Thursday's News Links

[Yahoo/Bloomberg] US Chipmakers Set to Bounce as TSMC Result Cheers: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Advance After US Crude Stockpiles Post Another Drop

[Yahoo/Bloomberg] Emerging-Market Stocks Have Longest Selloff in Year on Tech Rout

[Reuters] Morning Bid: TSMC steadies the chips, ECB and Netflix eyed

[Reuters] Tech stocks wobble on deepening Sino-US chip war

[AP] More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks

[AP] European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

[Yahoo/Bloomberg] Hottest Macro Short at Risk as Rate Bets Finally Favor the Yen

[Yahoo/Bloomberg] Xi’s Big Economic Meeting Shows Party Bracing for Slower Growth

[CNBC] What would a second Trump presidency mean for China? Goldman Sachs weighs in

[Reuters] BOJ wants to maintain accommodative monetary environment, Jiji reports

[AP] Uncertainty is the winner and incumbents the losers so far in a year of high-stakes global elections

[Reuters] How Iran's Khamenei elevated a little-known moderate to the presidency

[WSJ] China’s Leaders Point to Economic Threats but Show No Sign of Changing Tack

[FT] Investors revive ‘Trump trade’ in bet on US bonds

[FT] China’s leaders warn of economic risks and call for stronger social controls

[FT] Can the returns from Big Tech’s staggering capex live up to the hype?

[FT] France’s hung parliament faces first test with president vote

[FT] The bear case for AI

Wednesday Evening Links

[Yahoo/Bloomberg] Asian Stocks to Fall as Chip Selloff Gains Steam: Markets Wrap

[Reuters] Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally

[Yahoo/Bloomberg] High-Flying Chipmakers See Worst Plunge Since 2020: Markets Wrap

[Reuters] Chip stocks shed over $500 billion in value on China trade fears

[Yahoo/Bloomberg] Dollar Falls to Weakest Since May as Yen Rally Shakes Up Markets

[Reuters] Hedge funds shed risk in tech megacap sell-off, Goldman says

Wednesday Afternoon Links

[Reuters] Megacap tech, chip stock rout drags Nasdaq to two-week low; Dow outperforms

[Yahoo/Bloomberg] Nasdaq 100 Set for Worst Day Since December 2022: Markets Wrap

[Reuters] Yen jumps on possible intervention, sterling hits one-year high

[Reuters] Top Fed officials say they are 'closer' to cutting interest rates

[Yahoo Finance] Trump turns up heat on Fed ahead of expected rate cuts: 'It's something that they know they shouldn’t be doing.'

[Reuters] US online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says

[Yahoo/Bloomberg] Cost-Conscious Shoppers Pose Risk to Blistering US Stock Rally

[WSJ] Foreign Buyers of U.S. Homes Pay Record Prices, but Sales Dwindle

[FT] Fed officials signal cuts ‘getting closer’ as inflation cools

[FT] China deploys censors to create socialist AI