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Fortune

Jim Edwards

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

(Credit: Getty Images)

**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 .

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