Thursday's News Links

[CNBC] Stocks edge lower as investors digest earnings, trade news: Live updates 

[Yahoo/Bloomberg] Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions

[AP] US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

[AP] EU joins US in heaping more sanctions on Russia to push Putin into Ukraine peace talks

[Axios] Trump: "We had to take down the existing" White House East Wing structure

[Yahoo/Reuters] Trump administration in talks to take stakes in quantum-computing firms, WSJ reports

[Axios] Behind the Curtain: America's energy jam

[CNBC] Most potential homebuyers expect mortgage rates to drop. That’s why they’re waiting

[AP] What Americans think about the environmental impact of AI, according to a new poll

[Yahoo/WSJ] China Gears Up for More Tech Confrontation With U.S.

[Yahoo/Reuters] China's new five-year plan sharpens industry, tech focus as US tensions mount

[Politico] 11 things to watch at the EU leaders’ summit

[Bloomberg] Hedge Fund Assets Hit $5 Trillion With Most Inflows Since Before Financial Crisis

[Bloomberg] Why So Many People Signed Up for Social Security This Year

[Bloomberg] Russian Oil Supply to India Set to Fall to Near Zero: Sources

[Bloomberg] Wall Street Bonuses Poised for Record as Bank Profits Surge

[Bloomberg] What Japan’s ‘Iron Lady’ Means for Investors

[Bloomberg] What Scott Bessent Doesn't Get About Argentina

[Bloomberg] A $41 Billion Debt Binge Turns Mexico Into No. 1 EM Borrower

[Bloomberg] SPACs Are Back, and MAGA Is Fueling Their Growth

[Bloomberg] Coffee Prices Top Record as Trade and Supply Concerns Mount

[Bloomberg] China Military Purge Targets Group Who Undermined Xi’s Authority

[NYT] Pentagon Announces ‘Next Generation’ Press Corps

[NYT] China’s Consumers Are in a Years-Long Funk. Will Anything Get Them to Spend?

[WSJ] The Five Funding Cliffs Approaching as Shutdown Pain Builds

[WSJ] Popular Leveraged Funds Shock Investors With Huge Losses

[WSJ] Trump Administration in Talks to Take Equity Stakes in Quantum-Computing Firms

[WSJ] Trump’s Oil Sanctions Strike at Russia’s Economic Lifeline

[WSJ] Islamic State Rises Again in Syria, Filling a Void Left by U.S.

[FT] Blackstone says era of bumper private-credit returns has ended

[FT] China’s leadership vows to step up push for ‘self-reliance’ in tech

[FT] Milei’s make-or-break moment

Wednesday Evening Links

[CNBC] Stock futures edge lower as investors digest earnings, trade news: Live updates

[Yahoo/Bloomberg] Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions

[Yahoo/Bloomberg] US Sanctions Rosneft and Lukoil in Bid for Ukraine Talks

[CBX] U.S. debt tops $38 trillion for first time, worsened by government shutdown

[Axios] Exclusive: Congress needs to hear more about Venezuela operation, GOP senator says

[Axios] Colleges turn down Trump's "compact" agreement offer

[Yahoo/Bloomberg] Chinese Firms Speed up Dollar Selling Amid Optimism Toward Yuan

[Bloomberg] Why China Is Gaining the Upper Hand in Trump’s Trade War

[Bloomberg] Trump Says He’ll Raise China’s Russian Oil Purchases With Xi

[Bloomberg] Disaster Relief Fund Hits Critical Low as Shutdown Endures

[Bloomberg] Carney Sets Goal of Doubling Canada’s Non-US Exports by 2035

[WSJ] U.S. Imposes Substantial New Sanctions on Russian Oil Giants

[WSJ] Trump Says East Wing of White House to Be Torn Down to Build Ballroom

[WSJ] U.S. Widens Campaign Against Alleged Drug Boats With Eastern Pacific Strike

Wednesday Afternoon Links

[Reuters] Wall Street stumbles on Netflix results, braces for Tesla 

[Reuters] Exclusive: US considering curbs on exports to China made with US software, sources say

[CNBC] Trump says U.S. cattle ranchers ‘don’t understand’ tariffs after some slam Argentine beef plan

[Axios] The costly flaws in America's high-skilled immigration policy

[AP] USDA is reopening some 2,100 offices to help farmers access $3B in aid despite the ongoing shutdown

[ABC] 'Entirety' of East Wing to be 'modernized' to build Trump ballroom: White House official

[Yahoo/Bloomberg] Roaring AI-Linked Debuts Drive Investors to Seek Pre-IPO Shares

[Reuters] Trump's Milei election warning fuels backlash and 'colonialism' accusations in Argentina

[Yahoo/Bloomberg] Trump, Lula Seek Meeting in Malaysia as Brazil Eyes Tariff Cut

[Reuters] China overtakes US as Germany's top trading partner

[Bloomberg] Private Credit Set to Produce Lower Returns, Sixth Street Says

[Bloomberg] AI-Powered CLO Investor Built an Outsized First Brands Position

[Bloomberg] More Than 13 Million Memecoins Show Urgent Need for Regulation

[Bloomberg] The US Saw a Record $101 Billion in Weather Losses Through June

[Bloomberg] Brazil Sees Corporate Credit Meltdowns as Isolated, Not Systemic

[Bloomberg] All About the Missiles Russia and Ukraine Are Firing

[NYT] China’s Control of Rare Earths Has U.S. Scrambling to Find Alternatives

[WSJ] Trump and Mamdani Look Like Caudillos

[FT] Tariffs are a weaker weapon than Trump thinks

[FT] BDO chief pledges fight over ‘falsehoods’ on First Brands work

[FT] Investors bet on Argentine peso devaluation after weekend elections

[FT] Short sellers blame retail investors for worst returns since 2020