Tuesday's News Links

[CNBC] Stocks little changed after S&P 500 posts another record close: Live updates 

[Reuters] Oil falls as trade war concerns increase worries about fuel demand

[Reuters] Bessent says he will meet Chinese officials, discuss tariff deadline extension

[Yahoo/Reuters] US Treasury chief: No need for Fed's Powell to step down right now

[Yahoo/Reuters] Bessent says he will meet Chinese officials, discuss tariff deadline extension

[Axios] AI's anything-goes moment

[Yahoo/Bloomberg] Japan’s Ishiba Tries to Buy Time as Calls Mount for New Leader

[AP] Why a far-right party in Japan made big gains

[Yahoo/Reuters] Analysis-How Japan's election outcome muddles the BOJ's policy path

[Politico] Stop playing nice with Trump on trade, France tells Brussels

[Yahoo/Bloomberg] Asia Hedge Fund New Silk Road Shuts After US Investor Pullback

[Bloomberg] Trump Targeting Trade Loopholes Risks 70% of China Exports to US

[Bloomberg] Banks Ready Fresh Push Against Tighter US Capital Rules

[Bloomberg] Trump NATO Envoy Warns China Over ‘Subsidizing’ Russia’s War

[Bloomberg] UK Borrows Billions More Than Expected as Debt Costs Surge

[WSJ] Why Are Stocks Up? Nobody Knows

[WSJ] The Global Economy Is Powering Through a Historic Increase in Tariffs

[WSJ] How China Curbed Its Oil Addiction—and Blunted a U.S. Pressure Point

[WSJ] See How Drones Are Dominating Every Corner of the War in Ukraine

[FT] Why a $2.5bn refurbishment of the Federal Reserve could be Jay Powell’s undoing

[FT] ‘Make Ishiba Go Away’: Japan’s LDP reels after historic defeat

[FT] JPMorgan explores lending against clients’ cryptocurrency

[FT] Trump — emperor of Brazil

[FT] China moves to widen influence at UN and fill US power vacuum

[FT] Asset managers launch active ETFs at record pace

Monday Evening Links

[CNBC] Stock futures are little changed after S&P 500 posts another record close: Live updates 

[AP] What to know about a vulnerability being exploited on Microsoft SharePoint servers

[Yahoo/Reuters] Bessent says Fed needs exhaustive review of non-monetary policy operations

[AP] Budget office says Trump’s tax law will add $3.4 trillion to deficits, leave 10 million uninsured

[AP] Banishing a reporter: Trump escalates battle with Wall Street Journal over Epstein story

[Politico] Putin is stepping up ‘aggressive’ hybrid attacks on Germany, spy chief warns

[Reuters] Iranian foreign minister says Iran cannot give up on nuclear enrichment

[Bloomberg] Bessent Says Review of Fed’s Building Renovations Is Needed

[Bloomberg] Large US Grid Lacks Capacity for New Data Centers, Watchdog Says

[Bloomberg] Fund Giants Put Faith in ‘Trump Put’ to Keep Stock Rally Rolling

[Bloomberg] Japanese Bonds, Stocks Vulnerable as Unpopular Ishiba Holds On

[NYT] Fed Takes Fresh Steps to Defend Renovations as White House Intensifies Attacks

[FT] Scott Bessent calls for probe into ‘the entire Federal Reserve institution’

Monday Afternoon Links

[AP] Wall Street rises toward records as Verizon begins a big week for profit reports with a beat

[AP] More Americans shift money from checking and savings to accounts with investment income, study says

[Yahoo/Reuters] NY Fed survey finds easier access to auto loans, mortgage refinancing

[Axios] Why the Fed is running big losses

[Axios] Wall Street likes the economy more than voters do

[CNN] Beef prices are the new egg prices. They’re soaring

[Yahoo/Bloomberg] Orange Juice Importer Says Trump’s Brazil Tariffs Will Raise US Prices

[Bloomberg] Trump Tax Law to Add $3.4 Trillion to US Deficits, CBO Says

[Bloomberg] US Leveraged-Loan Market Erupts With $45 Billion of New Deals

[FT] Scott Bessent calls for probe into ‘the entire Federal Reserve institution’