Leveraged stock bets are ‘very concentrated in the AI ecosystem,’ Goldman Sachs warns

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Good morning. On Fortune’s radar today:

  • Markets: Mostly down.
  • Leverage is “very concentrated in the AI ecosystem,” Goldman warns.
  • The U.S. wealth paradox: No. 2 on average, No. 28 at the median.
  • Trump says no return to war—for now.
  • Soccer teams commit more fouls in polluted cities.
  • You’d need to cut 10 million jobs for AI to pay for itself.

This story was originally featured on Fortune.com

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