Revenue rises 39% year over year to $9.5 billion Arrow Electronics reported a strong first quarter, with revenue up 39% year over year to $9.5 billion. Non-GAAP EPS rose 190% to $5.22. The company's global components business showed broad cyclical recovery, with sal
Microsoft's $7.5 billion GitHub acquisition drives AI coding growth Microsoft's $7.5 billion acquisition of GitHub has proven to be a successful investment, with the AI business hitting a $37 billion annual run rate. The acquisition, which was announced in June 201
A hedge fund manager’s admission highlights how behavioral biases drive bearish market forecasts despite strong corporate earnings growth. A hedge fund manager acknowledged that his personality prevents him from adopting Warren Buffett’s long-term investment approach, desp
Florida governor blasts proposed 9.5% property-tax hike Florida Governor Ron DeSantis has criticized New York City Mayor Zohran Mamdani's tax agenda, arguing that raising taxes on property owners will not solve the city's affordability crisis. The proposed 9.5% pro
Arm Holdings may capitalize on robotaxis expansion The growth of robotaxis is expected to be a trillion-dollar industry, threatening to upend the transportation sector. Waymo is currently performing 500,000 fully autonomous rides per week in 11 cities. Arm Holdin
Court allows transfer of $71M in ETH to Aave A court has given Arbitrum DAO the green light to transfer $71M in ETH to Aave. The decision follows a vote by Arbitrum delegates in support of the move as part of Aave's recovery plan after a North Korea-linked exploit.
Buc-ee's and Wawa draw traffic away from traditional food chains The American road trip is undergoing a transformation as travelers increasingly opt for super-sized gas stations like Buc-ee's and Wawa. These establishments have elevated the traditional quick fill-up a
Top savings accounts offer up to 4.1% APY The national average savings account rate stands at 0.38%. Some savings accounts are currently offering 4% APY and higher. The highest savings account rate available is 4.1% APY, offered by CIT Bank. A $1,000 deposit
30-year fixed mortgage rates climb 7 basis points to 6.25%, while 15-year rates increase 9 basis points to 5.66%, per Zillow data. US mortgage rates reversed course, with the 30-year fixed rate rising 7 basis points to 6.25% and the 15-year fixed rate increasing 9 basis po
Marcus by Goldman Sachs offers the highest 9-month CD rate at 4% APY amid stable Fed policy in 2026. The highest-yielding 9-month certificate of deposit now pays 4% annual percentage yield, according to current market data. Marcus by Goldman Sachs leads the segment with th
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