Netflix gave a forecast for the second quarter that fell short of analysts’ expectations, sending the shares tumbling in extended trading. The results are the first since Netflix walked away from a contentious battle for control of Warner Bros. in February. The streaming pioneer also announced that Chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue phila...
Netflix gave a forecast for the second quarter that fell short of analysts’ expectations, sending the shares tumbling in extended trading. The results are the first since Netflix walked away from a contentious battle for control of Warner Bros. in February. The streaming pioneer also announced that Chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests. Bloomberg's Neil Campling reports. (Source: Bloomberg)
branex Wheat ( W_1:COM ) was poised for its biggest weekly gain in nearly two months on Friday, supported by persistent weather risks and tightening fertilizer supplies linked to the Iran war, which continued to cloud the crop supply outlook. The most active wheat contracts on the Chicago Board of Trade were on track to climb nearly 5% on the week, their biggest such jump since February, according...
branex Wheat ( W_1:COM ) was poised for its biggest weekly gain in nearly two months on Friday, supported by persistent weather risks and tightening fertilizer supplies linked to the Iran war, which continued to cloud the crop supply outlook. The most active wheat contracts on the Chicago Board of Trade were on track to climb nearly 5% on the week, their biggest such jump since February, according to Bloomberg . The hard red winter variety extended gains to hit its highest level since June 2024, the report said. Elsewhere, Black Sea wheat prices have also edged higher as traders weighed geopolitical risk against softer demand and a strong Russian ruble squeezing exporter margins. Platts, part of S&P Global Energy, Milling Wheat Marker rose 2.25% to $238.50/metric ton on April 14, after touching $240/mt on March 24. Market participants linked the late-March spike to heightened volatility since the Middle East war began, with prices briefly revisiting the highs last seen in August 2025, when harvest delays and sluggish exports tightened nearby availability. Exporters are now watching currency moves, with the ruble recently falling back toward January lows near Rb75 to the dollar, a level some sellers say is too strong to support competitive dollar ( DXY ) offers. According to S&P Global, traders said farm-level economics have deteriorated as fertilizer and diesel costs climbed, leaving growers with thin or negative returns. For Ukraine, the additional strain from the war with Russia continues to show up in labor shortages and logistical bottlenecks, market participants said. Even so, shipments from Russia remain heavy. As of April 10, Russia's total wheat exports reached 36.6 million mt, about 3% above last year, and consistent with expectations for the July 2025-June 2026 season to reach 44 million mt, according to S&P Global CERA. ETFs: ( WEAT ), ( CORN ), ( SOYB ), ( DBA ), ( MOO ) More on Wheat Futures Commodities: Oil Surges Amid Hormuz Blockade Threat Commoditie...
Recent reports indicate that Anthropic is considering developing its own chips. See why this sets up a potential AI opportunity for chip giant Broadcom.
Recent reports indicate that Anthropic is considering developing its own chips. See why this sets up a potential AI opportunity for chip giant Broadcom.
A consortium including Bouygues Telecom , Iliad SA and Orange SA has entered exclusive negotiations to buy billionaire Patrick Drahi ’s telecom company SFR. The French trio has raised its offer for the country’s second-largest mobile carrier SFR — part of Altice France — to €20.35 billion ($24 billion), the companies said in a statement Friday. That’s up 20% from an initial €17 billion bid that Al...
A consortium including Bouygues Telecom , Iliad SA and Orange SA has entered exclusive negotiations to buy billionaire Patrick Drahi ’s telecom company SFR. The French trio has raised its offer for the country’s second-largest mobile carrier SFR — part of Altice France — to €20.35 billion ($24 billion), the companies said in a statement Friday. That’s up 20% from an initial €17 billion bid that Altice had rejected in October. Drahi had been seeking a valuation of more than €20 billion, Bloomberg previously reported . Altice France has granted an exclusivity to the consortium until May 15 to complete the transaction. The deal would mark a significant consolidation of the French telecom market, reducing the number of players from four to three, and will test regulators’ appetite for further concentration in the sector. European telecom operators have been pushing to combine , arguing they lack scale to invest in networks and remain competitive. For Drahi, the transaction would relieve Altice’s heavy debt burden, as the billionaire seeks to raise cash and reduce leverage across his telecommunications group. Under the agreement, Bouygues is set to acquire about 42% of the SFR assets, while Iliad would get 31% and Orange 27%, respectively. The deal is subject to antitrust and other regulatory approvals. Drahi formed Altice in 2001, turning the telecommunications company into a sprawling empire through debt-fueled acquisitions and boosting his own net worth to about $8 billion currently, according to data compiled by Bloomberg. Those acquisitions left Altice with a large debt pile and Drahi in recent years has been selling off assets and overhauling financing. Bidders were shortlisted recently for a controlling stake in XpFibre , a French fiber optic company that the telecom tycoon controls through Altice. Read More: Drahi Said to Shortlist Bidders for €8 Billion XpFibre Sale A successful takeover would be the biggest deal targeting a French company since cement producer ...
