Wednesday's News Links

[Yahoo/Bloomberg] Stocks Waver post US CPI: Markets Wrap

[Yahoo/Bloomberg] Oil Gains as IEA Adds to Chorus of Views Seeing Tight Market

[Yahoo/Bloomberg] Yuan Bears Feel Heat of PBOC Defense as Funding Costs Surge

[Yahoo/Bloomberg] Saudi Arabia’s Production Cuts Threaten a Surge in Oil Price Volatility, IEA Warns

[CNBC] August core inflation, excluding food and energy, rose 0.3% hotter than expected

[Reuters] Corporate defaults jump, highest August monthly tally since 2009 - S&P

[Reuters] UAW may opt to strike targeted auto plants if no deal reached - sources

[CNBC] Mortgage demand stalls at a level not seen since 1996

[Yahoo/Bloomberg] US Five-Year Adjustable-Rate Mortgage Reaches Highest Since 2011

[Yahoo/Bloomberg] BOJ Watchers Bring Forward Rate Hike Forecasts on Ueda’s Remarks

[Bloomberg] Bankers’ 40% Pay Cuts Show the China Dream Fading in Its Richest Cities

[Reuters] China says it has not banned purchase, use of foreign phone brands

[Yahoo/Bloomberg] China Flags ‘Security Incidents’ With Apple’s iPhones

[Reuters] UK economy stumbles in July as strikes and rain weigh

[Yahoo/Bloomberg] EU Escalates China Tensions With Probe to Ward Off Cheap EVs

[Reuters] Kim Jong Un meets Putin in Russia as missiles launch from North Korea

[Reuters] N.Korea's Kim stresses 'strategic importance' of Russia ties ahead of Putin summit

[Bloomberg] Emerging Markets Buttressed by Interventions as Rate Fears Grow

[WSJ] ‘Almost All Loans Are Bad’—Why Banks Aren’t Lending

[WSJ] Tax Cuts Are Here to Stay—And So Are Exploding Budget Deficits

[WSJ] Hedge Funds’ Big Bet Against Treasurys Isn’t What You Think

[WSJ] As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises

[FT] Kim Jong Un pledges support for Russia’s ‘sacred fight’ in Ukraine

Tuesday Evening Links

[Reuters] Wall Street ends lower as Oracle tumbles on weak forecast 

[Yahoo/Bloomberg] Oil Extends Rally as OPEC+ Cuts Set Up Tightest Market in Decade

[Yahoo Finance] Inflation expected to tick higher in August as oil prices surge

[Reuters] US auto labor talks intensify near strike deadline

[Reuters] JPMorgan strategists say US stock valuations at risk from high interest rates

[Reuters] ECB's crucial 2024 projection to put inflation above 3%, source says

[Yahoo/Bloomberg] Panama Canal Says Traffic Woes Will Last Into Next Year

[FT] WTO warns about fragmentation of global trade into allied blocs

Tuesday Afternoon Links

[Reuters] Wall St inches lower as Oracle slides, investors await inflation data

[Reuters] Oil prices jump 2% to near 10-month high as OPEC predicts tight supplies

[Yahoo/Bloomberg] Inflation Dragged Real US Household Incomes Down 2.3% in 2022

[Yahoo/Bloomberg] New CLO Managers Eye $1.3 Trillion Market, Betting on Return

[Yahoo/Bloomberg] Home Prices in Canada Are So Stretched That Even Owners Want Them to Fall

[Reuters] Mediterranean's devastating Storm Daniel may be harbinger of storms to come