Thursday's News Links

[Yahoo/Bloomberg] Stocks Extend Losses as Worries Go Beyond AI Froth: Markets Wrap

[Reuters] Tech tailspin whacks world stocks, yen roars to 2-1/2-month peak

[Yahoo/Bloomberg] Treasuries Lead Global Bond Rally as Traders Bet Cuts Are Near

[Reuters] Yen jumps as carry trades unwind, risk mood sours

[Yahoo/Bloomberg] Markets Tear Up the Popular Trades That Reached ‘Stupid Levels’

[Reuters] Morning Bid: Growth angst or air pocket? Stocks nurse losses

[Reuters] US economic growth regains steam in second quarter; inflation slows

[AP] Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

[Yahoo/Bloomberg] Japan Business Service Prices Jump, Backing Case for Rate Hike

[MSN/AFP] World's Richest 1% Gained $40 TN in a Decade

[Yahoo/Bloomberg] Brazil’s Annual Inflation Tops All Forecasts, Backing High Rates

[Bloomberg] Tech-Stock Selloff Threatens to Make IPOs an Even Harder Sell

[WSJ] U.S. Economy Grew a Robust 2.8% in Second Quarter

[WSJ] An Increase in Uninsured Drivers Is Pushing Up Costs for Everyone Else

[WSJ] China’s Central Bank Cuts Key Policy Rate in Surprise Move

[FT] The yen’s short-smashing, carry-crunching Trump jump

[FT] Will US companies keep faith in the ‘Texas miracle’?

[FT] Russia and China fly joint air patrols near US for first time

[FT] The Middle East’s problems extend far beyond Gaza

Wednesday Evening Links

[Yahoo/Bloomberg] Stocks Tumble as Wall Street Gets AI Wake-Up Call: Markets Wrap

[Reuters] S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

[Yahoo/Bloomberg] US Yield Curve Steepens as Bond Traders See Fed Cuts Looming

[Yahoo/Bloomberg] Leveraged Tech Bets Get Crushed After Drawing in $2 Billion

[Reuters] 'Fear gauge' hits three-month high as US stocks sell off

[CNBC] Inflation, $2,000 camps are creating a summer crisis for working parents: ‘It is complete chaos’

[Reuters] Hamas senior official: Netanyahu speech shows he doesn't want ceasefire deal

[NYT] S&P 500 Suffers Biggest Drop Since 2022 as Tech Stocks Crater

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Hit as Traders Want Signs AI Is Paying Off: Markets Wrap

[Reuters] Gold rises on softer dollar, traders eye more US data

[Reuters] Oil prices rise off six-week lows as US fuel stocks decline

[Reuters] US business activity edges higher; pricing power diminishing

[Reuters] US new home sales fall to seven-month low in June

[Yahoo/Bloomberg] Real Estate Market Is Broken for Everyone Except the Ultra Rich

[Reuters] Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix

[Yahoo/Bloomberg] Climate change is ending the Sun Belt boom

[Reuters] Bank of Canada cuts rates, sees weaker economy in 2024