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Ferrari stock falls after unveiling of Luce, a new $640,000 EV designed by Jony Ive
Yahoo Finance81d agobearish
Ferrari stock falls after unveiling of Luce, a new $640,000 EV designed by Jony Ive

The Luce EV arrived in Rome on Monday night, making a big statement as Ferrari's first fully-electric car. Featuring a design vastly different from the Italian automaker's current offerings, the company argues change was needed for the first "electric Ferrari," with a new market, new clients in focus, and price touching $640,000.

RACE
Tech Weekly: Ferrari's electric bet, Samsung's major deal
Reuters Videos81d agoneutralVIDEO
Tech Weekly: Ferrari's electric bet, Samsung's major deal

<body><p>STORY: From Ferrari's electric bet to Samsung's major union deal, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Ferrari presented its first fully electric car.</p><p>The Luce has a range of over 300 miles and features four electric motors which help it reach a top speed of around 200mph.</p><p>It marks a high-stakes shift as the&nbsp;sports car maker gambles new consumers will shift to high-tech luxury EVs.</p><p>The Luce is aimed at families with deep pockets with a price tag of $640,000.</p><p>Nvidia CEO Jensen Huang signaled he sees major long-term opportunities for the firm in China.</p><p>That's despite tensions over a tech race between Washington and Beijing.</p><p>Huang spoke to reporters in Taipei, ahead of a trade show.</p><p>He was asked whether China was part of a $200-billion market forecast he mentioned during a recent Nvidia earnings call.</p><p>"I would think so. $200 billion is not today, it’s someday. And it includes all the data centers, CPUs. This is a new market for us."</p><p>Lenovo reported a better-than-expected 27% jump in quarterly revenue</p><p>The tech firm's tablet and smartphone division saw revenue rise by close to a quarter - it's highest growth rate in five years.</p><p>Lenovo said overall revenue for the period to the end of March jumped $21.6 billion - above analyst estimates.</p><p>Investors liked what they heard and shares soared 15% soon after the update.</p><p>Texas sued WhatsApp and its parent firm Meta.</p><p>The state said the tech firm misled consumers over the messaging app’s encryption and privacy standards.</p><p>The lawsuit says users are given false assurance that their messages are encrypted.</p><p>A Meta spokesman called the allegations “false”, and said WhatsApp can't access people’s encrypted messages.</p><p>Samsung shares surged after it reached a deal with its South Korean union to avoid an 18-day strike.</p><p>48,000 workers could have taken part in the proposed industrial action.</p><p>One union source said a memory chip worker with a base salary of about $53,000 is expected to receive a bonus of around $416,000.</p><p>There was relief in Seoul at the deal as Samsung makes up for about a quarter of the country's exports.</p><p>Although the Samsung Electronics Co Union, which has about 13,000 members, took legal action to stop the vote on a pay deal - which is expected to be concluded by Wednesday.</p><p>It said it took legal action after being told it had no right to join the vote.&nbsp;</p></body>

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Ferrari Stock Drops After the Supercar Maker Reveals Its First EV
Barrons.com81d agobearish
Ferrari Stock Drops After the Supercar Maker Reveals Its First EV

Ferrari is going electric, and that’s a worry for Wall Street. Former Apple chief design officer Jony Ive helped create the car, which Ferrari said would sell for a starting price of 550,000 euros ($640,000). Ferrari collector Luc Poirier told Barron’s last year that the technology felt “almost like a gimmick.”

AAPLRACE
Ferrari's First EV Fails to Impress Investors
The Wall Street Journal81d agoneutral
Ferrari's First EV Fails to Impress Investors

Europe’s most valuable automaker took the wraps off its first-ever model without an internal combustion engine Sunday. Designed in partnership with celebrated Apple alumnus Jony Ive, the Ferrari Luce is big on glass, light and space.

AAPLRACE
US Stock Futures Extend Gains as Peace Hopes Hold: Markets Wrap
Bloomberg81d agobullish
US Stock Futures Extend Gains as Peace Hopes Hold: Markets Wrap

(Bloomberg) -- US equity futures extended gains and Treasuries rallied as investors remained hopeful that the latest American strikes on Iran won’t derail talks to end the Middle East conflict. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on

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Jony Ive Designed Ferrari Luce Debuts With A $640,000 Price Tag And Interiors That Drift Apart From Tesla's Screen-Heavy Approach
Benzinga81d agoneutral
Jony Ive Designed Ferrari Luce Debuts With A $640,000 Price Tag And Interiors That Drift Apart From Tesla's Screen-Heavy Approach

