Friday's News Links

[CNBC] Stocks jump as light inflation report paves way for Fed rate cut: Live updates

[CNBC] Inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows

[AP] Trump says he’s ending trade talks with Canada over TV ads

[Yahoo/Bloomberg] Fed’s Portfolio Unwind Gains Urgency as Markets Flash Warnings

[Yahoo/Reuters] Trump says all trade talks with Canada are terminated

[Yahoo/Bloomberg] China’s Pharma Leverage Is ‘Nuclear Option’ in US Trade Talks

[The Hill] Trump’s growing beef in the heartland

[Yahoo/Bloomberg] Trump Administration Moves to Accelerate AI Power Hookups

[AP] Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month

[Axios] Behind the Curtain: The ever-growing AI inequality gap

[Yahoo/Reuters] Global equity fund inflows surge as US-China trade tensions ease

[Yahoo/Bloomberg] Macron Tells EU to Weigh Using Strongest Trade Tool on China

[Yahoo/Reuters] Putin defiant after Trump sanctions Russian oil companies over Ukraine

[AP] Ukraine’s Zelenskyy seeks more European help against Russia on London trip

[Politico] Hungary’s Orbán vows to ‘circumvent’ US sanctions on Russian oil titans

[Bloomberg] Trump Seeks Elusive Trade Deal With Xi in High-Stakes Meeting

[Bloomberg] Korea, US Still ‘Sharply’ Split Over Cash in $350 Billion Pledge

[Bloomberg] Record $38 Billion Debt Sale Nears for Oracle-Tied Data Centers

[Bloomberg] AI Data Center Boom Threatens Trump’s Manufacturing Revival

[Bloomberg] Jane Street-Led Bank Rivals to Take 30% Trading Share, BCG Says

[Bloomberg] Euro-Zone Business Activity Unexpectedly Hits Highest Since 2024

[Bloomberg] German Business Activity Unexpectedly Surges the Most Since 2023

[Bloomberg] Japan’s Inflation Picks Up, Highlighting Challenges for PM

[NYT] Companies Have Shielded Buyers From Tariffs. But Not for Long.

[WSJ] Trump Says He Is Terminating Trade Negotiations With Canada

[WSJ] China’s New Strategy for Trump: Punch Hard, Concede Little

[WSJ] Why Trump Reached a Breaking Point With Putin

[WSJ] BOJ Policy Should Align With Government Policy, Japan’s Finance Minister Says

[WSJ] Has Argentina Really Changed? Soon, We Will Find Out

[FT] Tett: America’s risky bid to make Argentina great again

[FT] Blackstone-backed theme park giant under pressure after debt sell-off

[FT] Steakhouses chop portions and raise prices as cost of beef surges

[FT] Overseas renminbi lending surges as China steps up campaign to de-dollarise

[FT] Japan’s Sanae Takaichi steps up defence spending ahead of visit by Donald Trump

Thursday Evening Links

[CNBC] Stock futures are little changed ahead of highly awaited inflation data: Live updates

[Axios] The real trouble with the Fed's jobs data turmoil

[AP] Trump administration finalizes plan to open pristine Alaska wildlife refuge to oil and gas drilling

[AP] White House East Wing demolished as Trump moves forward with ballroom construction, AP photos show

[The Hill] White House releases donor list for Trump ballroom amid East Wing demolition

[AP] Lithuanian president says Russian military planes violated the Baltic country’s airspace

[Bloomberg] US Initial Jobless Claims Rose Last Week, State Data Suggest

[Bloomberg] Trump Says US Eyes Land Strikes Next After Drug Boat Attacks

[NYT] See the White House as It Stood and What Trump Envisions

[NYT] Ranchers are Furious About Trump’s Plan to Lower Beef Prices

[NYT] Trump’s Sanctions on Russian Oil Sector Ratchet Up Economic War

[WSJ] U.S. Set to Examine China’s Compliance With 2020 Trade Deal

[WSJ] U.S. Sends B-1 Bombers Near Venezuela, Ramping Up Military Pressure

[WSJ] Putting the Oil Squeeze on Putin

[WSJ] Noonan: A Republic, but Can We Keep It?

Thursday Afternoon Links

[CNBC] S&P 500 rises as Wall Street tries to rebound from sell-off: Live updates

[Yahoo/Reuters] Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil

[Yahoo/Reuters] US existing home sales hit 7-month high; affordability remains a challenge

[AP] Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

[AP] Trump pardons Binance founder Changpeng Zhao, high-profile cryptocurrency figure

[Reuters] Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say

[Reuters] BOJ sees signs of overheating in Japan's stock market

[Bloomberg] China’s Soybean Feud With Trump Leaves US Farmers With Huge Crops and Few Buyers

[Bloomberg] Private Credit Begins Sacrificing Secrecy to Draw in Retail Cash

[Bloomberg] Crypto M&A Surges 30-Fold as Niche Firms Shift to Mainstream

[Bloomberg] Two Russian Jets Violate Lithuanian Airspace for 18 Seconds

[NYT] U.S. to Begin Investigation Into China’s Compliance With 2020 Trade Deal

[WSJ] What Credit-Card Trends Tell Us About the U.S. Consumer, in Charts

[WSJ] Republicans Warn Shutdown Will Hit Air-Traffic Controllers

[WSJ] U.S. Trade War Drives Canada to Fast-Track Port Expansion

[FT] Can Trump stop India and China from buying Russian oil?

[FT] America’s risky gunboat diplomacy around Venezuela