font size Oracle expects its cloud business to grow at least 30% in the next fiscal year. David Paul Morris/Bloomberg Amidst this diabolical brew of price hikes, high inflation and recession fears, the tech sector offers Few hiding places for investors. The market is dumping the high-growth, nonprofit software stocks that have propelled the sector … Read more
Meta Platforms Inc. has taken Another subtle step toward reinventing it when it changed its stock ticker symbol this week to “META” from “FB”. The parent company of Facebook META, -3.76% It has spent the past few months shifting investors’ focus to its long-term strategy, particularly its push into the metaverse, a bloated network of … Read more
font size Portable version of the VMware web page on the smartphone. Yuri Cherenkov / Dreamstime.com from Broadcom On Thursday, it said it had reached an agreement to buy a cloud computing company VMware for about $61 billion. If completed, the acquisition would be one of the largest of the year to date, beating Elon … Read more
Cash is king now. The latest evidence: the market’s embrace of dividend-paying stocks compared to other long-time favorites, companies that do buybacks. Investors Rush to companies that promise regular payments To shareholders, a sign of Wall Street’s thirst for cash as the Federal Reserve raises interest rates and major stock indices struggle. The S&P 500 … Read more
