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The five secrets to Ferrari’s success as a luxury brand
  + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com   time to read: +10 min
In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."
Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. PCE data will 'probably not bring much surprise', portfolio manager saysLuca Castoldi, senior portfolio manager at Reyl Intesa Sanpaolo Singapore discusses the outlook for global markets and the U.S. Federal Reserve's monetary policy.
Persons: Luca Castoldi Organizations: U.S, PCE, U.S . Federal Locations: Singapore, U.S .
Overall, the share of households with life insurance has "steadily" decreased since the early 1970s, according to the NAIC. That said, even as fewer people buy life insurance, "I do think there's a need for it," he added. What type of life insurance to buyThere are two broad types of life insurance: Term and permanent. Permanent life insurance, such as a whole or universal life policy, is meant to last throughout life. How much life insurance to getLuca Sage | Digitalvision | Getty Images
Persons: Knoll, Shapiro, Scott Shapiro, , Luca Sage Organizations: Planning Center . Insurance, Getty, Illinois Department of Insurance, KPMG, Digitalvision
CNN —Roberto Baggio, widely regarded as one of the greatest soccer players in history, suffered head injuries when a group of armed criminals entered his Altavilla Vicentina home in northern Italy on Thursday evening, according to local police. The break-in happened during the European Championship match between Italy and Spain, which Baggio was watching on TV with his family, according to local media reports. Baggio tried to defend his family and was hit on the head with a gun, reports said. The total value of what was stolen has not been reported, according to local media. The villa and grounds had security cameras and police have not made any arrests yet, according to local police.
Persons: CNN — Roberto Baggio, Baggio, , ” Baggio, ANSA, Luca Zaia, Roberto Baggio, Zaia, ” Baggio –, Organizations: CNN, Juventus, AC Milan, Inter Milan, Italian, Italy, Ballon Locations: Italy, Spain, Arzignano, Italy’s Veneto, Altavilla Vicentina
Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.
Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney proved it still has some box-office firepower this weekend with Pixar's "Inside Out 2." The film had the biggest three-day opening weekend of the year, grossing $155 million domestically and $295 million worldwide. That's also the second-biggest domestic opening ever for an animated movie, behind another Pixar title, 2018's "Incredibles 2" ($182.6 million). AdvertisementClearly, now that Pixar movies are back in theaters, they're going to be playing everywhere — and that strategy is working.
Persons: , That's, Will Smith, Luca, Oscar, Riley, Bing Bong, it's, It's, Alisha, Bob Iger, Raya, John Krasinski's, you'll, Indiana Jones Organizations: Service, Pixar, Business, Disney, Hollywood Locations: Oklahoma
Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2." For comparison, 2019's "Toy Story 4" generated $12 million on its Thursday previews and snared $120.9 million for its opening weekend. Only a rare few films would extend beyond that date — usually massive franchise films or blockbuster hits. "Ninety-day windows were always going to be unsustainable," said Jeff Kaufman, senior vice president of film and marketing at Malco Theaters. Box office experts are looking to "Inside Out 2" as a barometer for the health of Pixar and its future.
Persons: Disney, Jeff Kaufman, Daniel Loria, Loria, There's, Scarlet Johannson, Sean Gamble, Luca Organizations: Disney, Pixar Disney, Warner Bros, Pixar, Universal, Malco, Box Office Company, Studios, Hollywood, Lionsgate, Universal —, Paramount, Sony, Fox, Searchlight —, Marvel, Walt Disney Animation Locations: United States, Canada, North America, U.S
I believe it is profoundly wrong, in difficult times like these, to campaign using a precious forum like the G7,” Meloni told reporters Thursday. Italian Prime Minister Giorgia Meloni welcomes US President Joe Biden to the G7 summit, June 13, 2024. The 2023 G7 communique, released after the last summit in Hiroshima, Japan, called for “access to safe and legal abortion and post abortion care.” Previous summits’ communiques had stopped short of using the word “abortion,” calling instead for access to sexual and reproductive health services. The spat between Meloni and Macron comes after France in March became the world’s first country to enshrine abortion rights in its constitution, the culmination of an effort which began in direct response to the US Supreme Court’s decision to roll back abortion rights in America. The same sensibility is not shared in your country today,” Macron told an Italian journalist at the summit.
