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Friday's News Links

[CNBC] S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

[Yahoo/Bloomberg] Oil Steadies After First Drop This Week on Peace Talk Optimism

[Yahoo/Reuters] US officials eye government stakes in AI companies, NOTUS reports

[AP] Chinese leader Xi Jinping will travel to North Korea next week in first visit since 2019

[Bloomberg] Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout

[Bloomberg] Japan Likely Sold Treasuries to Fund Record Yen Intervention

[Bloomberg] ‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens Grip

[NYT] Wall Street Is Going Gaga for SpaceX

[WSJ] The Anything-Goes Era in Private-Credit Lending Is Coming to an End

[WSJ] Anthropic Urges Global Pause in AI Development, Flags ‘Self-Improvement’ Risk

[WSJ] Real-Time Satellite Intelligence Is Making Ukraine’s Drone Strikes Deadlier Than Ever

[FT] Tett: Governments need to learn how to talk about debt

Thursday Evening Links

[CNBC] S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

[Yahoo/Bloomberg] Bitcoin Has Longest Losing Streak Since August in Bruising Week

[Yahoo/Reuters] US screwworm case puts ranchers on alert, rallies cattle prices

[CNBC] The May jobs report will be released Friday. Here’s what to expect

[Yahoo/Reuters] Fed's Schmid says choice is between patience and rate hikes to tamp down inflation

[AP] Putin says Russia will bolster its air defenses in response to Ukrainian drone attacks

[Yahoo/Telegraph] Chinese crackdown on Western finance shakes the City

[Bloomberg] Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030

[Bloomberg] Jane Street Plans New Data Center as Computing Power Runs Scarce

[Bloomberg] US Small Business Hiring Plans Drop to Lowest Since May 2020

[WSJ] Anthropic Calls for Global Slowdown in AI Development

[FT] Bitcoin tumbles after Strategy sale unnerves crypto traders

Thursday Afternoon Links

[AP] The Dow jumps 900 points as oil prices ease, but slumping AI stocks keep Wall Street in check

[Yahoo/Reuters] Oil falls as traders eye Iran deal following Lebanon-Israel ceasefire

[Axios] 2 Fed officials warn of interest rate hike potential

[CNBC] Blackstone restricts flagship fund withdrawals as private asset fears reemerge

[AP] Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

[Axios] Anthropic warns AI could soon help build its own successors

[Bloomberg] Progress in US-Iran Talks Stalls After Hezbollah Rejects Truce

[WSJ] Iran Ratchets Up Pressure on Trump With Kuwait Airport Attack

[WSJ] Phoenix Is a Data-Center Mecca—and Test Case for How to Pay for AI’s Power Needs

[WSJ] The IPO Market Is So Hot a 140-Year-Old Silver Mine Just Went Public

[FT] Hizbollah rejects US-brokered ceasefire as Israel pursues offensive

Thursday's News Links

[CNBC] S&P 500 falls as Broadcom leads chip stocks lower: Live updates

[Yahoo/Bloomberg] Oil Falls After Israel-Lebanon Ceasefire Even as Clashes Persist

[CNBC] U.S. Treasury yields take a breather as traders await more jobs data

[Yahoo/Bloomberg] The Mortgage Hedging ‘Beast’ Is Returning to the Treasury Market

[Yahoo/Bloomberg] Iran Says No Progress in US Talks as Lebanon Sees More Clashes

[AP] Hezbollah rejects latest ceasefire agreement and demands Israel withdraw from Lebanon

[AP] With Trump in a holding pattern on Iran war, allies and critics worry he risks getting boxed in

[AP] US jobless aid filings, a proxy for layoffs, rise to 225,000 last week but remain historically low

[Yahoo/Bloomberg] TSMC CEO Warns Chip Supply Won’t Meet AI-Fueled Demand for Years

[CNBC] Sellers are pulling homes off the market at the fastest pace since 2020

[Axios] Pulte pick sparks a Senate GOP rebellion

[Politico] Trump expected to nominate Todd Blanche to be attorney general

[Axios] New World screwworm confirmed in Texas, stoking fresh cattle fears

[Politico] Greenland is part of Denmark … ‘for now,’ Rubio says

[Yahoo/Reuters] Analysis-BOJ's Ueda pivots to inflation-fighting mode, clearing path for steadier hikes

[Bloomberg] Fed Eyes Bank Loans, Nonbanks’ Private Credit Defaults

[Bloomberg] Blackstone BCRED Joins Private Credit Funds Limiting Redemptions

[Bloomberg] Higher Losses Are Coming to Credit, Pimco’s Ivascyn Warns

[Bloomberg] Buyout and Debt Funds Struggle With $632 Billion Stockpile

[Bloomberg] Companies’ AI Bills Are Bigger Than Ever — and Coming Due

[Bloomberg] Apollo’s Zelter Sees High-Grade Debt Sales Topping US Treasuries

[Bloomberg] Banks Offload $1 Trillion Loan Risk to SRT Investors, IACPM Says

[Bloomberg] Insurers Acting Like Banks Must Grasp Loan Risk, EIOPA Says

[NYT] Republicans Begin to Test the Limits of Trump’s Power by Flexing Their Own

[WSJ] Trump Tells Aides He Won’t Resume All-Out War With Iran Unless U.S. Troops Are Killed

