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…
Author: usaeverydaylife
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.…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty ImagesReplacing Nvidia is a tall order. While Chinese competitors are years behind the company’s cutting-edge technology, many analysts and insiders warn they are catching up, thanks to U.S. export restrictions.U.S. chip restrictions on the sale of advanced semiconductor technology, especially those used in artificial intelligence, have been rolled out over several years, with the initial aim of curbing China’s military advancement and protecting US dominance in the AI industry.However, according to Nvidia CEO Jensen Huang,…
Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit.Banco BPM had rejected the $10.5 billion purchase offer in November, while Italian regulators in April issued a spate of conditions for UniCredit to march ahead with its proposal. UniCredit has since requested time to “clarify the content of the measures, which remains unclear,” according to a CNBC translation of the Consob notice.In CNBC-translated comments, Banco BPM said the…
Traders work on the floor of the New York Stock Exchange in New York, May 19, 2025.Spencer Platt | Getty Images News | Getty ImagesThe U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds.Whether the recoil in financial markets continues is largely in the hands of policymakers who seem intent on adding to the U.S. fiscal problems in the name of stimulating growth through President Donald Trump’s “big, beautiful” spending bill.For now, Wall Street experts are not optimistic about what happens…
