Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Advance on Vaccine Hope, FedEx Surge: Markets Wrap

[Reuters] Global shares begin second half with a whimper despite positive data

[Reuters] U.S. employers announced more job cuts in June: report

[CNBC] Mortgage demand falls for the second straight week, signaling a potential slowdown in the housing recovery

[Reuters] U.S. coronavirus cases rise by 47,000, biggest one-day spike of pandemic

[Reuters] Asia's factory pain eases as region emerges from pandemic

[Reuters] China's factory activity expands, but job losses quicken amid weak exports: Caixin PMI

[Reuters] Pandemic sinks Japan business mood to lowest since 2009 crisis

[CNBC] Coronavirus live updates: South Korea reports uptick in cases; Texas posts another record rise

[Bloomberg] U.S. States Beg, Borrow and Cut to Close Massive Budget Gaps

[WSJ] Specialty Lenders Face Funding Challenge as Covid-19 Boosts Defaults

[WSJ] No End in Sight for Big Oil’s Write-Downs

[FT] US Main Street lending facility draws little interest

[FT] Global dealmaking drops to lowest level in over a decade

[FT] US-China spat puts future of Hong Kong dollar in the spotlight

Tuesday Evening Links

[Reuters] S&P 500 ends best quarter since 1998 on a high note

[CNBC] Dow rallies more than 200 points to close out its best quarter since 1987

[CNBC] Texas reports record number of new coronavirus cases, extends ban on elective surgeries

[CNBC] Dr. Anthony Fauci says U.S. coronavirus outbreak is ‘going to be very disturbing,’ could top 100,000 new cases a day

[AP] As virus roars back, so do signs of a new round of layoffs

[Reuters] Bolsonaro extends aid to Brazilians as jobs plummet, public debt soars

[FT] US hospitals buckle under surge of new coronavirus cases

Tuesday Afternoon Links

[AP] Wall Street tacks more onto its best quarter since 1998

[AP] Europe restricts visitors from the US amid virus resurgence

[CNBC] Coronavirus live updates: New York adds eight more states to travel advisory; Gottlieb says about 25% of NYC is likely infected

[Reuters] Brazil's debt and deficit hit record highs in May, outlook darkens

[Reuters] Hong Kong's sweeping security law paves way for more authoritarian era

[Bloomberg] California ‘Wall of Debt’ Returns as State Bets on Federal Aid

[Bloomberg] Quarterly Hedge Fund Liquidations Surge to Highest Since 2015