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CNN may be best known for breaking news, but it’s also built a prolific documentary unit, producing 150+ seasons of original series plus award-winning films and shorts.

The South Carolina senator’s office said the 71-year-old died after a “brief and sudden illness.”

Oil prices rose and U.S. stock-index futures slipped on Sunday, after the U.S. and Iran continued their tit-for-tat attacks around the Strait of Hormuz over the weekend.

Wall Street has spent most of 2026 losing patience with Mattel (MAT), and Goldman Sachs just made that clear.The firm downgraded the toy giant to its lowest rating and set a price target below where the stock currently trades. For the company behind Barbie and Hot Wheels, this is a tough verdict.The call lands at a noteworthy moment. Mattel shares are already trading close to their weakest level in years.Therefore, a fresh warning from Goldman Sachs carries more weight for anyone still holding the stock.What Goldman Sachs said in its Mattel downgradeOn July 9, Goldman Sachs cut Mattel to sellfromneutral and lowered its 12-month price target to $12 from $15, Investing.com reported.A sell rating from a bank of Goldman’s size is rare, and it tells investors the firm sees more room to fall than to rise from here.Analyst Stephen Laszczyk called Mattel a hard company to run over the next six to 12 months, with more moving parts than most.

Mattel’s core brands still sell, but Wall Street wants proof that its newer bets can pay off.JHVEPhoto / Getty Images

Why Goldman soured on MattelThe change in rating did not come abruptly. Goldman’s view of Mattel has cooled in stages all year.The bank held a buy rating with a $21 target into early 2026, then Goldman downgraded the stock to neutral in January, Investing.com reported. Goldman warned that tariffs and softer toy demand could weigh on results.Three problems Goldman flaggedWeak payoff from media bets. The muted response to Mattel’s Masters of the Universe content and its companion video game raised doubts about the return on its entertainment push.Hard-to-execute new ventures. Goldman is skeptical Mattel can smoothly scale trading cards, high-end collectibles, and digital games all at once.Costly market defense. A shaky consumer backdrop and aggressive pricing across the toy industry make it more expensive to protect market share.Goldman also reset how it values the stock, moving to 8 times its 2027 earnings estimate from 10 times, Barron’s noted.That shift matters. Goldman is now pricing Mattel like a slow-growth consumer products company rather than a premium entertainment name.This limits how much investors may be willing to pay.How Mattel stock is holding up against the pressureMattel shares slipped about 1.7% in premarket trading after the note, adding to a decline of 35% to 39% over the past six months.The stock now hovers near $13, just above a 52-week low of $12.73, so Goldman’s $12 target implies only a single-digit additional decrease from here.Related: Netflix has a stunning milestone in sight for 2027There is a real tension surrounding the situation. Mattel actually beat expectations in the first quarter, posting revenue of about $862 million against forecasts near $809 million, Yahoo Finance reported.Q1 sales rose about 4%, led by vehicles and newer categories, though tariffs and currency cut into margins. However, Goldman’s concern is less about current sales and more about whether thenext phase of growth shows up on time.Activist pressure adds another layer for Mattel investorsGoldman is not the only party pushing Mattel. Southeastern Asset Management has argued that the company would be better off sold to a private equity firm, rival, or media company, according to Reuters.More Retail Stocks:Hasbro just made a bold move with a beloved classicBank of America lifts target on viral appliance stock after Prime Day173-year-old denim giant sees one fashion trend surge 70 percentFor investors, that leaves two competing views. Goldman sees a company that could stumble. Southeastern sees one worth buying. Either way, the second half of 2026 is when Mattel has to show which side is right.What would have to change for Mattel stock to recoverGoldman did not rule out a turnaround. It named clear signs that could bring Mattel back to a more positive view.Three things Goldman wants to seeBarbie getting back on track, with the flagship brand returning to steady, predictable revenue growth.Real proof points, meaning hard financial evidence that its investments in new categories are working.Stronger content revenue, with television and film licensing deals delivering more than expected.This also serves as a watchlist for investors.If Mattel’s next few quarters show Barbie growing steadily and its new bets paying off, the bearish case weakens. If not, Goldman’s caution looks well placed.None of this is a recommendation to buy or sell. Stocks at multi-year lows can still drop or suddenly bounce, so investors should trade based on risk tolerance.Related: Paramount’s Warner deal has a new $650 million problem

