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☆ Middle East Crisis Israeli Military Warns Thousands in Rafah to Evacuate
▼ + stars: | 2024-05-06 | by ( Vivek Shankar | ) www.nytimes.com time to read: +6 min

“We were very close, but Netanyahu’s narrow-mindedness aborted an agreement,” Mousa Abu Marzouk, a senior Hamas official, said in a phone interview. The Israeli official said that Israel had sought a written response to its latest proposal from Hamas before dispatching a delegation, but that the group never conveyed one. Mr. Abu Marzouk was the only one of the officials who spoke about the talks to allow the use of his name. Hamas, Mr. Abu Marzouk said, thought that Mr. Netanyahu wanted an agreement that would permit Israel to invade Rafah after its hostages are released. A report in Al-Qahera News, an Egyptian state-owned television channel, said that a Hamas delegation would return to Cairo on Tuesday, but the senior Hamas official said that the group hadn’t made a decision yet.

Persons: Israel, Benjamin Netanyahu, Netanyahu, Mousa Abu Marzouk, Biden, won’t, ”, Abu Marzouk, Mr, Bill Burns, Mohammed bin Abdulrahman, Peter Baker, Michael Crowley Organizations: Hamas, Sunday, Central Intelligence Agency, Qatari, Qahera Locations: Gaza, Israel, Cairo, Rafah, Kerem, United States, Mohammed bin Abdulrahman Al Thani, Doha, Al

Israeli warplanes pounded targets in the southern Gaza city of Rafah on Monday as the military told about 110,000 people sheltering there to evacuate. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah, despite stiff international pressure. A military spokesman would not say when troops might enter the crowded city, but described the evacuation as part of Israel’s plans to dismantle Hamas and to free hostages taken on Oct. 7. Hours after the evacuation order, the political leader of Hamas, Ismail Haniyeh, issued a statement that the group had accepted a new cease-fire proposal from Qatar and Egypt, which have acted as intermediaries in peace talks. The group and Israeli officials said it was not referring to the proposal that Israel recently agreed to, leaving the conflict unresolved.

Persons: Israel, Benjamin Netanyahu’s, “, Ismail Haniyeh Organizations: Hamas Locations: Gaza, Rafah, Qatar, Egypt, Israel

☆ Netanyahu Asserts Israel’s Right to Fight Its Enemies in Defiant Speech
▼ + stars: | 2024-05-06 | by ( Vivek Shankar | More About Vivek Shankar | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu of Israel on Sunday rejected international pressure to rein in its military campaign in Gaza and, speaking at a Holocaust memorial, asserted Israel’s right to fight its “genocidal enemies.”Nearly seven months into the war, Mr. Netanyahu has been steadfast in his goal of destroying Hamas. But Mr. Netanyahu has remained defiant. On Sunday, he spoke at Yad Vashem, Israel’s Holocaust memorial in Jerusalem, to mark the national Holocaust remembrance day. Hamas’s intention, Mr. Netanyahu said, was the same as that of the Nazis. In his speech, which lasted for about 15 minutes and was largely in Hebrew, Mr. Netanyahu rejected accusations that Israel was committing genocide in the Gaza Strip.

Persons: Benjamin Netanyahu, ”, Netanyahu, Netanyahu’s, —, Israel Organizations: Israel, Sunday, Yad Vashem Locations: Gaza, Rafah, Jerusalem, Israel

☆ Why economists who originally expected multiple deep rate cuts in 2024 now say a hike is possible
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

From deeps rate cuts to a potential rate hike in 2024, one firm has changed its forecast in a big way. Macquarie said the resilient economy means potential interest rate cuts won't happen until 2025. Assuming the central bank moves the federal funds rate down by 25 basis point increments, that would equate to nine interest rate cuts just this year. AdvertisementThat lack of economic weakness has led to a stark shift in interest rate forecasts, with even the Federal Reserve suggesting that its initial projections of three interest rate cuts this year could dwindle to one rate cut or even none. That could be a double whammy for a stock market that had been largely fixated on interest rate cuts this year.

