Saturday's News Links

[Reuters] Wall St Week Ahead Black Friday puts consumer spending in market's glare with stocks near records

[Yahoo/Bloomberg] Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar

[Axios] Trump taps hedge fund manager Scott Bessent to run Treasury

[AP] What to know about Scott Bessent, Trump’s pick for treasury secretary

[NPR] NATO and Ukraine to hold emergency talks after Russia's attack with new missile

[CNN] China is armed and ready for trade war 2.0 with Donald Trump

[Yahoo/Bloomberg] History Is Useless for Wall Street Pros Betting on Stocks Rally

[Yahoo/Bloomberg] US Debt Load Tops Fed’s Survey of Financial Stability Risks

[Yahoo/Bloomberg] US CLO Sales Reach Nearly $185 Billion to Surpass Record

[CNBC] Data centers powering artificial intelligence could use more electricity than entire cities

[Yahoo/Bloomberg] The Next AI Battle: Who Can Get the Most Nvidia Chips in One Place

[Yahoo/Bloomberg] Charting the Global Economy: Prospects Dim for European Economy

[Yahoo/Bloomberg] Europe Is Already Facing Its Next Energy Crisis

[Reuters] Putin says Russia will keep testing new missile in combat

[Guardian] Wire cutters: how the world’s vital undersea data cables are being targeted

[WSJ] Trump Picks Scott Bessent as Treasury Secretary

[FT] How long will Trump’s honeymoon with the stock market last?

[FT] Leveraged hedge funds magnified August market sell-off, Fed says

[FT] Banks and private credit: best of frenemies?

[FT] The delusions behind a bitcoin strategic reserve