(RTTNews) - Arrow Electronics, Inc. (ARW) on Wednesday said its board has approved a new share repurchase program of up to $1 billion, effective May 12, 2026, replacing the current plan.
(RTTNews) - Arrow Electronics, Inc. (ARW) on Wednesday said its board has approved a new share repurchase program of up to $1 billion, effective May 12, 2026, replacing the current plan.
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, we have updates on the US housing market at the start of its key season for deals and New York City’s budget and tax proposals . We’ll also tell you about a suburb that reined in sprawl an...
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, we have updates on the US housing market at the start of its key season for deals and New York City’s budget and tax proposals . We’ll also tell you about a suburb that reined in sprawl and a sports icon’s Spanish building deal . There’s a lot more, so read on. — Christine Maurus Market Snapshot Vonovia SE $21.98 -1.3% Emaar Properties PJSC $11.84 -0.3% Beazer Homes USA Inc $23.33 -7.3% Dream Finders Homes Inc $13.02 -13% Market data as of 09:21 AM ET. Data is subject to provider delays. The big story Predictions for a slow spring homebuying season in the US are bearing out so far, at least by one measure. Closed purchases of resale homes were underwhelming last month , climbing just 0.2% from March. It’s a time of year when deals usually would start quickening up: Nicer weather lures curiosity seekers to open houses, and families weighing a move look to get it done before the new school year starts. As plenty of industry folks have noted, this is no ordinary year. The war in Iran is hanging heavily on a lot of people’s minds, stirring up anxiety over making big financial commitments — like buying a new house. In real terms, the conflict is pushing up oil and gas prices , leaving would-be homebuyers less money to play around with. The war is also keeping mortgage rates high by driving increases in the government bonds that guide them. All is not necessarily lost. Some experts see reason for optimism, mostly because of recent improvements in affordability. Prices are still rising on a national level, but at a much tamer pace than during the Covid era sales frenzy. And where buyers previously would have to fight over scraps, there are more listings to pick from now. But even that’s a mixed bag. The National Association of Realtors — the trade group that report...
France's highest administrative court, the Conseil d'Etat, rejected on Wednesday a challenge by Internet giant Amazon over minimum delivery fees on books, as the country continues its battle to protect its cultural traditions in an age of global, digital commerce. The French government had introduced the minimum three euro ($3.50) fee in October 2023 to help local independent bookstores counter...
France's highest administrative court, the Conseil d'Etat, rejected on Wednesday a challenge by Internet giant Amazon over minimum delivery fees on books, as the country continues its battle to protect its cultural traditions in an age of global, digital commerce. The French government had introduced the minimum three euro ($3.50) fee in October 2023 to help local independent bookstores counter competition from Amazon, which had until then charged a euro cent on book deliveries in France. Amazon had argued that this French fee was protectionist and a breach of European Union law.
simoncarter/iStock via Getty Images Arrow Electronics ( ARW ) shares rose 1.7% in premarket trading on Wednesday as Bank of America upgraded the tech company. "We are upgrading ARW from Underperform to Neutral as the fundamental backdrop is improving with backlog extending into 2Q/3Q and book-to-bill firmly >1," analyst Ruplu Bhattacharya wrote in a note to clients. "These signals point to a healt...
simoncarter/iStock via Getty Images Arrow Electronics ( ARW ) shares rose 1.7% in premarket trading on Wednesday as Bank of America upgraded the tech company. "We are upgrading ARW from Underperform to Neutral as the fundamental backdrop is improving with backlog extending into 2Q/3Q and book-to-bill firmly >1," analyst Ruplu Bhattacharya wrote in a note to clients. "These signals point to a healthier demand environment (partly driven by AI) with better near-term revenue visibility which gives us conviction on near-term estimates. Lean customer inventories and order patterns look more consistent with the early/mid stages of an upcycle than the late stages of one. However, we remain cautious as Asia is likely to remain a mix headwind (lower margin), potential negative impact of pull-forward and component cost increases on end demand in 2H C26 & C27, and Street estimates that have moved materially higher (higher bar to beat)." In addition to the upgrade, Bhattacharya raised his price target on Arrow to $233 from $122. More on Arrow Electronics Arrow Electronics, Inc. 2026 Q1 - Results - Earnings Call Presentation Arrow Electronics, Inc. (ARW) Q1 2026 Earnings Call Transcript Arrow: Moving In The Right Direction Arrow expects Q2 sales of $9.15B-$9.75B and non-GAAP EPS of $4.32-$4.52 as components recovery accelerates Arrow Electronics Non-GAAP EPS of $5.22 beats by $2.37, revenue of $9.5B beats by $1.17B
Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on […]
Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on […]
Oracle (NYSE:ORCL) has appointed Dr. Tomislav Mihaljevic, CEO and President of Cleveland Clinic, to its Board of Directors. The company has also expanded its partnership with Samsung Electronics, with Samsung set to standardize global semiconductor software development on Oracle Java. Oracle enters these announcements with its share price at $186.83 and a value score of 4, alongside a 16.3% return...
