Thursday's News Links

[CNBC] Stocks fall after Dow rallies to record high: Live updates

[Reuters] Morning Bid: Fed cut now a coin toss

[Reuters] Regional Fed banks could be next front in Trump's pressure campaign

[Yahoo/Bloomberg] Big Tech’s Climate Strategists Feeling Strain of AI Power Needs

[Yahoo/WSJ] Big Tech’s Soaring Profits Have an Ugly Underside: OpenAI’s Losses

[Yahoo/Bloomberg] GOP’s Shutdown Win May Backfire Over Soaring Health-Care Costs

[Reuters] Japan's wholesale prices rise more than expected on sticky food inflation

[Bloomberg] Funding Market Strains Spur Wall Street Calls for More Action From Fed

[Bloomberg] Japan 5-Year Bond Sale Lowest Price in Line With Market Forecast

[Bloomberg] Japan’s Slumping Currency Intensifies Debate Over Intervention

[Bloomberg] China Sees Worst Credit Growth in a Year as Demand Dries Up

[Bloomberg] Brazil’s Boom in Risky Bank Bonds Is Worrying Money Managers

[NYT] How Private Equity’s Vision for a Roofing Conglomerate Went Bust

[WSJ] The Secret Meeting That Ended the Shutdown

[WSJ] Builders’ Cheap Mortgages Are a Bad Deal for Home Buyers

[FT] White House signals it will cut tariffs to help ease high food prices

[Ft] ‘Phantom’ data centres muddy forecasts for US power needs

[FT] Wall Street CEOs flock to White House dinner with Donald Trump

[FT] How populism became popular

Wednesday Evening Links

[CNBC] Stock futures tick lower after Dow rallies to record high: Live updates

[Yahoo/Bloomberg] Gold, Copper Gain on Fed Rate-Cut Bet as US Prepares to Reopen

[Yahoo/Bloomberg] Oil Posts Biggest Drop Since June Amid Supply Glut Concerns

[AP] 2 Federal Reserve officials oppose an interest rate cut in December

[Yahoo Finance] Boston Fed's Collins: The bar for cutting rates further is 'relatively high,' sees holding for 'some time'

[Yahoo/Reuters] NY Fed's Perli encourages use of Standing Repo Facility to deal with liquidity needs

[Yahoo/Bloomberg] A $25 Billion Bitcoin Bet Frays as Doubt Hits Big Buyers

[Bloomberg] US High-Grade Bond Sales Reach Their Highest Level Since 2020

[Bloomberg] CoreWeave-Tied Data Center Debt Tests Strength of Flooded Market

[Bloomberg] Fed’s Perli Says Won’t Be Long Before Fed Starts Buying Assets

[Bloomberg] Hassett Says He Would Accept Fed Chair Job, Wants Lower Rates

[FT] Japan and China spar over Taiwan as Donald Trump tilts global ‘chessboard’

Wednesday Afternoon Links

[AP] US stocks are drifting around their records as AMD rallies

[Yahoo/Bloomberg] Gold Gains as Markets Weigh an End to Shutdown, Fed Rate Path

[Reuters] Trump is committed to a $2,000 dividend to Americans using tariff income-White House

[Reuters] Record number of subprime borrowers miss car loan payments in October, data shows

[Axios] Bessent, Trump administration are pushing bond market as key to affordability agenda

[Yahoo/Reuters] Bessent says he will adjust US Treasury debt auctions gradually, safeguard stability

[Yahoo/Bloomberg] Pulte Cites ‘Portable Mortgages’ After 50-Year Idea Panned

[Yahoo Finance] Silicon Valley is going all in on 'superintelligent' AI, and there's plenty of hype

[Reuters] Tehran taps run dry as water crisis deepens across Iran

[WSJ] U.S. Insurers Are Binging on Private Credit, Moody’s Says

[WSJ] Inside Microsoft’s New AI ‘Super Factory’

[WSJ] Atlanta Fed President Bostic to Retire Ahead of Reappointment Process

[FT] UK pauses some intelligence sharing with US over Caribbean boat strikes

[FT] Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues