Friday's News Links

[CNBC] Stocks rise after Dow posts a loss in Thursday’s trading: Live updates 

[Reuters] Oil set for steepest weekly losses since June as tariffs cloud demand outlook

[Reuters] Wall St Week Ahead Inflation data to test stocks as some investors brace for rally to pause

[Reuters] J.P.Morgan brings forward Fed rate cut forecast to September

[Axios] The U.S. economy depends on the rich. That could hurt the labor market

[Yahoo/Bloomberg] Modi Speaks With Lula, Plans Xi Meeting as Ties With US Sour

[Yahoo/Bloomberg] China Defends Buying Russian Oil After Trump’s Tariff Threat

[Yahoo/Reuters] US equity funds see sharp outflows on tariff caution, economic concerns

[Politico] Trump announces federal law enforcement will patrol DC

[Yahoo/Reuters] BOJ debated chances of resuming rate hikes, July summary shows

[CNBC] Why insurers worry the world could soon become uninsurable

[Bloomberg] Trump’s Surprise Fed Pick Buys Him Time on Chair Selection

[Bloomberg] JPMorgan Says Treasury Curve Can Steepen on Miran Fed Pick

[Bloomberg] US Adds Surprise Gold Bar Tariff in Blow to Switzerland, FT Says

[Bloomberg] Meta Picks Pimco, Blue Owl for $29 Billion Data Center Deal

[Bloomberg] The AI Building Boom Is Bound to Bust

[Bloomberg] Canada Unexpectedly Sheds 40,800 Jobs, Most Since Pandemic

[Bloomberg] Japan’s Rice Crop at Risk as Farms Face Record-Breaking Heat

[NYT] What a Trump Loyalist at the Fed May Mean for Markets

[NYT] Trump Taps Top Economic Adviser to Join the Fed’s Board of Governors

[WSJ] Gold Futures Hit Record High After Tariff Report

[WSJ] Trump Reminds CEOs Who the Ultimate Boss Is

[FT] Japan says US to amend ‘regrettable’ tariff deal inconsistency

[FT] Why struggling companies are loading up on bitcoin

Thursday Evening Links

[CNBC] Stock futures rise after Dow posts a loss in Thursday’s trading: Live updates 

[AP] Trump to nominate top economic aide Stephen Miran to Federal Reserve board

[AP] Trump defends the US economy with charts after job reports showed warning signs

[Bloomberg] Trump Names Miran to Fill Seat on Federal Reserve Board

[Bloomberg] US Farm Trade Deficit Hits Record as Historic Shift Deepens

[Bloomberg] Larry Summers Says Trump Policies Are ‘Scarily’ Like Argentina’s Peron

[WSJ] Trump Will Nominate Economic Adviser Stephen Miran to Fed Vacancy

[WSJ] Trump Shakes Up Wall Street With Orders on 401(k)s, ‘Debanking’

[WSJ] ‘I Feel Like I’m Going Crazy’: ChatGPT Fuels Delusional Spirals

[FT] Donald Trump to nominate Stephen Miran to Federal Reserve board

[FT] What is Apple’s $600bn US investment pledge?

[FT] Donald Trump’s attack on statistics agency echoes strongmen leaders, economists say

[FT] US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland

Thursday Afternoon Links

[CNBC] Nasdaq lifted by Nvidia and Apple, but broader market is little changed: Live updates

[Yahoo/Bloomberg] Oil Steadies With Traders Awaiting Possible Trump-Putin Meeting

[Yahoo/Bloomberg] Waller Emerges as Favorite for Fed Chair Among Trump Team 

[Yahoo/Reuters] New York Fed finds rise in longer-run expected inflation in July

[Axios] The trade war isn't over. It's just beginning

[Axios] Trump's tariffs take effect today. When and how they will affect you

[CNBC] The full list of U.S. tariffs in place around the world

[Axios] CEOs are feeling better

[Yahoo/Reuters] Reactions to Trump demanding Intel CEO's resignation

[Bloomberg] Stagflation Concerns Ripple Through Wall Street as Tariffs Hit

[Bloomberg] Fed’s Bostic Sees One Cut in 2025 as Tariff Effects May Persist

[Bloomberg] A Heat Dome Is About to Test Temperature Records in US Southwest

[WSJ] Trump Shakes Up Wall Street With Orders on 401(k)s, ‘Debanking’