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

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

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

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

The Stock Market’s Drop Is Hitting Many 401(k)s Harder This Time

Millions of workers and retirees are more exposed to the stock-market slide than they might expect.  Many Americans spent the past decade putting more of their retirement money into target-date funds, a type of set-it-and-forget-it investment product pitched as an easy way to invest in a diversified portfolio of stocks and bonds. The product works … Read more

Stock futures gain as Wall Street looks to snap 8-week losing streak

U.S. stock-index futures gained late Sunday, after Wall Street last week sank to is longest losing streak since 1932. Dow Jones Industrial Average futures YM00, +0.66% were recently up about 200 points, or 0.7%, while S&P 500 futures ES00, +0.84% and Nasdaq-100 futures NQ00, +1.03% posted gains closer to 1% Crude prices CL.1, -0.12%, meanwhile, … Read more

Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad … Read more

Luka Doncic, Ja Morant, Warriors put NBA in strong media rights position

Ja Morant #12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chase Center on May 07, 2022 in San Francisco, California. Thearon W. Henderson | Getty Images The NBA is in … Read more

Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.

Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ugliest day for the Dow Jones Industrial Average and S&P 500 since June 2020. Hong Kong’s Hang Seng Index has fared among … Read more

Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.

Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ugliest day for the Dow Jones Industrial Average and S&P 500 since June 2020. Hong Kong’s Hang Seng Index has fared among … Read more