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…
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…
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…
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 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%…
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…
Chip maker Broadcom Inc. is in negotiations to buy enterprise cloud-computing company VMware Inc., according to multiple reports Sunday night. Bloomberg News, Reuters, the New York Times and the Wall Street Journal reported the ongoing talks but did not mention a purchase price; as of Friday, VMware VMW, +0.80% had a market cap of about…