Thursday's News Links

[CNBC] S&P 500 is little changed after benchmark rises to all-time high: Live updates

[Reuters] Fear of missing out trumps other worries as euphoria grips US stock options traders

[BBC] America's top banker sounds warning on US stock market fall

[Axios] Gaza peace deal reached, hostages to be freed

[Yahoo/Bloomberg] China Tightens Exports of Some Rare Earths and Related Tech

[Yahoo/Reuters] China expands rare earth restrictions, targets defence, semiconductor users

[Yahoo/Reuters] Fed's Williams backs more rate cuts this year due to labor market slowdown risks, he tells NYT

[CNBC] ‘Buckle up’: IMF and Bank of England join growing chorus warning of an AI bubble

[Axios] Housing is outpacing population growth, but there's a catch

[Axios] How Chicago became ground zero for Trump's military crackdown

[BBC] Macron will nominate new French prime minister in 48 hours

[Reuters] Takaichi's jab at BOJ independence may face political reality check

[CNBC] Russia is waging ‘hybrid warfare’ against Europe, officials say. What does that mean?

[Politico] The EU’s worst nightmare has never looked so real

[Bloomberg] First Brands’ Go-To Bank Jefferies Opens Books as Fallout Builds

[Bloomberg] Silver Hits $50 for First Time Since Hunt Brothers Squeeze

[Bloomberg] Trump’s Wood Tariffs Are Coming. Who Will Be Hit Hardest

[Bloomberg] America Is Minting Lots of Cash-Strapped Millionaires

[Bloomberg] Nassim Taleb Warns to Hedge Against Crash as Debt Crisis Looms

[Bloomberg] ‘I Believe It’s a Bubble’: What Some Smart People Are Saying About AI

[Bloomberg] Japan’s Takaichi Faces Early Test as Coalition Talks Stall

[Bloomberg] Yen’s Rapid Fall Complicates Takaichi Hopes for Slower BOJ Hikes

[Bloomberg] Putin Is Taking His Hybrid Warfare to the Sea

[NYT] How to Manage a Divided Fed

[NYT] A Top Fed Official Favors More Interest Rate Cuts

[WSJ] How Trump Threw a Wrench Into Credit Markets

[WSJ] China Tightens Grip on Rare Earths Ahead of Expected Trump-Xi Meeting

[WSJ] Tariffs Are Way Up. Interest on Debt Tops $1 Trillion. And DOGE Didn’t Do Much.

[WSJ] China Imposes New Controls Over Rare-Earth Exports

[WSJ] IPOs Return as Tariff, Interest Rate Uncertainty Lifts, Report Shows

[FT] Scott Bessent grilled Fed chair candidates on rates and quantitative easing

[FT] China unveils sweeping rare-earth export controls to protect ‘national security’

[FT] Russia destroys 60% of Ukraine’s gas production ahead of winter

Wednesday Evening Links

[CNBC] S&P 500 futures are little changed after benchmark rises to all-time high: Live updates 

[AP] Staffing shortages cause more US flight delays as government shutdown reaches seventh day

[Axios] Mike Johnson faces growing internal revolt over shutdown

[AP] Fed minutes: Most officials supported further rate cuts as worries about jobs rose

[AP] Is there an AI bubble? Financial institutions sound a warning

[Axios] GAZA PEACE DEAL REACHED

[Bloomberg] US Annual Budget Deficit Steady at $1.8 Trillion, Despite Surge in Tariff Revenue

[Bloomberg] BlackRock Seeks Cash From Jefferies Fund Exposed to First Brands

[Bloomberg] Yen’s Haven Status Undercut by Gold Surge, BOJ Rate-Hike Doubts

[Bloomberg] Why Circular AI Deals Among OpenAI, Nvidia, AMD Are Raising Eyebrows

[WSJ] Republicans Caution White House on Inflicting Shutdown Pain

[WSJ] Inside the Justice Department Where the President Calls the Shots

[FT] Fed officials were cautious about inflation as they agreed rate cuts

[WSJ] The Incredible Expanding Fannie Mae

[FT] Emmanuel Macron to name a new French PM by Friday

Wednesday Afternoon Links

[CNBC] S&P 500, Nasdaq gain as Nvidia rises, Wall Street tries to look past shutdown worries: Live updates

[CNBC] Senate to vote on funding bills again as government shutdown enters second week

[Axios] "The House is done": Johnson rules out standalone vote on paying troops during shutdown

[Yahoo/Reuters] Argentine Treasury struggles to contain peso slide, awaits US support

[Yahoo/Bloomberg] Jefferies Fund Has $715 Million in First Brands’ Trade Debt

[Bloomberg] Gold Isn’t the Warning Ken Griffin Worries About

[Bloomberg] US Treasuries Risk Losing Haven Status, Pension Official Says

[AP] IMF chief warns of economic uncertainty and offers this advice: ‘Buckle up’

[Bloomberg] Western Alliance Faces First Brands Risk Through Jefferies Fund

[Bloomberg] Greenland Prime Minister Asks EU Help to Secure Digital Links, Block Threats

[WSJ] Gold Rally Points to Eroding Faith in Central Banks Worldwide

[WSJ] What to Expect From the Federal Government Shutdown

[WSJ] Trump Calls for Jailing of Chicago Mayor and Illinois Governor