Auto Industry

Cars

Twelve Legendary Vintage Cars on Auction at Villa d’Este

This weekend on the shores of Italy’s Lake Como, an array of 37 of the world’s finest cars will be auctioned off by RM Sotheby's. The auction, related to the annual Concorso di Eleganza Villa d’Este, will include 17 Ferraris, two vintage Rivas, and a motorcycle. At the Concorso, historic cars will vie for the “Best of Show” prize, among others, awarded to an automobile expressing beauty, passion, and uniqueness. See highlights here.

Cars

See the Incredible Zagato Mostro, Making Its Debut in Lake Como

This weekend at the Concorso d’Eleganza Villa d’Este near Lake Como, the famous coachbuilder Zagato will show off its latest creation. The car is called the “Mostro powered by Maserati,” and it celebrates both the 100-year anniversary of Maserati and a famous racing car called the 450 S Coupe Zagato Monster. Zagato will make only five of them. See it and its predecessors here.

Wall Street

Energy

U.S. Economy Set Up for Sept. or Oct. Rate Hike: Kleintop

Charles Schwab's Jeff Kleintop comments on Fed Chair Janet Yellen's remarks and discusses the outlook for U.S. corporate earnings and his investment strategy. He speaks with Bloomberg's Betty Liu on "Bloomberg Markets." (Source: Bloomberg)

Looking Ahead to Next Week's Economic Reports

Bloomberg Intelligence's Josh Wright and Bloomberg's Scarlet Fu, Lisa Abramowicz, Mike Regan and Betty Liu recap today's top market moving stories and preview next week's economic reports. They speak on "Bloomberg Markets." (Source: Bloomberg)

Oil Drops

It's bad for the exporters, great news for you

Stats

700

In December, drilling contractor Ensign Energy Services Inc. told California regulators that it planned to dismiss as many as 700 workers.