Critical chip firm ASML posts quarterly bookings surge on heated AI demand
Economy

Critical chip firm ASML posts quarterly bookings surge on heated AI demand

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Peter Boer | Bloomberg | Getty Images Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns […]

Judge pauses Trump funding freeze order until Feb. 3
Economy

Judge pauses Trump funding freeze order until Feb. 3

U.S. President Donald Trump speaks on the day he signs documents as he issues executive orders and pardons for Jan. 6 defendants in the Oval Office at the White House on Inauguration Day on Jan. 20, 2025. Carlos Barria | Reuters A federal judge paused until next week a Trump administration order that would have […]

We’re increasing our price target on Starbucks after CEO Brian Niccol shows signs of progress
Economy

We’re increasing our price target on Starbucks after CEO Brian Niccol shows signs of progress

Charlotte, North Carolina, Starbucks Coffee, barista handing drink and straw to customer. Jeff Greenberg | Universal Images Group | Getty Images Starbucks reported better than expected quarterly results Tuesday evening — initially sending shares higher in choppy after-hours trading. Even though the company’s same-store sales declined for the fourth straight quarter, early signs of progress […]

“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps
Economy

“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps

Businesswoman managing finance and investment online, reading financial trading data and making financial plan with smartphone. Online banking. Banking, investment and financial trading concept D3sign | Moment | Getty Images The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a […]

SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
Economy

SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push

TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation. […]