[WSJ] The Hormuz Squeeze Is Redrawing the Oil Map for Good

[WSJ] Blackstone Caps Withdrawals as Investors Ask to Pull $4.4 Billion From Private-Credit Fund

[FT] Trump’s empire of debt

[FT] Blackstone caps withdrawals from flagship private credit fund

[FT] Donald Trump’s pledge to unleash a ‘golden age’ of US manufacturing sputters

[FT] Americans lead AI data centre backlash, global poll finds

[FT] The rise and rise of the IMF’s mysterious ‘other’ reserve currencies

Wednesday Evening Links

[CNBC] S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates

[Yahoo/Bloomberg] Oil Holds Three-Day Gain as Iran-US Clashes Lower Deal Prospects

[Yahoo/Reuters] Bitcoin falls 4% to over three-month low

[Yahoo/Bloomberg] Republican-Led House Votes to Stop Iran War, Rebuking Trump

[Axios] Israel and Lebanon agree on a full ceasefire, conditioned on steps by Hezbollah

[Yahoo/Bloomberg] Trump Downplays Threats of Hormuz Mines, Touts Alternate Route

[Yahoo Finance] Fed's Beige Book shows evidence of widening K-shaped economy as inflation rises

[Reuters] Fed policy 'a bit loose,' need it to be 'restrictive,' Logan says

[Reuters] Fed Governor Cook declared her Atlanta property as “vacation home,” documents show

[Yahoo/Reuters] Vanguard index product becomes first ETF to top $1 trillion in assets

[Bloomberg] Logan Says Fed May Need to Raise Interest Rates This Year

[Bloomberg] D.E. Shaw Extends Client Exit Time to 4 Years, Shuts Two Funds

[WSJ] What to Know About Trump’s Latest Tariffs

[FT] Hedge fund DE Shaw extends investor lock-up for up to four years

[FT] Scott Bessent says US inflation jump will be ‘short-term blip’

[FT] Donald Trump’s pick of Bill Pulte as spy chief threatens foreign surveillance bill

Wednesday Afternoon Links

[CNBC] Dow falls 400 points as oil prices and bond yields creep higher: Live updates

[Reuters] Oil gains as Middle East hostilities flare

[CNBC] Leveraged ETF assets double in two months as investors press AI bet

[Yahoo/Bloomberg] US Forces Help Ships Leave Hormuz With Quiet Project Freedom

[Yahoo/Bloomberg] Rubio Says Trump Was Aware of Iran War Economic Fallout Risks

[Yahoo/Bloomberg] Pulte’s Job as Intelligence Boss Puts Spy Powers Law in Jeopardy

[Axios] Trump allies renew Greenland, Canada takeover talk

[Bloomberg] Fed’s Beige Book Shows Steady Employment, Higher Inflation

[Bloomberg] Bessent Invokes Language on Inflation That Caused Yellen Trouble

[Bloomberg] DoubleLine’s Cohen Says AI Bubble Is Coming to Credit Markets

[WSJ] U.S.-Iran Skirmish Spurs Deadly Drone Attack on Kuwait Airport

[WSJ] America’s Data-Center Build-Out Is Falling Way Behind Schedule

[WSJ] Trump Administration Turns to a New Rationale to Justify Old Tariffs

[FT] Donald Trump’s Iran war drains US oil stocks to lowest level since 2004

[FT] Warsh needs to separate his roles at the Fed

Wednesday's News Links

[CNBC] Dow drops 200 points as oil prices and bond yields creep higher: Live updates

[Yahoo/Bloomberg] Oil Extends Advance as US-Iran Peace Talk Progress Stalls

[Yahoo/Reuters] Analysis-AI building boom ripples through inflation-hit Treasury market

[Yahoo/Bloomberg] Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout

[Yahoo/Bloomberg] US, Iran Exchange Military Strikes to Put Fresh Strains on Ceasefire

[Reuters] Iran war live: Kuwait airport attack injures at least 63 and damages terminal building

[Axios] U.S. and Iran in fresh clashes as peace talks stall

[Yahoo/Reuters] Strain grows on shipping industry with vessels stuck inside Hormuz

[Yahoo/Bloomberg] Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers

[CNBC] Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

[CNBC] Mortgage rates are easing slightly, but homebuyers are retreating

[Axios] Bitcoin faces mounting pressure beyond Strategy sale

[Reuters] US tech stocks' market dominance reaches new heights and presents new risks

