Top 5 Bugatti Cars in the World
Bugatti Veyron:
The Bugatti Veyron is a high-performance sports car that was launched in 2005. The sports car has an 8.0 litre, quad-turbocharged. W16 cylinder engine that produces 1001 BHP and 1250 Nm of torque. It can accelerate from 0 to 100 km/h in 2.7 seconds with a top speed of 407 km/h. The interior is made up of aluminium alloy and leather. The high-performance braking system is integrated into its rear wing with an aerodynamic braking system. Four colours are available: Titanium Grey Metallic, Italian Red, White Silver, and Black Carbon.
Bugatti Chiron:
Bugatti Chiron is a hypercar that combines speed, power, luxury, and comfort. The Chiron has an 8.0L W16 quad-turbocharged engine with horsepower of 1600 and 1600 Nm of torque. It has a top speed of 440 km/h and can accelerate 0-100 km/h in 2.4 seconds. It has an all-wheel drive with a 7-speed automatic transmission. The body type of Chiron is Coupe. Chiron is known for its carbon fibre body structure, independent suspension, and Haldex All Wheel Drive system.
Bugatti Divo:
The Bugatti Divo is a 2024 hyper sports car with a quad-turbocharged W16 engine, a top speed of 380 kmph, and can accelerate 0-100 km/h in 2.4 seconds. The seating capacity of the Chiron is 2, and the body type is coupe.
Bugatti Centodieci:
The Bugatti Centodieci is a limited-edition hypercar that pays honour to the Bugatti EB 110 and celebrates the brand's 110th anniversary. The Centodieci is a two-seater coupe with a 16-cylinder, 7993-cc turbocharged petrol engine that produces up to 1578.11 horsepower and 1600 Nm of torque. It takes 2.4 seconds for the Centodieci to accelerate from 0 to 60 mph, 6.1 seconds for 0 to 124 mph, and 13.1 seconds for 0 to 186 mph. It has an electronically regulated top speed of 240 mph.
Bugatti La Voiture Noire:
The Bugatti La Voiture Noire is a high-performance, luxury car that combines speed, technology, luxury, and beauty. It has an 8.0 L quad-turbo W16 engine with over 1,500 horsepower and 1600 Nm of torque. It can accelerate from 0 to 62 mph in 2.4 seconds. It has the features of six exhaust tips, custom fascia, an illuminated rear badge, and radical wheels. It is a tribute to the legendary all-black Bugatti Type 57 Atlantic that has been missing since World War II.
The US Stock Market is heading into its most volatile month during an election year.
US stock market, According to CFRA Research, since 1992, nine of the S&P 500's 11 sectors have seen growth in the fourth quarter of an election year.
While Wall Street is preparing for the most anticipated month of the year with the presidential elections, investors are questioning whether the big boom expected from the third quarter will be there in the market. The market has grown at a record pace. According to the Chief Investment Officer of CFRA Research, historically speaking, since 1945, the share market has shown a strong performance during the election years in September. The result of this increase was almost 80% in the next October, as against the general trend of only 61% in all the years.
Additionally, according to Stovall, the benchmark index has risen in the fourth quarter 80% of the time, while the S&P 500 has risen in the third quarter less than 60% of the time since 1945.
“Factors that may continue to propel this market (in the fourth quarter) include China’s recent stimulus program, the ongoing easing in U.S. inflation readings as the personal consumption expenditures (index) for August recorded another downtick in growth, and the likelihood of two more Federal Reserve interest rate cuts totaling 50 to 75 basis points,” Stovall wrote.
Election-Year Stock Market Performance Patterns in the Fourth Quarter
Investors concerned about the performance of the stock market in the last quarter of 2024 have also received a positive signal from the broadening rally in U.S. stocks, according to Stovall.
Since the S&P 500's gain in the third quarter has been "accompanied by gains in stocks of all sizes, styles, and 10 of 11 sectors," Stovall wrote, "participation remains favourable."
FactSet data indicates that out of the 11 sectors in the large-cap benchmark index, the S&P 500's utilities, real estate, and industrials sectors performed the best this quarter, with the energy sector being the only one to see quarterly losses.
The Volkswagen Groups owns these luxury brands
Among the biggest businesses in the world is without a doubt the Volkswagen Group. and in every segment worldwide, not just the automotive one. The Volkswagen Group actually commands 12 brands, over 50 subsidiaries, and is among the top 10 corporations in the world by revenue. Porsche owns the majority of the VW Group.
Bugatti
Established in 1909, Bugatti produced numerous competitive race vehicles for many years until ceasing operations in the 1950s. With the release of the EB110 in 1991, the Bugatti brand was brought back to life as a manufacturer of extremely fast, limited-edition sports cars. The brand is still owned by the Volkswagen Group, who purchased it in 1998.
