VMware Extends Deadline for Takeover by Broadcom in Face of Scrutiny
VMware Inc. has agreed to extend the deadline for its takeover by Broadcom Inc. as the $61 billion deal faces regulatory scrutiny.
Bloomberg Business
No Talk of Moon Shots at This Year’s Bitcoin Bash in Miami
It turns out that the Bitcoin faithful still like to party even after the annus horribilis that shook the digital-asset world in 2022. They’re just a little more subdued this year.
US Airman Accused of Leaking Pentagon Secrets Loses Bid for Bail
The Air National Guardsman charged with the most damaging intelligence disclosures in a decade lost his bid for bail in a case that a federal magistrate judge said “smacks of a spy novel” and the 21-year-old will remain jailed while he awaits trial.
Mark Zuckerberg’s Fortune Grew $44 Billion This Year, Most Among Billionaires
Mark Zuckerberg was all-in on the metaverse last year, willing to spend whatever it took to dominate virtual reality.
US Bank Deposits Fall for a Third Week While Lending Stays Little Changed
US bank deposits fell for a third week to the lowest level in nearly two years, extending a yearlong slide as customers continue seeking higher returns in money-market funds. Lending was little changed.
Ramaphosa Abandoned by Key Support Base Over South Africa Policy Missteps
South African President Cyril Ramaphosa has lost the confidence of a key constituency.
Stocks Waver as Traders Weigh Debt Talks, Fed Path: Markets Wrap
Traders pared bets on a Federal Reserve rate hike in June to 25% as Jerome Powell signaled a pause. Stocks fell amid a slide in banks and concern US lawmakers are struggling to reach a deal to prevent a default.
The Super Rich Are Getting Pickier at Art Auctions
Don’t call it a crash, because it’s not.
California’s Newsom Says State Needs Infrastructure Boom Bigger Than Any in Decades
California Governor Gavin Newsom unveiled legislation Friday to speed up construction of power lines, water works, bridges and other big infrastructure projects in a place notorious for delays, saying the state needed a building boom larger than any since the 1960s.
Donald Trump Sets Impossible Bar for Kevin McCarthy in Debt-Limit Talks
Former President Donald Trump set an impossible bar for House Speaker Kevin McCarthy in debt-limit negotiations with the White House in a post on his Truth Social network.
