Wednesday's News Links

[Reuters] Wall Street slumps on virus worries, grim economic forecast

[Reuters] Gold shines as coronavirus surge unnerves investors

[Reuters] Oil prices slides as U.S. crude stockpile growth heightens oversupply fears

[Yahoo/Bloomberg] Gold Poised to Challenge $1,800 as Virus Resurgence Fans Demand

[CNBC] IMF slashes its forecasts for the global economy and warns of soaring debt levels

[Reuters] Mnuchin says U.S.-China decoupling will occur if firms cannot compete fairly

[CNBC] Weekly homebuyer mortgage demand ticks down but is still a remarkable 18% higher than a year ago

[CNBC] Coronavirus live updates: India reports record spike in cases, U.S. citizens could remain barred from EU

[AP] Virus pummels commercial real estate, could end long boom

[Reuters] With contracts canceled and debts mounting, offshore oil drillers face another shakeout

[Reuters] Washington state makes face masks mandatory as some states see new coronavirus surge

[SCMP] China's banking system begins to crack at its grass roots as two bank runs take place within a week

[Reuters] BOJ signals pause after months of pandemic-fighting stimulus steps: June summary

[Reuters] Office cluster pushes Tokyo coronavirus cases to one-and-half-month high, governor says

[Bloomberg] U.S. Targets $3.1 Billion of EU and U.K. Imports for New Tariffs

[Bloomberg] China’s Growing Dollar Bond Defaults Reveal Depth of Stress

[WSJ] How Coronavirus Upended a Trillion-Dollar Corporate Borrowing Binge and Kicked Off a Wave of Bankruptcies

[WSJ] ‘Massive’ Forgery Helped Hide $3 Billion Hole in Energy Trader’s Books

[FT] Record number of US companies seek relief on loan terms

Tuesday Evening Links

[CNBC] Nasdaq jumps to record led by Apple in longest winning streak since December

[MSN/Bloomberg] Virus Surges Across U.S., Throwing Reopenings Into Disarray

[The Hill] Texas governor urges residents to stay home amid record number of new coronavirus cases

[CNBC] Coronavirus live updates: Dr. Fauci recommends states with outbreaks should consider pausing reopening phases

[Yahoo/NYT] EU May Bar American Travelers as It Reopens Borders, Citing Failures on Virus

[Reuters] North Korea suspends military action plans against South Korea: KCNA

[Bloomberg] Junk Bonds Topple Monthly Sales Record in ‘Party Like No Other’

[Bloomberg] Reinhart Says Emerging-Market Troubles Top Those of Rich Nations

[Bloomberg] How China Is Tightening Its Grip on Hong Kong's Economy

[WSJ] Coronavirus Races Across Brazil and Latin America, a Warning to Poor Nations

Tuesday Afternoon Links

[Reuters] Wall Street climbs on signs of economic recovery, Nasdaq hits record high

[Reuters] Gold vaults to highest since October 2012 as dollar stumbles

[CNBC] U.S. 7-day average of coronavirus cases surges 30% from week ago

[CNBC] Dr. Anthony Fauci tells Congress parts of U.S. are seeing a ‘disturbing surge’ of coronavirus infections

[CNBC] Homebuilders see strongest May sales in over a decade, but they have a big problem

[CNBC] The Fed’s corporate bond buying is stoking bubble fears

[Reuters] Central banks hint at pandemic stimulus exit. Markets aren't buying it

[Reuters] Brazil beef exporter, British pork plant halt China shipments over virus