Wednesday's News Links

[Yahoo/Bloomberg] Stocks Rise on Dovish Rate Bets; Bond Rally Pauses: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Near Four-Month Low on Signs of Rising US Stockpiles

[Yahoo/Bloomberg] Rupiah Drop to Four-Year Low Prompts Bank Indonesia Support

[Yahoo/Bloomberg] Bond Traders Pile Into Fresh Bets on Faster Pace of Fed Cuts

[Reuters] US services sector rebounds in May

[CNBC] Private payrolls growth slows to 152,000 in May, much less than expected, ADP says

[Yahoo/Bloomberg] US Home-Purchase Applications Fall by Most Since Early April

[Yahoo/Bloomberg] Asset-Backed Debt Sales Reach $175 Billion in Bumper First Half

[Yahoo/Bloomberg] Private Equity’s Latest Move to Gin Up Cash: Borrowing Against Its Stock Holdings

[AP] Phoenix using ice immersion to treat heatstroke victims as Southwest bakes in triple digits

[Reuters] China's robust services activity drives up employment, Caixin PMI shows

[Yahoo/Bloomberg] China Risks Trade War on Two Fronts as Low-Tech Exports Soar, Too

[Reuters] Euro zone business activity expands at fastest rate in a year

[Yahoo/Bloomberg] ECB’s inflation challenge looks more and more like the Fed's

[Yahoo/Bloomberg] RBA Won’t Hesitate to Act if Inflation Is Stickier, Bullock Says

[Yahoo/Bloomberg] Dramatic Rise in Geopolitical Risk in Focus at HK Wealth Forum

[Yahoo/Bloomberg] Dalio Flags US-China ‘Economic Warfare’ Among Top Global Risks

[Bloomberg] Convertible Bond Mania Intensifies as Trip.com Follows Alibaba

[NYT] OpenAI Insiders Warn of a ‘Reckless’ Race for Dominance

[WSJ] Americans Have More Investment Income Than Ever Before

[NYT] E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts

[NYT] Europe’s Fed Problem

[WSJ] Israel and Hezbollah Move Closer to Full-Scale War

[WSJ] Asia’s Chip Giants Hustle to Maintain Their Edge Over the U.S.

[FT] Israel threatens ‘intense action’ against Hizbollah

[FT] Russia has taken out over half of Ukraine power generation

[FT] China’s plan to sell cheap EVs to the rest of the world

Tuesday Evening Links

[Reuters] Wall Street stocks end slightly higher as weak jobs data supports rate cut

[Yahoo/Bloomberg] Bonds Rally as Traders Reload Fed Bets After Data: Markets Wrap

[Reuters] Mexico, South Africa and India deliver political punch to markets

[Yahoo/Bloomberg] Summers Sees Higher US Long-Term Treasury Yields Over Time

[Reuters] Israel nears decision on Lebanon border offensive, army chief says

[FT] Mexico’s finance minister tries to reassure jittery investors

[FT] Narendra Modi set to lose parliamentary majority in shock Indian election result

Thursday Afternoon Links

[Reuters] Wall Street slips in choppy trading after weaker jobs data 

[Reuters] Oil drops more than $1/bbl as OPEC+ decision spotlights shaky demand

[Reuters] US job openings drop in April, as labor market normalizes

[Yahoo/Bloomberg] Money-Minting Peso Trade Upended by Mexico’s Election Shock

[Yahoo Finance] Ford's US sales soar 11.2% in May, powered by hybrids, trucks, and even EVs

[NYT] A Developing Heat Wave Will Be a ‘Shock to the System’

[FT] Christmas shipments rush risks deepening supply chain crisis, warns Maersk boss