Financial Times

Ferrari presented its first electric car, the Luce, on Tuesday in Italy. The five-seat, four-door model features four motors, a 122 kWh battery, 329-mile range, and acceleration from 0-100 km/h in 2.5 seconds. Shares in the company declined between 6 and 7.8 percent on the day of the announcement.

A chipmaker ETF attained $10 billion in assets under management in the shortest recorded period according to Financial Times reporting. Separate Wall Street Journal claims of an Idaho chipmaker reaching $1 trillion market capitalization with a 48-day doubling have been challenged as inconsistent with available company information. Analyses from multiple ideological perspectives interpret the developments through differing lenses of market dynamics and risk.

Global oil markets showed volatility on Tuesday with WTI crude falling after fresh U.S. attacks on Iran that Central Command described as defensive strikes. Two China-bound supertankers crossed the Strait of Hormuz. Reports conflict on the direction and magnitude of benchmark crude price moves.