Uber Technologies Inc. is raising its holding in Delivery Hero SE , buying a stake from its European rival’s biggest shareholder for €270 million ($318 million). The ride-hailing company will purchase 4.5% from Prosus SE , the companies said Friday. The Financial Times was first to report the news. Prosus is selling the shares at €20 apiece, a premium of about 22% of the one-month volume-weighted ...
Uber Technologies Inc. is raising its holding in Delivery Hero SE , buying a stake from its European rival’s biggest shareholder for €270 million ($318 million). The ride-hailing company will purchase 4.5% from Prosus SE , the companies said Friday. The Financial Times was first to report the news. Prosus is selling the shares at €20 apiece, a premium of about 22% of the one-month volume-weighted average price of Delivery Hero shares as of Thursday. European antitrust authorities required that Prosus sell down part of its stake in Delivery Hero — which at the time amounted to about $3 billion — after the firm completed its $4.3 billion deal for Just Eat Takeaway.com to form one of the largest online food-delivery businesses globally. The transaction will reduce the Prosus shareholding to 21.8% from 26.3%.
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
Thomas Barwick/DigitalVision via Getty Images Investment overview I give Sanmina ( SANM ) a buy rating. This is no longer just a diversified EMS name with modest growth. SANM now has much better exposure to cloud infrastructure and a credible path to benefit from the next AI rack buildout through AMD. SANM’s broader manufacturing footprint and better mix also make the business look structurally st...
Thomas Barwick/DigitalVision via Getty Images Investment overview I give Sanmina ( SANM ) a buy rating. This is no longer just a diversified EMS name with modest growth. SANM now has much better exposure to cloud infrastructure and a credible path to benefit from the next AI rack buildout through AMD. SANM’s broader manufacturing footprint and better mix also make the business look structurally stronger than before. Business description SANM is an electronics manufacturing services [EMS] company that provides integrated manufacturing solutions, components, products, repair, logistics, and after-market services to OEM customers in various sectors, including industrial, defense and aerospace, automotive, cloud infrastructure, etc. SANM has two segments. One is Integrated Manufacturing Solutions [IMS], which includes manufacturing, delivery, and testing of printed circuit board assemblies and high-level assemblies. The second is Components, Products, and Services [CPS], which includes product design and engineering across advanced printed circuit boards, backplanes, cable, fabricated metal parts, precision machined parts, and plastic injection-molded parts. T he ZT deal changes the shape of the company You cannot talk about SANM without touching on the ZT Systems acquisition . This is not some small bolt-on deal, but one that I view as game-changing. This deal has changed SANM’s revenue mix, its customer exposure, and the kind of programs it can chase after. For context, before the deal, the Communication Networks and Cloud Infrastructure end market made up 38% of revenue, but with ZT, SANM exposure here has risen to 63%. In other words, this matters because the old SANM was pretty much a diversified EMS business with a lot of slower-moving end-market exposure. This ZT deal effectively moves SANM exposure closer to servers, storage, racks, and AI infrastructure, which, in my view, is the right direction. It pushes SANM closer to the area where demand is significantly s...
AlexSecret/iStock via Getty Images Shares of Madison Air Solutions Corp. ( MAIR ) have seen a very successful public offering, as investors like the prospect for the business, which provides better air in various commercial, industrial, and residential settings. A solid performance and growth prospects make it so that Madison has been awarded premium valuations by the market here. This seems relat...
AlexSecret/iStock via Getty Images Shares of Madison Air Solutions Corp. ( MAIR ) have seen a very successful public offering, as investors like the prospect for the business, which provides better air in various commercial, industrial, and residential settings. A solid performance and growth prospects make it so that Madison has been awarded premium valuations by the market here. This seems relatively well deserved, yet in between demanding valuations, some leverage taken on, and some questions on earnings post the offering, I am cautious to get involved with the shares here. However, I am keen to continue to provide coverage on the shares. Other interesting IPO ideas can be found in the investment group Value In Corporate Events. Creating A Better World Through Better Air Madison has a mission to create a safer, healthier, and more productive world through the power of better air. The company has "re-invented" the ROA metric, here defined as return on air. Examples of better air include reduced worker downtime, improved productivity, improved test scores in schools, less downtime of machinery, and others. This is based on the average human taking 25,000 breaths per day, yet 90% of lives are led indoors, where air is typically 2-5 times more polluted. That is key, with poor air quality undermining health, productivity, and performance. The company is a $3.5 billion pro forma business; nearly two-thirds is tied to commercial applications, complemented by residential applications. Commercial applications are served through brands like Nortek, Big Ass Fans, Reznor, and Addison, catering to healthcare, data centers, manufacturing, life sciences, cleanrooms, and education. Residential focuses on single-family homes and multi-family homes. The company announced a large $2.3 billion deal to acquire innovative indoor air solution provider AprilAire in May of last year, to create a large residential business. Increased focus on human health, aging housing stock, commercial ...