CNBC takes a tour of Ferrari’s new e-building
CNBC gained exclusive access to Ferrari’s HQ in Maranello, Italy, to explore the company’s new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report.
Ryanair shares tumble 17.2% as budget airline reports 46% fall in quarterly profit, sees lower fares
Ryanair shares slid after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.
Here’s why China was largely unaffected by Friday’s IT outage
While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected.
Majority of pledged Democratic delegates endorse Harris after massive fundraising day
Kamala Harris is raising hundreds of millions and scoring key endorsements since Joe Biden dropped out.
CNBC Daily Open: Biden drops out, endorses Harris
Biden ends reelection bid and backs Harris. S&P 500 and Nasdaq post biggest weekly loss. CrowdStrike failure.
Delta cancels hundreds more flights in struggle to recover from Microsoft outage
Delta is struggling to recover from a global IT outage even as its competitors have largely returned to normal operations.
Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race
While Vice President Kamala Harris jumps into the race late in the campaign cycle, some experts said she could head into November with serious momentum.
CNBC Daily Open: Biden drops out
Biden ends reelection bid and backs Harris. S&P 500 and Nasdaq post biggest weekly loss. CrowdStrike failure.
Asia stocks fall as Biden drops presidential bid; China unexpectedly cuts interest rates
“It is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President,” Biden wrote in a letter.
