C&E Industry News Filter

Top Stock Market Movers: Salesforce, UiPath, HP Inc., Best Buy, Kohl’s, Foot Locker, C3.ai, Nutanix, and More

by
Top Stock Market Movers: Salesforce, UiPath, HP Inc., Best Buy, Kohl’s, Foot Locker, C3.ai, Nutanix, and More

Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce fell 20% after reporting first-quarter earnings that beat expectations but revenue fell short and the outlook for the current fiscal second quarter missed estimates. Analysts were expecting revenue of $9.35 billion and profit of $2.40, but Salesforce expects … Read more

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

by
Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well.  That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a … Read more

Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

by
Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link

J&J, Bank of America, Goldman, Lockheed, Ericsson, Wyndham, SunPower, and More Stock Market Movers

by
J&J, Bank of America, Goldman, Lockheed, Ericsson, Wyndham, SunPower, and More Stock Market Movers

Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024. Source link