A quiet transformation is happening inside America’s largest corporations. And actually, most people have no idea it is occurring. The pension funds and 401(k) plans covering millions of American workers are increasingly being handed over to Wall Street’s elite firms to manage. Why? It’s like the companies sponsoring those plans no longer believe they can do it themselves.The trend is now impossible to ignore. Goldman SachsGS) confirmed July 9 that it had won mandates to manage a combined $70 billion in retirement assets for two of America’s most iconic companies: Verizon Communications Inc. (VZ) and Lockheed Martin Corporation (LMT).The deal includes approximately $30 billion in pension assets for both companies and approximately $40 billion in Verizon’s defined-contribution retirement assets, typically 401(k) plans, according to Goldman.No, it is not routine portfolio management. It is one of the largest corporate investment outsourcing wins in recent history, and it tells you something important about where the entire asset management industry is heading.Goldman Sachs GS) confirmed the announcement on July 9. The firm’s outsourced chief investment officer (OCIO) business manages approximately $480 billion in assets as of March 31, according to company disclosures.Also Read: Goldman Sachs: The History Behind Wall Street’s Most Influential Investment BankWhy America’s biggest employers are handing their retirement plans to GoldmanThe forces driving corporate America toward outsourced investment management are structural, not cyclical.Corporate pension portfolios have become genuinely difficult to manage internally. Alternative assets, which include private equity, private credit, and infrastructure, have grown from roughly 5% of institutional portfolios to 30-50% in many cases, according to the April 2026 Praxis Rock report.Also Read: Goldman Sachs Group Inc. (The) Latest News and StoriesA typical corporate benefits team may have just a handful of internal staff. That lean team simply cannot source private equity deal flow, track capital calls, monitor complex distribution waterfalls, or even conduct meaningful due diligence across dozens of alternative managers simultaneously.The second pressure is what Goldman has described as a “financial vortex” in its own 2025 Retirement Survey and Insights Report. Some worker groups facing competing financial priorities, including housing, debt, and caregiving, are demanding increasingly sophisticated retirement options. More Goldman Sachs:Goldman Sachs issues major prediction for US housing marketSchwab, Goldman Sachs snag big banking honorGoldman Sachs spots a troubling big tech trendPersonalized managed accounts, lifetime income solutions, and digital investment strategies are no longer niche products. They are what employees expect.The third driver is operational speed. Traditional pension consulting works on a “consultant advises, committee decides” model that can slow significant portfolio adjustments by months. Under the OCIO model that Goldman operates, the firm takes full discretionary control over manager selection, asset reallocation, and risk oversight. Corporate sponsors get a single accountable partner and faster execution.”Large plan sponsors are consolidating responsibilities with one partner with the investment expertise and depth of platform to manage their bespoke needs,” said Marc Nachmann, Goldman’s global head of asset and wealth management, in the announcement.The context behind Verizon and Lockheed MartinNeither of these companies came to Goldman without a history. In a report by RGA, Verizon executed a massive pension risk transfer in 2024, offloading $5.9 billion in plan liabilities for 56,000 retirees to RGA Reinsurance and Prudential. The Goldman OCIO mandate is the next phase of that multi-year strategy to reduce internal retirement management burden while protecting funded status gains.Related: Lockheed Martin seals $3.5B deal amid global defense spending spreeLockheed Martin has been one of the most active corporate pension de-riskers in the country. Back in 2018, we saw an $800 million transfer to Athene covering approximately 9,000 retirees, according to Athene.Lockheed executed a $4.9 billion transfer in 2021 and an additional $4.3 billion transfer in 2022, collectively shifting tens of thousands of beneficiaries to insurance company annuity coverage, Lockheed reported.Moving investment management to Goldman represents the logical next step in the same framework: reduce complexity, transfer risk, and focus internal resources elsewhere.

Goldman Sachs’ Asset and Wealth Management division generated $16.68 billion in full-year 2025 net revenues. The division currently oversees approximately $3.7 trillion in total assets.Paul Yeung/Bloomberg via Getty Images

Why Goldman wants this business, the revenue strategy behind the mandateMy read of the Goldman strategy here is this. The firm’s financial disclosures also make it explicit.Goldman’s Asset and Wealth Management division generated $16.68 billion in full-year 2025 net revenues, including a record $11.54 billion in management and other fees, according to the 2025 Annual Report. Related: Goldman Sachs doubles down on Applied Materials stock targetThat fee revenue has grown at a 12% compound annual growth rate since 2021. The division oversees approximately $3.7 trillion in total assets, according to Goldman Sachs.The attraction of OCIO mandates is the revenue profile. Long-term institutional mandates generate steady, recurring fee income that does not fluctuate with trading volumes or deal flow. Goldman’s trading and investment banking revenues are inherently volatile. Growing the fee-based asset management business creates a structural buffer against those swings.In Q1 2026 alone, Goldman reported $62 billion in long-term fee-based net inflows, marking the firm’s 33rd consecutive quarter of positive long-term inflows, according to the Q1 earnings presentation. Net revenues in Asset & Wealth Management were $4.08 billion in Q1, up 10% year over year, with management and other fees reaching $3.08 billion, according to the Q1F26 report.Now, do I think Goldman Sachs can sustain the momentum of securing massive mandates like the $70 billion Verizon and Lockheed? Of course, yes. It’s clearly evident that the mandate is layered onto a business already managing $480 billion in OCIO assets.Related: Vanguard sends urgent warning on major 401(k) growing problem

The South Carolina senator’s office said the 71-year-old died after a “brief and sudden illness.”

