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“Investors frequently receive only a small fraction of the shares they request — if they receive any at all.”

Every generation of investors gets handed a story it is told not to question.For your parents, it might have been blue chips that could not fail. For your older siblings, it was probably a website with a good domain name.For a lot of you reading this, it has been the idea that anything touching artificial intelligence deserves whatever price the market decides to put on it.Stories are how money gets moved. They are also how money gets lost.The complicated part is that a great story and a great investment look identical for a while. Both climb, both pull in new buyers, and both get covered relentlessly.The difference only shows up when the buying finally stops. And by that point, the early money has almost always finished selling to the late money.That is roughly where the year’s most celebrated listing sits right now. Shares of SpaceX (SPCX) have surrendered every post-debut gain, and economist Peter Schiff just used that collapse to send an uncomfortable message about the rest of your portfolio.Peter Schiff turns the SpaceX selloff into a broader market warningSpaceX closed at $115.26 on July 22, down 6.7% on the session and roughly 49% below its record high, according to Seeking Alpha.That close put the stock below the $135 price institutions paid for it in June.Schiff, chief economist and global strategist at Euro Pacific Asset Management, did not treat that as a SpaceX problem. He treated it as a preview.The decline “could be a harbinger of things to come,” he wrote in a post on X, pointing at other overhyped stocks and cryptocurrencies.More Wall Street:Wells Fargo revamps S&P 500 target for rest of 2026Cerebras Systems Q1 2026 Earnings Call: Updates on $CRBS outlookJPMorgan drops blunt verdict on stock market rallyHe had been building to this for two weeks. “AI isn’t a bubble, but AI stocks are,” he said earlier in July, per Benzinga.One correction is worth making, because the number matters. Schiff described the close as nearly 20% below the offering price.Run the math and $115.26 against $135 works out to about 14.6%, not 20%. The 49% drop from the high is accurate, but the gap from the IPO price is smaller than advertised.Several outlets repeated his figure without checking it. I flag that not to score a point, but because this is precisely how a market narrative hardens into a fact.What the SpaceX bond market saw before the stock didHere is the part almost nobody outside credit desks is discussing, and it is why my analysis takes this particular warning more seriously than Schiff’s usual output.SpaceX sold $25 billion of debt in June across five maturities, and the longest slice has been repriced hard. Yields on the 2056 notes reached a record 7.6% this week, reported TipRanks.Bond investors do not get paid for optimism. They collect a fixed coupon and they get their principal back or they do not.So when they demand more yield, they are quietly telling you what they think of the odds.Related: Peter Schiff: U.S. stocks are a ‘ticking time bomb’ — what to buy before the crashBy early July, SpaceX debt traded at an average spread of 1.62 percentage points over Treasuries, wider than the 1.55-point average for junk-rated corporate bonds, according to 24/7 Wall St.The company carries an investment-grade rating from all three major agencies. Credit markets were pricing it as a speculative borrower anyway.The stock has now caught down to the bonds. That sequence, credit first and equity second, is the one worth memorizing.Here is the timeline that got the stock here:Shares were sold to institutions at $135 apiece on June 11 in the largest offering on record, according to Seeking Alpha.The stock peaked at $225.64 on June 16, five trading days after its debut, per Seeking Alpha’s summary of exchange data.SpaceX joined the Nasdaq-100 before the open on July 7 under the exchange’s new fast-track rule, as TheStreet reported.Roughly 196 million shares sat short by late July, about 31% of the free float, according to Ortex Technologies.Short sellers held an estimated $15.5 billion in paper gains as of July 22, per Ortex data cited by Reuters.Why the August calendar matters more than the SpaceX headlinesThe next two weeks decide a lot.SpaceX reports its first quarterly results as a public company on Aug. 4, and roughly 911.5 million insider shares become eligible for sale on Aug. 6, reported the Motley Fool.That is a supply event landing two days after an earnings event, into a stock with nearly a third of its float already sold short.Every insider on the roster last transacted on June 11, at $135. None of them has had a chance to sell a share since.The company posted a first-quarter net loss of $4.28 billion on $4.69 billion in revenue. That arithmetic sits behind the bond repricing and behind TheStreet’s earlier coverage of its debt sale.

