Thursday's News Links

[Yahoo/Bloomberg] Stocks Slip Ahead of Data as Micron Plunges: Markets Wrap

[Reuters] Oil edges higher as Middle East risks offset US demand concerns

[Yahoo/Bloomberg] Asian Currencies Slump to Lowest Since 2022 on Dollar Strength

[Reuters] Bruised yen mired near multi-decade low with eye on intervention

[Yahoo/Bloomberg] Micron’s Selloff Shows Risk of Sky-High AI Expectations

[CNBC] ‘A disastrous event’: All-out war between Israel and Hezbollah could devastate both sides

[Reuters] US July Fourth cookout costs up by 5% this year, survey shows

[Yahoo/Bloomberg] Hedge funds sell tech stocks ‘aggressively,’ Goldman says

[AP] Few have flood insurance to help recover from devastating Midwest storms

[Reuters] China's industrial profits growth slows sharply in May amid patchy recovery

[Reuters] Chinese money flows into bonds even as central bank warns of risks

[Yahoo/Bloomberg] China’s Financial Elite Face $400,000 Pay Caps, Bonus Clawbacks

[Reuters] Japan May retail sales rise 3.0% year-on-year, exceeding expectations

[Yahoo/Bloomberg] Japan Inflation Outlook Jumps, Backing BOJ Case for Rate Hike

[Yahoo/Bloomberg] ECB May Only Cut Rates Once More This Year, Kazimir Says

[Reuters] Philippines needs to 'do more' than protest China's actions in South China Sea, Marcos says

[Reuters] Russia considering downgrading relations with the West, the Kremlin says

[NYT] Inflation’s Wild Ride

[WSJ] Biden Administration Scrambles to Head Off Wider War Between Israel and Hezbollah

[FT] Macron’s presidency — a tragedy in four acts

[FT] Israel’s push to create a ‘dead zone’ in Lebanon

[FT] How the wealthy use collectibles as loan collateral

[FT] Did the ECB ease too early?