SYND

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

Tech Down as VMWare, China Fears Weigh — Tech Roundup

by
Tech Down as VMWare, China Fears Weigh — Tech Roundup

Shares of technology companies slipped ahead of earnings from some major firms next week. Despite the yearlong hype about artificial-intelligence products boosting growth in the sector, the S&P 500 tech industry group is expected to generate third-quarter revenue growth of a meager 1.5%, according to research from LSEG. Microsoft, Apple and Alphabet shares all slipped … Read more

Tech Down as VMWare, China Fears Weigh — Tech Roundup

by
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

VMWare Down After FT Reports China Holding Up Broadcom Buyout

by
VMWare Down After FT Reports China Holding Up Broadcom Buyout

By Rob Curran Shares of VMWare slid premarket after the Financial Times reported that authorities in China were holding up chipmaker Broadcom’s multibillion dollar buyout of the maker of virtualization software in the latest salvo of the U.S.-China tech battle. The State Administration of Market Regulation in Beijing is delaying approval of the merger deal … Read more

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

VMware Shares Rise After CMA Greenlights Broadcom Deal

by
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