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Thursday, June 26, 2025

Friday's News Links

[CNBC] S&P 500 rises to new record, overcoming tariff and geopolitical fears

[Yahoo/Bloomberg] Asian Markets in Full Swing as Investors Shake Off Trade Jitters

[Yahoo/Reuters] Oil Steadies at End of Turbulent Week as Focus Shifts to Tariffs

[Yahoo/Reuters] US consumer spending falls unexpectedly in May

[AP] Key inflation gauge rose last month while Americans cut back on spending

[Yahoo/Bloomberg] Bessent Says Trump’s Trade Push Could Wrap by US Labor Day

[Axios] It's judgment time for John Thune on the "big, beautiful bill"

[Axios] House GOP fumes at changes to Trump bill: "Insulting and disgusting"

[Axios] Big America hedge affects dollar's global standing

[Politico] EU leaders try to out-bully Trump, floating world trade club without US

[Yahoo/Reuters] Fed's Kashkari says more clarity needed on tariffs' impact on inflation

[AP] Unemployment among young college graduates outpaces overall US joblessness rate

[Yahoo/Bloomberg] BofA’s Hartnett Sees Risk of Stock Bubble on Fed Pivot, Tax Cuts

[CNBC] China’s industrial profits plunge 9.1%, steepest fall in seven months

[AP] World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier

[Bloomberg] Taiwanese Investors Flee US Bond ETFs as Currency Risks Mount

[Bloomberg] Life Insurers Boost Private Debt Investments In Grab for Yield

[NYT] The A.I. Frenzy Is Escalating. Again.

[NYT] Republicans Prepare to Open ‘Pandora’s Box’ of Budget Gimmicks

[WSJ] China Confirms Breakthrough on Rare-Earth Exports to U.S.

[WSJ] Taiwan Dollar Strength Spells Trouble for Tech Exporters, Insurers

[FT] Tett: Gold glitters as mistrust spreads