The Latest Breaking News from VMware

Raymond James analyst Simon Leopold downgraded VMware, Inc (NYSE:VMW) from Outperform to Market Perform. The re-rating reflects the expiry of the "Go Shop" period with no other bidders. He expects Broadcom Inc (NASDAQ:AVGO) deal to win approval but will take about a year to close. Leopold views Broadcom's bid of $61 billion, or $142.50 per share…

Concerns over the Fed’s aggressive interest rate hikes to curb the multi-decade inflation and the increasing odds of a recession have kept the stock market under massive pressure lately. Amid such an uncertain environment, stocks possessing impressive growth attributes, such as Broadcom (AVGO), Cirrus Logic (CRUS), Renesas Electronics (RNECF), and…

The stock market rally is now a confirmed uptrend, but will it last? Macy's, Dollar Tree and Albemarle soared this week on earnings news.

Stock futures higher as Fed 'pause' hint boosts sentiment; Costco slips after Q1 earnings beat as margins narrow; Gap tumbles after wider Q1 loss, grim full-year outlook; Dell surges as Q1 earning impress after VMware deal and Marvell jumps as data center chip demand boosts earnings, outlook

Broadcom Inc. agreed to buy cloud-computing company VMware Inc. for about $61 billion, sealing one of the largest technology deals in history and advancing the chipmaker’s quest to become a force in corporate software.

New York (AFP) - Wall Street stocks rose for a second straight session Thursday on a mixed day for global equities, while China's premier offered an unusually stark warning as the country's zero-Covid strategy bites into growth.

Broadcom is rallying on its earnings report and news of its $61 billion deal for VMWare. But does that make the stock a buy?

The stock market gained on lower jobless claims and as Nvidia stock and retailer earnings rebounded.

London (AFP) - European and US stock markets rose Thursday on relief about the pace of interest rate hikes, while the Russian ruble slumped following a cut in the interest rate.