Friday links: income and safety

MarketsWhen do rising yields affect stocks? (stockmarketmedia.com)What will higher rates break first? (bloomberg.com)A look at rising real yields. (econbrowser.com)Private investmentsStartups are staying private longer, because they were overvalued by VCs. (awealthofcommonsense.com)Private equity firms are having wait a lot longer to generate carry. (bloomberg.com)SpaceXSpaceX ($SPCX) has stopped selling Falcon 9 flights. (wsj.com)Space is a small-ish part of SpaceX ($SPCX). (ft.com)The SpaceX ($SPCX) Starship is getting another test flight on Monday. (futurism.com)RestaurantsMcDonald's ($MCD) is planning system-wide upgrades. (cnbc.com)Starbucks ($SBUX) is closing 250 North American locations. (cnbc.com)Restaurants should be wary of marketing with AI slop. (wsj.com)AIThe price of tokens just keep falling. (tomtunguz.com)How AI has changed the software business. (auren.substack.com)When AI-generated emails overwhelm your inbox. (hunterwalk.com)Stay in touchWork in wealth management