Friday's News Links

[Yahoo/Bloomberg] Stocks Tumble, Yields Spike on Inflation Overshoot: Markets Wrap

[Reuters] Oil prices on track for weekly gain amid high U.S. demand

[Yahoo/Bloomberg] Europe Bond Risk Gauge Near ‘Danger Zone’ Piles Pressure on ECB

[Yahoo/Bloomberg] US Inflation Unexpectedly Accelerates to 40-Year High of 8.6%

[CNBC] Inflation rose 8.6% in May, highest since 1981

[Yahoo Finance] Consumer sentiment hits record low in June as inflation weighs on consumers

[Yahoo/Bloomberg] Rout in Bond Markets Is So Severe That Double-Digit Losses Are the Norm

[Yahoo/Bloomberg] Ukraine Latest: Yellen Sees Way to Curb Oil; Fighters Get Death

[Yahoo/Bloomberg] Gasoline Futures Set a Record as Pump Prices Verge on $5

[Reuters] U.S. bond funds see biggest weekly outflows in four weeks

[Reuters] Analysis: Buy Now Pay Later business model faces test as rates rise

[MSN] Lake Mead's capacity falls below 30%

[Yahoo/Bloomberg] Draghi’s ECB Consigned to History as Hawks Seize Policy Controls

[Yahoo/Bloomberg] China Credit Rebound Masks Still Subdued Consumer Borrowing

[Reuters] China's producer inflation eases to 14-month low in May

[Reuters] Shanghai to lock down millions again for mass COVID testing

[Yahoo/Bloomberg] Xi Says Social Stability Key in Balancing China Economy, Virus

[Reuters] Turkey caught in a spiral of lira crises

[Reuters] Global bond funds see weekly outflows on inflation worries

[Reuters] U.S., Chinese defence ministers stand firm over Taiwan in meeting

[Bloomberg] ECB’s Kazaks Says Inflation Is Extremely and Unacceptably High

[Bloomberg] China Ties at ‘Lowest Moment’ Since 1972, US Ambassador Says

[NYT] Food Export Bans in Asia Prompt Fears of More Protectionism

[WSJ] Even Deep-Pocketed Buyers Are Starting to Back Away From the U.S. Housing Market

[WSJ] Business Losses From Russia Top $59 Billion as Sanctions Hit

[FT] Italian and Greek debt costs hit two-year high on eurozone rate fears

[FT] ECB doves disheartened by plans to hasten pace of rate rises

[FT] The world must brace itself for a further surge in oil prices

Thursday Evening Links

[Yahoo/Bloomberg] S&P 500 Slumps More Than 2% in Late-Day Selloff: Markets Wrap

[Reuters] Wall St drops as investor jitters climb before CPI data Friday

[Yahoo Finance] May CPI preview: Inflation likely remained red-hot as gas prices surged

[Reuters] Greenlight's Einhorn sees gold going 'higher, perhaps much higher'

[Reuters] Hailing Peter the Great, Putin draws parallel with mission to 'return' Russian lands

[Reuters] Russia says West risks 'direct military clash' over cyber attacks

[WSJ] As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy

[FT] ECB takes hawkish turn to counter record-high inflation

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Drop With Growth Concern in Focus After ECB: Markets Wrap

[Reuters] Wall St falls as growth stocks struggle with inflation reading in focus

[Yahoo/Bloomberg] Oil Slips as Shanghai Lockdowns Potentially Curb China’s Demand

[Reuters] U.S. household wealth declines for first time in 2 years in 1st quarter

[Reuters] U.S. retailers cut prices but services keep inflation hot

[Yahoo/Bloomberg] El-Erian Warns Inflation Hasn’t Peaked as Energy Prices Rise

[Yahoo/Bloomberg] Bank of Canada Sees Heavily Indebted Homebuyers as Key Risk

[Reuters] China takes steps to ease up on regulatory crackdown as economy slows

[Reuters] Putin says no Iron Curtain will close off Russia's economy

[Reuters] IAEA warns of 'fatal blow' to nuclear deal as Iran removes its cameras