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US President Trump: We will withdraw National Guard troops from Chicago, Los Angeles and Portland.According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending December 23, speculators reduced their net short positions in U.S. Treasury futures by 37,884 contracts to 8,742 contracts.According to the Syrian state news agency, a suicide bombing occurred in Aleppo, Syria, attacking a police patrol and killing one person and injuring several security personnel.January 1st - New York silver futures plunged 11.00% intraday, breaking below the $70 mark, reaching a low of $69.25 per ounce.On January 1, the U.S. Treasury Department announced that the Office of Foreign Assets Control (OFAC) had imposed sanctions on four companies operating in Venezuelas oil industry and designated four related oil tankers as blockaded property. Some of these vessels belong to a "shadow fleet" serving Venezuela, continuously providing financial resources to the Maduro regimes illicit drug-terrorism operations. The Maduro regime increasingly relies on a global "shadow fleet" to advance activities including evading sanctions and to generate revenue for its destabilizing actions. Todays action further demonstrates that parties involved in Venezuelan oil trade will continue to face significant sanctions. Treasury Secretary Bessenter stated, "President Trump has made it clear: we will not allow the illicit Maduro regime to profit from exporting oil while smuggling deadly drugs into the United States. The Treasury Department will continue to implement President Trumps pressure campaign against the Maduro regime."

Broadcom Is in Discussions to Acquire VMware

Aria Thomas

May 23, 2022 09:50

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People familiar with the subject told Reuters that chipmaker Broadcom (NASDAQ:AVGO) Inc is in talks to acquire cloud service provider VMware (NYSE:VMW) Inc.


According to the sources, negotiations between Broadcom and VMware are ongoing and a deal is not imminent. The terms of the proposed transaction could not be discovered.


The acquisition will diversify Broadcom's business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion acquisition of Symantec (NASDAQ:NLOK) Corp's security division over the past four years.


The deal was initially revealed by Bloomberg News on Sunday night. Broadcom and VMware did not reply immediately to requests for comment from Reuters. As of market closure on Friday, VMware had a market capitalization of $40.3 billion.


According to Refinitiv statistics, Michael Dell is VMware's largest investor with a 40 percent ownership as a result of Dell Technologies (NYSE:DELL) Inc spinning off VMWare to its shareholders last year.


Silver Lake, a private equity firm that has previously invested in Broadcom, is VMware's second largest stakeholder with a 10 percent stake, according to Refinitiv data.