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

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

Twitter Strikes Back, Says It Will Enforce Agreement With Elon Musk

Text size Elon Musk says the $44 billion deal to buy Twitter is on hold. Twitter disagrees. Jim Watson/AFP via Getty Images Twitter will hold Elon Musk to his offer to buy the company at the $44 billion price agreed last month, it said in two statements on Tuesday. The company “is committed to completing … Read more

Twitter Strikes Back, Says It Will Enforce Agreement With Elon Musk

Text size Elon Musk says the $44 billion deal to buy Twitter is on hold. Twitter disagrees. Jim Watson/AFP via Getty Images Twitter will hold Elon Musk to his offer to buy the company at the $44 billion price agreed last month, it said in two statements on Tuesday. The company “is committed to completing … Read more

Opinion: Elon Musk doesn’t want to buy Twitter anymore, but Twitter should make him pay for it

It’s becoming quite clear that Elon Musk no longer wants to buy Twitter Inc., at least not at the price he negotiated. But Twitter should not walk away without at least $1 billion — and potentially much more — for the trouble. Musk’s bid for Twitter TWTR, +2.49% has become one of the strangest M&A … Read more

15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors

During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really mean? It means you think a stock has dropped too much, based on some quality you expect to fuel … Read more

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. From Peloton Interactive Inc. and Meta Platforms Inc. to Twitter Inc Uber Technologies Inc. and others, corporate belt tightening comes as the Federal Reserve is raising interest rates, global stock markets have fallen and … Read more

Opinion: Elon Musk is likely trying to get a lower price for Twitter

Is Elon Musk’s $44 billion bid for Twitter actually a $1 billion joke by the world’s richest man? That’s a possibility that cannot be ignored, as investors scramble to make sense of Musk’s latest shenanigans early Friday morning. He said, on Twitter, instead of in a U.S. regulatory filing, that his $54.20 per share offer … Read more

Why Tesla Stock Is Rising After Elon Musk Put the Twitter Deal on Hold

Tesla investors are trying to figure out what Elon Musk will do with Twitter. Suzanne Cordeiro/AFP via Getty Images Text size Elon Musk’s posts on Twitter about his deal to buy the social media company are having a ripple effect on Tesla stock, too. Tesla investors, however, shouldn’t get too far ahead of the situation. … Read more