Wednesday's News Links

[CNBC] Dow pops after Trump announces Japan trade deal: Live updates

[CNBC] GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up

[Reuters] Buyers flee Japanese bonds as political, fiscal risks rise

[AP] Asian markets gain, with Japan’s Nikkei up more than 3%, lifted by deal on Trump’s tariffs

[CNBC] Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high

[AP] Trump announces trade deal with Japan that lowers threatened tariff to 15% 

[Yahoo/Reuters] Key facts on the US-Japan tariff deal

[Yahoo/Reuters] Japan, US agree to keep current 50% tariff on steel, aluminium, NHK reports

[Yahoo/Reuters] Trump administration not in a rush to replace Powell, Treasury chief Bessent says

[Yahoo/Bloomberg] US Nuclear Weapons Agency Breached in Microsoft SharePoint Hack

[Axios] OpenAI's data center ambitions collide with reality

[Yahoo/Bloomberg] JPMorgan Warns of Stocks Complacency as Earnings Outlook Dims

[Yahoo/Bloomberg] Defiant Ishiba Seeks to Prolong Premiership After US-Japan Deal

[Yahoo/Reuters] BOJ paints gloomy view on economy, signalling go-slow on rate hikes

[Bloomberg] Fed Legend Paul Volcker Would Shrug Over This Attack

[Bloomberg] Japan 40-Year Bond Auction Sees Weakest Demand Ratio Since 2011

[Bloomberg] Tally of Microsoft Victims Surges to 400 as Hackers Capitalize on SharePoint Flaw

[Bloomberg] GoPro, Krispy Kreme Surge as Markets Abuzz About Meme Stocks

[Bloomberg] EU Readies €100 Billion No-Deal Plan to Match US 30% Tariff

[Bloomberg] China’s Long Bonds Join Global Drop as US Trade Tensions Ease

[NYT] As the Dollar Slides, the Euro Is Picking Up Speed

[NYT] Behind Japan’s Trade Deal: 8 Rounds of Talks and ‘Hurrying Slowly’

[WSJ] Trump Goes to Bat for Big Tech in Global Trade Talks

[WSJ] Trump’s Fixation With Greenland Has Ended Denmark’s Love Affair With the U.S.

[FT] Germany and France push EU to prepare trade reprisals against US

[FT] Demand for long-dated Japanese bonds hits 14-year low on PM resignation fears

[FT] Emerging market borrowing premium over US falls to nearly lowest since 2007

[FT] Companies increase lobbying to try to shape Washington’s AI policy

Tuesday Evening Links

[CNBC] S&P 500 futures are little changed after index notches back-to-back closing records: Live updates

[Yahoo/Bloomberg] AI Boom Drives Power Costs to New Record on Biggest US Grid

[CNBC] AI startups raised $104 billion in first half of year, but exits tell a different story

[CNBC] Japan could be in a weaker position in trade talks after Ishiba’s upper house defeat, experts say

[Axios] Microsoft hack risk spreads as cybercriminals and nation-states pile in

[Reuters] Japan PM Ishiba to decide his future after assessing tariff talks progress, Yomiuri says

[Bloomberg] Texas Instruments Plunges After Forecast Fuels Tariff Fears

[Bloomberg] Yen Carry Traders See Opportunity in Ishiba’s Election Setback

[Bloomberg] Japan Faces 40-Year Debt Sale as Fiscal Fears Linger After Vote

[Bloomberg] Asian Local-Currency Bond Sales Reach Record on Risks to Dollar

[NYT] White House Keeps Pressure on Powell Over Rate Cuts and Renovations

[WSJ] The Lunacy of Lawfare Against the Fed

[WSJ] AI Search Is Growing More Quickly Than Expected

[WSJ] At the Fed’s Banking Conference, Sam Altman, Capital Rules and Avoiding the Powell Drama

[FT] Microsoft accuses Chinese hackers of exploiting SharePoint software

Tuesday Afternoon Links

[AP] US stocks hang around their records as GM and others show how tariffs are impacting them

[Yahoo/Bloomberg] Oil Extends Loss as Trade Negotiations Intensify Before Deadline

[Yahoo/Reuters] Trump says Fed's Powell will be out soon

[Yahoo/Reuters] Analysis-De-risking mood adds more demand for US corporate bonds

[Bloomberg] Trump Weighing Effort to Remove Capital Gains Tax on Home Sales