Broadcom in Talks to Pay About $60 Billion for VMware

Broadcom is in talks to pay around $60 billion for VMware people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The two technology companies are aiming to announce a cash-and-stock deal worth about $140 a share on Thursday, assuming the talks don’t fall apart, the … Read more

Five Things to Know About Broadcom’s Potential Deal for VMware

Text size Broadcom stock slipped in response to news of the possible deal. Justin Sullivan/Getty Images Broadcom ’s expected acquisition of cloud computing provider VMware will likely rank as one of the year’s biggest mergers.  Broadcom (ticker: AVGO), a chip maker, is in talks to buy VMware (VMW), according to Bloomberg, which said the transaction … Read more

AMD’s New Chips Could Spark a Turnaround for Its Stock

Text size AMD’s Ryzen 7000 chips will be made using a more advanced process than its existing ones. Courtesy of AMD It’s finally here. For the first time in three years, Advanced Micro Devices will be moving its processor lineup to a new chip-making process, which could enable the semiconductor company to add to recent … Read more

Deere Stock Plunged Friday. Wall Street Thinks Investors Overreacted.

Text size A John Deere autonomous tractor. Courtesy of John Deere Stock of agricultural-machinery giant Deere plummeted 14.1% Friday after the company reported better-than-expected fiscal-second-quarter results, and raised full-year guidance. The problem was Investors wanted more from the company, and Deere’s (ticker: DE) earnings included some one-time items, and some headwind from parts shortages. What’s … Read more

Macy’s, Dollar General and Costco May Offer Clues on Strength of Consumer Spending

Investors are looking for more signs that inflation and lingering effects from the Covid-19 pandemic are wearing on American consumers. This week, Macy’s Inc., Dollar General Corp., Costco Wholesale Corp. and other retailers are slated to release quarterly reports showing sales without the lift from government stimulus that helped consumer spending last year. In addition, … Read more

NYSE Sees More Chinese Companies Listing in the U.S.

Text size Investment in China and the outlook for the world’s second-largest economy is in sharp focus at the World Economic Forum. Spencer Platt/Getty Images DAVOS, SWITZERLAND – One of the top executives from the New York Stock Exchange expects the number of Chinese companies listed in the U.S. to remain the same or grow, … Read more

JPMorgan Stock Rises as Bank Lifts Net Interest Income Forecast

Text size JPMorgan Chase CEO Jamie Dimon. Michel Euler/Pool/AFP/Getty Images JPMorgan Chase stock was rising after the bank lifted its 2022 forecast for net interest income. JPMorgan’s (ticker: JPM) investor day, which began at 8 a.m. Eastern time, is the bank’s chance to convince investors that it hasn’t lost its “fastball,” as one analyst said … Read more

NIO Has Good News for Tesla. Production Is Recovering After Covid-19 Lockdowns.

Text size Shares of electric-vehicle maker NIO are down 25% since the end of March. Lintao Zhang/Getty Images Chinese Covid-19 lockdowns have hurt electric-vehicle sales and production since late March, putting pressure on share prices. There is light at the end of the tunnel though. Mizuho analyst Vijay Rakesh recently hosted NIO (ticker: NIO) at … Read more

Nvidia to Slow Hiring Amid Inflationary Environment

The technology industry has been cutting back as it struggles to deal with rising inflation and a deteriorating global economic environment. Justin Sullivan/Getty Images Text size Nvidia is slowing the pace of hiring, the company confirmed on Sunday. The chip maker (ticker: NVDA ) joins several other major technology companies that have decided to be … Read more

VMware Stock Surges on Report of Broadcom Takeover Discussions, Broadcom Falls

Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Shares of cloud computing provider VMware were surging Monday after reports said Broadcom was in talks to buy the software company. Chip maker Broadcom (ticker: AVGO), with a market value of about $222 billion, is negotiating to buy VMware (WMW), with a value … Read more