Bloomberg Businessweek Stocks Fall as US Services Flash Warning Signals
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Aug 5, 2025 Kate Clark, a Bloomberg News tech and venture capital reporter, discusses the latest trends in startup acquisitions and the evolving environment for tech firms. Rick Smith, founder and CEO of Axon, shares insights on transforming policing technology, emphasizing innovations like AI and virtual reality to enhance public safety. They tackle the challenges in the chip industry amidst tariffs and export restrictions, and explore the broader implications of economic pressures on the services sector and venture capital dynamics.
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10-Year Treasury Yield Outlook
- The U.S. 10-year Treasury yield is expected to stay range-bound near 4-4.5% due to economic slowdown signals. - Recession fears, even if small, keep yields from rising above 5%.
Bond Market Strategy
- Prefer short-term bonds and explore less trafficked corporate debt for income. - Target rising stars and idiosyncratic high yield names over passive index plays.
Tariff Impacts on Corporates
- Tariffs at 15-16% create an unusual operating environment with varied company impacts. - Corporations have strong debt coverage and face low default risk despite tighter credit spreads.