Ferrari N.V. (NYSE:RACE) unveiled its first fully electric car Monday, presenting the four-door Luce, designed in collaboration with former Apple Inc. (NASDAQ:AAPL) design chief Jony Ive and his collective LoveFrom, as a high-stakes bet that wealthy buyers will embrace a battery-powered Ferrari even as rivals such as Volkswagen AG’s (OTC:VWAGY) Porsche and Lamborghini slow some EV plans because of softer demand. Ferrari Bets On Electric Luxury The Luce, Italian for "light," is Ferrari's first fi

AAPLRACETSLA
Ferrari bets on generational tech shift with Luce five-seat EV
Reuters Videos81d agoneutralVIDEO
Ferrari bets on generational tech shift with Luce five-seat EV

<body><p>STORY: :: Ferrari</p><p>Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker.</p><p>Dubbed the Luce, it has a range of over 300 miles and features four electric motors, which help deliver more than 1,000 horsepower and a top speed close to 200 miles per hour.&nbsp;</p><p>Priced at $640,000, Ferrari aims to appeal to families with deep pockets, offering them comfortable seats, high-end tech and a big trunk.&nbsp;</p><p>The four-door Luce, Italian for 'light', is Ferrari's first five-seater and was developed with the help of former Apple design chief Jony Ive and his collective LoveFrom.</p><p>The Luce marks a gamble that a generation steeped in technology and AI, and less attached to the brand's trademark 12- and 8-cylinder engine legacy, will shift to high-tech luxury EVs.</p><p>The move comes as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand.</p><p>Ferrari also hopes the Luce will help it expand in markets like China, where EVs are already widespread and big petrol cars are heavily taxed.</p></body>

AAPLRACE
Bloomberg82d agobearish
Ferrari Rolls Out Five-Seat Fully Electric Car in Brand First

(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Urani

AAPLRACETSLA
Reassessing Ferrari (BIT:RACE) Valuation After A Year Of Weak Share Price Performance
Simply Wall St.87d agoneutral
Reassessing Ferrari (BIT:RACE) Valuation After A Year Of Weak Share Price Performance

Recent share performance and business snapshot Ferrari (BIT:RACE) has drawn investor attention after a mixed share performance, with the stock up 3.5% over the past day but down about 10% over the past month and 7.6% over the past 3 months. Over a longer horizon, the stock is down roughly 9.4% year to date and 34.6% over the past year, while the 3 year and 5 year total returns stand at 9.1% and 71.1% respectively. In this context, investors are reassessing how the company’s current earnings...

RACE
Credicorp Q1 Earnings Call Highlights
MarketBeat92d agoneutral
Credicorp Q1 Earnings Call Highlights

Credicorp (NYSE:BAP) reported a strong first quarter of 2026, with management citing record-high net income, robust loan growth, improved asset quality and expanding contributions from digital initiatives as key drivers of performance. Chief Executive Officer Gianfranco Ferrari said the company del

RACE
Akon's top business mistake: Stop hustling backwards
Yahoo Finance Video93d agoneutralVIDEO
Akon's top business mistake: Stop hustling backwards

Yahoo Finance Executive Editor&nbsp;Brian Sozzi&nbsp;sits down with Musician and Entrepreneur Akon to chat about his new album, his successful investments, and his advice for entrepreneurs.

RACE
Is Ferrari (NYSE:RACE) Starting To Look Interesting After Recent Share Price Pullback?
Simply Wall St.96d agoneutral
Is Ferrari (NYSE:RACE) Starting To Look Interesting After Recent Share Price Pullback?

If you are wondering whether Ferrari stock is still priced for excellence or starting to look interesting on value, the recent share performance gives you a useful starting point. The stock last closed at US$339.69 and has risen 0.2% over the past week, while being down 3.5% over the past month, 8.7% year to date and 29.4% over the last year, with longer term returns of 18.9% over three years and 75.2% over five years. These mixed returns sit against an ongoing investor focus on premium...

RACE
Ferrari F1 Upgrade Struggles Put RACE Brand And Valuation In Focus
Simply Wall St.96d agobullish
Ferrari F1 Upgrade Struggles Put RACE Brand And Valuation In Focus

Ferrari (NYSE:RACE) brought a major Formula 1 upgrade package with 11 changes to the SF-26 to the Miami Grand Prix. The updates did not deliver the expected performance, with the team facing tyre degradation and limited on-track gains. Drivers, including Charles Leclerc, and former engineer Rob Smedley have raised concerns about the car's development path. Comments from Lewis Hamilton and others point to questions around Ferrari's broader F1 development strategy. For investors, the F1...

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