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

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

The Airbnb of Wall Street Wants to Free Up Trapped Bank Capital

Wall Street banks are running out of room to keep the markets humming. The sharing economy could hold the solution.   That is the idea behind Capitolis Inc., a startup backed by some of the biggest names on Wall Street and Silicon Valley. In the same way Airbnb turned vacant homes into vacation rentals, Capitolis is … Read more

It’s Treasure-Hunt Season for Off-Price Retail

For an off-price retailer such as T.J. Maxx, which feeds on regular scraps of unsold inventory, 2021 was a famine year. A feast could be coming its way. In normal times, such shops source their inventory through two broad buckets. About three-quarters is sourced through merchandise that local stores unload for a bargain (think of … Read more

Dell Might Be Tech’s Cheap Dark Horse

Nobody expects much from Dell DELL -2.55% these days. That might turn out to be a good thing for the 38-year-old tech giant. Dell is one of only six U.S.-listed tech companies currently generating more than $100 billion in annual revenue. It is also the cheapest by miles, trading at less than six times forward … Read more

ECB Signals End to Negative Interest Rates by September

FRANKFURT—The European Central Bank is likely to increase its key interest rate to zero or above by September, President Christine Lagarde said, drawing a line under an eight-year experiment with negative interest rates amid record-high inflation and mounting concerns over the weakness of the euro currency. The planned 0.5 percentage-point increase in interest rates, outlined … Read more

Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas

Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to. Executives at firms including Pioneer Natural Resources Co. PXD … 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

Bonds’ Descent Stalls Amid Stock Turmoil

A stock-market drubbing that had the S&P 500 flirting with bear-market levels last week is driving investors to the relative safety of government debt, stalling the worst bond rout in decades. U.S. Treasury yields, which rise when bond prices fall, have slid from multiyear highs in recent sessions, offering a reprieve for bond investors, who … Read more

Stock Futures Edge Up After Nearing Bear Market

U.S. stock futures inched up, putting the S&P 500 on track to edge away from bear-market territory after flirting with such levels in a volatile trading session Friday. Futures for the S&P 500 added 0.4% Monday. At one point Friday, the S&P 500 slid so far it was on track to close at least 20% … Read more