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TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.More often than we’d probably all like to admit, the garage ends up being a dumping ground for everything that we simply don’t have room for in the house. It seems to collect junk more than other parts of the home because, frankly, it doesn’t get many guests. Out of sight, out of mind, as the saying goes. No matter how hard we might try, most of us end up piling up items in the garage with full intentions to deal with them later. Unfortunately, later usually never comes, and we’re left with piles of ephemera strewn about the garage with nowhere to go. Of course, there’s always an outdoor storage shed as a possibility. While that’s certainly a viable option for some, not everyone has this opportunity. Those without a spacious yard or with strict HOA rules concerning external structures simply can’t have a storage shed on their premises. That means they either have to keep everything they’re storing within the walls of their home, or move it to another location off-property. This situation sometimes leads people to rent an off-site storage unit. In fact, this seems to be the answer for millions of people every year. However, with prices rising on everything from gasoline to housing, storage rent is not immune to this trend. In fact, off-site storage unit rents have increased by 4% over the past five years, and that doesn’t seem to be slowing down any time soon. That’s why taking your junk on the road is not necessarily a good answer to your clutter either. However, continuing to allow your things to pile up in the garage is no way to live. According to many studies, clutter breeds anxiety, forgetfulness, and even depression in some cases. It creates a constant stream of sensory overload in your brain, overwhelming you and creating a sense of mental fatigue that doesn’t dissipate just because you leave the room. Nevertheless, if you have a garage or other open floorspace where you can begin to itemize and organize your things, then you won’t have to suffer those negative consequences anymore. For many of us, it’s not about a lack of space; it’s about the inability to organize that space that causes problems. Thankfully, Walmart has one option that we think could offer the silver bullet, and it’s available at an incredibly low price at the moment.Workpro Metal Garage Storage Cabinet

Courtesy of Walmart

Check price at WalmartThe Workpro Metal Garage Storage Cabinet is the ideal way to start the process of finally organizing your garage. Storage cabinets like this offer a great solution for your disorganized garage. Made from sturdy rolled stainless steel, the cabinet is corrosion resistant and fully rustproof. It’s ideal for keeping in a garage where humidity and other moisture sources could damage wood or other lesser materials over time. It’s also got adjustable shelves to make organizing quick and easy. The doors can be locked in order to keep them secure at all times as well, giving you even more peace of mind. The cabinet measures 31.5 inches long by 15.75 inches wide by 71 inches high, making it large enough to fit plenty of items big and small. It’s relatively shallow though, so you can fit it against a wall without having it take up too much floor space. While intended for a garage, its sleek modern design would fit in almost anywhere, including a modern kitchen or home office. More garage storage optionsIf the Workpro Metal Garage Storage Cabinet isn’t the solution to all of your garage storage problems, then there are lots of other storage tools on the market. We found some at Walmart and Amazon that would make great partners to the aforementioned cabinet, and we’ve listed them here.Reibii Adjustable Storage Shelves

Courtesy of Walmart

Check price at WalmartWorkpro 5-Drawer Rolling Tool Chest

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Check price at WalmartNovolume Extra Large Garage Storage Shelves

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Check price at WalmartDuramax Rolling Sports Storage Rack

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Check price at AmazonFleximounts Overhead Storage Racks

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Check price at AmazonTheStreet Shopping is your guide for shopping insights and advice. We look beyond the price tag to find the best value in home, tech, and wellness gear based on product features and real-world use. Read more about our Editorial Standards and How We Choose Our Shopping Deals.

