Friday's News Links

[Bloomberg] U.S. Stock Rally Falters, Dollar Gains as Oil Dips: Markets Wrap

[Bloomberg] U.S. Growth Not So Bad After Revisions to Spending, Investment

[Reuters] U.S. home prices to rise at a strong pace on tight supply: Reuters poll

[Bloomberg] China's reforms will not be enough to arrest rising debt: Moody's Diron says

[Bloomberg] China's Hand-of-State Tightens Grip on Market With Yuan Move

[Reuters] Japan consumer prices rise in April, driven by energy costs

[Reuters] Trump and other leaders clash on trade, climate at G7

[Bloomberg] Trump Blasts German Carmakers’ U.S. Sales, Threatens Barriers

[Bloomberg] Noble Group Dealt Fresh Blow as Fitch Cuts Ratings Yet Again

[NYT] McConnell May Have Been Right: It May Be Too Hard to Replace Obamacare

[WSJ] Canada’s Banks Can’t Dodge Housing Risks Forever

[FT] Central banks risk messy ‘market melt-up’

[FT] Renminbi rule change tracks capital flight worries

[Reuters] Trumps calls North Korea a 'big problem,' promises to resolve issue

Thursday Evening Links

[Bloomberg] U.S. Stocks Add to Records; Oil Tumbles on OPEC: Markets Wrap

[Reuters] Oil plunges 4 percent on disappointment with OPEC cuts

[Bloomberg] China's Monetary Turbocharger Is Running at an All-Time High

[Bloomberg] Chinese Money Funneled to Far-Flung Homes Heralds Bubble Trouble

[Bloomberg] More Optimism About U.S. Buying Climate Signals Spending Rebound

[Bloomberg] China's State Media Hits Out at Debt Downgrade With a Buffett Quote

[Bloomberg] Brazil Succession Race Heats Up as Temer Struggles With Crisis

[Bloomberg] Senate Weighs a Health Rewrite That Would Push Obamacare Repeal to 2020

[Reuters] Ballooning Chinese dollar borrowing a dilemma for index trackers

[WSJ] China Takes Aim at Moody’s After Rating Downgrade

[Reuters] U.S. drill designed to reject China's claim around artificial island: officials