War Against Yemen Endangers Saudi Crown Prince’s Position

'Take The Badge Off': Former Ferrari Boss Slams New $635k EV That Company Thinks Will Attract 'Younger Buyers' One week after Ferrari unveiled its first-ever all-electric car, called the Luce, the design continues to divide analysts. Some referred to the new model as a "mix between a Honda Accord EV and a Tesla," while others said that Tesla's Model S Plaid was far superior. The latest report from Goldman analysts provided new details about their most recent visit to Ferrari's headquarters in Maranello. Last Friday, Ferrari hosted an investor day, which...

Georgia Refuses To Adopt EU Sanctions On Iran Citing 'National Interests' Via The Cradle Georgia officially refused to implement the EU's newest sanctions against Iran, Interpress news reported on this week, with Tengiz Sharmanashvili, a member of parliament for the ruling Georgian Dream party, saying Tbilisi backs international measures only when they serve Georgian interests. "If it goes against Georgia's interests, we do not care whose interests it serves," Sharmanashvili said.  via AFP "The question of whether Georgia joins a resolution or takes steps in international affairs is determined by one criterion alone: whether it serves...

Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: instead of the expected $17.5BN increase, in May total consumer credit unexpectedly shrank for the first time since...