Friday's News Links

[Yahoo/Bloomberg] Tesla Climbs on GM Pact; US Stocks Drift: Markets Wrap

[Yahoo/Bloomberg] Oil Steady This Week as Demand Concern Counters Saudi Supply Cut

[Yahoo/Bloomberg] Robusta Coffee Jumps to Record as El Niño Worsens Supply Fears

[Reuters] Binance.US suspends USD deposits, pausing fiat withdrawal channels

[Reuters] Wildfires spread in Canada's British Columbia as Quebec stabilizes

[Reuters] Washington quiets as Canadian smoke blankets U.S. capital

[Yahoo/Bloomberg] Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model

[Reuters] China's factory gate deflation speeds up in May as demand wanes

[Yahoo/Bloomberg] China Local State Borrowers Undergo Consolidation at Record Pace

[Yahoo/Bloomberg] China’s Deflation Risk Fuels Calls for Interest Rate Cuts

[Yahoo/Bloomberg] BOJ Is Said to See Little Need to Tweak Yield Control Now

[Reuters] Kyiv says it intercepted call showing Russia blew up Kakhovka dam

[MSN/WP] Saudi crown price threatened 'major' economic pain on U.S. amid oil feud

[Reuters] China envoy in South Korea warns of 'wrong bets' over Sino-U.S. rivalry

[WSJ] The Real-Estate Market Caught in a Tangled Web of Ownership and Debt

[WSJ] Cuba’s Spy Deal With China Has Echoes of Cold War Tensions

[FT] Leveraged and inverse ETFs are ‘like walking into a casino’

Thursday Evening Links

[Reuters] Wall Street ends up amid record low volatility ahead of eventful week 

[Reuters] Stocks, Treasuries lead US household wealth to 1-year high in early 2023

[Yahoo/Bloomberg] McCarthy’s Feud With Conservatives Over Debt Ceiling Risks Havoc on Spending Bills

[CNN] Middle-income buyers face the most severe housing shortage

[Reuters] Extreme weather expected as El Nino climate pattern returns, US forecaster says

[WSJ] Bank of Canada’s Beaudry Sees Signs of New Era of Higher Interest Rates

[FT] Traders raise bets on higher US interest rates

[FT] Joe Biden and Rishi Sunak unveil ‘Atlantic declaration’ to strengthen economic ties

[FT] Tett: Investors must beware deepfake market manipulation

Thursday Afternoon Links

[Reuters] Wall Street climbs amid thin volumes ahead of eventful week

[Yahoo/Bloomberg] Oil Sinks to $70 After Media Reports Ignite Iran-US Speculation

[AP] Air quality alerts extend for third day as smoke from Canadian wildfires pushes south

[Yahoo Finance] SEC’s Gensler goes on the offensive after Binance and Coinbase lawsuits

[Yahoo/Bloomberg] Delinquent Office Loans at Five-Year High Trouble Commercial Mortgage Bond Market

[CNBC] The shortage of houses is hitting some people and areas harder than others

[AP] Before-and-after satellite images show profound toll of Ukraine dam collapse

[Reuters] Hundreds plucked from flooded homes; Ukraine dismisses counteroffensive reports

[Reuters] Explainer: How El Nino could impact the world's weather in 2023-24

[NYT] What Recession? Economy’s Staying Power Poses Big Questions for the Fed.