Thursday's News Links

[CNBC] S&P 500 gains as court blocks Trump tariffs, Nasdaq futures jump after Nvidia’s strong results: Live updates

[Yahoo/Bloomberg] Dollar Bounce Is Short-Lived After Trump Tariffs Move Into Limbo

[AP] Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

[AP] More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

[AP] Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

[Yahoo/Bloomberg] Goldman Says Trump Can Offset Tariff Ruling With Other Tools

[Axios] Now what? Tariff ruling creates chaos on top of chaos

[AP] What happens to Trump’s tariffs now that a court has knocked them down?

[Yahoo/Fortune] Ruling against Trump tariffs is a win for the legislative branch

[Reuters] US curbs chip design software, chemicals, other shipments to China

[Reuters] US corporate profits decrease sharply in first quarter

[AP] CEO pay rose nearly 10% in 2024 as stock prices and profits soared

[Yahoo/Bloomberg] US to Revoke Chinese Student Visas in Escalating Crackdown

[AP] Chinese students anxious and angry after Rubio vows to revoke visas

[AP] Japan’s Ishiba warns against tension over tariffs and vows to expand Asia-Pacific trade group

[Reuters] Germany seeks to levy 10% tax on online platforms like Google

[Bloomberg] DOGE Has Failed to Halt Increases in Federal Spending

[Bloomberg] Riskier Fringes of Market Are Leaving Blue-Chip Stocks Behind

[Bloomberg] China Calls US Plan to Revoke Student Visas ‘Discriminatory’

[Bloomberg] Goldman Warns World’s Best Carry Trade at Threat From Lira Slide

[NYT] Export Controls Are Endangering the Fragile U.S.-China Truce

[NYT] U.S. Pauses Exports of Airplane and Semiconductor Technology to China

[WSJ] Tariff Ruling Is a Setback for Trump but Doesn’t End Trade War

[WSJ] Trade Court Strikes Down Trump’s Global Tariffs

[FT] The bond vigilantes are on the prowl

[FT] The $1tn shadow bank lending boom

[FT] What are Trump’s fallback options to rebuild US tariff wall?

[FT] US to ‘aggressively’ revoke visas of Chinese students

[FT] How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal

[FT] China courts Asian and Gulf partners at ‘inflection point’ for global trade

Wednesday Evening Links

[CNBC] S&P 500 futures rise after Nvidia posts earnings beat: Live updates 

[CNBC] Nvidia beats on earnings and revenue as data center sales jump 73%

[AP] Trump rejects claim he’s ‘chickening out’ on tariffs just because he keeps changing rates

[AP] Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise

[CNBC] Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

[CNBC] The U.S. now has a third of the world’s millionaires and billionaires

[Axios] Trump's attacks on law firms are losing big in court

[AP] Germany’s Merz offers to help Ukraine develop its own long-range missiles to hit Russia

[Bloomberg] Bond Traders See Treasuries Selloff Going Even Further

[NYT] Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show

[WSJ] The ‘TACO Trade’ That Has Trump Fuming

[FT] Donald Trump orders US chip software suppliers to stop selling to China

[FT] Fed feared that loss of ‘haven’ status would hit US economy

Wednesday Afternoon Links

[CNBC] Stocks tick lower as traders await Nvidia earnings: Live updates

[Yahoo/Reuters] US home buyers are most uncertain since 2023 as rates surge, BofA survey shows

[Yahoo/Bloomberg] Fannie, Freddie to Keep US Guarantee If Taken Public, Trump Says

[Yahoo/Bloomberg] Harvard, MIT Lead Elite Colleges’ $4 Billion Debt Spree After Trump Threat

[Bloomberg] Fed Disbands Climate Groups Studying Financial Stability Risks

[NYT] Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices

[WSJ] Germany to Step Up Ukraine Aid as Europe Scrambles to Replace U.S.

[FT] Look at JGBs, they’re the captain now