Wednesday's News Links

[CNBC] Stock futures rise after Dow notches third winning session: Live updates

[Bloomberg] Gold Rises as Fed Rate-Cut Hopes Grow and Banks Stay Bullish

[Yahoo/Bloomberg] Nvidia’s Stock Is Sinking as Doubts About Its AI Dominance Grow

[AP] Fewer Americans sought unemployment benefits last week as layoffs remain low

[Yahoo/Bloomberg] US Home-Purchase Applications Surge to Highest Since 2023

[CNBC] AI data center ‘frenzy’ is pushing up your electric bill — here’s why

[Axios] Trump admin hikes national parks prices by $170 for international tourists

[AP] UK’s Treasury chief delivers budget following unprecedented leak that outlined all her plans

[AP] China’s pressure on Japan is a familiar tactic that could last for some time

[CNBC] Taiwan’s President Lai lashes out against Beijing, pledging $40 billion in additional defense budget

[Reuters] Exclusive: US peace plan for Ukraine drew from Russian document, sources say

[Reuters] Russia says leak of Witkoff call recording is unacceptable, amounts to hybrid warfare

[Bloomberg] Looming US Power Crunch to Impair AI Abilities, Schneider Says

[Bloomberg] UK Bonds, Pound Whipsaw as Investors Unconvinced by Budget Plans

[Bloomberg] Dudley: A Smaller Fed Balance Sheet Is Bringing Its Own Problems

[Bloomberg] Lutnick, Pomp SPAC Deals Are Put to the Test by Crypto Crash

[Bloomberg] China Property Crisis Thrust Back Into Spotlight by Vanke Plunge

[Bloomberg] Japan to Issue Over $73.5 Billion in New Bonds to Fund Stimulus

[Bloomberg] Stavridis: The Underwater Cables That Carry the Internet Are in Trouble

[NYT] Is Trump’s Plan to Remake the Fed Coming Into Focus?

[WSJ] Traders Are Flooding Markets With Risky Bets. Robinhood’s CEO Is Their Cult Hero.

[WSJ] It Really Is Possible to Spend Too Much on AI

[WSJ] U.K. Treasury Chief Says Budget Measures Will Tackle Debt, Inflation

[FT] Voice trading makes a comeback in $30tn Treasury market

[FT] China is making trade impossible

Tuesday Evening Links

[CNBC] Stock futures are little changed after Dow notches third winning session: Live updates

[Axios] Key economic sectors show weak job growth

[Yahoo/Bloomberg] Trump Says Xi ‘Pretty Much’ Agreed to Expand Agricultural Buys

[AP] Trump says he’s sending his envoys to see Putin and Ukrainians after fine-tuning plan to end war

[Bloomberg] Japan’s Takaichi Seeks to Fund Stimulus Without Spooking Markets

[NYT] Market Volatility Underscores Epic Buildup of Global Risk

[FT] China leapfrogs US in global market for ‘open’ AI models

[FT] Nvidia shares fall on signs Google gaining upper hand in AI

Tuesday Afternoon Links

[CNBC] Dow rallies 500 points on increased hope for a December rate cut: Live updates

[Yahoo/Bloomberg] Gold Advances With Hassett Emerging as Fed Chair Frontrunner

[Yahoo/Bloomberg] Traders Push US 10-Year Yield Below 4% as Hassett Tops Fed Field

[Yahoo/Reuters] US posts $284 billion October budget deficit; report impacted by shutdown

[Yahoo/Bloomberg] Hassett Emerges as Frontrunner in Trump Fed Chair Audition

[Yahoo Finance] Who will replace Federal Reserve Chair Jerome Powell? A look at the 5 finalists.

[AP] Federal agency boosts size of most single-family loans the government can guarantee to $832,750

[AP] California is considering cutting power company profits to historic lows, but bills will barely drop

[WSJ] Ukrainians Resist Pressure from Russia—and Trump