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Has Gap Done The Impossible?
CNBC· 2025-06-14 15:00
For decades, the Gap defined American fashion. But Gap fell out of vogue not too long after its white denim graced the cover of the namesake magazine. Since 2001, the brand has shuttered nearly 2500 stores, and the stock of its parent company, Gap Inc., significantly underperformed the S&P 500 and competitors like Abercrombie and American Eagle.But the company is trying to turn things around. It's back in the cultural conversation with splashy marketing campaigns and hiring high end fashion designer Zac Pos ...
How Companies From Apple To Pfizer Use Ireland To Dodge Taxes
CNBC· 2025-06-13 16:00
Over the past three decades. US corporations set up shop in Ireland. In 1996, about 3% of US businesses with global operations had Irish affiliates.By 2022, 25% of them opened Irish businesses. You really cannot talk about US multinationals in the last few decades without talking about Ireland. Big US corporations, that's technology companies like Apple, Microsoft or big pharmaceutical companies like Pfizer.Their tax strategies for, for many decades at least, were built around the role of Ireland. Something ...
How AI Energy Demands Are Fueling A Resurgence Of Uranium Mining In The U.S.
CNBC· 2025-06-12 16:01
This is the ore being shipped in from the Pinyon Plain mine. This ore is some of the highest-grade uranium ore that's ever come out of the United States mine. You need uranium.Well, the largest uranium mine comes out of Saskatchewan, comes over to Ontario, and then gets enriched down in the US. Uranium prices soaring more than 75% over the past year. While uranium prices have gone down since a high in early 2024, many experts remain confident that demand for uranium, which is mainly used as a fuel for nucle ...
ASML's new $400 million chip machine
CNBC· 2025-06-11 16:00
We're here at ASML's headquarters in the Netherlands where 100% of the world's extreme ultraviolet lithography machines are made and now the next generation machines called hyena. We were the first journalists to bring cameras inside a clean room to see where hyena is made and to see the machine itself. We had to wear these bunny suits to protect these extremely precise machines from getting contaminated by our own hair and skin cells.Each one of these insanely complex high NA machines costs about $400 mill ...
The Multi-Billion Dollar Theme Park Race Between Disney And Universal
CNBC· 2025-06-08 06:01
We're going to invest roughly $30 billion in the United States to expand Orlando and California. This park is the most technologically advanced thing we've ever done, and we've done some pretty advanced things in our time. Walt Disney World and Universal Orlando Resort, two of the biggest names in theme parks, are about to get even bigger.We've got a lion's share of that investment coming to us. At Walt Disney World. Plans are already in the works, with expansions and facelifts being rolled out across sever ...
Beyond The Switch 2: Nintendo’s Plan To Become More Like Disney
CNBC· 2025-06-07 06:00
Nintendo Switch 2 Overview - Nintendo released the Switch 2, succeeding the original Switch, which nearly matched the Nintendo DS in sales [1] - The Switch's success stemmed from merging console and handheld audiences [2] - The Switch reversed Nintendo's fortunes after the Wii U disappointment [2][11] - The Switch 2 takes an iterative approach, capitalizing on the original's success [5] Market Position and Brand - Nintendo's IP, including Mario and Zelda, has the potential to surpass Disney [3] - Nintendo aims to increase consumer touchpoints through movies and theme parks [4][5] - Nintendo is expanding beyond gaming, similar to Disney, with movies and theme parks [24][25] - The Super Mario Bros movie grossed $13 billion globally [27] Pricing and Sales Expectations - The Switch 2 is priced at $450, $150 more than the original Switch [17] - Nintendo expects to sell 15 million Switch 2 units in its first year [31] - Fanboy demand in the US is estimated at $3-4 billion, with projected sales of 18 million units per year [32] Production and Trade - The US market is the most profitable for Nintendo due to the dollar-yen exchange rate, yielding 50% more profit [33] - Tariffs pose a trade uncertainty, but Nintendo may have pre-produced and shipped devices to avoid them [34][35] Online Services - Nintendo aims to expand Nintendo Switch Online penetration, currently lower than PlayStation Plus's 40%+ [22] - Switch Online may be required to play Mario Kart World, potentially generating $60 per year from 50% of Switch owners [23]
How Xiaomi made one of China's buzziest EVs
CNBC· 2025-06-06 07:00
Just four years after it was founded, China's Xiaomi became the third largest phone maker in the world. Critics called it an Apple copycat. So, Le Jun is known as the Steve Jobs of China, and he earned that nickname because in the early days, he would do pretty much everything that Steve Jobs would do, including the way he dresses.He knew though that he couldn't match Apple's brands and products at that time. So, he went for the mass market. But now Xiaomi is making EVs, something Apple abandoned after inve ...
Why Apple’s Siri Is Still So Bad In The Age Of AI
CNBC· 2025-06-05 07:01
Back in 2011 when Apple introduced Siri, it was billed as a breakthrough feature for the iPhone. I'm really excited to show you Siri. What is the weather like today. Here's the forecast for today.It is that easy. It wasn't perfect, but it was first. Siri was a really big deal when it first launched back in 2011, because it was a whole new way to interact with your iPhone.This was actually a pet project of Steve Jobs. He saw Siri demoed as a separate app before Apple acquired the company, and was just kind o ...
The rise of Nashville
CNBC· 2025-06-04 07:00
Signs of Nashville's explosive growth are visible from the city skyline. There are cranes everywhere. It's booming.Nashville is known for its country music scene and boasts the largest concentration of music industry jobs per capita in the US. But the secret to the city's success goes beyond music. 150,000 new jobs, $30 billion growth in our GDP, and we're tracking on that.More than 2 million people and 60,000 businesses call the Nashville area home. The city boasts the fifth hottest real estate market in t ...
What Happened To Applebee's?
CNBC· 2025-06-03 07:01
Applebee's house sirloin, please. The number one reason you belong at Applebee's. It was America's favorite grill and bar, the biggest full service restaurant chain in the US.At its peak, nearly 1900 restaurants and about $5 billion in sales. That was Applebee's for much of the 2000. Wall Street once loved its parent company, Dine Brands.Applebee's and IHOP both the number one brands in their respective categories. Plus, remember, the results were real good. But since its peak around a decade ago, the brand ...