Wednesday, November 5, 2025

Thursday's News Links

[CNBC] Stocks are steady as traders eye AI trade, Supreme Court on tariffs: Live updates

[AP] Shutdown progress in doubt as Democrats grow emboldened from election wins

[Reuters] Supreme Court's 'major questions' doctrine looms over fate of Trump's tariffs

[AP] Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes

[CNBC] Job cuts in October hit highest level for the month in 22 years, Challenger says

[Axios] Why the AI executives are mad at their investors

[The Hill] Household debt hits record $18.6T as delinquencies remain elevated

[Yahoo/Bloomberg] Mamdani’s ‘Trump-Proofing NYC’ Campaign Sets Up Fight With White House

[Reuters] Bank of England holds rates in knife-edge vote that hints at December cut

[Reuters] Russia's Volgograd oil refinery halts operations after Ukrainian drone attack, sources say

[Bloomberg] The Fed’s New Patience Recognizes Reality

[Bloomberg] UBS Boss Is Right on Private Credit Rating Risks

[Bloomberg] The AI Bubble Has Sucked in France and Germany, Too

[Bloomberg] Ukraine Claims Drone Attack at Lukoil Oil Refinery in Russia

[NYT] What a Rough Day in Court Means for Trump’s Tariffs

[WSJ] U.S. to Reduce Flight Traffic by 10% at 40 Airports Because of Shutdown

[WSJ] A Justice-by-Justice Breakdown on Trump’s Tariffs

[WSJ] Employers Cut More Than a Million Jobs This Year

[WSJ] Economic Anger Once Again Punishes the Party in Power

[WSJ] AI Is Accelerating Tech Giants’ Dominance of the Ad Market

[WSJ] Trump’s Tariffs Are a Massive Money Grab. That’s Why They Are in Trouble.

[WSJ] Trump Expresses Reservations Over Strikes in Venezuela to Top Aides

[FT] Utah’s First Brands whale even leased the office furniture

[FT] US adds ‘poison pills’ to Asia trade pacts to counter China

[FT] Leverage creeps into gilts market as insurers seek to boost returns

[FT] Life insurer Brighthouse agrees to $4.1bn takeover by Aquarian

[FT] China borrows as cheaply as US in dollar bond market