Peter Schiff says the SPCX selloff and junk-like yields signal trouble for AI, crypto.CFOTO / Getty Images

What SpaceX repricing means for the hyped stocks you ownYou probably do not own SpaceX directly. You may well own it anyway.If you hold a Nasdaq-100 index fund in your 401(k), SpaceX entered your portfolio automatically on July 7. You did not buy it. You did not price it.A rules change put it there, and your contribution bought some of it on the way down.That is the quiet cost of index investing during a hype cycle. The index does not ask whether a stock is expensive before adding it, and it will not ask before it adds the next one.Schiff’s record on timing is poor, and anyone trading off his calls has the losses to prove it. The mechanism he is describing this time, though, shows up in the data rather than in his rhetoric.So here is the practical move. Stop watching the share prices of your most exciting holdings and start watching what their lenders charge them.Bondholders were early on SpaceX by roughly three weeks. Credit desks repriced the risk while equity investors were still paying a premium.If the companies driving your returns are paying junk-like rates on investment-grade paper, the market has already reached a verdict your stock screen has not shown you yet.The first domino has a name and a ticker. The question worth asking before August is which of your holdings is standing directly behind it.Related: Tesla record revenue masks cash burn, $1B SpaceX swing

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealCamping isn’t for everyone, but sometimes the right product can make the most outdoor-averse person want to get outside and enjoy the fresh air for a few days. These days, “glamping” has become an ever-popular option, combining the pastime of sleeping and eating outdoors with a few extra adjustments like air conditioning or electricity to make the experience a bit more palatable. For those folks who need the accessories to actually enjoy their time outdoors — and we’re certainly not judging — then the Aescod Portable Camping Fan is one product you absolutely are going to want to buy.The cordless device, which operates on a rechargeable battery, is a must for outdoor adventures where the temperature gets a bit too toasty or for those who need a bit more white noise than the great outdoors can provide. Now that it’s on sale for a limited time for 34% off, you can get it for just $19 and try it out yourself to see how it compares to your handy fan at home. Aescod Portable Camping Fan, $19 (was $29) at Amazon

Courtesy of Amazon

Shop at AmazonWhy do shoppers love it?It might seem a bit strange to go camping with a fan. Afterall, you have access to fresh air 24/7 which can provide a bit of heat relief and refreshment when it gets a bit stifling. But many folks need that extra blast of cool air when your surroundings feel stagnant or when it comes time to wind down at night. The extra air makes all the difference in your sleep and can just make your overall surroundings far more enjoyable. Now that there’s a cordless portable model designed to travel easily, who wouldn’t pack it to go camping?Weighing only 1.96 pounds, the fan is very lightweight, and measures just 8.2 inches long, 3.5 inches wide, and 10 inches high. It runs on a rechargeable 20000 milliampere-hour (mAH) lithium-ion battery which can run between eight to 36 hours total on a full charge depending on the selected speed settings. You can charge it and disconnect it from the USB Type-C port for standalone use or keep it plugged in via a wall adapter, computer, or power bank and run it in order to maintain a consistent full charge. The fan has four adjustable wind speeds so you can customize it to your needs and preferences, and because it has a built-in brushless motor, it operates more efficiently and quietly than similar models. In fact, it makes so little noise — less than 30 decibels — that you can easily sleep with it on. Related: Amazon’s highly rated long-lasting, portable fan with a cooling plate is just $18The fan also has three LED light levels which provide helpful illumination in dark environments and a 270-degree rotating fan head which can be manually rotated to provide directed air in a precise direction. There’s even a helpful foldable hanging hook that allows you to attach the fan onto tents, hammocks, or branches so that it’s not on the ground and in the way. Since it’s made of acrylonitrile butadiene styrene (ABS), even if it does drop or get knocked off, it’s durable and sturdy enough not to break or crack. Details to knowDimensions: The fan measures 8.2 inches long, 3.5 inches wide, and 10 inches high.Weight: 1.96 pounds.Material: ABS.Features: This fan has four fan speeds and three LED light options. Shoppers find this fan great for camping as well as other outdoor activities. It’s perfect for the lake, the beach, or even the soccer field where your kid is playing. “The perfect outdoor travel fan,” one shopper said. “It’s really lightweight while still being sturdy enough to stand up without falling over.” Others are super impressed with how long the battery lasts. “Hell of a battery life,” another shopper said. “It ran about six hours on high nonstop.”Shop more deals Odoland 15-Piece Camping Cookware Kit, $32 (was $36) at AmazonHikenture Camping Pillow, $22 (was $26) at AmazonFire-Maple Fixed Star Backpacking and Camping Stove System, $42 (was $50) at AmazonWith products like the Aescod Portable Camping Fan, even those who far prefer spending time indoors can’t argue with getting out every once and a while. 

