Wednesday Evening Links

[Reuters] Wall Street boasts record closes as inflation data fuels rate-cut bets 

[Yahoo/Bloomberg] Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields

[Reuters] Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

[Reuters] Global corporate defaults doubled from March to April, S&P finds

[Yahoo/Bloomberg] Texas Grid Issues Alert for Potential Power Emergency

[Yahoo/Bloomberg] Citadel Securities Revenue Reaches $2.3 Billion in First Quarter

[Yahoo/Bloomberg] AT&T Strikes Space Broadband Deal In Challenge To Musk’s SpaceX

[AP] Russia’s Putin arrives in China for state visit in a show of unity between the authoritarian allies

[NYT] Inside the Rent Inflation Measure That Economics Nerds Love to Hate