Walmart Plunges and NXP Semi Gets a Boost

February 20, 2018
Updated 4mo ago

Shares of Walmart plunged after the mega-retailer said earnings in the holiday quarter were lower than expected. Online sales growth also slowed to just 23%, down from 50% in the previous quarter.

Meanwhile, NXP Semiconductors saw shares jump on news that Qualcomm was raising its offer for the rival chipmaker. The American semi-manufacturer is now willing to pay $44 billion for the company, as it tries to fend off a hostile takeover bid from Broadcom.

And we check in on shares of Fox on news that the company will start its own streaming service "Fox Nation," aimed at so-called "superfans." This comes as the network is seeing record high ratings.