Thursday's News Links

[CNBC] S&P 500 futures are little changed after Alphabet, Tesla post earnings: Live updates

[AP] US applications for jobless benefits fall for sixth straight week, remain at historically low level

[AP] Trump to visit Federal Reserve headquarters as feud with its chair continues

[Reuters] Conditions as loose as 2021 call into question more Fed cuts

[Yahoo/Bloomberg] Microsoft Hack Hits Hundreds of Firms, Agencies as Damage Spreads

[Axios] What meme stock mania says about the market rally

[Axios] Trump's "Russiagate" crusade enters fraught new territory

[AP] European Central Bank leaves interest rates unchanged as it assesses impact of Trump tariffs

[Reuters] China's Xi warns EU to 'make correct strategic choices' at tense summit

[AP] Europe and China holding scaled-back summit with expectations low for major agreements

[Yahoo/Reuters] Japan's factory activity slips into contraction in July, PMI shows

[Yahoo/Bloomberg] HK Arrests 18-Year-Old Over ‘Seditious Words’ in Bathroom

[Bloomberg] The Fed Needs to Tread Carefully With This Strange Dollar

[Bloomberg] Euro-Zone Private Sector Grows at Fastest Pace in Almost a Year

[Bloomberg] Europe’s Junk Loan Market Shows Rare Sign of Investor Fatigue

[Bloomberg] China’s 30-Year Bond Auction Draws Highest Yield Since March

[NYT] The Stock Market’s Most Unserious Season Is Back and Dorkier Than Before

[NYT] Trade Deal Could Give Japanese Cars a Leg Up in U.S. Market

[NYT] The Chatbot Culture Wars Are Here

[WSJ] Trump to Tour Federal Reserve, Ramping Up Pressure Campaign on Powell

[WSJ] Trump’s New Trade Standard Takes Shape With 15% Tariff Deal

[WSJ] Global Economies Show Resilience Despite Tariff Fears, Surveys Show

[WSJ] The West’s Insatiable Demand for Missiles Is Boosting U.S. Weapons Makers

[FT] Donald Trump to visit Federal Reserve after attacking $2.5bn renovation

[FT] Nvidia AI chips worth $1bn smuggled to China after Trump export controls

[FT] Thai fighter jets strike Cambodia as border clashes erupt

Wednesday Evening Links

[AP] Krispy Kreme, GoPro and Beyond Meat surge as the latest meme stock revival rolls on

[Reuters] US, EU trade talks bolstered by Trump's agreement with Japan

[AP] US automakers say Trump’s 15% tariff deal with Japan puts them at a disadvantage

[Yahoo/Bloomberg] Trump’s Japan Trade Deal Raises Fears He Gave Away Too Much

[Yahoo/Reuters] Bessent says Fed forecasts 'politically biased'

[Bloomberg] Meme Revival Turns Focus to Stocks at Risk of a ‘Gamma Squeeze’

[Bloomberg] Firing Powell Won’t Save Much on Debt Costs, Deutsche Bank Warns

[WSJ] The Price of Winning the Trade War

Wednesday Afternoon Links

[Yahoo/Reuters] US and EU close in on 15% tariff deal, FT reports

[Yahoo/Reuters] Trump again calls for Fed board to act, says Powell 'doesn't get it'

[AP] US home sales fade in June as prices soar to record levels

[Yahoo Finance] Home sales declined in June as prices hit new all-time high

[Yahoo/Bloomberg] AI Boom Leads to Record US Grid Costs, Call for New Plants

[Bloomberg] Lutnick Slams ‘Outrageous’ Chinese Exit Ban on Commerce Employee

[Bloomberg] Speaker Johnson Says He’s Become ‘Disenchanted’ With Powell

[WSJ] Home Prices Hit Record High in June, Dragging Down Sales

[WSJ] Kohl’s and Opendoor Headline a New Class of Meme Stocks

[FT] US and EU close in on 15% tariff deal

[FT] Meme stock mania returns as Krispy Kreme and GoPro shares soar

[FT] Trump administration to vet AI for ‘ideological bias’