Dow Surges Over 500 Points, Market Rebound Continues As Stocks Snap Seven Week Losing Streak

Topline Stocks finished higher on Friday—capping off a solid rally this week that saw markets rebound from more than seven consecutive weeks of losses, as recession fears continued to subside in light of positive economic data showing inflation moderated slightly last month. Stocks had their best week since November 2020. Richard Drew/ASSOCIATED PRESS Key Facts…

Broadcom Is Buying VMWare For $61 Billion

Getty Images Key takeaways Microchip manufacturer Broadcom has offered $61 billion to buy cloud computing and virtualization company VMWare The deal would see shareholders receiving cash consideration of $142.50 per share or a swap of 0.252 Broadcom stock per VMWare share The global microchip shortage has been a catalyst for Broadcom CEO Hock Tan to…