Dell Technologies Inc
Stocks making the biggest moves after hours: Ulta, Gap, Dell and more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2.346 […]
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Broadcom announces plans to buy VMware in $61 billion deal
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology acquisitions […]
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Stocks making the biggest moves midday: Dick’s Sporting Goods, Nordstrom, Wendy’s and more
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook […]
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Stocks making the biggest moves premarket: Dick’s Sporting, Express, Wendy’s and more
Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and […]
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Broadcom, VMware deal could be announced by Thursday, sources say
Rangarajan Raghuram, CEO, VMware at the NYSE, Dec. 14, 2021. Source: NYSE CNBC’s David Faber reported Monday that Broadcom had been gearing up to announce its acquisition of VMware as soon as Thursday, but the news could come sooner after several reports said the two companies were in talks. Some material terms still need to […]
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Broadcom reportedly in talks to acquire VMware
In this photo illustration, the VMware logo is seen on a smartphone and in the background. Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters. Pavlo Gonchar | Lightrocket | Getty Images Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with […]
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Tech stocks are mired in their longest weekly losing streak since dot-com bust
Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war […]
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IBM stock on pace for best day since April 2020 as analysts raise estimates
Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose as much as 8% on Wednesday after the hardware, software […]
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The pandemic boom in PC sales is over
Shoppers are deciding to buy a Microsoft laptop at Best Buy in Tampa, Florida, November, 2021. Octavio Jones | Getty Images PC shipments declined sharply in the first quarter of 2022, according to new industry estimates, suggesting that the pandemic boom in PC sales is over. Gartner said on Monday that it estimates that PC […]
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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