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

JPMorgan sees a rebound ahead

As Covid-19 cases decline in major Chinese cities and consumption in the country is expected to rebound in the weeks ahead, JPMorgan names four e-commerce stocks set to benefit as growth returns to a more normalized level. “We believe we will see a rebound in consumption in late 2Q22 or 3Q22, when the total ecommerce … 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

Mark Zuckerberg Could Pay for 2016 Election Scandal Personally

Mark Zuckerberg could be the one to pay for the past sins of Facebook.  After Donald Trump’s U.S. Presidential election victory in 2016, Facebook was accused of letting Cambridge Analytica, a company specializing in strategic communications, use the data of nearly 50 million users to influence voters in favor of the Republican candidate.  At first … 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

SpaceX president Gwynne Shotwell defends Elon Musk over sex misconduct allegations

SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to … Read more

SpaceX Seeks Funding Following Boeing’s Successful Weekend

Say what you will about Elon Musk, but raising money for his companies has never been a problem.  Tesla  (TSLA) – Get Tesla Inc Report for example has raised a total of $20.2 billion in funding over 36 rounds, according to Crunchbase.  Musk has become adept at garnering foreign investment dollars in recent years. Most of … Read more

Zoom Video Earnings Preview: Doom or Boom? Check the Chart.

Once a Covid-19 darling, videoconferencing-tech specialist Zoom Video’s  (ZM) – Get Zoom Video Communications, Inc. Class A Report stock rose 850% from low to high in a span of 10 months.  Since then it’s been a train wreck. The shares peaked in October 2020 and have now fallen 86% from the high. In its recent stretch, … Read more

Klarna to lay off 10% of its workforce

Buy now, pay later products like Klarna’s became wildly popular in the Covid pandemic. Noam Galai | Getty Images Klarna plans to lay off about 10% of its global workforce, making the buy now, pay later firm the latest major tech company to announce job cuts. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement … Read more