Platner suspended his Senate bid earlier this month after allegations of sexual assault and rape.

Trump sued the Wall Street Journal’s parent company and two reporters behind the story, revealing one of the reporters’ addresses in the lawsuit.

Prairie Farms, a farmer-owned cooperative, has spent nearly nine decades building a business whose products reach 30% of the U.S., with a particularly strong presence across the Midwest and South.Its products, including milk, cheese, cottage cheese, butter, sour cream, yogurt, and ice cream, are carried by major U.S. retailers such as Target and Walmart.The company’s products have also earned recognition at major dairy competitions.At the 2025 World Dairy Expo Championship Dairy Product Contest, Prairie Farms and affiliated Hiland Dairy collected 55 awards, with cheeses from Prairie Farms’ manufacturing network taking top honors in several categories.Now, the 88-year-old Illinois-based dairy company is shrinking part of that network.Prairie Farms Dairy is closing two cheese-making operations in Shullsburg, Wisconsin, eliminating 97 jobs as it reevaluates its long-term manufacturing needs.The closures affect Shullsburg Creamery, a historic and award-winning Wisconsin cheese operation whose roots date back to 1934, and the nearby White Hill Cheese facility.Together, the two operations produce products including cheddar, Colby, Colby Jack, Monterey Jack, Pepper Jack, cheese curds, Swiss, and Baby Swiss cheese.Prairie Farms said the decisions followed a careful review of its manufacturing network and long-term operational needs.“Like many manufacturers, Prairie Farms continually evaluates its operations to ensure it is well positioned to serve customers efficiently and support long-term growth,” the company said in a statement to TheStreet.Prairie Farms closes Shullsburg Creamery productionPrairie Farms ended production at its Shullsburg Creamery facility at 208 W. Water St. on July 20, according to a Worker Adjustment and Retraining Notification (WARN) filing.The permanent closure affects 43 employees across production, packaging, maintenance, sanitation, warehouse, administrative, and management positions.More Layoffs:Meta layoffs take disturbing turn in new lawsuitMajor snack brand closes plant, cuts 345 jobsJPMorgan Chase pushes fraud division layoffs, despite rising revenuesThe two largest affected groups are 15 packaging employees and 15 workers in production and cheese operations. Most workers were scheduled to lose their jobs on July 20, while several employees are being retained temporarily to help wind down the facility.The closure does not affect workers employed at the separate Shullsburg Creamery retail Cheese Store, according to the notice.Prairie Farms also said there will be no disruption in supplies for Shullsburg Creamery customers.Shullsburg Creamery has been part of Wisconsin’s cheese industry for more than 90 years.Related: Grocery chain makes final major business closureThe operation dates back to 1934, when it began producing handmade cheddar cheese. It later became known for Colby, Colby Jack, Monterey Jack, Pepper Jack, smoked cheeses, cheese spreads, and flavored cheese curds.The creamery’s recognizable products include longhorn-style cheese and specialty flavors such as Cranberry Chipotle Cheddar.Several Shullsburg products have also earned industry honors. Cranberry Chipotle Cheddar previously took first place at the World Dairy Expo, while its smoked cheese curds and Colby Jack Longhorn have received awards at other dairy competitions.

