Friday's News Links

[CNBC] Stocks rise ahead of Powell’s Jackson Hole speech: Live updates

[Yahoo/Bloomberg] Bond Market Rate-Cut Bets Face Powell Reckoning at Jackson Hole

[Yahoo/Bloomberg] Default Warnings Start to Pile Up in Private Credit Market

[Axios] Trump's pay-me capitalism puts the squeeze on corporate America

[AP] Trump’s crackdown in DC leaves residents on edge as federal agents set up checkpoints

[AP] Russia’s chief diplomat says no Putin-Zelenskyy meeting is planned, despite Trump’s efforts

[AP] FBI searches home and office of ex-Trump national security adviser John Bolton, AP source says

[Axios] Trump admin vetting 55M U.S. visa holders for potential violations

[AP] What to know about China’s new regulations on rare earths

[Yahoo/Reuters] China tightens grip over rare earth supply quotas

[Yahoo/Reuters] From $50 billion to bust, investors count cost of Evergrande's market tryst

[Politico] Putin is ‘laughing’ after Trump’s peace efforts, says EU’s top diplomat

[Reuters] German economy shrank 0.3% in second quarter as US tariffs slowed exports

[Bloomberg] Bessent Is Deluded About Stablecoins Funding the Deficit

[Bloomberg] Zelenskiy Says He Has No Contacts With Russia on Peace Talks

[Bloomberg] Private Equity Keeps Inventing New Ways to Give Cash to Investors

[Bloomberg] Japan’s Low-Coupon Super Long Bonds Face Risk of September Slump

[Bloomberg] China’s New 30-Year Bond Draws Highest Yield Since December

[Bloomberg] China Makes Veiled Jab at US Before Hosting Modi, Putin, Erdogan

[NYT] Powell Takes Center Stage, With Wall Street and Washington Watching

[NYT] Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank

[NYT] Trump’s Attacks on Institutions Threaten a Bulwark of Economic Strength

[WSJ] Powell Plans U-Turn on an Economic Strategy That Soured

[WSJ] How Trump’s Ukraine Peace Push Stalled Out in Four Days

[WSJ] FBI Raids Home of Former Trump National Security Adviser John Bolton

[WSJ] Japan’s Inflation Stays Well Above BOJ’s 2% Target

[WSJ] Eurozone Wage Growth Gains Pace, Likely Adding to ECB Caution

[FT] US justice department calls on Federal Reserve to sack governor Lisa Cook

[FT] The US tourism slump that never happened

[FT] Donald Trump’s attacks on renewables sector quash nearly $19bn worth of projects

[FT] Fiscal dominance and the unexpected rise of emerging markets

[FT] Chinese semiconductor shares surge after DeepSeek gives boost to homegrown chips

Thursday Evening Links

[CNBC] Stock futures are little changed ahead of Powell’s Jackson Hole speech: Live updates 

[Reuters] Investors see risks for market as Powell walks tightrope at Jackson Hole

[Yahoo/Reuters] Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say

[AP] Trump blames renewable energy for rising electricity prices. Experts point elsewhere

[Axios] 1.5 million immigrants have left the U.S. so far this year

[Bloomberg] Stocks, Bonds Fall as Traders Trim Rate Cut Bets: Markets Wrap

[Bloomberg] AI Slurs Are Just the Start of the Backlash

[Bloomberg] Homebuyers in the US Canceled Contracts at Record Rate for July

[Bloomberg] Office Tower by NYC’s Hudson Yards Sells at Over 50% Discount

[Bloomberg] Japan’s Firms Shun Longer Tenor Bonds as Yields Jump, Risks Rise

[Bloomberg] Xi Overcapacity Fight Leaves Economy Vulnerable Without Stimulus

[WSJ] How Trump Will Decide Which Chips Act Companies Must Give Up Equity

[WSJ] Putin’s Ukraine Summitry Was a Big Con

[WSJ] Divisions Grow Inside Fed Ahead of Decision on September Rate Cut

Thursday's Afternoon Links

[CNBC] S&P 500 falls for a fifth day, Dow drops 200 points led by Walmart: Live updates 

[AP] Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

[Axios] Stormclouds abound as economists gather in Jackson Hole

[CNBC] July home sales rise as prices approach inflection point

[Yahoo Finance] Cleveland Fed President says 'would not see a case' for September rate cut given latest economic data

[Axios] What's next in the redistricting war after Texas' map cleared the state House

[Axios] Trump lays out his redistricting endgame: A 100-seat Republican majority

[Yahoo/WSJ] More U.S. Companies Plan to Slow Hiring in Second Half of 2025

[Bloomberg] US Farmers Facing Double Whammy of Trade War and Bumper Crops

[FT] Is AI finally Zover?