Thursday's News Links

[CNBC] Stocks rise after Microsoft, Meta post earnings beats: Live updates 

[Reuters] Yen slides as tariffs keep BOJ on hold, dollar steady

[CNBC] Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble

[Yahoo/Reuters] US announced job cuts decline in April, recruitment firm Challenger says

[Yahoo/Reuters] US Treasury chief urges Fed to cut rates

[Reuters] Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics

[Yahoo/Bloomberg] US Has Reached Out to China to Initiate Tariff Talks, CCTV Says

[Yahoo/Bloomberg] Graham Says He Has Broad Senate Support for New Russia Sanctions

[Yahoo/Bloomberg] China's April resale home prices fall as more properties put up for sale, report says

[Bloomberg] Trump Says Tariffs Politically Risky, But He’s Not Rushing Deals

[Bloomberg] Bessent Says Two-Year Treasuries Are Signaling Fed Should Cut

[Bloomberg] Musk Says DOGE ‘Should Definitely’ Examine Federal Reserve Costs

[Bloomberg] Yen Falls, Bonds Rise as BOJ Pushes Back Timing of Price Goal

[WSJ] Home Builders Are Piling on Discounts as They Struggle to Entice Buyers

[WSJ] How the U.S. Oil Industry Has Taken a Beating Under Trump, in Charts

[WSJ] Beijing Doesn’t Want America to See Its Trade-War Pain

[WSJ] Bank of Japan Leaves Rates Steady, Cuts Forecasts Amid Tariff Uncertainty

[FT] China signals opening for trade talks with US

[FT] Bank of Japan slashes growth forecasts on tariff fears

[FT] General Motors warns of $5bn tariff hit even after Trump’s relief measures

[FT] Janet Yellen warns Trump tariffs will have ‘tremendously adverse’ impact

[FT] Donald Trump’s bombing campaign against Houthis tests his vow to ‘stop wars’

[FT] Australia: caught between a slowing China and a chaotic US

Wednesday Evening Links

[CNBC] S&P 500 stock futures rise after Microsoft, Meta post earnings beats: Live updates

[CNBC] Microsoft shares jump 9% on earnings and revenue beat, uplifting forecast

[Reuters] Oil settles lower, posts steepest monthly decline since 2021

[AP] Wall Street storms back from early losses, echoing its manic moves through a historic April

[AP] Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war

[AP] US, Ukraine sign economic deal after Trump presses Kyiv to pay back US for help in repelling Russia

[Bloomberg] Pro-SALT Republicans, House Leaders Divided Over Tax Break

[WSJ] GOP Weighs More Taxes on Companies for Top Executives’ Pay

[WSJ] Fannie and Freddie May Foment Another Crisis

[FT] EU readies ‘plan B’ should Trump walk away from Ukraine talks

[FT] US urges India and Pakistan to de-escalate tensions

Wednesday Afternoon Links

[CNBC] Dow falls 200 points after first-quarter GDP contracts, raising recession fears: Live updates 

[Yahoo/Bloomberg] Bond Yield Curve Steepens on Mixed Data, Treasury Refunding Plan

[Yahoo/Bloomberg] Oil Slump Accelerates on Signs OPEC+ Will Maintain Higher Output

[Yahoo Finance] Shrinking GDP and elevated inflation put Fed in tough spot

[Yahoo/WSJ] U.S. Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs

[Yahoo/Reuters] US consumer spending surges in March, inflation cools

[Yahoo/CNN] Consumer spending soared in March as Americans tried to get ahead of tariffs

[Yahoo Finance] Housing contract activity saw a big jump in March before rate volatility began

[Yahoo/Reuters] Fed should ditch current policy framework, group of former top central bankers says

[Yahoo/Reuters] Europe's major banks signal caution as ominous outlook tempers profit wins

[BBC] Xi's real test is not Trump's trade war

[Bloomberg] US Leveraged Loans Poised for Rare Consecutive Monthly Losses

[Bloomberg] External Fed Review Calls for Guardrails Around Asset Purchases

[Bloomberg] China Sovereign Fund Cuts US Private Assets Amid Trade War Risk

[FT] What the US stands to lose from a dented dollar

[FT] The Iberian blackout is a wake-up call