Wednesday Evening Links

[CNBC] Stock futures are little changed after S&P 500 posts first winning session in three: Live updates 

[Axios] Trump goes after Brazil with sweeping tariff threats over Bolsonaro, tech

[AP] Trump tariffs goods from Brazil at 50%, citing ‘witch hunt’ trial against country’s former president

[Yahoo/Bloomberg] Meta Poached Apple’s Pang With Pay Package Over $200 Million

[Yahoo/Bloomberg] Amazon Prime Day Sales Off 41% First Day, Brand Adviser Says

[Bloomberg] Brazil Asks US Embassy to Explain Pro-Bolsonaro Statement

[NYT] Fed Minutes Underscore Divisions Over Pace of Interest Rate Cuts

[WSJ] The Economic Drain of Mass Deportation

[WSJ] The Real Budget Fight Begins

[FT] Donald Trump threatens to impose 50% tariff on Brazil

Wednesday Afternoon Links

[CNBC] S&P 500 rebounds after 2 days of losses, Nvidia leads gain as it reaches $4 trillion market value: Live updates

[Yahoo/Reuters] Trump says U.S. interest rate is at least 3 points too high

[Axios] Minutes show Fed officials divided over tariff-driven inflation

[Yahoo/Reuters] Fed minutes show little support for rate cut later this month

[Yahoo Finance] Trump makes new tariff threats from the Philippines to Moldova as his trade letter tally reaches 21

[Bloomberg] Fed Minutes Show Committee Split Around Inflation Worries

[Bloomberg] US Political Tension Climbs to Six-Year High in Philly Fed Index

[WSJ] A Hazy Inflation Outlook Divides the Fed

[WSJ] Warehouse Vacancies Climb to Highest Level in More Than a Decade

[WSJ] Five Things to Know About Record Copper Prices

[WSJ] Tight Diesel Supplies Threaten To Raise Transport, Heating Costs

[FT] Fed says most policymakers see risks tariffs will cause ‘persistent’ inflation

[FT] Top financial watchdog recommends limits on hedge fund leverage

Wednesday's News Links

[CNBC] Stocks rise as investors monitor Trump tariff developments: Live updates

[Yahoo/Bloomberg] Oil Extends Gain as UAE Signals Strong Demand for OPEC+ Barrels

[Yahoo/Reuters] White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports

[BBC] Trump delays tariffs as the rest of the world plays hardball

[Yahoo Finance] Trump’s search for Powell’s replacement at the Fed is getting louder

[Yahoo/Bloomberg] Powell’s Successor May Struggle to Deliver the Rate Cuts Trump Wants

[AP] Trump’s trade blitz produces few deals but lots of uncertainty

[Yahoo/Bloomberg] US mortgage applications to buy a home jump to two-year high

[Yahoo/Reuters] Analysis-America's largest power grid is struggling to meet demand from AI

[Axios] AI is changing the world faster than most realize

[Yahoo/Reuters] China's factory-gate deflation worst in 2 years as trade war bites

[Reuters] Greek ship attacked in Red Sea sinks: 4 dead, 7 rescued, 14 missing

[AP] Russia batters Ukraine with more than 700 drones, the largest barrage of the war, officials say

[Bloomberg] Copper Market in Turmoil as Trump Touts 50% Tariff on US Imports

[Bloomberg] Deep In a Fiscal Hole, Congress Just Keeps Digging

[NYT] Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify

[NYT] Trump Didn’t Always Tout Tariffs. Now He Sees Them as a Way to Flex Power.

[WSJ] Two Kevins Battle to Be Next Fed Chair in Trump’s ‘Apprentice’-Style Contest

[WSJ] Trump Delayed Reciprocal Tariffs After Bessent Wanted More Time on Deals

[WSJ] Increased Hedging of U.S. Exposure by Foreign Investors May Weaken Dollar, BOE Says

[WSJ] Trump Calls Out the Putin Charade

[WSJ] China’s Downward Price Pressures Stayed Elevated in June

[WSJ] ECB Should Prepare for More Volatile Price Pressures, Bundesbank’s Nagel Says

[FT] Investors shrug off Donald Trump’s 200% tariff threat on pharma

[FT] Donald Trump’s ‘tariff wall’ takes shape around south-east Asia’s factories

[FT] Red Sea ship insurance prices jump as Houthis resume attacks

[FT] Western Europe keeps setting new heat records as fastest-warming continent