Ferrari will churn out gas guzzlers on its slow road to electric drive

MARANELLO, Italy, June 30 (Reuters) – Ferrari (RACE.MI) makes some of the fastest cars on the road, but the Italian luxury automaker is taking the slow lane towards an electric future while trying to balance the technology’s disadvantages over the to overcome today’s powerful fossil fuel engines. At an investor day this month, executives promised … Read more

Biden administration leans on Tesla to reform renewable fuel policy

Jun 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately, his government has leaned on the company to help draft a new policy to allow electric vehicles (EVs) to benefit from the country’s lucrative renewable fuel subsidies, according to emails verified by Reuters. The Biden … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown. Here’s what happens when this fails

Last week’s shocking US inflation numbers continue to rip through markets with dip buyers appearing to be hiding. The hardest-hit Nasdaq 100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed earnings, with expectations that the central bank may have to do something bold that will spark even more concern. The aftermath … Read more