Editorial companion

What stands out

A Yahoo Finance panel asks whether stocks are "wearing noise-canceling headphones" as long-term Treasury yields trade near levels last seen in 2002, and then walks through concrete channels where higher rates could show up in earnings: profit margins, bank results, private credit stress, and the cost of AI projects. The discussion highlights data-center build delays, the risk that AI capital expenditure slows, and why rising yields make "AI debt" and private-credit exposure more important. The panel also flags industry-level stories such as Google’s nuclear power deal with Constellation and whether AI companies are becoming commoditized as prices rise.