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

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

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. Dreamstime.com 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

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

Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Dreamstime.com 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

Here’s What’s Stopping Stocks From Sinking Into a Bear Market After Friday’s Flirt

The S&P 500 dipped a toe into bear market territory on Friday before pulling back to close higher than the level that marks a 20% drop from the peak. Futures indicated further gains Monday morning. Nevertheless, the index has now declined for seven consecutive weeks. The Dow Jones Industrial Average fell for an eighth week. … Read more

Stock Futures Rise After S&P 500 Narrowly Avoids Closing in Bear Market

Text size Commuters exit from the Wall Street subway station in New York. Amir Hamja/Bloomberg Stock futures were signaling a higher start for Wall Street on Monday after the S&P 500 rallied on Friday to avoid closing in a bear market. Contracts linked to the Dow Jones Industrial Average gained 307 points, or 1%, S&P … Read more

VMware Stock Surges on Report of Broadcom Takeover Discussions

Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Dreamstime.com 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