Wednesday, June 4, 2025

Wednesday Evening Links

[Yahoo/Bloomberg] Treasury Yields Tumble as Wagers on September Fed Rate Cut Grow

[CNBC] Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

[AP] Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

[AP] Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

[Axios] Businesses are raising prices after tariffs —  even on unaffected goods

[Reuters] China increases scrutiny over rare earth magnets with new tracking system

[Axios] Musk demands do-over on Trump budget bill

[Axios] Republicans scramble to avoid a war with Elon Musk

[AP] Trump says Putin told him that Russia will respond to Ukrainian attack on airfields

[Yahoo/Bloomberg] Mexico’s Sheinbaum to Defend Steel Industry If US Tariff Deal Fails

[AP] Trump promised to welcome more foreign students. Now, they feel targeted on all fronts

[Bloomberg] The Rare-Earth Fight Imperiling US-China Trade Peace, Explained

[Bloomberg] Lutnick Says Hurricane Center’s Fully Staffed Despite Key Vacancies

[Bloomberg] Trump Is Creating ‘Chaos’ for US Energy, Quantum Founder VanLoh Says

[Bloomberg] Japan’s Biggest Fear Isn’t China or North Korea. It’s the US.

[Bloomberg] Hong Kong Has All But Abandoned the Dollar Peg

[NYT] How Higher Tariffs on Steel and Aluminum Will Affect Companies

[NYT] The White House Wants 90 Trade Deals in 90 Days. So Far, It May Have 1.

[FT] Iran’s supreme leader hits back at US nuclear proposal

[FT] Loan defaults are looking worse below the surface

[FT] EU urges China to loosen rare earth curbs as carmakers near crisis point

[FT] Donald Trump tells Jay Powell to cut rates as data raises concern for US economy