Julia Hermann of New York Life Management tells Vonnie that the current macro and market backdrop remains favorable: economic growth is resilient, and although rates are rising, they have not yet climbed enough to threaten the growth outlook. Addressing concern that remarks from Broadcom and Intel CEOs could signal a tech selloff, she says investor focus has shifted. After years of watching for a lower limit on company investment, markets are increasingly concerned that spending—first among hyperscalers and now in chips—could become so high that it threatens free cash flow. The segment’s on-screen headlines note a worldwide memory-chip stock tumble and an ongoing chip selloff as major-bank earnings begin. (Source: Bloomberg)
Key PointsThe wireless spectrum that SpaceX just acquired will enable it to start adding terrestrial wireless coverage to its Starlink satellite service.
Uzbekistan’s Tourism Entertainment Group became the country’s first company to list in the US as businesses from Central Asia’s second-largest economy are becoming increasingly popular among overseas investors, allowing them to raise money on international markets.
(RTTNews) - A favorable safety review has cleared the way for Entrada Therapeutics to begin testing its Duchenne muscular dystrophy candidate at the highest planned dose level in an ongoing early-stage clinical study.
(RTTNews) - Rakovina Therapeutics Inc. (RKV.V), a biopharmaceutical company developing cancer therapies through AI-powered drug discovery, announced an amendment and extension to its research services agreement with Variational AI, granting Rakovina exclusivity over the target pr
Key PointsThe release of the September inflation report today, Oct. 14, provided the final puzzle needed to calculate Social Security’s 2027 cost-of-living adjustment (COLA).
Key PointsThe release of the September inflation report today, Oct. 14, provided the final puzzle needed to calculate Social Security’s 2027 cost-of-living adjustment (COLA).