Friday's News Links

[Yahoo/Bloomberg] S&P 500 Wipes Out 2025 Gains on Big Jobs Surprise: Markets Wrap

[Yahoo Finance] Stock market today: Dow, S&P 500, Nasdaq sink as jobs report blows past expectations

[Reuters] US property and casualty insurers slide as Los Angeles wildfire losses mount

[Yahoo/Bloomberg] US 30-Year Yield Hits 5% as Traders Push Back Next Fed Rate Cut

[Yahoo/Bloomberg] Oil Nears $80 on Report of More US Sanctions Against Russia

[AP] US added a strong 256,000 jobs in December as unemployment rate dipped to 4.1%

[Yahoo/Bloomberg] US Consumer Inflation Expectations Jump to Highest Since 2008

[Yahoo/Reuters] Fed seen cutting policy rate just once in 2025 as job growth surges

[Reuters] Pacific Palisades fire may spell an end to cheap homeowners insurance in California

[AP] Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

[Axios] 2024 was Earth's hottest year on record, exceeding Paris target

[Yahoo/Bloomberg] China’s Market Support Falls Short as Economic Gloom Deepens

[Bloomberg] Chinese Developers Begin New Year With Deepening Debt Woes

[NYT] L.A. Wildfires Lay Bare an Insurance Crisis

[NYT] Meet Trump’s Economic Whisperers

[NYT] China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

[WSJ] Los Angeles Fire Damage Likely to Be Costliest Blaze in U.S. History

[WSJ] Fed Official Says Further Rate Cuts Can Wait

[WSJ] The U.S. Has More Fancy Apartments Than It Is Able to Fill

[WSJ] The U.K. Is the Biggest Loser From the Rise in Yields

[WSJ] China’s Central Bank Suspends Purchase of Treasury Bonds in Open Markets

[FT] Dollar dominance means tariffs are not the only game in town

[FT] UK government borrowing costs rise towards 16-year high

[FT] ‘We’ve feared this for years’: wildfires tear through Los Angeles

Thursday Evening Links

[AP] Los Angeles wildfires live updates: Fire near West Hills neighborhood forces more evacuations

[Yahoo/Bloomberg] Asian Stocks Set for Muted Open Ahead of US Jobs: Markets Wrap

[Yahoo/Bloomberg] Bond Traders See Jobs Testing Hawkish Fed Pricing: Markets Wrap

[Yahoo/Bloomberg] Tariff Fears Spark Disconnect in Silver and Copper Markets

[Yahoo Finance] California homeowners insurance market tested as fires rage

[Yahoo/Bloomberg] US Bond Yield Surge Prompts Some Companies to Delay Debt Sales

[Yahoo Finance] Fed's Bowman said December rate cut was 'last step' in 'policy recalibration'

[Yahoo/Reuters] Fed's Schmid says central bank 'near' neutral interest rate level

[Yahoo/Bloomberg] Wall Street Bonuses to Jump by Double Digits at Big Banks

[Yahoo/Bloomberg] Bond Turmoil Raises Prospect of Slower Bank of England Rate Cuts

[Bloomberg] A Wildfire Disaster and an Insurance Crisis Collide in Los Angeles

[NYT] Los Angeles Already Had a Housing Shortage. Wildfires Will Make It Worse.

[WSJ] California’s Wildfire Insurance Catastrophe

[WSJ] Why Smoke From the Los Angeles Fires Is So Dangerous

[FT] BlackRock quits climate change group in latest green climbdown

Thursday's News Links

[Yahoo/Bloomberg] Treasuries End Four-Day Selloff; UK Assets Tumble: Markets Wrap

[Yahoo/Bloomberg] UK Market Selloff Deepens With Pound Falling to Lowest in Year

[Yahoo/Bloomberg] UK Minister Says Gilt Markets ‘Orderly’, Demand for Debt Strong

[Yahoo/Bloomberg] Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux

[Yahoo/Bloomberg] Oil Steadies as Weaker Chinese Data Counters Tighter US Stocks

[Yahoo/Bloomberg] Banks Borrow Record £51.4 Billion in Cash From BOE Repo Program

[Yahoo/Bloomberg] Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis

[Yahoo/Bloomberg] EM Assets Fall, Hit by Fed Rate Caution and New AI Chip Curbs

[AP] Firefighters battle devastating Los Angeles wildfires as winds calm somewhat

[Yahoo/Bloomberg] Fed Finds New Reason for Confidence in Obscure Inflation Gauge

[Axios] Inside Trump's closed-door meeting with Senate Republicans

[Axios] California fires stress already pressured insurance industry

[Yahoo/Bloomberg] Catastrophic Weather Drives Insured Losses to Highest Since 2017

[Yahoo Finance] Stocks are priced for 'perfection' and more vulnerable to a correction, Goldman warns

[CNBC] Asia’s central banks face a formidable challenge: An ascendant U.S. dollar

[Yahoo/Bloomberg] Vanke Bond Distress Deepens Ahead of $4.9 Billion Maturity Wall

[Yahoo/Reuters] China's consumer prices stall in 2024 on feeble demand

[Bloomberg] Brazil Retail Sales Slide With High Borrowing Costs Set to Go Up

[Bloomberg] Here Are the Tools That China Uses to Manage the Yuan

[Bloomberg] With 2024’s Record-Breaking Heat, Climate Change Is Speeding Up

[NYT] Banks Are Racking Up Wins Even Before Trump Is Back in White House

[WSJ] California Was Already in Home-Insurance Crisis Before Los Angeles Infernos

[WSJ] Wildfires Are Making Investors Nervous About Los Angeles Area Utility Again

[WSJ] ‘A Hellscape in All Directions’: The Devastating Fires That Ignited Crisis and Chaos in L.A.

[WSJ] China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan

[WSJ] China Makes More Cars Than It Needs. Now, It’s Shakeout Time.

[WSJ] BOJ Grows More Confident That Firms Will Keep Raising Wages

[FT] UK government seeks to soothe bond market nerves after borrowing costs soar

[FT] Bond market ‘police’ are back as investors patrol spending plans

[FT] Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza

[FT] Trump has limited powers to fight an economic cold war

[FT] China steps up defence of renminbi against Wall Street bets

[FT] The forces driving Turkey’s resurgence as a superpower

[FT] Catastrophes cost world $320bn in 2024, reinsurer reports