Oracle (NYSE:ORCL) has appointed Dr. Tomislav Mihaljevic, CEO and President of Cleveland Clinic, to its Board of Directors. The company has also expanded its partnership with Samsung Electronics, with Samsung set to standardize global semiconductor software development on Oracle Java. Oracle enters these announcements with its share price at $186.83 and a value score of 4, alongside a 16.3% return over the past year and a 154.0% return over the past 5 years. For investors, the combination...
atlantic-kid/iStock Editorial via Getty Images At first glance, the post-earnings sell-off in Playboy Inc. ( PLBY ) stock looks surprising. The quarter looks fine, with lingerie unit Honey Bridgette continuing its recovery and Adjusted EBITDA more than doubling year-over-year. The top line did modestly miss sell-side estimates (by less than 2%), but given thin coverage (the consensus appears based...
atlantic-kid/iStock Editorial via Getty Images At first glance, the post-earnings sell-off in Playboy Inc. ( PLBY ) stock looks surprising. The quarter looks fine, with lingerie unit Honey Bridgette continuing its recovery and Adjusted EBITDA more than doubling year-over-year. The top line did modestly miss sell-side estimates (by less than 2%), but given thin coverage (the consensus appears based on just three analysts), that alone doesn't seem to explain a 13% decline as of this writing. But this does seem to be a case where the story of the quarter is less in the numbers than in the commentary. On paper, Playboy stock can still work; in practice, it's still not clear what, precisely, the company and chief executive officer Ben Kohn actually are trying to do. Q1 showed reasonably good news on the former but may well have added to the concern around the latter. That, more than a few analyst estimates, seems to explain the decline. That, of course, leads to another question: whether that decline is an opportunity. Good News First: Playboy's Numbers Are Fine Coming out of the Q1 release, PLBY stock does look stronger than it has in some time. Trailing twelve-month Adjusted EBITDA excluding litigation expenses is nearing $25 million. Net debt, thanks to the first payment related to a licensing deal in China announced in February, is currently at $115 million. That's still a leverage ratio nearing 5x, but subsequent payments will drive further debt reduction. There's a line of sight toward Playboy getting leverage down below 3x (something like net debt of $75 million against EBITDA of ~$28-$30 million), which actually might be the right ratio for a business still weighted toward high-margin recurring licensing revenue. That licensing business did have a weak quarter, however, at least from a headline perspective. Per figures from the 10-Q, revenue in that segment was down 4.5% year-over-year. The press release attributed the weakness to a "small number of licensing agr...
JPMorgan's clients are really worried about the stock market right now. According to a note from the bank's equity trading desk, "the chants from the bears are getting louder and louder … that's what's happening right now … My clients have gone from cautious to full blown bearish in a very short period." Indeed, plenty of risks remain to the rally that pushed stocks to records as recently as Monda...
JPMorgan's clients are really worried about the stock market right now. According to a note from the bank's equity trading desk, "the chants from the bears are getting louder and louder … that's what's happening right now … My clients have gone from cautious to full blown bearish in a very short period." Indeed, plenty of risks remain to the rally that pushed stocks to records as recently as Monday. Chief among them: Talks between the U.S. and Iran appear stalled after President Donald Trump said this week that a ceasefire between the two nations was on "life support." Now, on top of that, inflation is pushing higher too. But JPMorgan traders have a simple message for their worried clients: calm down. .SPX YTD mountain S & P 500 year to date The bank remains "Tactically Bullish driven by (i) resilient macro environment led by the consumer; (ii) strong earnings; (iii) renewed Tech interest that should keep U.S. indices at/near the top among [developed markets] (iv) potential for Xi-Trump agreements that reduce tensions/costs; and (v) a deal that reopens the [Strait of Hormuz]." Options market activity also points to further upside. Amy Wu Silverman of Royal Bank of Canada told CNBC on Tuesday she sees "historic" call options buying at the moment. JPMorgan also noted that the consumer remains in good shape thanks to tailwinds from the One Big Beautiful Bill Act. "We think the bull case holds until there is a change in fundamentals or an extreme change in positioning," traders at the bank said.
The European Union will not ban “conversion therapy” targeting LGBTQ people, but will push member states to take action against such practices, it said on Wednesday. So-called conversion “therapies” involve methods that seek to change the sexual orientation or gender identity or expression of members of gay, lesbian, queer and trans people. The EU stopped short of heeding a call by over a million ...
The European Union will not ban “conversion therapy” targeting LGBTQ people, but will push member states to take action against such practices, it said on Wednesday. So-called conversion “therapies” involve methods that seek to change the sexual orientation or gender identity or expression of members of gay, lesbian, queer and trans people. The EU stopped short of heeding a call by over a million people, who signed a petition last May calling on the 27-country bloc to prohibit such...
