Tuesday's News Links

[Yahoo/Bloomberg] Stocks Rally as Nvidia Earnings Put Focus on Tech: Markets Wrap

[Reuters] Global stocks extend comeback, U.S. yields touch new peaks

[Yahoo/Bloomberg] China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling

[Yahoo/Bloomberg] Yuan Shorts Hit as Funding Costs Up by Most Since 2017

[Yahoo/Bloomberg] Japan’s Benchmark Bond Yield Hits Nine-Year High in Test for BOJ

[Reuters] S&P downgrades multiple US banks on growing liquidity worries

[Reuters] US economy holds its breath ahead of UPS Teamsters contract vote

[Yahoo/Bloomberg] BOJ’s Ueda Discusses Markets With Kishida Ahead of Jackson Hole

[Reuters] Japan to release Fukushima water into ocean starting Aug 24

[CNBC] Rice prices soar, fanning fears of food inflation spike in Asia

[Yahoo/Bloomberg] Rice Supply Faces New Threat as India Mulls More Limits

[BBC] Brics summit: How China's and Russia's clout is growing in Africa

[AP] Ukraine media say Kyiv saboteurs were behind drone attacks on air bases deep inside Russia

[Bloomberg] Dudley: Goodbye to the Bull Market for US Treasury Bonds

[NYT] Why It’s So Hard for China to Fix Its Real Estate Crisis

[FT] It’s far too early to declare the end of inflation

[FT] China’s rate caution shines light on $56tn banking system

[FT] China’s blueprint for an alternative world order

[FT] Crypto has ‘amplified financial risks’ in emerging markets, central banks warn

Monday Evening Links

[Yahoo/Bloomberg] Asian Shares Poised to Advance; Yields Climbing: Markets Wrap

[Yahoo/Bloomberg] S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Environment

[AP] Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

[The Hill] US citizens urged to leave Belarus immediately

[WSJ] The Electric-Vehicle Bubble Starts to Deflate

Monday Afternoon Links

[Yahoo/Bloomberg] Treasury Yields Hit Highest Since 2007 on Elevated Rate Fears

[Reuters] Wall St mixed as investors await Nvidia earnings, Jackson Hole meet

[Yahoo/Bloomberg] Yuan Shorts Squeezed as Funding Costs Jump to a Five-Year High

[CNBC] Mortgage rates hit their highest point since 2000

[Reuters] NY Fed finds record wage expectations in July consumer survey

[Yahoo Finance] Gas prices hit 2023 highs in California as Tropical Storm Hilary hammers state

[Reuters] Republican feud over 'root canal' spending cuts raises US gov't shutdown risk

[Reuters] Goldman sees US shutdown over spending 'more likely than not'

[Yahoo/Bloomberg] The $7.4 Trillion ETF Industry Is Littered With One-Hit Wonders

[WSJ] Booming Trade With China Helps Boost Russia’s War Effort

[WSJ] Brics Nations at Odds Over Adding to Their Number

[FT] US Treasury yields hit 16-year high on fears over interest rate outlook