Persons: Macquarie, —, David Doyle, Neil Shankar, Jerome Powell Organizations: Service, Macquarie, Federal Reserve, Fed, UBS

☆ Diplomats Head to Saudi Arabia for New Talks About War in Gaza
▼ + stars: | 2024-04-28 | by ( Vivek Shankar | ) www.nytimes.com time to read: +3 min

By Saturday, the heat had significantly eased and the forecast was for more moderate temperatures in coming days. Mr. Fayyad was displaced with his wife and only daughter from Khan Younis, where they lived and owned a pharmacy. Nearly two million Palestinians in Gaza were forced to flee their homes under Israeli bombardment and military evacuation orders. Parents across the Gaza Strip are relying on water to keep their children cool when it is already not easy to get. He added: “The tent, the heat wave, and the horror of this war are all a nightmare.

Persons: ”, Mohammed Fayyad, Fayyad, Julia, Mr, Khan Younis, Mohammed Abu Hatab, “, Abu Hatab Locations: Gaza, Al

☆ Palestinians Go on Strike in West Bank to Protest Deadly Raid
▼ + stars: | 2024-04-21 | by ( Vivek Shankar | Isabel Kershner | ) www.nytimes.com time to read: +3 min

Image Palestinians in front of closed shops on Sunday during a strike in Hebron, in the Israeli-occupied West Bank. Sunday’s strike “paralyzed all aspects of life” in the West Bank, according to the official Palestinian news agency, Wafa, with shops, schools, universities and banks shuttered. And violence in the West Bank has sharply escalated in recent months. Deadly violence against Palestinians by Israeli settlers in the West Bank has also reached record levels since Oct. 7. Later on Sunday morning, an Israeli man was slightly injured in an explosion in the West Bank, according to the Israeli emergency services.

Persons: Mussa Qawasma, ”, Nur Shams, Fatah Organizations: West Bank . Credit, West Bank, Sunday, West Bank —, Palestinian Ministry of Health, Palestinian Health Ministry, Palestinian, Palestinian Ministry, Palestinian Authority, United Locations: Hebron, Israel, Gaza, Nur, United States

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. The painting followed me from Amherst to my first job in New York, and on to London and Delhi. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. I’m especially moved by those first moments of validation by which an artist comes out to himself, as it were. It’s this, the inexorability of the correspondence between an artist and the world, that gives those first steps their magical quality.

Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, ”, Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, “, ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, ’, ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, —, Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, ”, Google, Sunday Times, Somerset, Yugoslavia, The, “, . Locations: Delhi, ”, Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, “, East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy

He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.

☆ Middle East Crisis Biden Rebukes Netanyahu Over Civilian Deaths but Reaffirms Support
▼ + stars: | 2024-03-10 | by ( Vivek Shankar | ) www.nytimes.com time to read: +3 min

President Biden has remained steadfast in his support of Israel, but has criticized Prime Minister Benjamin Netanyahu over the rising civilian death toll in Gaza. “In my view, he’s hurting Israel more than helping Israel,” Mr. Biden said, appearing to refer to Mr. Netanyahu’s military strategy. Mr. Biden did not offer details. In recent days, United Nations officials have warned that the enclave is close to famine. “I think it’s always possible,” Mr. Biden said.

Persons: Biden, Benjamin Netanyahu, “, ” Mr, Mr, Netanyahu, “ It’s, ”, Jonathan Capehart, Ashraf Al Organizations: Israel, MSNBC, “, United Nations Locations: Israel, Gaza, Rafah, States, United States

A day after President Biden asserted that Prime Minister Benjamin Netanyahu was “hurting Israel more than helping Israel,” Mr. Netanyahu dismissed that contention as “wrong,” escalating the leaders’ increasingly public dispute. Mr. Netanyahu, in an interview with Politico that was to be aired on Sunday night, challenged Mr. Biden’s assessment of Israel’s military strategy in the Gaza Strip, saying that his policies represented the “overwhelming majority” of Israelis. An excerpt from the interview was released by the prime minister’s office. The Israeli leader was responding to comments Mr. Biden made on Saturday in an interview with MSNBC that was also to be aired on Sunday night. Mr. Biden rebuked Mr. Netanyahu over the rising civilian death toll in Gaza, even as he reaffirmed American support for Israel.

