Thursday's News Links

[CNBC] Stocks rise after Chinese state media says Trump and Xi held call: Live updates

[Yahoo/Reuters] Japan's 30-year bonds rise as weak auction adds to pressure to curtail issuance

[Yahoo/Bloomberg] Silver Gains Ground on Gold With Jump to Highest Since 2012

[CNBC] Trump holds call with Xi, Chinese media says

[AP] The number of Americans filing for jobless benefits last week rises to highest level in eight months

[Yahoo/Bloomberg] US plans wider China tech curbs targeting subsidiaries

[Yahoo/Reuters] US auto suppliers say immediate action needed on China rare earths restrictions

[Axios] Trump's incredibly volatile tariff landscape, in one chart

[AP] Trump announces travel ban and restrictions on 19 countries set to go into effect Monday

[Yahoo/WSJ] ECB Cuts Rates for Eighth Time, Widening Gap With Fed

[Yahoo/Bloomberg] Home Remodeling Bond Sales Surge as Americans Avoid Moving

[Bloomberg] US Business Optimism Slumps in ‘Clear Pivot’ From Trump Election

[Bloomberg] Why Trump Has Doubled Down on Steel and Aluminum Tariffs

[Bloomberg] US Trade Deficit Narrows by Most on Record as Imports Plunge

[Bloomberg] Global Bond Auctions Show Weaker Trend as Fiscal Angst Grows

[Bloomberg] Trump Stymied in ‘Art of the Deal’ Approach to World’s Strongmen

[Bloomberg] Japan 30-Year Bond Auction Sees Weakest Demand Since 2023

[Bloomberg] Why Property Giant New World’s Debt Woes Have Hong Kong on Edge

[WSJ] Trump’s Crackdown on Foreign Students Threatens to Disrupt Pipeline of Inventors

[WSJ] Trump Bans Citizens of 12 Countries From Traveling to U.S.

[WSJ] How the Houthis Rattled the U.S. Navy—and Transformed Maritime War

[WSJ] Germany’s Leader Has a Message for Trump: We Need You, but You Also Need Us

[FT] Big investors shift away from US markets

[FT] ‘Zombie fires’ fuel intense Canadian blazes as weather warms

[FT] Why does Maga world hate Europe?

[FT] Kim Vows Full Backing for Putin as Ties With Russia Deepen

Wednesday Evening Links

[Yahoo/Bloomberg] Treasury Yields Tumble as Wagers on September Fed Rate Cut Grow

[CNBC] Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

[AP] Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

[AP] Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

[Axios] Businesses are raising prices after tariffs —  even on unaffected goods

[Reuters] China increases scrutiny over rare earth magnets with new tracking system

[Axios] Musk demands do-over on Trump budget bill

[Axios] Republicans scramble to avoid a war with Elon Musk

[AP] Trump says Putin told him that Russia will respond to Ukrainian attack on airfields

[Yahoo/Bloomberg] Mexico’s Sheinbaum to Defend Steel Industry If US Tariff Deal Fails

[AP] Trump promised to welcome more foreign students. Now, they feel targeted on all fronts

[Bloomberg] The Rare-Earth Fight Imperiling US-China Trade Peace, Explained

[Bloomberg] Lutnick Says Hurricane Center’s Fully Staffed Despite Key Vacancies

[Bloomberg] Trump Is Creating ‘Chaos’ for US Energy, Quantum Founder VanLoh Says

[Bloomberg] Japan’s Biggest Fear Isn’t China or North Korea. It’s the US.

[Bloomberg] Hong Kong Has All But Abandoned the Dollar Peg

[NYT] How Higher Tariffs on Steel and Aluminum Will Affect Companies

[NYT] The White House Wants 90 Trade Deals in 90 Days. So Far, It May Have 1.

[FT] Iran’s supreme leader hits back at US nuclear proposal

[FT] Loan defaults are looking worse below the surface

[FT] EU urges China to loosen rare earth curbs as carmakers near crisis point

[FT] Donald Trump tells Jay Powell to cut rates as data raises concern for US economy

Wednesday Afternoon Links

[CNBC] Stocks are little changed thanks to weak jobs data: Live updates

[Yahoo/Bloomberg] Treasury Yields Slide on Fresh Evidence US Economy Is Weakening

[Yahoo/Bloomberg] Oil Falls as Saudi Arabia Seeks More Major Production Hikes

[CNBC] Trump says he spoke to Putin, predicts no ‘immediate’ peace for Russia and Ukraine

[Yahoo/Reuters] US service sector unexpectedly contracts in May; inflation heats up

[Yahoo/Bloomberg] Trump’s Late-Night Lament Over Xi Deepens Impasse in Trade Fight

[Yahoo/Bloomberg] Lutnick Says He Expects Tariff Review on Aircraft Parts Soon