The Trillion-dollar Interest Bill Nobody Votes On

The AI bull market is running headfirst into a wall of corporate debt, with credit stress signals flashing in some of the sector's biggest names. We explore how rising borrowing costs and ballooning debt loads could unwind the AI trade faster than most investors expect. Today's Stocks & Topics: The Goldman Sachs Group, Inc. (GS), Sterling Infrastructure, Inc. (STRL), Market Wrap, Lennar Corporation (LEN), Credit Stress in the AI Boom: When Debt Becomes the Market's Achilles Heel, 401(k) Rollover, Unum Group (UNM), Tempus AI, Inc. (TEM), Raymond James Financial, Inc. (RJF), Amcor plc (AMCR), Healthcare Premiums.

After years of outperformance, AI infrastructure stocks — the so-called picks-and-shovels plays — are getting hit hard as the trade reverses in markets from Asia to the US. We dig into whether this is a healthy correction or the start of a broader reckoning for AI-linked investments. Today's Stocks & Topics: PayPal Holdings, Inc. (PYPL), Market Wrap, Vistra Corp. (VST), Is the AI Trade Reversal Just Beginning? What the Picks-and-Shovels Selloff Really Means, Cash-Secure Puts, Vanguard Health Care ETF (VHT), McKesson Corporation (MCK), Myths about Private Credit, Sprouts Farmers Market, Inc. (SFM).

Schwab is rolling out a new tax-aware investment strategy designed to attract billions from high-net-worth investors by minimizing the drag of capital gains taxes on long-term wealth building. We break down what these strategies actually are, whether they work, and how everyday investors can apply the same principles to their own portfolios. Today's Stocks & Topics: Prologis, Inc. (PLD), Market Wrap, Short Interest, Treasury Department vs. Bank of America, DXP Enterprises, Inc. (DXPE), Tax Loss Harvesting Explained: How Wealthy Investors Cut Tax Bills (And How You Can Too), State Street Energy Select Sector SPDR ETF (XLE), Vanguard Energy ETF (VDE), Centrus Energy Corp. (LEU), Idaho Strategic Resources, Inc. (IDR), Paying Taxes with Credit Card New Rule.

Verizon stock suffered its worst single day since 2002 after reports of SpaceX planning a U.S. wireless network sent shockwaves through the entire telecom sector. When a disruptive space-based competitor threatens the core business model of trillion-dollar incumbents, the structural implications for telecommunications investing are enormous. Today's Stocks & Topics: Celanese Corporation (CE), Market Wrap, Curtiss-Wright Corporation (CW), The Survey of Consumer Finances (SCF), PepsiCo, Inc. (PEP), SpaceX Wireless Network vs. Verizon and AT&T: What Satellite Competition Means for Telecom Investors, Take-Two Interactive Software, Inc. (TTWO), Palladium, Global X Uranium ETF (URA), VanEck Gold Miners ETF (GDX), Global X Copper Miners ETF (COPX), Red Cat Holdings, Inc. (RCAT), National Credit Union Administration (NCUA).

The Supreme Court is hearing a major case involving Intel's 401(k) plan and the inclusion of private funds, with the justices' questions suggesting a potentially landmark ruling on what fiduciaries owe retirement savers. The outcome could reshape how millions of Americans' retirement assets are managed and what investment options they can access. Today's Stocks & Topics: GE Aerospace (GE), Market Wrap, Las Vegas Sands Corp. (LVS), Gold, ROTH Conversion, Supreme Court Takes on Your 401(k): The Intel Private Funds Case Explained, Fidelity’s Fully Paid Lending Program, Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Philip Morris International Inc. (PM), Gentherm Incorporated (THRM).