Persons: Biden, Benjamin Netanyahu, ” Mr, Netanyahu, ’, “, Mr Organizations: Politico, MSNBC, Israel Locations: Israel, Gaza

☆ Nita Ambani is now the most powerful woman in Indian media
▼ + stars: | 2024-02-29 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —Just a few months ago, Nita Ambani stepped away from frontline business to focus on philanthropy. Now, the wife of Asia’s richest man is back with the biggest job in the ferociously competitive world of India media. Nita Ambani will not be steering the media giant alone. Nita Ambani first stepped into the business limelight 10 years ago, becoming the first woman director on the board of Reliance Industries. With her new job title, Nita Ambani has become the most powerful woman in Indian media and entertainment sector, which is worth over $25 billion and growing rapidly.

Persons: New Delhi CNN —, Nita Ambani, Mukesh Ambani, Uday Shankar, “, ”, Ambani’s, Nita Mukesh Ambani, Bikas Das, —, Isha, Anant, Akash —, Akash, ” Nita Ambani, National Stock Exchange —, EY, Mihir Shah Organizations: New, New Delhi CNN, Disney’s, Reliance Industries, Disney’s Asia, Disney, Reliance Foundation, Indian Premier League, IPL, Reliance, Music, International Olympic Committee, Metropolitan Museum of Art, National Stock Exchange, Media Partners, Netflix Locations: New Delhi, India, Mumbai, Disney India, New York, Viacom18

☆ Disney and Reliance to merge media businesses in India in $8.5 billion joint venture
▼ + stars: | 2024-02-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: 1 min

Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly-created Star India joint venture, valued at roughly $ 8.5 billion on a post-money basis, excluding synergies. Following the completion of the transaction, Reliance, led by Asia's richest man Mukesh Ambani, will control the JV and inject $1.4 billion into its growth strategy. The ownership structure will comprise of a 16.38% interest for Reliance, 46.82% for Ambani's Viacom18 and 36.84% for Disney. Ambani's wife, Nita Ambani will chair the joint venture, while Viacom18 board member Uday Shankar will serve as vice chairperson.

Persons: Walt Disney, Mukesh Ambani, Ambani's, Nita Ambani, Uday Shankar Organizations: Reliance, Star India, Asia's, JV, Disney Locations: U.S

☆ Leaked memo: Broadcom leaders address KKR's plans to acquire VMware's End-User Computing unit for $4 billion
▼ + stars: | 2024-02-26 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +8 min

KKR announced on Monday that it entered into a definitive agreement to acquire the End-User Computing division from Broadcom for about $4 billion. Broadcom acquired VMware in November, and it had been reviewing strategic alternatives for EUC, BI previously reported. In addition, he said employees should help customers complete their renewals as many customers have expired renewals. Prior to the acquisition by Broadcom, VMware employees had already been speculating the EUC business, as well as the Carbon Black cybersecurity business, would be spun out, BI previously reported. Help customers complete their renewals and add on orders.

