Wednesday's News Links

[CNBC] S&P 500 rises after Google avoids harsh antitrust penalty: Live updates

[Yahoo/Bloomberg] Gold Extends Gains to Fresh Record on Rate-Cut Bets, Debt Fears

[CNBC] Mortgage demand from homebuyers pulls back, after four weeks of gains

[Axios] Xi, flanked by Putin and Kim, hosts China's largest-ever military parade

[Reuters] 'Peace or War': China's Xi hosts massive military parade with Putin and Kim

[CNBC] China’s Xi says the world faces ‘peace or war’ as Trump claims Beijing conspiring against U.S.

[Axios] America's biggest adversaries "conspire" in Beijing

[Reuters] U.S. Treasury Secretary to begin Fed chair interviews Friday, WSJ reports

[Yahoo Finance] The Fed: All eyes on Stephen Miran’s nomination hearing Thursday as central bank remains under scrutiny

[Yahoo/Bloomberg] Trump Accuses Xi of ‘Conspiring Against US’ With Putin, Kim

[Yahoo/Reuters] U.S. workers are becoming more stressed about finances, BofA survey shows

[Yahoo/Reuters] Central banks urged to pool dollar reserves as Fed help questioned

[Politico] ‘I haven’t seen this much uncertainty since 1968’: Even a Macron resignation won’t save France

[Bloomberg] Xi’s Guest List Is Shorter, More Authoritarian Than a Decade Ago

[Bloomberg] Dudley: Tariff Chaos Reigns and America’s Economy Suffers

[Bloomberg] Investors Snap Up CLOs at Record Pace, Betting on Loan Revival

[Bloomberg] Global Bond Selloff Is Extending With Longer Debt Leading Losses

[Bloomberg] Trump Accuses Xi of ‘Conspiring Against US’ With Putin, Kim

[Bloomberg] Credit Markets Near Records After $90 Billion Bond Sale Spree

[Bloomberg] Le Big Short: French Political Risk Runs Deep

[Bloomberg] Japan’s Long Bonds Join Global Slide as Politics Adds to Jitters

[WSJ] China Flaunts Military Might With Lavish Parade—and Sends Warning to Washington

[WSJ] China Services PMI Expands at Fastest Pace in Over a Year

[FT] Global bonds under pressure as 30-year Treasury yield hits 5%

[FT] Xi Jinping hails ‘unstoppable’ China at landmark military parade

[FT] Lasers, hypersonic missiles and the ‘nuclear triad’: China flexes its military muscle

[FT] The hard data signals the Fed should not cut rates

[FT] Global bond sell-off hits Japanese government debt

[FT] Why memory chips are the new frontier of the AI revolution

[FT] Jane Street revenue eclipses $10bn in a quarter for first time

Tuesday Evening Links

[CNBC] Stock futures higher after Google avoids harsh antitrust penalty: Live updates

[Yahoo/Reuters] Bond rout cools but mood cautious with long-term borrowing costs near highs

[Yahoo Finance] Gold hits record as central bank holdings top US Treasurys for first time since 1996

[Yahoo/Bloomberg] Oil Turns Lower on Report OPEC+ to Consider Fresh Supply Boost

[AP] US stocks sink under the weight of rising pressure from the bond market

[Yahoo/Reuters] Analysis-Investors on edge as September reset exposes simmering US market risks

[CNBC] Trump will ask Supreme Court for ‘expedited ruling’ on tariffs appeal

[Yahoo/Bloomberg] Lisa Cook Blasts Trump’s ‘Cut-and-Paste’ Mortgage Fraud Claims

[Yahoo/Reuters] Fed Governor Cook says mortgage 'contradictions' do not justify removal by Trump

[AP] Trump says he will order federal intervention in Chicago and Baltimore despite local opposition

[AP] Trump says US strike on vessel in Caribbean targeted Venezuela’s Tren de Aragua gang, killed 11

[AP] More than pageantry, China’s military parade shows off new missiles, drones and other equipment

[Bloomberg] Trump’s Drive to Reshape the Fed Progresses With Rapid Senate Hearing

[Bloomberg] Jane Street’s $10.1 Billion Trading Haul Sets Wall Street Record

[Bloomberg] Xi, Putin and Kim to Appear Together at China’s Military Parade

[Bloomberg] Japan Sees Record $822 Billion Budget Request on Defense, Debt

[NYT] Cook’s Lawyers Fire Back at Trump’s Claim of Vast Powers to Oust Fed Officials

[WSJ] Bond Traders Sing the Blues

Tuesday Afternoon Links

[AP] Wall Street tumbles as US stocks fall toward their worst day in a month

[Yahoo/Bloomberg] Gold Hits Record High on US Rate-Cut Bets, Growing Debt Concerns

[Yahoo/Bloomberg] Treasury Yields Rise With 30-Year Near 5% Amid Global Bond Slump

[Axios] Trade is the new fiscal risk

[Yahoo/Reuters] US IPO floodgates open for fall season as Trump tariff worries ease

[Yahoo/Reuters] US manufacturing contracts for sixth straight month amid tariff drag

[Yahoo/Reuters] US construction spending dips in July

[Axios] "Mockery of science": Energy Department climate report riddled with errors

[Axios] Belief in the American dream hits record low

[WSJ] Bond Market Dynamics Set to Change as Investor Profile Shifts

[WSJ] Trump’s Troop Deployment to Los Angeles Violated Federal Law, Judge Rules

[FT] Axes of Evil: UBS’s bubble trouble