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

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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 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.

This story was originally featured on Fortune.com

   

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