Chinese smartphone company Xiaomi is developing its own chip called Xring O1.Cfoto | Future Publishing | Getty ImagesBEIJING — Chinese smartphone company Xiaomi is taking on Apple’s iPhone with an advanced chip and a cheaper phone.Xiaomi is winning the battle on the pricing of its latest phone. The new Xiaomi 15S Pro starts at 5,499 yuan ($764) — making it eligible for a state-subsidized discount — and is significantly cheaper than Apple models containing the company’s most advanced phone chip. The iPhone 16 Pro starts at 7,999 yuan, while the iPhone Pro Max model begins at 9,999 yuan — above…
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People board Ryanair plane at Rome Ciampino Airport in Ciampino, Italy on April 27, 2025.Nurphoto | Nurphoto | Getty ImagesAirlines are facing an uphill battle during peak travel season as delivery delays at Boeing and Airbus fuel a commercial jet shortage.The ongoing capacity issue remains a cause of concern for the industry even as many appear upbeat on the demand outlook.”Demand looks good for the summer,” EasyJet CEO Kenton Jarvis told CNBC’s “Squawk Box Europe” on Thursday.”As you said, our book position for both our third quarter, which ends in June, and our fourth quarter, which ends in September, are…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBrian Kelly, The Points Guy founder, joins ‘Squawk Box’ to discuss the upcoming summer travel season, state of the consumer, the practice of skiplagging, travel chaos at Newark airport, and more. Source link
Behind highly secured doors in a giant lab in the Netherlands, there’s a machine that’s transforming how microchips are made. ASML spent nearly a decade developing High NA, which stands for high numerical aperture. With a price tag of more than $400 million, it’s the world’s most advanced and expensive chipmaking machine. CNBC went to the Netherlands for a tour of the lab in April. Before that, High NA had never been filmed, even by ASML’s own team.Inside the lab, High NA qualification team lead Assia Haddou gave CNBC an exclusive, up-close look at the High NA machines, which she said…
Growth in Planet Fitness is nowhere near done, according to Stifel. Analyst Chris O’Cull upgraded shares of the gym chain to buy from hold and raised his price target to $120 from $82. That new objective suggest shares of Planet Fitness could jump roughly 15% from their latest close. The stock has rallied 10% this month after the company reaffirmed its full-year earnings per share, revenue and system-wide same club sales growth. “Recent results suggest gross joins have stabilized, and we believe there are several potential catalysts to keep comparable sales in the mid-to-high single-digit range over the next couple…
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump’s “big, beautiful” tax bill out of the chamber on a narrow vote.Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky. Rep. Andy Harris, R-Md., who chairs the conservative House Freedom Caucus, voted present. The final vote tally was 215-214.The passage was a major victory for Republican leaders, who spent the past two months crafting the bill and the past two days making last-minute changes to it. The more than 1,000 pages of…
The Tether (USDT) stablecoin logo.Costfoto | Nurphoto | Getty ImagesHong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset.Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold.The new law — focused on fiat-referenced stablecoins — will require stablecoin issuers to obtain a license from the Hong Kong Monetary Authority and comply with a range of requirements, including proper management of asset reserves and segregation of client assets.It will “enhance Hong Kong’s existing regulatory framework on…
Bank of America is moving to the sidelines on Target after the company’s earnings reflected an uncertain outlook. Analyst Robert Ohmes downgraded the big-box retailer to neutral from buy and lowered his price target on the stock by $40 to $105. The new target suggests roughly 12.9% potential upside for the stock, which is down 31% this year. Target shares slid 5% on Wednesday after the company cut its full-year sales outlook and posted weaker-than-expected first-quarter results. The retailer cited consumer uncertainty exacerbated by tariffs and backlash to the rollback of key diversity, equity and inclusion efforts for the weak…
For years, Russia used Brazil as a launchpad for its most elite intelligence officers, known as illegals. They started businesses, made friends and had love affairs — events that, over many years, became the building blocks of entirely new identities. Jane Bradley and Michael Schwirtz, investigative reporters for The New York Times, discuss one case. Source link
The Marriner S. Eccles Federal Reserve building in Washington, D.C.Stefani Reynolds | Bloomberg Creative Photos | Getty ImagesA sell-off in global bonds is accelerating as Moody’s downgrade of U.S. credit rating and President Donald Trump’s tax bill has brought to fore investors’ fiscal concerns globally.Events such as credit rating downgrades or budgets that risk expanding deficits tend to bring fiscal concerns front and center of investors’ minds, forcing them to reprice long-end risk, said Rong Ren Goh, Portfolio Manager, Fixed Income, Eastspring Investments.While Trump was unable to sway GOP dissenters to support his broad tax bill that could drive U.S.…