Prairie Farms is closing two facilities in Wisconsin.Helen Camacaro / Getty Images

White Hill Cheese closure eliminates another 54 jobsPrairie Farms is also permanently ending operations at its White Hill Cheese facility at 110 Miner Way in Shullsburg.The facility will continue operating through August 14, when most of its 54 employees are expected to be laid off.Twelve employees will remain temporarily to help close the plant, with their eventual layoff dates depending on operational needs.The cuts include 23 employees in production and cheese operations and 13 packaging workers.Other affected positions span maintenance, warehouse operations, quality control, administration, and plant management.White Hill Cheese specializes in Swiss and Baby Swiss cheese, including grass-fed varieties.The facility began as a joint venture, with Prairie Farms assuming full ownership in 2020, the same year it also acquired Shullsburg Creamery.Prairie Farms said it expects to complete the pending sale of the White Hill property to an interested party after production ends.The company did not identify the potential buyer.The company did not publicly disclose details of any severance arrangements for affected employees, but said it remains committed to supporting workers through the transition.“We are grateful to the employees at both facilities for their years of service and to the Shullsburg community for its longstanding support,” said Matt McClelland, Prairie Farms CEO.“While these decisions are difficult, they are necessary to strengthen Prairie Farms for the future. Our immediate focus is supporting our employees through this transition.”Related: Sportswear giant continues store closures nationwide

Two Morgan Wallen singles — “Don’t We” and “I Can’t Love You Anymore” with Ella Langley — rise to new peaks on multiple charts.

Olivia Rodrigo’s “Drop Dead” and “Stupid Song” both climb to new all-time peaks on Billboard’s Pop Airplay chart.

New regulations for crypto trading, custody, and settlement in Russia take effect Sept. 1, with requirements for licensed intermediaries applying from July 2027.