Persons: Emmanuel Macron, Georgia Meloni, Macron, ” Meloni, , ” Italy’s, , Giorgia Meloni, Joe Biden, Luca Bruno, communiques, Biden, Meloni, Roe, Wade, Donald Trump, Francesco Lollobrigida, Meloni’s, Pope, ” Macron Organizations: CNN, Seven, , AP, United, Ukraine Locations: Italy, Italian, France, “ France, Puglia, Ukraine, Hiroshima, Japan, America
When it comes to gender equality, the architectural profession is a laggard, to say the least. It wasn’t until the 21st century that the Pritzker Architecture Prize — the profession’s highest accolade — was first awarded to a woman: Zaha Hadid, who won it in 2004. Yvonne Farrell and Shelley McNamara, co-founders of the Dublin firm Grafton Architects, are among only five women who have collected the award since. In awarding them the 2020 prize, the Pritzker jury described Farrell and McNamara as “pioneers in a field that has traditionally been and still is a male-dominated profession,” and cited their consistent regard for “the people who would inhabit and use their buildings and spaces.”Community-oriented, sustainable architecture was one of the themes of the Art for Tomorrow conference, an annual event convened by the Democracy & Culture Foundation with panels moderated by New York Times journalists that was held in Venice last week. In a panel titled “Architecture for Good,” Manuela Lucá-Dazio, executive director of the Pritzker Prize, said that while the Pritzker’s mission had remained the same since it was established in 1979, “our world has deeply changed in the past 45 years.”
Persons: , Zaha Hadid, Yvonne Farrell, Shelley McNamara, Farrell, McNamara, , ” Manuela Lucá Organizations: Pritzker, Grafton Architects, Art, Tomorrow, Democracy & Culture Foundation, New York Times Locations: Dublin, Venice
So Close to Sicily, So Far From the Crowds
  + stars: | 2024-05-29 | by ( Amy Tara Koch | Paolo Pellegrin | ) www.nytimes.com   time to read: +1 min
For years I had been hearing about the island of Pantelleria, the craggy, hard-to-get-to Eden with middle-of-nowhere tranquillity that sits 89 miles southwest of the island of Sicily and about 50 miles east of Tunisia. Luca Guadagnino’s 2015 film “A Bigger Splash” painted a seductive idyll of mud baths, romantic ruins and secluded swimming coves. Celebrities like Madonna, Sting and Julia Roberts visited, drawn to the striking, Africa-meets-Italy ambience, along with Giorgio Armani, a part-time resident since 1980. The fact that nobody was impressed by them added to the allure. The beauty is in the slow pace and the wild landscape.”
Persons: Luca Guadagnino’s, Sting, Julia Roberts, Giorgio Armani, , Sciascia Gambaccini Locations: Pantelleria, Eden, Sicily, Tunisia, Africa, Italy
AdvertisementAmong my kids' classmates and friends, I can't name a single child born in recent years whose name falls into this category. Related storiesOne of my kids technically has a gender-neutral name, but admittedly, it wasn't an issue when we named him in Germany. Another interesting fact is that common German last names, like Schroeder or Fischer, can't be given as first names in Germany. The reason for these names being rejected is due to child protection grounds, as they are seen by German law as acts of child cruelty. Fortunately, this particular law was never an issue for us — we certainly never intended to give our children names like Stalin or Captain Marvel.
Persons: , Frank Zappa's, Dweezil, Kanye West, Kim Kardashian's, Luca, It's, didn't, Sir, Chanel, Bentley, Schroeder, Fischer, Parker, Sawyer, Carter, Adolf Hitler, Carola, Schokominza, Lenin, Stalin, Marvel Organizations: Service, Moon Unit, Kanye, Business, Prada, Nazi, Pepsi Locations: United States, Saint, Chicago, Germany, London, Ireland, Brooklyn, Memphis, Berlin, Oslo, Dublin
Follow live coverage of the first day of the French Open 2024 today and game-by-game coverage of Stan Wawrinka vs Andy MurrayOnce upon a time, there was a tennis tournament called the French Open. When it was over, the greatest clay-court player of all time learned that he would have to play a rematch of the 2022 French Open semi-final, where Zverev tore ligaments in his ankle after pushing Nadal to his limits. They’re French Open finalists the past three years, and two of the best clay-court players in the world. She has won three of the past four French Open titles, and has become nearly unbeatable on clay. Ostapenko won the French Open in 2017 (Julien de Rosa/AFP via Getty Images)Ostapenko has beaten Swiatek all four times they have played, and won this tournament in 2017.
