Thursday's News Links

[Reuters] Wall Street lower on U.S.-China trade tensions

[Reuters] U.S. productivity rises slightly in first quarter; wage growth accelerates

[CNBC] US trade deficit drops as exports hit a record high

[Reuters] Trump praises China's Xi as U.S. team arrives for trade talks

[Reuters] Stress levels rise as Argentina peso, Turkish lira hit record lows

[CNN] Rising costs start to squeeze American businesses

[Reuters] Trump has all but decided to withdraw from Iran nuclear deal: sources

[CNBC] China quietly installed defensive missile systems on strategic Spratly Islands in hotly contested South China Sea

[Reuters] Iran will not renegotiate nuclear deal: foreign minister

[NYT] Trump Trade Officials Will Present a Hard Line in China, but Internally They Are Divided

[WSJ] Fed Holds Rates Steady, but Indicates Increases Will Continue

[WSJ] Why Investors Need Caution in $1 Trillion Loan Market

[WSJ] China Trade Showdown

[FT] Higher default risk flagged as US car loan terms lengthen

[FT] The rise of leveraged loans as a $1tn asset class

Wednesday Evening Links

[Bloomberg] U.S. Stocks Sag After Fed Report; Oil Rallies: Markets Wrap

[Bloomberg] Fed Leaves Rates Unchanged, Says Inflation Close to Target

[CNBC] Here's what changed in the new Fed statement

[Forbes] U.S.-China Trade Tensions: Plan For The Worst -- That's What Beijing Is Doing

[Reuters] Wary U.S. fund investors pull back from domestic stocks: ICI

[WSJ] U.S. Weighs Curbs on Chinese Telecom Firms Over National-Security Concerns