The phrase "Where Ferrari is 'RACE,' in brief" as seen in The New York Times crossword puzzle refers to the New York Stock Exchange (NYSE). The answer to this crossword clue is "NYSE," which is a four-letter abbreviation for the stock exchange located on Wall Street where Ferrari is listed for trading purposes in brief form ("RACE" being Ferrari's stock symbol).
This clue plays on the concept that Ferrari's race (RACE) in brief could mean its abbreviated trading presence on the NYSE.
