CNN BUSINESS | Mercedes just sold the world’s most expensive car for $142 million

(CNN) – Mercedes-Benz confirmed on Thursday that it recently sold the world’s most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker’s collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have been sold, according to Hagerty, a company that tracks collector car values.

Money from the sale will be used to establish the Mercedes-Benz Fund, a global scholarship fund, Mercedes said in an announcement.

The previous record sale price for a car was reportedly $70 million paid in 2018 for a 1963 Ferrari 250 GTO.  –read more–  

CNN BUSINESS | Brace yourselves for an economic ‘hurricane,’ Jamie Dimon says

New York (CNN Business) – Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way.”  –read more– 

CNN travel | Where to go this summer: 11 top destinations

(CNN) — It’s looking like this summer will be a travel season to remember, especially following the Covid-stricken summers of 2020 and 2021.

“Not only are we seeing exponential travel enthusiasm, we are also anticipating some amazing new summer experiences, events and offerings,” said Carole-Anne Hughs Wood, director of marketing for Embark Beyond, a New York-based luxury travel agency.

New York, Disney World and the United Kingdom, which is celebrating Queen Elizabeth II’s Platinum Jubilee, all have great things going on.

“The excitement this summer to get out and experience the world, both near and far from home, certainly feels unprecedented,” she added.  –read more–  

F1 | Perez wins a captivating wet-dry Monaco Grand Prix as Leclerc falls from pole to P4

Red Bull’s Sergio Perez won his first race of 2022 by 1.1 seconds after a nailbiting end to the Monaco Grand Prix, with Carlos Sainz and Max Verstappen unable to make it past the Mexican – and Charles Leclerc losing out after dropping from pole to P4.

Rain saw the start delayed and, at 1518 local time, drivers completed one lap, heading back to the pits as a red flag was called. Gazebos unfurled and teams waited until 1605 for a rolling race start behind the Safety Car on wet tyres. The Safety Car pulled in for Lap 3 of 77 and Leclerc led away with Sainz, Perez and Verstappen in tow.  –read more– 

watch: Race Highlights | 2022 Monaco Grand Prix

F1 | Leclerc takes majestic pole on home turf in Monaco as bizarre Sainz-Perez crash brings early end to qualifying

Charles Leclerc put in a dominant display at home to take pole position for the 2022 Monaco Grand Prix, his sensational lap keeping team mate Carlos Sainz at bay by 0.225s on Saturday – a red flag stopping proceedings early…

This all-important qualifying session, given how essential a front-row start is at Monaco, saw Leclerc top Q1, Q2 and Q3 on the way to take Ferrari’s 12th pole position in the Principality with a sensational time of 1m 11.376s.  –read more–  

watch: Qualifying Highlights | 2022 Monaco Grand Prix

F1 | What tyres will the teams and drivers have for the 2022 Monaco Grand Prix?

Pirelli have brought the softest compounds in their range to the 2022 Monaco Grand Prix.

Like Barcelona, Monaco is well known to the teams and Pirelli believe that because of the slippery asphalt, and slow-speed sections of the circuit, there will be minimal tyre wear and degradation.  –read more–  

CNN style | Met Gala 2022: Best fashion from the red carpet

The Met Gala is fashion’s big night out — and celebrities are known for saving their most striking outfits for its often-theatrical red carpet.

Stars across industries including TV, film, politics and sport did not disappoint, bringing exaggerated silhouettes, elegant accessories and moments of drama to the Metropolitan Museum of Art on Monday evening.  –read more–  

CNN entertainment | The celebrity love affair with NFTs may be just beginning — even amid flops and doubts

(CNN) – It seems that every few days, a new star announces their foray into the world of non-fungible tokens, cryptocurrency or some other inscrutable corner of the metaverse — the general term for a nascent virtual space where people can play, meet, and of course, buy things.This has been a habit for a while now, and every starry-eyed announcement usually promises some form of connection or exclusive opportunity. But for the majority of the population who don’t own cryptocurrency or NFTs (and may not care to), big names and the pricey tech concepts they promote make for strange bedfellows indeed.  —read more-– 

F1 | Verstappen leads Red Bull 1-2 after Leclerc retires from rollercoaster Spanish Grand Prix

Max Verstappen won an action-packed 2022 Spanish Grand Prix as pole-sitter Charles Leclerc retired from a comfortable lead. Sergio Perez took second place to secure Red Bull’s second one-two of the season, as George Russell finished third for Mercedes, having been involved in an epic bout with eventual winner Verstappen.

Soaring temperatures weren’t the only problem on Sunday; huge gusts into Turn 4 caused both Carlos Sainz and Verstappen to go off track and drop down the order early on. That left Leclerc with a comfortable lead and a free pit stop by Lap 22, and it seemed a straightforward victory for Ferrari – until Leclerc’s engine gave way on Lap 27. -–read more—

watch: Race Highlights | 2022 Spanish Grand Prix

CNN BUSINESS | $5.5 billion electric vehicle and battery plant in Georgia expected to create more than 8,000 jobs

New York (CNN) – Georgia will be home to Hyundai’s first dedicated EV plant and battery manufacturing facility in the United States, the company announced Friday.

Hyundai is investing almost $5.5 billion into the EV plant in Bryan County, Georgia, creating 8,100 new jobs.The plant expects to reach a capacity of 300,000 units a year when it begins commercial production in the first half of 2025. The facility plans to break ground early next year. –read more–