Palantir posted the highest revenue growth rate in its history in the first quarter of fiscal year 2026. U.S. commercial revenue jumped 133%. The company raised its full-year guidance by 10 points. By any operational measure, things are going well. And yet Alex Karp walked onto CNBC’s Squawk Box and started criticizing the entire foundation of the AI business model.He wasn’t talking about Palantir’s competitors in the traditional sense. He was talking about the companies whose technology his own platform runs on top of. “I’m not throwing shade at them,” he told viewers, “but something has gone completely wrong.”What Karp said about OpenAI and Anthropic on live televisionThe problem, in Karp’s telling, is tokens. The way OpenAI and Anthropic sell AI access, metered by token consumption, has created a dynamic he says enterprises are increasingly fed up with. “The basic view among enterprises in this country is I’m going to chillax and waste my time with tokens, I’m gonna get no value, and they’re gonna get my IP,” Karp told CNBC.When co-anchor Andrew Ross Sorkin said “that sounds like shade,” Karp pushed back: “No, no. This is reporting.”More AI:The new Chinese AI model rattling U.S. tech investorsAnthropic restores access to Mythos 5 for select organizationsSoftBank CEO offers stinging critique of Musk’s AI betHe said customers are shifting away from what he called “tokenmaxxing” toward open-weight models that deliver similar output at a fraction of the cost. The ROI conversation is changing. Enterprises are asking harder questions about what they are actually getting for what they are spending, and a lot of them are not liking the answer.Palantir’s stock rose 8% that day. Before the interview, the company had published a 9-point “AI sovereignty” manifesto on X, setting the philosophical stage for what Karp was about to say publicly.Why Karp says data ownership is the real AI fightThe deeper argument Karp made was about control. Enterprises and governments, he said, want to own their compute, their models, their data stack, and their alpha. The word he kept coming back to was ownership. “They want to know they own the means of production. It’s not being transferred to someone else.”That framing extended into territory that goes well beyond enterprise software. Karp said it would be “insane” to hand battlefield or government applications entirely over to AI labs, effectively outsourcing sensitive decisions to a small group of Silicon Valley companies operating by consensus.To illustrate where he thinks the market is going, Karp pointed to Palantir’s expanded partnership with Nvidia, announced the same week, to build custom AI models for U.S. government agencies. “What aligns me with Nvidia… is what the technical customers want, which is control over their compute, their models, their data stack and their alpha,” he said on CNBC.Palantir’s Q1 2026 numbers and what they say about Karp’s thesisKarp is making this argument from a position of real business momentum. Palantir’s Q1 FY2026 revenue came in at $1.63 billion, up 85% year over year, the highest growth rate in company history. U.S. commercial revenue hit $595 million, up 133%. Adjusted operating margin expanded to 60% from 44% a year earlier.On the earnings call, Karp said Palantir’s Rule of 40 score had hit 145%, which he called a feat matched only by Nvidia, Micron, and SK Hynix. Management raised annual revenue guidance to 71% growth, ten points above the prior quarter’s forecast. U.S. commercial remaining deal value, meaning the potential value of contracted business yet to be recognized as revenue, reached $4.92 billion, up 112% year over year.Token-cost fatigue is showing up at real companies. Uber capped employee spending on agentic coding tools, including Claude Code and Cursor, at $1,500 per month after burning through its AI budget in four months, according to 24/7 Wall St. That is exactly the dynamic Karp is describing. The token model works until it doesn’t, and for a growing number of enterprises, it has already stopped working.

Karp’s argument, if it holds up, has implications beyond Palantir’s own stock.Ludovic/Getty Images

The Palantir valuation problem Karp’s swagger can’t quite solveThe business is accelerating. The stock is down 28.67% year to date. Those two facts sitting next to each other tell you what the market’s actual concern is, and it isn’t whether enterprises want control of their data.Palantir closed at $126.79 on July 10 and trades at a forward P/E near 91. That multiple requires an enormous amount of future growth to be baked in and delivered. Even with 84.7% revenue growth, investors have spent most of 2026 asking whether that rate is sustainable or whether the stock got too far ahead of the business during last year’s AI enthusiasm.Michael Burry disagrees. Scion Asset Management disclosed a put position tied to 5 million Palantir shares in its Q3 2025 13F, filed November 3, 2025. At the time, that represented an underlying notional of roughly $912 million, as TheStreet reported. 13Fs don’t show strike prices, expiration dates, or whether the position is still open. But betting against $912 million worth of Palantir shares is not a casual trade.What Karp’s OpenAI and Anthropic critique means for AI investorsKarp’s argument, if it holds up, has implications beyond Palantir’s own stock. The token model underpins how OpenAI and Anthropic generate most of their enterprise revenue. If large customers are genuinely moving toward open-weight models and demanding more control over their infrastructure, that changes the growth assumptions for the closed-model AI companies more than the market has so far priced in.The counterargument is that Karp has an obvious commercial incentive to talk down token-based AI, since Palantir positions itself as the alternative. His numbers are real, but so is his motive. The enterprises he claims are frustrated may still be signing large contracts with OpenAI and Anthropic behind closed doors while also exploring Palantir’s approach on the side.What July 1 made clear is that the business model debate inside the AI industry is getting louder, and the people doing the criticizing are no longer just academics or short sellers. They are CEOs running companies posting 84.7% revenue growth, with enough market credibility to move their own stock 8% with a single television appearance.Related: Palantir doubles down on national security with Nvidia AI alliance

Curry Barker’s independent horror movie sensation “Obsession” is already coming to Peacock this week, just over two weeks after the film made its digital streaming debut on premium video on demand.