Saturday, May 3, 2025

Saturday's News Links

[Yahoo/Bloomberg] In Wall Street’s Epic Comeback, Unsolved Market Mysteries Abound

[Yahoo/Reuters] Trump says US in transition period, downplays impact of short-term recession

[Axios] The biggest winners and losers in Trump's budget

[Reuters] US equity funds see outflows for third straight week

[Reuters] OPEC+ agrees another accelerated oil output hike for June

[Reuters] Hong Kong authority intervenes in market to check local currency's rise

[Yahoo/Bloomberg] Global Factories Struggle to Overcome Trump Tariffs, Uncertainty

[Politico] Trump’s minerals deal with Ukraine leaves scramble for how to handle Russia

[AP] Australia’s Prime Minister Anthony Albanese wins a second 3-year term

[AP] Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre

[Reuters] Ukraine says it shot down Russian fighter jet from sea drone for first time

[NYT] U.S. and China Dig In on Trade War, With No Plans for Formal Talks

[NYT] Republicans Wrestle With Trump’s Demands for Tax Cuts

[NYT] Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices

[NYT] Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions

[WSJ] Car Buyers Rushing to Beat Tariffs Find It’s Tougher to Get Financing

[WSJ] In Trump 2.0, ‘Free Trade’ Republicans Are a Dying Breed

[WSJ] Harvard President Says Any Move to Revoke Tax-Exempt Status Would Be ‘Highly Illegal’

[WSJ] First Canada, Now Australia: The Trump Factor Boosts Another World Leader in an Election

[FT] Private equity’s bind should prompt an investor rethink

[FT] US ability to defeat China in Taiwan threatened, top Indo-Pacific commander warns