Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Fall in Run-Up to Powell as US Yields Jump: Markets Wrap

[Yahoo/Bloomberg] Oil Rises From January Low as Technicals Signal Selloff Overdone

[Reuters] US business activity edges lower; pricing power ebbs further

[Reuters] US existing home sales rise more than expected in July

[Reuters] US 30-year fixed-rate mortgage slips to lowest level since May 2023

[AP] Canada’s 2 major freight railroads at a full stop; government officials scramble

[Yahoo/Bloomberg] Fed’s Harker Says Need More Data Before Deciding Rate-Cut Size

[Yahoo/Bloomberg] El-Erian Says Market Is Pricing In Too Many Fed Rate Cuts

[WSJ] Ukrainian Drones Hit Russian Military Air Base as Kyiv Escalates Long-Range Strikes

[FT] Taiwan’s top security officials make secret trip to US for talks