Wednesday's News Links

[CNBC] Dow futures slide 300 points after data shows economy contracted last quarter: Live updates

[Reuters] Oil prices down, poised for biggest monthly fall since 2021

[AP] U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

[CNBC] U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

[CNBC] Private payroll growth slowed to 62,000 in April, well below expectations

[CNBC] Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market

[AP] Trump’s tariffs loom over the economy as shipments from China fall

[Yahoo/Reuters] Tarnished Magnificent 7 stocks rebound faces test with earnings

[Axios] 100 days of Trump's impact on the U.S. dollar

[Reuters] Foreign demand for US assets will wane unless the dollar slides more: Goldman Sachs

[Axios] Trump's late push for huge new corporate tax cuts

[Yahoo/Reuters] China's factory activity slows as US tariffs hit export orders

[Reuters] Japan's factory output slides as Trump tariffs jolt manufacturers

[AP] Kremlin says a deal to end the war with Ukraine can’t be achieved quickly

[Reuters] Pakistan says intelligence suggests Indian military action likely soon

[Bloomberg] US Keeps Long-Term Debt Sales Guidance, May Enhance Its Buybacks

[Bloomberg] Old Wisdom of ‘Sell in May’ Back in Focus as Stock Market Churns

[Bloomberg] Mark Mobius Says His Funds Hold 95% in Cash on Trade War Risks

[NYT] Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain

[WSJ] Trump Touts Tariffs in Michigan Rally as Voters’ Economic Concerns Mount

[WSJ] Trade War Uncertainty Prompts New Wave of Companies to Yank Forecasts

[WSJ] China’s Export Orders Plunge, Hit by Trump’s Trade War

[WSJ] Gold Demand Shone in Early 2025 on Renewed ETF Inflows, Report Says

[FT] Tariffs hit home for small US businesses that rely on Chinese imports

[FT] Airlines warn of weakening demand for US travel among European tourists

[FT] Mark Carney prepares for talks with Donald Trump

[FT] China’s manufacturing activity shrinks as US tariffs take effect 

[FT] Chinese investors pile into gold funds at record pace

[FT] Huawei delivers advanced AI chip ‘cluster’ to Chinese clients cut off from Nvidia

[FT] In climate science, the US is now a rogue state

Tuesday Evening Links

[AP] Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories

[Reuters] Trump eases auto tariffs burden as Lutnick touts one done foreign trade deal

[Yahoo Finance] Trump: 'I have a Fed person who is not really doing a good job'

[AP] Canada’s Liberals fall short of a majority in Parliament, and Conservative leader loses his own seat

[Bloomberg] Trump Bashes Powell, Touts Tariffs at Rally Marking 100 Days

[Bloomberg] Trump Predicts China Would ‘Eat’ Tariffs, Lessening US Impact

[Bloomberg] Xi’s Tariff Fight Reveals China’s Great Divide

[WSJ] Trade War Uncertainty Prompts New Wave of Companies to Yank Forecasts

[FT] Top Trump adviser struggled to soothe investors in talks after market tumult

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Rebound as Fed-Cut Wagers Sink Bond Yields: Markets Wrap

[Yahoo Finance] Consumer confidence plunges for fifth straight month as jobs, inflation fears rise on Trump trade policy

[AP] US job openings fall to 7.2 million in March, the lowest level since September

[Yahoo Finance] Scott Bessent says China could lose 10 million jobs 'very quickly' if tariffs don't drop

[AP] Major companies face a difficult task in estimating the impact of tariffs on their business

[Bloomberg] Bessent Cites Digital Services Tax as Sticking Point in EU Talks

[Bloomberg] US Home-Price Gains Eased in February as Listings Increased

[Bloomberg] Office Loan Trouble Signal Problems Ahead for a $650 Billion Bond Market

[Bloomberg] Insurers May Face $145 Billion in Catastrophe Losses in 2025

[FT] US goods trade gap hits record high as Trump tariffs prompt import surge

[FT] Trump tariffs will push up bad loans for lenders, BoE warns