Tuesday's News Links

[Yahoo/Bloomberg] US, European Stocks Rise; Pound Rebounds: Markets Wrap

[Yahoo/Bloomberg] Oil’s OPEC+ Rally Cools With China Growth Worries Lingering

[Reuters] Yen skids past 142 per dollar, sterling clings onto early gains

[Yahoo/Bloomberg] China Sets Yuan Fix Weaker Than 6.9 a Dollar, Unseen Since 2020

[Reuters] U.S. service sector keeps momentum in August; price pressures ease - ISM survey

[Yahoo/Bloomberg] Fed’s Long-Sought Neutral Goal Proves Elusive and Moving Target

[AP] California facing chance of blackouts amid brutal heat wave

[Yahoo/Bloomberg] Energy Trading Stressed by Margin Calls of $1.5 Trillion

[Yahoo Finance] The 60/40 strategy is on pace for its worst year since 1936: BofA

[Reuters] Russia will respond to oil price caps by shipping more to Asia - energy minister

[Reuters] Shelling at Ukrainian nuclear plant highlights danger ahead of UN report

[AFP] Shelling forces Ukraine nuclear plant off grid as Zelensky warns of 'disaster'

[Reuters] Europe tries to shore up power firms with billions more

[AP] Liz Truss becomes Britain’s new prime minister

[Yahoo/Bloomberg] China Is Taking More Visible Measures to Slow Currency’s Descent

[Reuters] China's top banks face narrowing margins as calls to help economy grow

[Yahoo/Bloomberg] China Locks Down Parts of City of 6 Million; Chengdu Still Shut

[Yahoo/Bloomberg] Australia’s Central Bank Raises Key Rate to Seven-Year High, Signals More to Come

[Yahoo/Bloomberg] BOJ Should Eye Exit Steps While Holding Policy, Ex-Official Says

[Reuters] China-focused hedge funds lower exposure as risks mount

[Yahoo/Bloomberg] Gazprom to Shift Gas Sales to China to Rubles, Yuan From Euro

[Bloomberg] Doubts Creep Into Wagers on 75 Basis Point ECB Hike This Week

[NYT] Steeper Winter Heating Bills Loom, With Less Federal Aid

[WSJ] Junk-Loan Defaults Worry Wall Street Investors

[WSJ] California Blackout Risks Intensify Amid Soaring Temperatures, Wildfires

[FT] Russia risks ‘catastrophe’ by occupying Ukrainian nuclear plant

[FT] Industrial metal prices melt as global recession fears flare up

Monday Evening Links

[Yahoo/Bloomberg] European Stocks, Euro Sink as Energy Woes Worsen: Markets Wrap 

[Yahoo/Bloomberg] California Declares Grid Emergency As Odds of Blackouts Rise

[The Hill] How long COVID is impacting the nationwide labor shortage

[AP] Ukraine says nuclear plant offline after Russian shelling

Monday Afternoon Links

[Yahoo/Bloomberg] California Declares Grid Emergency As Odds of Blackouts Rise

[MSN/WP] The summer drought’s hefty toll on American crops

[WSJ] Ukraine Says Russia Shelling Disconnects Zaporizhzhia Nuclear Plant From Grid

[Yahoo/Bloomberg] Russian Gas Cut-Off Scuppers German Plan to Bolster Reserves

[Yahoo/Bloomberg] Bank of England’s Mann Calls for ‘Forceful’ Action on Rates

[FT] Iran nuclear deal ‘in danger’, says EU chief negotiator

[FT] Climate graphic of the week: One-third of Pakistan submerged by flooding, satellite data shows