As President Donald Trump lands in Beijing for a summit with Xi Jinping, new economic data shows inflation in the US is on the rise. The producer price index rose 6% from a year ago. Bloomberg's Annmarie Hordern is traveling with the president and reports from Beijing on what Trump is looking to accomplish. (Source: Bloomberg)
As President Donald Trump lands in Beijing for a summit with Xi Jinping, new economic data shows inflation in the US is on the rise. The producer price index rose 6% from a year ago. Bloomberg's Annmarie Hordern is traveling with the president and reports from Beijing on what Trump is looking to accomplish. (Source: Bloomberg)
Fitch Ratings slashed its outlook on Bangladesh to ‘negative’ from ‘stable’, reflecting the country’s high vulnerability to the Middle East conflict. It affirmed the country’s credit rating at ‘B+’, which is considered junk-rated or highly speculative for investors. Other countries with similar ratings include Moldova, Rwanda and Mongolia. Key rating drivers include relatively low external buffers...
Fitch Ratings slashed its outlook on Bangladesh to ‘negative’ from ‘stable’, reflecting the country’s high vulnerability to the Middle East conflict. It affirmed the country’s credit rating at ‘B+’, which is considered junk-rated or highly speculative for investors. Other countries with similar ratings include Moldova, Rwanda and Mongolia. Key rating drivers include relatively low external buffers, uncertainty around reform outlook, growth pressures and low revenue, Fitch said in a statement released Wednesday. The country’s capacity to absorb shocks is gradually eroding, analysts including Sagarika Chandra wrote in the note. “The Middle East conflict creates significant downside risks, particularly through the supply and cost of energy imports and remittances,” they said. There’s also an increased uncertainty regarding the new administration’s willingness for reforms. The Middle Eastern region is responsible for nearly 60% of Bangladesh’s total remittances, according to government data. Consumer prices quickened in April, data released last week showed. The country has adopted austerity measures, like trimming office hours and has also raised diesel prices due to surging import costs. Bangladesh Bank Seeks to Calm FX Fears as Taka Hits Record Low Bangladesh Continues Talks with IMF on Key Reforms Tied to Loan Bangladesh Seeks $2 Billion Loans by June to Fund Fuel Imports
Felix Salmon called Ryan Cohen’s bid for eBay largely posturing dressed up as M&A. The math agrees. GameStop (NYSE:GME) carries a market cap of roughly $10.25 billion and is offering $125 per eBay share in a 50% cash, 50% stock structure that would require something like $28 billion in cash against $9 billion on the ... Felix Salmon Says GameStop’s $54 Billion eBay Bid Is Mostly a Stunt. Ryan Cohe...
Felix Salmon called Ryan Cohen’s bid for eBay largely posturing dressed up as M&A. The math agrees. GameStop (NYSE:GME) carries a market cap of roughly $10.25 billion and is offering $125 per eBay share in a 50% cash, 50% stock structure that would require something like $28 billion in cash against $9 billion on the ... Felix Salmon Says GameStop’s $54 Billion eBay Bid Is Mostly a Stunt. Ryan Cohen Wins Either Way.
AMD expands its Ryzen 9000 PRO lineup with six new SKUs, now featuring 3D V-Cache for the first time — new workstation CPUs have up to 170W TDPs, available with OEMs later this year Tom's Hardware
AMD expands its Ryzen 9000 PRO lineup with six new SKUs, now featuring 3D V-Cache for the first time — new workstation CPUs have up to 170W TDPs, available with OEMs later this year Tom's Hardware
Investors Should Know: AI-driven demand is creating measurable revenue growth in semiconductor supply chain companies, with activity visible not just in high-profile chip designers but in packaging, testing, and interconnect development. This sector has seen significant stock price appreciation so far this year, but most of the key players are still obscure to many investors and, according to Seek...
Investors Should Know: AI-driven demand is creating measurable revenue growth in semiconductor supply chain companies, with activity visible not just in high-profile chip designers but in packaging, testing, and interconnect development. This sector has seen significant stock price appreciation so far this year, but most of the key players are still obscure to many investors and, according to Seeking Alpha's Quant Ratings, could still see further upside. Background The AI buildout requires more than just chip design. Packaging and testing services — the layer that assembles and validates finished chips — are seeing demand pressure as AI accelerators push higher complexity into manufacturing. AI has dramatically increased the demand for OSATs (Outsourced Semiconductor Assembly and Test providers), as complicated AI chips require advanced packaging technologies to tightly connect the component parts. This has turned packaging companies from relatively overlooked manufacturing suppliers into strategic players in the AI supply chain. Many of the critical players in this space trade overseas. However, some key publicly traded names in the industry include ASE Technology Holding ( ASX ), Amkor Technology ( AMKR ) and ChipMOS Technologies ( IMOS ). Meanwhile, Kulicke & Soffa Industries ( KLIC ) is a major provider of assembly equipment used by OSATs and FormFactor ( FORM ) supplies test probes and equipment. Key Takeaways AI-related demand is generating revenue growth in semiconductor packaging and test services, with at least one OSAT provider reporting 32% year-over-year revenue growth. While demand is high, companies in this sector are facing capacity constraints. Industry players are taking steps to expand capacity with increased spending. However, this has led to near-term margin pressure in some cases. Like a large number of AI-related companies, stocks in this sector have risen sharply. However, there are still names in the space that have relatively healthy valuati...