Lamborghini
Based in Sant'Agata Bolognese, Automobili Lamborghini S.p.A. is an Italian brand and producer of high-end sports vehicles and SUVs. Through its subsidiary Audi, the Volkswagen Group owns the business. Currently, Lamborghini makes the V10-powered Huracán, the V12-powered Aventador, and the twin-turbo V8-powered Urus SUV. Furthermore, the company manufactures V12 engines used in offshore powerboat competition. With its headquarters located in Pieve di Cento, Italy, Lamborghini Trattori was established in 1948 by Ferruccio Lamborghini and is still in the tractor business today.
Bentley
This British luxury car manufacturer and marketer has been a division of Volkswagen AG since 1998. Crewe, England serves as the home office of Bentley Motors Limited. In the end, Bentley was purchased by Rolls-Royce in 1931. Nevertheless, Rolls-Royce Motors was eventually acquired by the engineering company Vickers. Vickers ultimately made the decision to sell Rolls-Royce to Volkswagen AG in 1998.
Porsche
Established by Ferdinand Porsche in 1931, Porsche is a German automobile manufacturing firm that did not begin car production until 1939, when it produced its first vehicle. In actuality, Porsche was producing military tanks throughout World War II. It is also true that its designs resemble those of the well-known Volkswagen Beetle. This is because the two businesses were well-established when they decided to merge in 2009, with VW owning the majority of the shares as of 2015.
Will the stock market crash more than the 2008 crisis in 2025?
A market meltdown predicted to exceed the 2008 crisis is predicted by economists for 2025
A market meltdown predicted to exceed the 2008 crisis is predicted by economists for 2025. The renowned economist and HS Dent Investment Management founder, Harry Dent, has issued a warning about an impending catastrophic collapse of the world stock market.
The 71-year-old financial expert, who is well-known for his audacious economic forecasts, hinted that a financial catastrophe of never-before-seen proportions might be approaching in an interview with Fox News.
Dent's dire prediction was made just after the world stock market finished May with strong gains, giving many investors hope that things are back to normal.
The financial expert emphasized that the so-called "everything" bubble is still intact and that a blow-up might trigger the "crash of a lifetime" when it does.
During the conversation, Dent emphasized the distinctiveness of the current economic environment by drawing comparisons to the historical market crash of 2008. He noted that the current state of affairs in the financial sector is unique since it is driven by artificial stimuli, in contrast to earlier natural booms in the 1920s.
Thinking back on how long the current bubble has lasted—more than 14 years, which is much longer than most economic bubbles last—Dent emphasized how serious the crash could be.
He projected that sometime in 2025, the effects of this crisis may outweigh those of the Great Recession of 2008–2009, with possible drops of up to 86% in the S&P and 92% in the Nasdaq.
Dent suggests that even market heavyweights like Nvidia would not escape the fall, implying that even high-flying equities could be severely damaged. Dent acknowledged the quality of firms such as Nvidia but cautioned that there could be severe reductions, potentially as much as 98%.
Hindenburg Research takes aim at AI companies, sinks two company’s shares
Hindenburg Research aims at AI Bubble
Hindenburg Research, an activist short-selling firm known for its market-making takedowns of top companies such as Block and the Adani Group, published two reports last week on companies it sees as unfairly profiting from the AI boom. Share prices of server and storage maker Super Micro and software company iLearningEngines both fell sharply.
The report comes amid growing hype from companies ranging from hyperscaler giants like Microsoft and Google to hardware firms and even utilities that could benefit from the demand. Last week, GPU maker Nvidia announced better-than-expected performance, but its stock price still fell, reflecting growing wariness about the industry, especially among institutional investors.
Hindenburg's two reports are an even stronger indication of bubble fears. The short-selling firm targets companies or sectors that they believe are overvalued. Hindenburg often takes a short position on a company that thinks it will collapse before it publishes its findings, hoping to reap a handsome return from a falling stock price.
Accounting fraud
Hindenburg's first report on Tuesday focused on Super Micro, a maker of hardware such as servers and motherboards that is important to AI companies. Super Micro's market cap was about $35 billion before Hindenburg's research. The day after the report, it fell 26 percent and remains at about $26 billion.
Hindenburg's report on iLearningEngines on Thursday proved even more damning. Like Super Micro, Hindenburg described iLearningEngines as a company looking to capitalize on the AI wave, although short sellers doubted the company had ever focused on the emerging field before the hoax.
iLearningEngines went public via SPAC in April 2024, although its stock price was around $3 before the report, which dropped below $1.50 after Hindenburg's investigation with a market cap of around $175 million.
Concord is unexpectedly taken offline
Sony promises complete refunds
Concord will be unexpectedly taken offline on September 6, 2024, and players will be getting their complete refunds announced by Sony.
"While many qualities of the experience resonated with players, we also recognize that other aspects of the game and our initial launch didn’t land the way we’d intended." director Ryan Ellis said in a statement posted on the PlayStation Blog.
Anyone who bought the game through PlayStation Direct or the PlayStation Store will receive a refund using their original payment methods, and the title will be taken off the market right away. In the upcoming days, refunds will be given to customers who bought on Steam and the Epic Games Store.