Persons: Stan Wawrinka, Andy Murray, Andres Gomez, Carlos Moya, Thomas Muster, Yevgeny Kafelnikov, Gaston Gaudio, Rafael Nadal, Nadal, Alexander Zverev, David Ramos, Novak Djokovic, Zverev, Rafael Nadal's, It’s, Carlos Alcaraz, Monte, Andrey Rublev, JJ Wolf, Next, hasn’t, Julian Finney, Pierre Hugues, Herbert, Luca Nardi, Alejandro Tabilo, Tomas Machac, Roland Garros, Chris Eubanks, there’s, Casper Ruud, They’re, Tsitsipas, Marton Fucsovics, Ruud, Jakub Mensik, Felipe Meligeni Alves, Nicolas Jarry, . Jarry, Corentin Moutet, Tabilo, Men’s, Ra, s 🇨🇿 Toma, Macha, Ben Shelto, 🇬 🇧Dan Evans, She has, Elen, Leo l ia Je, ike Nosk, ina, Ry, aki, Sara S orri, 🇰🇿 Yulia Putin, Cornet 🇷🇴 Sor, lina (15) Organizations: Nadal, Getty, Monte, adal Locations: German, Berlin, Monte Carlo, Barcelona, Rome, Madrid, Geneva, Italy, Chile, Czech, Ost
One problem: Disney had weakened the Pixar brand by using its films to build the Disney+ streaming service. Starting in late 2020, when many multiplexes were still closed because of the coronavirus pandemic, Disney debuted three Pixar films in a row (“Soul,” “Turning Red” and “Luca”) online, bypassing theaters altogether. At the time — around December 2020 — Disney was pouring money into the streaming service in a wild and ultimately unsuccessful effort to attract up to 260 million subscribers worldwide. As part of the retrenchment at Pixar, “Elio,” a movie about an 11-year-old boy who is inadvertently beamed into space, was delayed. Disney pushed it to June 2025.
Persons: Disney, “ Luca ”, , Robert A, “ Elio, , Pixar’s, Lightning McQueen, Mater Organizations: Pixar, Disney, Hollywood, Marvel, — Disney
CNN —“Bridgerton” is finally back, and the new season has been infused with a much-needed aphrodisiac. But season three, which centers on Penelope Featherington (Nicola Coughlan) — a.k.a. In recent months, there’s been talk about how sex is returning to movies after a long, dull period of primarily PG-13 fare. ), but this season’s “Bridgerton” is doing a fine job with the foreplay as well, teasing the furtive looks and fantasies of its two leads as well as delving into several other boudoirs. Escaping into the candy-colored, racially diverse, endlessly horny utopia of Mayfair might just be the perfect balm for the 2024 soul.
Persons: Sara Stewart, CNN —, , Sara Stewart Todd Thompson, Julia Quinn’s, Penelope Featherington, Nicola Coughlan, — a.k.a, Lady Whistledown —, Colin Bridgerton, Luke Newton, he’d, he’s, Coughlan, Regé, Jean Page, Simon Basset, Duke of Hastings, Jonathan Bailey, Viscount Anthony Bridgerton, Colin, He’s, Darcy, we’d, Anthony, Jane Austen, Nathaniel Hawthorne, Hawthorne, , That’s, there’s, Luca Guadagnino’s “, Fennell’s, Glen Powell, , Kathleen Turner, William Hurt, we’ve, Coughlan’s Penelope, bravo, Rebecca Yarros, Sarah Maas, Colleen Hoover, Organizations: CNN, Netflix, Guardian, , , New York Times, Twitter Locations: Pennsylvania, America, BookTok, Mayfair
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrands focused on high-end consumers are doing very well indeed, says analystLuca Solca, managing director and sector head of global luxury goods at Bernstein, joins Squawk Box Europe to discuss the sector-wide slowdown in luxury after a recent slew of big-brand earnings.
