Thursday's News Links

[Yahoo/Bloomberg] Stocks Waver in Cautious Trading as Tech Falters: Markets Wrap

[Yahoo/Bloomberg] Bonds Everywhere Are Suffering as Rate-Hike Fears Swamp Traders

[Reuters] Shares stall as bond markets reprice rate expectations

[Dow Jones] Jobless claims leap to 21-month high of 261,000

[Reuters] Analysis: US SEC Coinbase, Binance crackdown puts crypto exchanges on notice

[Yahoo/Bloomberg] McCarthy Sends Lawmakers Home, Cites Hard-Liner Blockade ‘Chaos’

[Yahoo Finance] Small caps are the latest 'pain trade' putting the hurt on Wall Street: Morning Brief

[Reuters] Wildfires burn across Canada with little relief in sight

[Yahoo/Bloomberg] New York City Could Be in for a Smoky Summer as Wildfires Rage

[Yahoo/Bloomberg] Turkey State Lenders Return to Lira’s Defense After Sharp Drop

[Reuters] Euro zone slips into recession after Germany, Ireland revisions

[Yahoo/Bloomberg] China’s State Banks Cut Deposit Rates to Bolster Economy

[Reuters] Chinese regulators try to assure sceptical foreign financiers

[Yahoo/Bloomberg] China Funds Told to End Real-Time Pricing as Soon as Mid-June

[Yahoo/Bloomberg] Japan’s Economy Grows Faster Than Estimated Amid Election Talk

[Reuters] Japan upgrades Q1 GDP as businesses spending picks up

[Reuters] Taiwan activates air defence as China aircraft enter zone

[WSJ] Chinese Junk Bonds Are Back on the Trash Heap

[WSJ] China’s Lost Generation

[NYT] Binance Moved Billions Through Two U.S. Banks, Regulators Say

[FT] US to link up with Taiwan and Japan drone fleets to share real-time data

Wednesday Evening Links

[Reuters] S&P 500, Nasdaq close lower as traders cash in on latest megacap rally 

[Reuters] US trade deficit widens to 6-month high, expected to dent economic growth

[Reuters] U.S. East Coast blanketed in eerie veil of smoke from Canada fires

[Yahoo/Bloomberg] NYC Mayor Urges Citizens to Wear Masks for ‘Unprecedented’ Smoke

[Reuters] Bank failures, 'hard landing' still top-of-mind for hedge funds

[Yahoo/Bloomberg] Ray Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’

[Bloomberg] PGIM CEO Sees 60% of Office Real Estate Market in ‘Purgatory’

[WSJ] Republican Insurgents Block Speaker Kevin McCarthy for Second Day

[FT] Debt servicing costs for EU budget set to double in 2024

Wednesday Afternoon Links

[Yahoo/Bloomberg] Tech Stocks Sputter as Traders Fear Rate Hikes: Markets Wrap

[Yahoo/Bloomberg] Canadian Yields, Currency Surge as BOC Fuels Tightening Bets

[Yahoo/Bloomberg] Oil Gains as US Refiners Ramp Up for Summer, Dollar Weakens

[Yahoo/Bloomberg] Bank of Canada Upends Markets by Boosting Policy Rate to 4.75%

[Yahoo/Bloomberg] Traders Now Fully Price In a Fed Hike by July as US Yields Climb

[Reuters] Explainer: -What makes a crypto asset a security in the U.S.?

[AP] Ukraine rushes drinking water to flooded areas as environmental damage mounts from dam break

[WSJ] China’s Share of U.S. Goods Imports Falls to Lowest Since 2006

[FT] US Treasury’s $1tn borrowing drive set to put banks under strain

[FT] How US-China tensions shattered Sequoia’s venture capital empire

[FT] Thousands race to flee Ukraine towns as flooding spreads

[FT] Nato plans show of strength with biggest ever air exercise