Persons: EUC, Shankar Iyer, Iyer, Robert Ruelas, Ruelas, Shankar Organizations: Broadcom, VMware, KKR, Business Insider, Reuters, Business, Iyer, EUC, Revenue Locations: Vegas

☆ Israel-Hamas War and Middle East Crisis News: Live Updates
▼ + stars: | 2024-02-04 | by ( Vivek Shankar | ) www.nytimes.com time to read: +5 min

Speaker Mike Johnson has said that the Senate package would be dead on arrival in the House. Mr. Johnson’s announcement to members of his conference came as senators were scrambling to finalize and vote on a bipartisan national security bill that has taken months to negotiate. attempt to force a vote on an earlier Israel aid bill that was backed by the House. But it does not include any funding for humanitarian assistance to Palestinian civilians in Gaza, which many Democrats have insisted must accompany any military aid for Israel. The $17.6 billion House measure would direct $4 billion to replenishing Israel’s missile defense systems known as Iron Dome and David’s Sling, as well as $1.2 billion to counter short-range rocket and mortar attacks.

Persons: Mike Johnson, Johnson, Donald J, Trump, Alejandro N, —, ” Mr, Chuck Schumer, ”, House appropriators, Biden Organizations: Louisiana Republican, Republicans, Democratic, House, Internal Revenue Service, Israel Locations: Israel, Ukraine, Louisiana, Mexico, Gaza, New York, United States

The United States launched scores of strikes across the Middle East over the weekend as Secretary of State Antony J. Blinken set out for the region to push forward negotiations to secure the release of Israelis still held hostage in Gaza and get more humanitarian aid into the battered enclave. The latest strike came Sunday in Yemen, where the U.S. military said it had destroyed an anti-ship cruise missile that belonged to Houthi militants and posed “an imminent threat to U.S. Navy ships and merchant vessels in the region.”It was the third American military action against Iranian-backed militias in as many days: The United States led strikes on Saturday against 36 Houthi targets in northern Yemen, and on Friday carried out airstrikes on more than 85 targets in Syria and Iraq. American officials insist that the strikes have been carefully calibrated to avoid setting off an open confrontation with Iran and say that they have degraded the ability of the militias to attack U.S. forces.

Persons: Antony J, Blinken Organizations: United, U.S . Navy Locations: United States, East, Gaza, Yemen, Syria, Iraq, Iran, U.S

☆ Drone Strike Kills 3 U.S. Soldiers in Jordan, White House Says
▼ + stars: | 2024-01-28 | by ( Vivek Shankar | ) www.nytimes.com time to read: +4 min

The attack happened at a small outpost in northeast Jordan called Tower 22 near the Syria border where the troops were based. Other details were not immediately available from the Pentagon’s Central Command, which issued an initial bare-bones statement on Sunday. In 2016, the American military turned Al Tanf into a small base. The Rukban refugee camp, with some 8,000 residents, is near both Al Tanf and Tower 22. Troops at Al Tanf have come under fire before from Iran-backed militias.

Persons: Biden, —, Mr, Al, Al Tanf, Syria’s, Alissa J, Rubin Organizations: U.S, Pentagon’s, Command, Resistance, Hezbollah, United, Operations, Pentagon, Navy, Sunday, American, Troops, The Defense Department, Al Asad, Al Asad Air Base Locations: Jordan, Iran, Gaza, Syria, Israel, Iraq, ”, Iranian, Lebanese, Yemen, Aden, United States, Azraq, Al Tanf, Islamic State, Red, U.S, Baghdad, Damascus, Tehran, Lebanon, Al, Al Asad Air

☆ U.N. Pleads for Aid to Not Be Cut to Palestinians: Israel-Hamas War Live Updates
▼ + stars: | 2024-01-28 | by ( Vivek Shankar | ) www.nytimes.com time to read: +6 min

The allegation, made by Israel, is a serious blow to the reputation of the United Nations Relief and Works Agency for Palestine Refugees, generally known as UNRWA. The agency looms especially large in Gaza, where most of the population of more than two million people are registered as refugees. “Behind the scenes Israel has often favored UNRWA’s work,” said Anne Irfan, an expert on Palestinian refugee rights at University College London. Many settled in refugee camps that the agency helped create, which have since become built-up, mostly impoverished urban areas. Palestinians are the only refugee group whose support is not handled under the global mandate of the Office of the United Nations High Commissioner for Refugees.