Persons: Luca Solca Organizations: Email Brands, Bernstein
NASDAQ closes at record high
  + stars: | 2024-05-14 | by ( ) 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 EmailNASDAQ closes at record highAdam Crisafulli, Vital Knowledge founder, and Luca Paolini, Pictet Asset Management chief strategist, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Adam Crisafulli, Luca Paolini Organizations: NASDAQ, Vital Knowledge, Pictet Asset Management
AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the venture capital market may be showing signs of a recovery. "The environment has dramatically changed since then," Nelis told CNBC. Climate-focused VC firm World Fund closed a 300 million euro fund in March. "We're lucky that with DeepMind here in London and with Fair [Facebook AI Research] in Paris, there's at least two big centers that have great AI expertise," Nelis told CNBC. "My expectation is Europe is going to generate some really interesting AI application companies," Nelis told CNBC.
Persons: Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, Philippe Botteri, it's, Nelis, UiPath, Russia's, Wise, Magnus Grimeland, Grimeland, there's, Victor Riparbelli, Synthesia, Riparbelli Organizations: Accel, Accel Venture, Spotify, CNBC, Skype, U.S, Nvidia Locations: Europe, Israel, Lithuania, Romania, Ukraine, New York, U.S, London, Paris, Synthesia
CNN —The Oscar-winning team behind the nearly $6 billion blockbuster “Lord of the Rings” and “The Hobbit” trilogies is reuniting to produce two new films. The first of the new projects from Sir Peter Jackson, Fran Walsh and Philippa Boyens is tentatively titled “Lord of the Rings: The Hunt for Gollum,” Warner Bros. Walsh and Boyens have been tapped to write the screenplay, along with Phoebe Gittins and Arty Papageorgiou. Warner Bros. is owned by CNN’s parent company. Jackson made history with “The Lord of the Rings” trilogy, becoming the first person to direct three major feature films simultaneously.
Persons: Sir Peter Jackson, Fran Walsh, Philippa Boyens, Gollum, ” Warner, , Andy Serkis, Walsh, Boyens, Phoebe Gittins, “ Yesssss, ” Serkis, , Peter, Fran, Philippa, ” Jackson, Tolkien’s, Mike De Luca, Pam Abdy, Jackson, King ”, Serkis, Jackson’s Organizations: CNN, ” Warner Bros . Discovery, Warner Bros, Warner Bros . Pictures, Globes
'A pretty good job'For all its faults, ChatGPT "does a pretty good job" responding to customer complaints, Natasha said. A screenshot of a discussion about using ChatGPT to write reviews on Airhosts Forum, a website for Airbnb hosts. His company, which counts Priceline, Hopper and AvantStay as customers, uses AI to help customer service agents sound more professional, he said. More discovering itMichael Friedman, CEO of the family-run vacation rental company Simple Life Hospitality, said his company does not use AI to respond to customers. But after learning that other travel companies are, she decided to test ChatGPT with a real-life problem she recently faced.
Persons: Natasha, Reddit, Luca Zambello, Brad Birnbaum, Hopper, Birnbaum, Michael Friedman, , Aw, Tokudaw, ChatGPT Organizations: CNBC, Airhosts, Airbnb, Mt Fuji Locations: TripAdvisor, Yelp
Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. This resulted in stronger-than-expected free cash flow, which is more important than operating cash flow because it is cash Apple can ultimately return to shareholders via buybacks and dividends. During the reported quarter, Apple paid over $27 billion to shareholders, including $3.7 billion in dividends and equivalents and another $23.5 billion via the repurchase of 130 million shares. Quarterly results Apple's services sales notched another record, which offset a slight miss in product sales and led to beats on gross and operating income. iPad sales are expected to gain double digits year over year, much better than the 5.9% expected on Wall Street.
Persons: Tim Cook, Cook, we're, Apple, Luca Maestri, Maestri, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Management, MacBook, MacBook Air, Apple Watch, Fortune, Apple Vision, KLM Airlines, CNBC, Apple Inc, Visual China, Getty Locations: China, Greater China, America, East, Canada, India, Spain, Turkey, Indonesia, WWDC, U.S, Australia, France, Germany, Japan, Shanghai
Instead of glaring too much at iPhone revenue, Wall Street chose to focus on the positive. Apple said iPhone sales suffered from a difficult comparison to last year, when sales were elevated after previous shortages. Annual iPhone revenue peaked in Apple's fiscal 2022. While Apple provided some guidance for total revenue, it avoided offering any sort of forecast for iPhone sales. "For the last couple of years we were doing $90 billion and now we're doing $110 billion," Maestri said on the call.
