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      Resilient Growth Cushions Tech Amid Rising Rates

      Julia Herrmann 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)

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud