Monday's News Links

[CNBC] Stocks slide after U.S. debt downgrade highlights deficit risk: Live updates

[Reuters] Treasury yields rise; stocks, dollar retreat after US downgrade

[Yahoo/Bloomberg] Gold Gains as Dollar Slides Following Moody’s US Downgrade

[AP] Asian shares slide and US futures and dollar drop after Wall Street’s winning week

[The Hill] Republicans advance Trump’s ‘big, beautiful bill’ in unusual late-night vote

[AP] Trump’s big bill advances in rare weekend vote as House conservatives negotiate changes

[CNBC] CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market

[Yahoo/Bloomberg] Options Traders Wary of Trump Treat China Rally With Caution

[Yahoo/Reuters] JPMorgan says charge-offs in card portfolio could be higher in 2026

[Yahoo/Reuters] Explainer-The 'triple A' sovereign bond club has shrunk

[AP] Trump hopes for ceasefire progress in Russia-Ukraine war in Monday calls with Putin and Zelenskyy

[AP] The UK and the EU hail new chapter as they ink new deals, 5 years after Brexit

[CNBC] China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry

[Yahoo/Reuters] China struggles to lift home prices as April shows no growth

[Reuters] Taiwan is not ruling out 'political warfare' by China, coast guard says

[Bloomberg] Bond Investors Detect Trouble in US Debt Stripped of AAA Rating

[Bloomberg] What the US Losing Its Last AAA Credit Rating Means

[Bloomberg] Fed’s Bostic Flags Inflation Concerns, Sees One Cut This Year

[Bloomberg] Florida’s Housing Market Softens as Climate-Related Costs Mount

[Bloomberg] When a Neighborhood Floods, Foreclosures Often Follow

[Bloomberg] Japan’s Ishiba Says Won’t Fixate on US Trade Talk Time Limits

[Bloomberg] Iran Says Its Uranium Enrichment Is ‘Absolutely Non-Negotiable’

[NYT] The ‘Sell America’ Trade Makes a Comeback

[NYT] The U.S. Under Trump: Alone in Its Climate Denial

[WSJ] The Stark Math on the GOP Tax Plan: It Doesn’t Cut the Deficit

[WSJ] Will Anyone Take the Factory Jobs Trump Wants to Bring Back to America?

[WSJ] America’s College Towns Go From Boom to Bust

[WSJ] China’s Economy Feels the Sting From Trade War

[FT] US borrowing costs top 5% after Moody’s downgrade

[FT] Scott Bessent warns of maximum tariffs as US takes tougher line on trade talks

[FT] Rise in loans to US non-bank financial groups raises systemic risk fears

[FT] Climate disasters are raising risk of US home repossessions, warns research group

[FT] Are Big Oil companies prepared for a prolonged market downturn?

[FT] Putin thinks that time is on his side

Sunday Evening Links

[CNBC] Stock futures slide after U.S. debt downgrade highlights deficit risk: Live updates

[Axios] Prices will rise, Bessent says, as tariff pressure grows

[CNBC] House Speaker Mike Johnson stresses importance of Memorial Day deadline as ‘historic’ budget bill heads for revote

[AP] Trump’s tariffs may mean Walmart shoppers pay more, his treasury chief acknowledges

[WSJ] Donald Trump Plays Walmart CEO

[WSJ] Putin’s Plan to Outlast Ukraine and the U.S.

[WSJ] China Fills the U.S. Void in the Americas

[FT] The markets are declaring tariff victory too soon

[FT] Pro-EU centrist wins Romanian presidency in stunning reversal