Stock futures fall after Dow’s 600 point comeback

Stock futures fall after Dow’s 600 point comeback

Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.34%. S&P 500 futures dipped 0.69% and Nasdaq 100 futures dropped 1.33%. Zoom Video shares popped 6% in extended trading after sharing strong … Read more

Broadcom in Talks to Pay About $60 Billion for VMware

Broadcom in Talks to Pay About  Billion for VMware

Broadcom Inc. AVGO -3.10% is in talks to pay around $60 billion for VMware Inc., VMW 24.78% people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The two technology companies are aiming to announce a cash-and-stock deal worth about $140 a share on Thursday, assuming … Read more

Wall Street rallies on back of big tech, banks

Wall Street rallies on back of big tech, banks

JPMorgan Chase upbeat interest income outlook boosts banks Broadcom shares fall on potential VMware buyout Indexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59% NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street’s longest streak … Read more

Call Of Duty Maker Activision Racks Up Losses In Union Fight

Call Of Duty Maker Activision Racks Up Losses In Union Fight

Image: Activision Blizzard / Kotaku / Yevgenij_D (Shutterstock) Despite months of negative talking points by Call of Duty publisher Activision Blizzard, quality assurance staff at its Raven Software studio voted to unionize Monday, becoming the first union at a big studio in the U.S. The successful vote comes with talk of labor organizing picking up … Read more

Stocks Rise After Their Brush With a Bear Market

Stocks rose on Monday, making a positive start to the week after the S&P 500 briefly entered into bear market territory on Friday, a symbolic marker of investors’ pessimism about the health of the economy. The index still closed the week with its seventh consecutive decline, the longest losing streak since the dot-com crash. “We’ve … Read more

Stocks Start the Week Higher After Nearing Bear Market

U.S. stocks rose in Monday trading, led by the financial sector, as the S&P 500 pushed away from bear-market territory after flirting with such levels in a volatile trading session Friday. The broad-market benchmark was recently up about 1.5%. At one point Friday, the S&P 500 slid so far it was on track to close … Read more

Citi CEO Jane Fraser is convinced Europe will fall into a recession

Citigroup CEO Jane Fraser has told CNBC she is convinced Europe is headed into a recession. Speaking at the World Economic Forum Monday, Fraser said that a confluence of factors, including the war in Ukraine and resulting energy crisis, have left Europe vulnerable to a sizeable downturn even as other parts of the world show … Read more