Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Look Mixed After U.S. Slips off Record: Markets Wrap

[Yahoo/Bloomberg] Stocks Drop From Record Highs; Bond Yields Rise: Markets Wrap

[Yahoo/Bloomberg] Oil Surges to Highest in a Month With U.S. Demand Picking Up

[Yahoo/Bloomberg] Coinbase shares close 14% below opening price after trading debut

[Reuters] New York Fed's Williams: Fed has tools to deal with high inflation

[SCMP] China Huarong uncertainty unnerves debt investors as credit ratings agencies review outlook for distressed-debt manager

[Reuters] Russia, Ukraine hold military drills, NATO criticises Russian troop build-up

[Bloomberg] Huarong Is a Big Bad Mess and Bailing It Out Won’t Be Pretty

[WSJ] Central Bank Will Begin Reducing Bond Purchases ‘Well Before’ Raising Interest Rates, Powell Says

[WSJ] China’s Bad-Bank Panic Unveils the Man Behind the Curtain

[WSJ] Biden Brushes Off China’s Complaints, Sends First Delegation to Taiwan

[FT] Boom on Wall Street powers US bank profits

[FT] Do China’s ‘wolf warrior’ diplomats really have any bite?

[FT] Larry Summers: ‘I’m concerned that what is being done is substantially excessive’