Persons: Here’s, —, “, ” Hector Sharp, Benjamin Netanyahu, ”, Ahron Bregman, Israel, Anne Irfan, Megan Specia, Ben Hubbard Organizations: United Nations Relief, Works Agency for Palestine Refugees, Israel, United Nations, UNRWA, West Bank, Palestinian Authority, Department, King’s College London, University College London, Refugees, European Union Locations: Rafah, Gaza, Israel, United States, Jordan, Lebanon, Syria

☆ ‘In the Know’ Review: This American Narcissist
▼ + stars: | 2024-01-24 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +3 min

Within that sphere we’re treated to a voice performance by Woods that is a small, hilarious, somewhat dismaying tour de force. Lauren doesn’t bother to keep a lid on his simmering contempt, he just recodes it as a stream of virtue-signaling cant. But on balance their subplots are just a distraction from the endless permutations of Lauren’s perpetual ego trip. (It’s less able to afford the dull stretches that start to crop up in later episodes.) But all things considered, “In the Know” is pretty funny.

Persons: Kaia Gerber, Ken Burns, Mike Tyson, Tegan, Sara —, Woods, Gabe Lewis, Lauren doesn’t, Jonathan Van Ness, Van Ness, Jennifer Lopez, “, Norah Jones, James Earl Jones, Indiana Jones, Ravi Shankar, Lauren’s, Fabian, Caitlin Reilly, who’s, Sandy, Charlie Bushnell, Barb, Smith, Cameron, Carl, Carl Tart Organizations: ” Locations: Indian, Silicon

Iranian-backed Houthi militants in Yemen have launched a fresh round of attacks in shipping lanes critical for global trade, damaging a U.S.-owned commercial ship on Monday after attempting to hit an American warship the day before. The strikes came just days after the U.S. and British militaries unleashed a powerful barrage on militant sites in Yemen, and the Houthi response made clear how difficult it might prove to remove the threat posed to shipping in and around the Red Sea. U.S. forces are bracing for a much larger retaliatory attacks from the Houthis, who began targeting ships after the war in the Gaza Strip began and are preparing escalating responses, senior U.S. military officials said. After the United States and Britain hit more than 60 Houthi targets last week with more than 150 precision-guided munitions, U.S. officials said the militants still retained about three-quarters of their ability to fire missiles and drones at ships transiting the Red Sea. Many of their weapons systems are on mobile platforms and can be readily moved or hidden, the officials said.

Organizations: U.S Locations: Yemen, U.S, American, Sea . U.S, Gaza, United States, Britain

☆ Israel-Hamas War U.S. Says It Shot Down Houthi Missile Aimed at Navy Ship
▼ + stars: | 2024-01-15 | by ( Vivek Shankar | ) www.nytimes.com time to read: +10 min

They were photographed during an escorted tour with the Israeli military. Image More than 23,000 Palestinians in Gaza have been killed since the war began, according to Gazan health officials. Image Houthi fighters at a protest in Sana, Yemen, on Sunday against U.S.-led airstrikes targeting Houthi military sites. “Nothing’s fair in Gaza,” Mr. Sindawi said in a text message. Although the Israeli military has said it is scaling back its operations in the north, its forces continue to clash with Hamas fighters there.

Persons: Benjamin Netanyahu, Israel, ”, Netanyahu, ” Mr, Israel ”, Fatima Shbair, Mr, Khaled Abdullah, Hassan Nasrallah, “, ” Philippe Lazzarini, Rajab al, Sindawi, Gabi Siboni, Siboni, Fuad Khuffash, Khuffash, hasn’t, Hamas’s, Herzi Halevi, Marco Longari, Jonathan Dekel, Chen, Sagui, Hwaida Saad, Ameera Harouda, Roni Caryn Rabin, Gabby Sobelman, Myra Noveck, Matthew Mpoke Bigg Organizations: Hamas, Credit, United Nations ’, United, Sunday, U.S, Reuters, United Nations, ., Agence France, Jerusalem Institute for Strategy, Security, West Bank, Protesters, Gaza Locations: Gaza, United States, Israel, Hague, South Africa, Iran, Lebanon, Yemen, Red, Sana, Gaza City, Tel, Rafah, Egypt, Nablus, Tel Aviv, Gaza . Credit, American, London , Washington , New York, London, ”, Washington, U.S