I have covered Intel’s turnaround story across multiple articles — the layoffs, the 18A yield progress, the management restructuring, the foundry ambitions, just to name a few. Each piece and story added to the mosaic. But nothing validated the thesis like July 23 evening’s Q2 results.Intel reported revenue of $16.1 billion, up 25% year over year. In fact, that’s the strongest revenue growth in more than 15 years, according to CEO Lip-Bu Tan. Non-GAAP EPS of $0.42 came in nearly double the Street’s $0.22 estimate. Q3 guidance of $16.3 billion at the midpoint was well above both Goldman and consensus. We had every major segment beat. Gross margins came in at 41.8% versus the Street’s 39.2%.Goldman Sachs reviewed the results in a note shared with me at TheStreet, raising its estimates by 49% on average while maintaining a Neutral rating and an unchanged $150 price target. INTC ranks 6th among S&P 500 stocks year-to-date at approximately 154% in gains, according to Slickcharts. It is also one of the four chip stocks Jim Cramer named as his favorites in my previous coverage.Goldman’s take was candid: a great quarter that cleared an elevated bar. But Intel’s closest peers still offer more attractive risk-reward.Also Read: Intel Corporation Latest News and StoriesThe quarter Goldman described as “well above the Street across the board”The specific beat magnitudes in the Goldman note are worth laying out, according to the research shared.Revenue of $16.1 billion was above Goldman’s own estimate of $14.3 billion and the Street’s $14.4 billion. Gross margin of 41.8% was above Goldman’s 39.3% and the Street’s 39.2%.Non-GAAP operating EPS of $0.42 was nearly double Goldman’s $0.23 estimate and the Street’s $0.22.The Data Center and AI segment was the headline driver. DCAI revenue of $6.3 billion grew 24% quarter over quarter and 59% year over year, driven by general-purpose server demand and agentic AI, according to Goldman’s note. Intel sees an accelerating server CPU market with a strong double-digit CAGR through at least 2028. The company is currently running in a capacity shortage position, and expects stronger sequential DCA growth in Q4 as additional supply comes online.Related: Alphabet and Intel could reset the AI tradeClient computing revenue reached $8.9 billion, above both Goldman and Street estimates. Intel Foundry revenue of $5.8 billion was also above consensus at $5.5 billion.”Our Q2 results represent our strongest revenue growth in more than fifteen years,” Tan said in the earnings release.The 18A and 14A process commentary Goldman flagged as strategically significantThe technology roadmap disclosures in Q2 are the items Goldman’s note highlighted as most meaningful for the foundry investment thesis, according to the research.Intel 18A-P entered risk production in Q2, meeting the timeline shared with customers and partners. The company entered high-volume manufacturing for a subset of Core Ultra Series 3 processors using ASML’s EXE High NA EUV technology, the most advanced lithography available. Related: Goldman Sachs backs surprising non-AI stocksIntel also announced a €5 billion investment to expand manufacturing capacity and production of Xeon 6 and next-generation Xeon processors built on Intel 3, according to Intel’s second-quarter results.The 14A process, with volume production targeted for 2028, drove a meaningful capital expenditure increase. Intel raised its 2026 CapEx guidance to over $20 billion from $17 billion previously, and expects significant further increases in 2027 to support Advanced Packaging capacity and the 14A launch, according to the Goldman note. Intel plans to increase WFE tooling spending by approximately 40% in 2026.Goldman raised its estimates by 49% on average as a direct reflection of that demand signal, according to the note.

Intel reported revenue of $16.1 billion in Q2 fiscal 2026, up 25% year over year — the strongest revenue growth in more than 15 years.CHENG Yu-chen / AFP via Getty Images

Why Goldman stays Neutral despite raising estimates by 49%This is the nuanced part of the Goldman note that investors need to read carefully.Goldman’s Neutral rating and $150 price target, based on 30 times normalized EPS of $5.00, reflects a specific comparison, not a fundamental objection to Intel’s business. “Intel’s closest peers — AMD, NVDA and AVGO — offer relatively more revenue visibility and favorable risk/reward,” the note states.The firm acknowledges Intel as a beneficiary of rising server demand and a U.S. foundry champion with genuine geopolitical tailwinds. That happens to be the reason Jim Cramer mentioned Intel being one of his best picks, as noted in my previous coverage.  It also acknowledges near-term traction in Advanced Packaging and longer-term potential in wafer outsourcing. Also Read: Intel’s stock split history (& prospects) explainedThe $8.5 billion in CHIPS Act subsidies and Intel’s unique position as America’s only advanced chip manufacturer provide a structural moat that competitors cannot replicate.But Goldman’s upside risks are the same list that has defined the Intel story all year. From increased foundry traction, better server CPU share, and faster margin improvement. Related: Intel and AMD just got leverage they haven’t had in yearsDownside risks remain a slower-than-anticipated node ramp and share losses to AMD. Those are genuinely open questions that keep the investment profile Neutral rather than Buy, even after one of the company’s best quarters in a decade and a half.The semiconductor industry as a whole is reporting 134% year-over-year earnings growth and 76% revenue growth in Q2 2026, according to FactSet’s July 24 data. Without semiconductors, the Information Technology sector’s earnings growth rate would fall from 64.6% to 26.1%. Intel, for the first time in years, is firmly in the group of companies driving that sector-level outperformance rather than lagging behind it.Related: Goldman Sachs drops new warning on interest rate hikes