Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart will stop selling e-cigarettes amid "regulatory complexity" and "uncertainty" around the products, the retailer said in a memo Friday.Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
It's the fastest production car Ferrari ever built. And the most powerful. And, priced at $1.4 million, it's the most expensive.
But even if you have the money, you probably can't get the LaFerrari. It's sold out.
"This car is going to be the benchmark of the auto industry," said Marco Mattiacci, the president and CEO of Ferrari North America. "The combination of incredible design, Italian heritage, make this car the hottest car in the world right now."
Unveiling the car for the first time on U.S. national television, Mattiacci said, the plan was to build just 499 LaFerraris and sell only 120 in the U.S., but all are already sold.
(Read more: Ferrari cuts production: Slump or strength?)
LaFerrari is Ferrari's first supercar in more than a decade, after the Enzo launched in 2002. LaFerrari is a technological wonder, with a semihybrid engine that combines a 12-cylinder, 6-liter combustion engine with an electric engine that creates a combined 960-plus horsepower.
The car can do zero to 60 mph in less than 3 seconds and has a top speed of 220 mph. It set a record for the fastest time ever for a production Ferrari at the company's Fiorano test track.
LaFerrari is also part of a new strategy for Ferrari to make its brand and its cars more exclusive. While Ferraris have always been one of the signature toys of the very rich, the rise of even pricier, more limited-edition supercars—like Bugatti and Pagani—have driven Ferrari to limit production to give its brand even more cache.
(Read more: Amazing supercar experiences)
The company announced this year that it will build only 7,000 cars—down from just over 7,300 last year. In the nine months ended in November, Ferrari's revenue is up more than 6 percent to $2.3 billion and profit is up 20 percent to $350 million.
Mattiacci said wealthy consumers right now are increasingly seeing Ferraris as investments—especially as prices for vintage collectible Ferraris soar. A 1967 Ferrari N.A.R.T. Spider sold this summer for $27.5 million, making it the most expensive Ferrari ever sold at auction.
(Read more: Ralph Lauren's new $700,000 supercar)
Ten years ago, the Enzo had a sticker price of $650,000, and Enzos are now selling for about $2 million, said Mattiacci. LaFerrari, he said, will likely follow the same value curve.
"The trajectory of [the LaFerrari] car is going to follow exactly the vintage Ferrari cars. This is a unique piece, the first hybrid Ferrari," he said.
—By CNBC's Robert Frank. Follow him on Twitter: @robtfrank.