Tag: badly

Maserati’s MC20 supercar is the start of a badly needed reinvention

  • The MC20 supercar, Maserati’s new flagship halo car, represents the first of Maserati’s “new era” of vehicles.
  • Following the MC20, Maserati will launch 13 new cars from now through 2024. All-electric versions of those cars are also in the works.
  • The new cars will take design cues and technology from the MC20.
  • Visit Business Insider’s homepage for more stories.

If in the past few years you’ve found yourself wondering what, exactly, was up at Maserati, you weren’t alone.

For a decent while, the Italian brand only offered four cars: the Levante SUV, launched in 2016; the Quattroporte and Ghibli sedans, launched in 2013; and the aged GranTurismo grand tourer that launched during the second Bush administration. 

Poor sales have plagued the brand since at least 2018. In November of that year, The Drive quoted a story from Automotive News that said Maserati’s earnings dropped 87% — or about $17.2 million

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The market’s ‘badly in need’ of a stimulus package

CNBC’s Jim Cramer on Friday took a look at the week ahead for Wall Street and gave his thoughts on the newsiest events marked on his calendar.

“I know it’s not a huge news week, but this market’s badly in need of another stimulus package,” the “Mad Money” host said. “I think the next move hinges on whether or not Congress can get its act together to pass something, an event the market needs to break out of its doldrums.”

The comments come after the stock market toiled through a mixed day of trading to close out one of the most volatile weeks for stocks in months.

The Nasdaq Composite was the only major index to fall during the session, slipping 0.6% to 10,853.54 at the close as Big Tech stocks continued to decline from record highs.

The S&P 500 inched up just 0.05% to 3,340.97, and the 30-stock Dow

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