Wednesday's News Links

[CNBC] S&P 500 little changed as traders digest strong GDP report, await Fed decision: Live updates

[Reuters] Oil pauses rally as markets weigh Trump's ultimatum to Russia

[AP] Trump announces 25% tariff on India starting Aug. 1, unspecified penalties for buying Russian energy

[AP] Trump’s latest tariff deadline is approaching. Here are the trade deals the US has announced so far

[Reuters] Bessent warns China on Russian oil purchases that could bring 100% tariffs

[AP] US economy rebounds a surprisingly strong 3% in the second quarter

[Yahoo/Reuters] US private payrolls increase in July

[Yahoo/Reuters] US economic growth likely rebounded in Q2, but with weak underlying details

[CNBC] Mortgage demand drops to lowest level since May, as interest rates stall

[Reuters] Fed to hold rates steady despite Trump's push for big cuts

[Axios] There's a massive bipartisan housing bill moving forward in Congress

[NYT] What to Watch at the Federal Reserve’s July Meeting

[Bloomberg] Trump’s ‘Napkin’ Trade Deals Are Worry for SE Asia, Analyst Says

[Bloomberg] Microsoft, Meta Face Investor Scrutiny Over AI Spending Binge

[Bloomberg] Wall Street’s Big Loans to Emerging Markets Spark Risk Worries

[Bloomberg] China Prepares to Unseat US in Fight for $4.8 Trillion AI Market

[Bloomberg] Angry Farmers Vow to Fight If Korea Leader Bows to Trump Demands

[Bloomberg] ‘Dumb’ AI Bots Collude to Rig Markets, Wharton Research Finds

[Bloomberg] Japan Records Highest Temperature Ever as Heat Wave Lingers

[WSJ] Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure

[WSJ] How China Is Girding for an AI Battle With the U.S.

[WSJ] In This Frothy Market, It’s Boom Times for Brokers Like Robinhood

[WSJ] China Politburo Holds off on Further Stimulus

[FT] What could a Trump appointee do at the Fed?

[FT] Will Mark Zuckerberg’s secret, multibillion-dollar AI plan win over Wall Street?

[FT] Donald Trump’s tariffs spread alarm among Brazilian farmers and ranchers

[FT] ‘Pervasive sense of fear’: China steps up exit bans as US tensions flare

Tuesday Evening Links

[CNBC] Stock futures are little changed as investors analyze earnings, await Fed rate decision: Live updates

[Reuters] Oil prices rally on US pressure on Russia, trade deal optimism

[AP] Federal Reserve likely to air divisions as it keeps rates unchanged

[CNBC] The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue

[BBC] US and China end trade talks with no breakthrough

[Reuters] Trump gets tariffs; Americans get price hikes

[Axios] Trump says India will likely face a 20% to 25% tariff

[AP] Record-breaking heat wave scorches Southeast US

[AP] Trump EPA moves to repeal landmark ‘endangerment finding’ that allows climate regulation

[Yahoo/Bloomberg] Trump Mounts New Attack Against Wind Projects on Federal Land

[Bloomberg] Fed to Avoid Clear Signal on Rate-Cut Timing

[Bloomberg] Trump’s Trade Deals Come With Few Details to Flesh Out Big Numbers

[Bloomberg] Xi Ties His Legacy and China’s Economy to $167 Billion Dam

[WSJ] Trump Administration Puts New Chokehold on Billions in Health-Research Funding

[FT] US says extended trade war truce with Beijing hinges on Trump approval

Tuesday Afternoon Links

[CNBC] S&P 500 retreats from record as comeback rally pauses before Fed decision: Live updates

[Yahoo/Bloomberg] Oil Advances on US Consumer Surprise, Trump’s Truce Pressure

[Yahoo/Reuters] US consumer confidence rises modestly in July

[CNBC] The U.S. median home price hit a record high—here’s what it would cost you per month

[CNN] Americans are growing hopeful about the economy as trade talks progress

[AP] Millionaires multiply across the US, but most find it’s not all mansions and champagne

[Yahoo/Reuters] U.S. covered call funds attract record inflows as investors seek yield

[Bloomberg] Lutnick Says More ‘Horse Trading’ Ahead With EU on Pact Details

[Bloomberg] Dealmakers Hit Summer Highs With $100 Billion M&A Haul

[FT] US companies use hot markets to slash borrowing costs on risky loans