industrial news

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

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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 now ranks among 10 largest U.S. companies after big 2023 stock gains

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Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

Nvidia Corp. has catapulted up the list of the most valuable U.S. companies this year, rising eight spots from the end of last year to sit in the fifth position with a market capitalization of $1.2 trillion. But other chip companies have seen their positions rise even more. Just look at Broadcom Inc. AVGO, +0.59%, … Read more

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

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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’s VMware deal may be in doubt, but its soaring stock will be just fine

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Broadcom’s VMware deal may be in doubt, but its soaring stock will be just fine

As Broadcom Inc. and VMware Inc. get closer to their new merger deadline of Nov. 26, some investors are nervous that the deal will not get done, with a $1.5 billion termination fee hanging over the chip maker. China is reportedly the cause for the current hold-up for the deal, which was supposed to close … Read more

Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

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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

Tech Down as VMWare, China Fears Weigh — Tech Roundup

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Tech Down as VMWare, China Fears Weigh — Tech Roundup

Shares of technology companies fell after one major deal was jeopardized by U.S.-China tensions, stoking concerns that the tech trade war will hurt the industry. Shares of VMWare plunged after The Financial Times reported Broadcom’s roughly $61 billion deal to buy the maker of virtualization software was held up by Beijing authorities, largely in response … Read more

Netflix shares surge as streaming site hikes prices while Tesla stock slumps after Musk’s comments

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Netflix shares surge as streaming site hikes prices while Tesla stock slumps after Musk’s comments

Here are some of the most notable stock movers in Thursday’s trading action: Stock gainers: Netflix Inc. shares NFLX, -2.68% rallied 12% after the streaming giant announced a spike in subscribers, and hiked prices on some plans, effective immediately Source link

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

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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

VMware Shares Rise After CMA Greenlights Broadcom Deal

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VMware Shares Rise After CMA Greenlights Broadcom Deal

By Will Feuer Shares of VMware rose after British regulators cleared Broadcom’s roughly $61 billion takeover of the multi-cloud services provider. VMware stock climbed almost 6% to $163.71 in premarket trading. Shares were already up more than 27% over the past 12 months through Friday’s close. Broadcom agreed more than a year ago to pay … Read more