Tuesday's News Links

[CNBC] Stocks struggle as tech shares are under pressure once again, bank earnings kick off

[Reuters] Lockdown in global tech hub hits stocks

[CNBC] U.S. consumer price index rose 0.6% in June, vs 0.5% increase expected

[Reuters] JPMorgan beats estimates on trading, but loan losses loom

[CNBC] Coronavirus updates: Pandemic roils corporate earnings; 3M developing rapid antigen test

[Reuters] California's new lockdown dims outlook for U.S. growth in pandemic

[CNBC] Surge in U.S. coronavirus cases causes testing delays across the nation as labs scramble to keep up

[Yahoo/Bloomberg] Rising Infections Prompt Tighter Rules Worldwide: Virus Update

[Reuters] China June exports unexpectedly rise as economies reopen, imports up

[Reuters] Encouraged by regulators, China banks request easing of capital adequacy rule -sources

[Reuters] China says U.S. accusations on South China Sea are 'unjustified'

[Bloomberg] U.S. Shift in South China Sea Raises Risk of Clash on the Water

[WSJ] JPMorgan Sets Aside More Than $10 Billion to Cover Coronavirus Loan Losses

[WSJ] Coronavirus Spending Pushes U.S. Budget Deficit to $3 Trillion for 12 Months Through June

[WSJ] U.S. Rejects Most Chinese Maritime Claims in South China Sea

[FT] Mounting risks in US will weigh on the dollar, analysts predict

[FT] UK-China relations: from ‘golden era’ to the deep freeze

Monday Evening Links

[Reuters] S&P 500 and Nasdaq end lower after sharp drop in tech titans

[Yahoo/Bloomberg] Oil Falls on Signs OPEC+ Will Taper Cuts Even With Virus Surging

[CNBC] U.S. budget deficit hits all-time high of $864 billion in June

[CNBC] Coronavirus live updates: California’s two largest school districts to return online in the fall 

[CNBC] California to close indoor restaurants, movie theaters and bars statewide as coronavirus cases rise

[CNBC] Coronavirus live updates: California recloses indoor dining; Hong Kong Disneyland to shutter again

[Reuters] U.S. June deficit surges to $864 billion

[Yahoo/Bloomberg] Ten Thousand Day Traders an Hour Are Buying Tesla Shares

[Yahoo/Bloomberg] Biggest Muni-Sales Wave Since Covid Crash Tests Surging Demand

[Reuters] U.S. shale oil output to drop to two-year low of 7.5 million bpd in August: EIA

[Yahoo/Bloomberg] Singapore Slumps Into Recession With Record 41.2% GDP Plunge

[Bloomberg] U.S. Denounces China’s Claims to South China Sea as Unlawful

[Bloomberg] The Virus Is Still Sapping China’s $6 Trillion Power to Consume

[FT] US hardens stance against China’s claims in South China Sea

[FT] Fauci says US local public healthcare is ‘in tatters’

Monday Afternoon Links

[Reuters] Wall Street jumps on positive start to earnings, vaccine hopes

[AP] US rejects nearly all Chinese claims in South China Sea

[MarketWatch] U.S. economic growth is slowing down, Dallas Fed's Kaplan says

[Reuters] U.S. consumers more secure about jobs but earnings expectations drop: New York Fed survey

[Reuters] Soaring Florida coronavirus cases cast shadow over tourism, Disney

[The Hill] Virus immunity in recovered patients may be gone in months, researchers say

[EdSource] Schools in Los Angeles, San Diego won't reopen for in-person learning next month

[Reuters] WHO sounds alarm as coronavirus cases rise by one million in five days

[Bloomberg] Billions Flow Into Quant ETFs Behaving Just Like the S&P 500

[NYT] Coronavirus Surge Is Killing America’s Small Businesses

[WSJ] U.S. Set to Reject Certain Chinese Maritime Claims in South China Sea