The United States economy recorded an annualised growth rate of 1.5% in the second quarter, a notable decline from the 2.1% observed in the preceding quarter. This slowdown coincides with persistent inflationary challenges, underscoring the complexities facing Washington's economic strategists.
Ferrari's shares plummeted following the reveal of the Luce, its inaugural £474,320 fully electric five-seater, developed with former Apple designer Sir Jony Ive. The market reaction reflects broader challenges in the luxury EV sector and competition from Chinese manufacturers.
Michele Spagnuolo, a Google engineer, faces charges in New York for allegedly using confidential company data to win over $1.2 million on the prediction platform Polymarket. Spagnuolo, an Italian citizen based in Switzerland, was arrested and accused of exploiting internal marketing information to place lucrative cryptocurrency bets.
