Broadcom stock rises after earnings beat and dividend hike, despite slight software miss

Broadcom stock rises after earnings beat and dividend hike, despite slight software miss

Broadcom Inc. shares ticked higher in the extended session Thursday after the chip and software company reported quarterly earnings and an outlook that topped Wall Street estimates — except for a slight miss on software revenue — and hiked its dividend. Shares of Broadcom AVGO, +2.43% rose 2% after hours, following a 2.4% rise in…

What happens if more buyers refuse metals like aluminum from Russia? The LME doesn’t want to find out

What happens if more buyers refuse metals like aluminum from Russia? The LME doesn’t want to find out

Speculation that the U.S. is considering a ban on aluminum from Russia contributed to a brief spike in prices for the metal a week ago, but some consumers have already voluntarily chosen to avoid metals from the country. That’s led the London Metal Exchange (LME) to consider options to circumvent trading distortions potentially caused by…

This eclipse-like event is why bitcoin could reach $100,000 by next year, says forecaster who has made prescient calls

This eclipse-like event is why bitcoin could reach $100,000 by next year, says forecaster who has made prescient calls

We’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who has made some prescient predictions on crypto (not to mention equities). He said the so-called winter for bitcoin BTCUSD, -2.57% is over for now, with a…

Dow jumps 600 points, Nasdaq surges 3% as tech sector powers higher

Dow jumps 600 points, Nasdaq surges 3% as tech sector powers higher

U.S. stocks barreled higher on Thursday as tech stocks like Nvidia and Apple erased early losses and a batch of mostly benign economic data helped assuage investor concerns of a consumer pullback that could harm the economy. Federal Reserve minutes released Wednesday also stoked speculation about a pause to reassess interest rate hikes later in…

VMware stock rallies 25% on reports Broadcom is weighing its third software acquisition in four years

VMware stock rallies 25% on reports Broadcom is weighing its third software acquisition in four years

VMware Inc. shares rallied Monday as Wall Street chimed in on reports that Broadcom Inc. is looking for a threepeat when it comes to software acquisitions. VMware VMW, +24.78% shares surged to finish up nearly 25% at $119.43 for a market cap of $50.29 billion. Late Sunday, several news outlets reported that Broadcom AVGO, -3.10%…

Dow futures up 300 points after Biden hints that China tariffs could be reconsidered

Dow futures up 300 points after Biden hints that China tariffs could be reconsidered

U.S. stock index futures were pointing to a firmer start for Wall Street on Monday, with some crediting the move to comments made by President Joe Biden about a reconsideration of China tariffs. How are stock index futures trading? S&P 500 futures ES00, +0.92% rose 38 points, or 1%, to 3,938 Dow Jones Industrial Average…