While getting a physical refund is a little more difficult, players can still check with specific stores. Sony will likely work with them to set up a mechanism that enables full processing of all reimbursements. Sony stated clearly that "players will no longer have access to the game once refunded."
Less than two weeks after launch, Concord was withdrawn
Concord was released on August 23, 2024, which means that it was taken offline for all users two weeks after it was first made available for purchase and only 11 days after its introduction. After September 6, even those who purchased Concord will not be allowed to play.
In the multiplayer game "Concord," which has been likened to the well-known shooter "Overwatch," players form a team of five Freegunner space outlaws from the spacecraft Northstar for online matches against other teams. It became exceedingly difficult to find matchups during gameplay because there were so few individuals playing "Concord."
Zomato's Big Move: Acquiring Paytm's Entertainment and Ticketing Business for Rs. 2,048 Crore
Zomato to Acquire Paytm's Entertainment and Ticketing Business for Rs. 2,048 Crore
Zomato is making headlines with its latest acquisition, buying Paytm's entertainment and ticketing business for a hefty Rs. 2,048 crore. This deal, finalized on August 21st, is part of Zomato's broader strategy to grow beyond food delivery and dive deeper into lifestyle services.
What Does This Mean for Paytm Users?
For the next year, you’ll still find Paytm’s entertainment and ticketing options on their app. But after 12 months, users will need to switch over to Zomato’s new app, ‘District,’ to continue enjoying these services. This transition gives users plenty of time to get used to the change while allowing Zomato to gather all its services in one place.
Meet ‘District’: Zomato’s New App for Everything Lifestyle
Zomato isn’t just buying a business—it’s also launching something new. Earlier this month, Zomato announced ‘District,’ a new app designed to offer everything from dining out to buying movie and sports tickets, attending live performances, shopping, and more. The ‘District’ app will be ready for public use in just a few weeks, making it a go-to platform for all kinds of lifestyle services.
Zomato’s Bold Step into the Lifestyle Space
Zomato has been a giant in food delivery, but now it’s expanding into new territory. The ‘District’ app will combine dining, entertainment, shopping, and other lifestyle services into one convenient platform. This move helps Zomato branch out, offering more than just food and tapping into a broader market of everyday services.
CEO Deepinder Goyal’s Take on the Acquisition
Zomato’s CEO, Deepinder Goyal, sees this acquisition as a natural fit. "This isn’t entirely new for us. We’ve been in the ticketing business for over a year and have been planning to grow this part of our company. Just to recap, our going-out business, which includes dining-out and event ticketing, made Rs 3,225 crore in GOV (gross order value) in FY24, growing at 136 percent YoY," Goyal said.
This acquisition isn’t just about expanding—it’s about building on what Zomato is already doing well. By taking over Paytm’s ticketing business, Zomato is set to offer even more value to its users.
How This Affects the Market
This acquisition is likely to shake up the market. Zomato is moving into a competitive space with other players already established in lifestyle and entertainment. But with its strong brand and large user base, Zomato has a good chance of leading the pack. The ‘District’ app is set to make Zomato a major player in lifestyle services, offering users a seamless experience across dining, entertainment, and more.
Starbucks new CEO will travel 1000 miles from California to Seattle
Starbucks' New CEO Embraces a Flexible Approach: A Closer Look at Brian Niccol's Leadership Strategy
Starbucks, one of the world's most iconic coffee brands, is about to enter a new chapter with the appointment of its new CEO, Brian Niccol. As Niccol prepares to take the helm, his approach to leadership and company operations is generating buzz across the business world. In particular, Niccol’s decision to manage the company from a distance rather than relocating to Starbucks’ Seattle headquarters, is a significant departure from traditional corporate norms.
A 1,000-Mile Commute Instead of Relocation
Unlike many CEOs who relocate to their company’s headquarters, Brian Niccol has chosen a different path. Instead of moving to Seattle, he will continue living in Newport Beach, California, and will travel 1,000 miles to the Seattle office as needed. This decision highlights Niccol's preference for a more flexible work arrangement, reflecting a growing trend in corporate America where remote and hybrid work models are becoming increasingly accepted.
Corporate Jet for Seamless Travel
To facilitate his long-distance commute, Starbucks has made arrangements for Niccol to travel between Newport Beach and Seattle via a corporate jet. This arrangement ensures that Niccol can maintain close contact with the company’s operations while also enjoying the comfort of living in California. According to Starbucks, Niccol’s house in Newport Beach will also be equipped with a remote office setup, allowing him to work efficiently from home when not in Seattle.
Compensation and Incentives
Brian Niccol’s compensation package is as impressive as his unique work arrangement. His base salary will be $1.6 million annually, with the opportunity to earn a performance-based bonus ranging between $3.6 million and $7.2 million. Additionally, Niccol will be eligible for $23 million in annual equity awards, aligning his financial success with the his performance.