The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday. Despite volatile stock markets and growing economic uncertainty, demand for Lamborghini’s is “as high as ever,” said Stephan Winkelmann, Lamborghini’s CEO.
Wealth
In 1992, years before Amazon had the capacity to deliver parcels to every home in America, billionaire philanthropist MacKenzie Scott’s life looked a lot different. Scott had just graduated from Princeton University, and moved to New York City in the hopes of becoming a novelist. Like many recent college grads, she struggled to pay bills.
Growing up in an immigrant household, money was treated as a tool for survival. My parents worked long hours to provide for me and my siblings, and each dollar was used for necessities like bills and food. There wasn’t much room for wants or going on family vacations. I wasn’t taught how to grow my
Elon Musk’s bid to acquire Twitter might have an undesirable side-effect for the billionaire: adding yet another large company to his jam-packed schedule. The Tesla and SpaceX CEO has offered to buy every Twitter share he doesn’t already own — 90.8% of the company — in a deal worth roughly $43 billion, according to a
Since leaving Google, Eric Schmidt has focused his energy on tackling big global problems — and none, he says, are as pressing as climate change. “If we don’t address climate change, we really will be toast,” Schmidt, Google’s former CEO and chairman, tells CNBC Make It. “If you look at the rate of melting in
The newest member of the U.S. Supreme Court a one-word piece of advice for young people hoping to make an impact with their careers: Persevere. On Thursday, the Senate confirmed Ketanji Brown Jackson’s nomination to the Supreme Court by a vote of 53 to 47, making her the first Black woman ever nominated and appointed
Over the past decade, Mark Zuckerberg, Jeff Bezos and Peter Thiel have all poured money into life-prolonging and anti-aging research. Tesla and SpaceX CEO Elon Musk isn’t buying in. “I don’t think we should try to have people live for a really long time,” Musk recently told Insider. “It would cause asphyxiation of society because
The completion of the world’s tallest buildings is said to be one less conventional indicator of an economic downturn. Pictured here on April 3, 2022, is the Merdeka 118 tower in Malaysia, which was completed at the end of the 2021 and is said to be the world’s second tallest skyscraper. Sopa Images | Lightrocket
Elon Musk says a lot of seemingly fantastical things. For example: The billionaire Tesla and SpaceX CEO seems to believe that humans will eventually be able to live forever, by downloading their brains into robots. “I think it is possible,” Musk, 50, recently told Insider. “Yes, we could download the things that we believe make
Why more buyers are dropping the inspection continency One of the biggest drivers of fierce competition in the homebuying market right now is the historically low number of houses on the market. There were about 833,000 homes on the market in the U.S. in January, according to Zillow’s most recent monthly market report. Two years
Incidents involving unruly passengers in the United States are decreasing. But the good news may end there. On average, there were about 500 reports of unruly passengers per month in 2021, according to the U.S. Federal Aviation Administration. In the first three months of 2022, this number fell to about 350 reports per month, according
Elon Musk and Twitter have always been a volatile combination. That’s especially unlikely to change now, with Musk buying a 9.2% stake in the social media company and landing a seat on Twitter’s board of directors. The stake, which was disclosed in a regulatory filing on Monday, is valued at more than $3 billion. For