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

Snap stock falls 20% after Snapchat parent says it will miss estimates due to deteriorating economy

Snap Inc. stock fell more than 20% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than anticipated.” Snap SNAP, -3.40% said in a filing it is likely to report revenue and adjusted EBITDA below the low end of its … Read more

Monkeypox cases are driving up stock prices for these companies

Growing concern about the emergence of monkeypox in Europe and the U.S. has sent shares of several vaccine and drug companies soaring. Though infections are rarely reported outside of Central and West Africa, 92 cases have been confirmed this month in countries where the monkeypox virus is not endemic, including Europe and the U.S., as … Read more

Opinion: ‘I feel like I am reliving the summer of 2008.’ Strategist David Rosenberg sees bear market sinking the S&P 500 to 3,300

The U.S. stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon — … Read more

Sit Out the Next Few Months, Say These Analysts. A Recession Is Unavoidable.

Text size American flags outside the New York Stock Exchange in New York. Michael Nagle/Bloomberg The S&P 500 came close to finishing Friday’s session in a bear market, adding fuel to a rapidly intensifying debate over whether the market has bottomed out, or if it’s just preparing for hibernation as recession fears heighten. At its … Read more

Deteriorating earnings revisions could knock stocks down another 5% to 10%, warns Morgan Stanley

U.S. company earnings revisions are “deteriorating quickly,” threatening to deepen the stock-market’s losses so far this year, according to a note from Morgan Stanley’s wealth-management division. “Negative earnings revisions and negative economic surprises could produce another 5% to 10% decline in the S&P 500,” said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, … Read more

Bank of America is raising its hourly minimum wage to $22 — here’s how many people don’t even come close to pay like that

Bank of America workers are getting a pay bump at the end June when minimum wages climb to $22 as a part of the major bank’s longstanding plan to get its starting rate to $25 by 2025. It’s good news for the bank’s workers at a time when inflation keeps increasing the cost of living. … 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