Wednesday Evening Links

[Yahoo/Bloomberg] Stocks Suffer Steepest Rout in Almost Two Years: Markets Wrap

[AP] Stocks fall sharply as Target’s woes renew inflation fears

[Reuters] Fed's Harker sees 50 bps rate hikes in June, July, then 'measured' hikes

[AP] Consumers shift again, flummoxing big retailers like Target

[Yahoo/Bloomberg] Ukraine Latest: US Reopens Embassy in Kyiv After Three Months

[Reuters] Yellen confirms she is pressing Biden for some China tariff reductions

[Reuters] As COVID cases rise, U.S. health officials mull widening additional booster eligibility

[Reuters] Central banks' hopes for supply chain miracle may be dashed by China, Ukraine

[Yahoo/Bloomberg] Crop Land ‘Deteriorating’ in Canada as Excess Rain Hinders Planting

[Reuters] How Turkey spoiled NATO's historic moment with Finland, Sweden

[NYT] Amateur Investors Rode the Bull Up. Now the Bear Looms.

[WSJ] High Inflation, Slowing Growth Raise Risk of Global Downturn

[WSJ] Latest Covid-19 Wave Expands to More of U.S.

[WSJ] Melvin Capital to Close Funds, Return Cash to Investors