals, some have more an old-fashioned rule."
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