Persons: Tim Cook, Gene Munster, Munster, CNBC's, Apple, Luca Maestri, that's, Dow, Maestri, let's Organizations: Apple, Fifth, Wall, Wall Street, Android, Microsoft, Dow Jones Locations: New York City, There's
AdvertisementThe ending of the tennis movie "Challengers" has left many viewers questioning who wins the final match, but the film's director and screenwriter said it is not about a singular winner. During a tiebreak in the final scene, Patrick and Art enter a rally, hitting the ball at each other instead of trying to score. Here's what this final scene could mean and what the director and screenwriter have said about it. MGMIn the final scene, Art is one point away from winning the competition. The "Challengers" director and screenwriter said it doesn't matter who won the final match.
Persons: , Zendaya, Mike Faist, Josh O'Connor, Art Donaldson, Patrick Zweig, O'Connor, Patrick, Tashi, audibly, Patrick's, Niko Tavernise, David Hanzes, Slate, Luca Guadagnino, Justin Kuritzkes, Kuritzkes, Tashi Duncan, they're, Guadagnino Organizations: Service, Challenger, Art, MGM, US Tennis Association's Eastern, Goldwyn, Mayer Pictures, Entertainment, Mayer
The move sparked protests, highlighting the problems city officials face when tackling overtourism. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When cities are overrun with tourists, officials are often tasked with finding ways to make them more liveable for residents. On peak days, tourists visiting Venice for the day need to buy a ticket online or at booths to enter the city. Other tourist hot spots have implemented caps on the number of daily visitors.
Persons: , aren't, Simone Venturini, Venturini, Luca Bruno, Manuel Silvestri, it's Organizations: Service, Guardian, Business, AP, Reuters, Mount Fuji, BBC, US National Parks Locations: Venice, Italian, Veniceland, Amsterdam, Japan, Fujikawaguchiko, Austria, Athens
Zendaya, Josh O'Connor, and Mike Faist star as tennis players in Luca Guadagnino's movie "Challengers." AdvertisementCompeting at such a high level doesn't happen overnight for professional tennis players, who spend years sharpening their skills with coaches, trainers, nutritionists, and sports psychologists. So to convincingly play elite players, Zendaya, O'Connor, and Faist turned to Gilbert, who has coached players like Andy Roddick and Coco Gauff to championship wins at the US Open. Zendaya, O'Connor, and Faist underwent physical transformations to look like tennis prosMike Faist as Art Donaldson in "Challengers." Zendaya and Faist had two months of preparation before traveling to Boston to start filming "Challengers."
Persons: Zendaya, Josh O'Connor, Mike Faist, Luca Guadagnino's, Brad Gilbert, , it's, Tashi Duncan, Art Donaldson, Patrick Zweig, Tashi, Patrick, Tashi's, O'Connor, Faist, Gilbert, Andy Roddick, Coco Gauff, Donaldson, MGM Gilbert, Bryan Doo, Riff, Steven Spielberg's, Kim Gilbert, Roger Federer, Pete Sampras, Patrick's, Jay Berger, Guadagnino, O'Connor wouldn't Organizations: Service, MGM, Business Locations: Arrakis, Boston, New Rochelle
We meet them in Stanford, where Art is attending, while Patrick has left education to become a professional tennis player. “I think she’s making me an honest man. You don’t believe me?” “No, I’m just — I’m not sure how she’s thinking about all of this. So we cut to a sort of reverse shot, extreme close up, where Patrick hugs, in a sort of ambiguous way. When the sugar goes on the cheek of Patrick, Art takes it off with his hand in a very nice gesture of kindness — and very intimate, I would say.
Persons: I’m Luca Guadagnino, ’ — Patrick Zweig, Josh O’Connor, Art Donaldson, Mike Faist —, Patrick, Tashi Duncan, Tashi, , Josh, Mike Organizations: , , Zendaya Locations: Stanford
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