Tuesday Afternoon Links

[Yahoo/Bloomberg] AI Trade Is Back as Economic Data Fuel Risk-On Bid: Markets Wrap

[Yahoo/Bloomberg] FOMO Rally for World’s Worst-Rated Bonds Comes to an Abrupt End

[Yahoo/Bloomberg] Surprisingly Strong US Economic Data Keeps Recession Fears at Bay

[Reuters] US consumer confidence races to 17-month high; housing market regaining strength

[Dow Jones] U.S. New Home Sales Soar 12.2% in May

[CNBC] Home prices rose for third straight month in April, S&P Case-Shiller index says

[Dow Jones] U.S. Durable Goods Rose Again in May on Transportation Spending

[Yahoo/Bloomberg] California Reaches $311-Billion Budget Deal: Here’s What You Need to Know

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Struggle to Shake Off Worries Over Rates: Markets Wrap

[Reuters] China starts to slow yuan's one-way slide

[Yahoo/Bloomberg] Oil Hovers Near $69 as China Stimulus Counters Rates Outlook

[Yahoo/Bloomberg] Banks Face Growing Capital Scrutiny With Stress Tests Up First

[Reuters] Lordstown Motors files for bankruptcy, sues Foxconn

[Yahoo/Bloomberg] Morgan Stanley Sees Fed Hiking Rates in July After Powell Speech

[Yahoo/Bloomberg] China Tightens Grip on Markets After Selloff in Currency, Stocks

[Yahoo/Bloomberg] China Premier Warns Economic Barriers Will Lead to Confrontation

[Reuters] ECB faces new phase of lingering inflation, says Lagarde

[Yahoo/Bloomberg] Ukraine Recap: Zelenskiy Says Forces Advancing Across Frontline

[Reuters] Popstars could be powering inflation as concert prices surge

[NYT] What Is Happening in the Housing Market?

[WSJ] Private-Equity Giants Settle for Bite-Size Deals

[WSJ] Chinese Local Governments Used Fake Property Deals to Boost Revenues

[FT] Yen slide fuels speculation over government intervention

[FT] ECB must persist with rate rises to ward off wage-price spiral, says Christine Lagarde

[FT] Private credit finds its next big target: investment grade debt

[FT] China’s premier criticises west’s de-risking drive at ‘Summer Davos’

[FT] China censors financial blogger as economic recovery falters

[FT] Why higher rates risk reigniting intergenerational conflict