The S&P 500’s ‘biggest risk’ is companies’ ‘debt refi wall’ as bond yields top 5% ...Middle East

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Good morning. On Fortune’s radar today:

Temu axes $1 billion army of fake Meta accounts. Companies face ‘debt refi wall’ as rates go over 5%. Markets: Bond market drama. Ominous signal: Air passenger numbers go into decline. Unemployment at three-year low. Should you put your nanny in charge of your VC fund? No. Obviously not.

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