☆ Crypto stocks surge as bitcoin hits fresh 2023 high
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

"What we have right now is a risk rally, and bitcoin is also benefiting big time from falling yields. Halving is a process designed to slow the release of bitcoin, and bitcoin prices have typically rallied following halvings. The stock rose nearly 62% in November, even as the crypto exchange reported a decline in third-quarter trading volumes. The ProShares Bitcoin Strategy ETF , which tracks bitcoin futures, rose 7.7% and looked set to touch an over one-year high, while the ProShares Short Bitcoin Strategy ETF that allows traders to bet on a fall in bitcoin futures fell 7.7%. However, the recent rally has sent bitcoin up more than 150% so far in 2023, on course for its best annual performance since 2020.

Persons: Dado Ruvic, Bitcoin, Ipek Ozkardeskaya, Microstrategy, Sruthi Shankar, Amruta, Tasim Zahid Organizations: REUTERS, Swissquote Bank, Thomson Locations: U.S, Bengaluru

☆ Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Meanwhile, shares of PDD Holdings (PDD.O) have surged this week following stellar quarterly results from the Temu parent. The company closed with a market capitalization of nearly $196 billion on Thursday, surpassing Alibaba's market value of $190.45 billion. They also noted uncertainties from Alibaba's decision to scrap the spin-off of its cloud business. Morgan Stanley cut its price target on the stock to $90 from $110, the second lowest among analysts, as per LSEG data. PDD shares were down 2.1% at $144.4 but have surged almost 80% in 2023, handily outperforming its peers.

Persons: Dado Ruvic, Morgan Stanley, PDD, Alibaba, Morgan Stanley's Eddy Wang, Sruthi Shankar, Sriraj Organizations: REUTERS, Alibaba, PDD Holdings, Wall, Vipshop Holdings, Thomson Locations: China, Alibaba's, Bengaluru

☆ Uncertain 2024 makes US companies refinance debt sooner, not later
▼ + stars: | 2023-11-30 | by ( Matt Tracy | ) www.reuters.com time to read: +3 min

Doubts that debt issuance conditions will be as strong in 2024 as they are now, with markets still divided on the direction of interest rates and the economy, have also driven the interest in doing deals now. Credit spreads are underpricing recession risk, said Nate Thooft, senior portfolio manager for Manulife Investment Management. Even if companies waited for rate cuts in 2024, declines in all-in funding costs may not necessarily follow, as credit spreads could then widen, said Amol Dhargalkar, managing partner at Chatham Financial. But Natalie Trevithick, head of investment grade credit strategy at Payden & Rygel, said economic data was too strong for cuts. Some $770 billion of investment-grade rated bonds mature in 2024 and over $900 billion in both 2025 and 2026, according to data by Morgan Stanley (MS.N).

Persons: Joshua Roberts, Maureen O'Connor, Edward Marrinan, Nate Thooft, Amol Dhargalkar, Natalie Trevithick, Morgan Stanley, Steven Oh, Matt Tracy, Shankar Ramakrishnan, Davide Barbuscia, Barbara Lewis Organizations: Federal Reserve, REUTERS, ICE, BMO Capital Markets, Investment, Informa Global, Treasury, Federal, Nikko Securities America, Manulife Investment Management, Chatham Financial, Deutsche Bank, PineBridge Investments, Thomson Locations: Washington , U.S, Wells, U.S

☆ Leaked email: Broadcom CEO says the company is reviewing 'strategic alternatives' for two of VMware's businesses
▼ + stars: | 2023-11-29 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.

Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, •, Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, •, Security, Strategic, Corporate, Asia Pacific, Services

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