[Yahoo/Bloomberg] SpaceX Seeks $135 a Share for $75 Billion IPO, Reuters Says

[Reuters] Exclusive: Warsh pledges to follow best of Fed's traditions, while also looking for change

[Yahoo/Bloomberg] Trump Begins Rebuilding His Tariff Wall Citing Forced Labor

[Reuters] US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

[Politico] EU slams Trump’s forced labor tariff as ‘unjustified’

[Yahoo/Bloomberg] Canada Makes New US Trade Proposals, Warns of ‘Turbulence’

[Yahoo/Reuters] AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns

[Axios] Trump confirms profanity-laced Netanyahu call over Lebanon

[CNBC] GOP Sen. Tillis slams Trump intelligence pick Pulte: ‘Don’t think he has a prayer’

[Yahoo/WSJ] OECD Warns of Severe Global Slowdown If Middle East Conflict Is Prolonged

[Reuters] China services activity grows at fastest pace in three months, private PMI shows

[Reuters] Ukraine strikes St Petersburg oil terminal, naval base as Putin's 'Davos' gets under way

[Politico] El Niño to bring more heat and disasters in coming months, UN warns

[Bloomberg] Treasuries Fall Most in Two Weeks on Rate-Hike Bets

[Bloomberg] Why the Strait of Hormuz Is at the Heart of the US-Iran Stalemate

[Bloomberg] AI Funding Boom Reaches Muni Market With Google-Tied Bond Sale

[Bloomberg] Why Trump’s New Tariff Plan Focuses on Forced Labor

[Bloomberg] Dudley: The Federal Reserve Requires Better Communication, Not Less

[Bloomberg] BOJ’s Ueda Signals Good Chance of June Hike as Price Risks Rise

[NYT] Iran War Live Updates: Iran Targets Neighbors as U.S. Condemns ‘Aggressive’ Strikes

[NYT] Trump Aims New Tariffs at 59 Countries and the European Union

[NYT] War Games and Warnings on Strait of Hormuz Went Unheeded by Trump

[WSJ] U.S., Iran Trade Heavy Fire in Persian Gulf, Testing Fragile Ceasefire

[WSJ] See How the Middle East’s Ceasefires Remain Plagued by Violence

[WSJ] Why the President Tapped ‘Little Trump’ as His Intelligence Chief

[WSJ] Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff

[FT] US and Iran exchange renewed fire as tensions rise over stalled peace talks

[FT] OECD warns of ‘dark scenario’ if Gulf energy crisis drags on

[FT] Warsh set to revamp Federal Reserve’s signalling to Wall Street

[FT] Trading firms generated $114bn in revenue last year

[FT] Sorry Marc, it’s just not that big

Tuesday Evening Links

[CNBC] Stock futures are little changed after S&P 500 closes at another record: Live updates

[Yahoo/Bloomberg] Oil Extends Advance as US-Iran Peace Talk Progress Stalls

[CNBC] Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says

[Reuters] Hostilities flare again in Iran war, talks at a stalemate

[Yahoo/Bloomberg] Trump’s Netanyahu Problem Is Latest Key Hurdle to Iran Deal

[CNBC] Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

[Bloomberg] Fed’s Warsh Taps Conservatives Winfree, Heil as Advisers

[Bloomberg] Japan Unveils $19 Billion Extra Budget to Cushion Mideast Impact

[FT] Cliffwater’s flagship private credit fund redemption requests hit 17%

[FT] Donald Trump signs watered-down AI vetting order after Maga infighting

Tuesday Afternoon Links

[CNBC] S&P 500 scales to fresh record high as Nvidia leads chips higher: Live updates

[Yahoo/Bloomberg] Oil Swings Higher as Traders Weigh Prospects of US-Iran Deal

[Yahoo/Bloomberg] Crypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens

[AP] Iran stops talking to mediators over Israel fighting Hezbollah in Lebanon, Iranian reports say

[CNBC] Rubio says U.S. is in talks with Iran over nuclear program as senators press for war endgame

[CNBC] Job openings in April surged to 7.6 million, the highest in nearly two years

[AP] Trump signs an executive order to vet top AI models for national security risks

[Yahoo/Bloomberg] US Lowers Tariffs on Farm, Industrial Equipment as Costs Soar

[Axios] Trump taps housing regulator turned MAGA enforcer as intelligence chief

[AP] Trump taps housing regulator Pulte to be acting director of national intelligence

[Bloomberg] Strait of Hormuz Traffic Remains Thin Amid Peace-Deal Uncertainty

[Bloomberg] Goldman Sees August US Diesel Crunch as Stocks Lowest Since 2003

[Bloomberg] Bitcoin’s Inflation-Hedging Promise in Tatters After 36% Plunge

[Bloomberg] Goldman’s Solomon Says There’s More Greed Than Fear in Markets

[Bloomberg] Extreme Weather to Drive $20 Trillion in Spending, BI Says

[NYT] Ship in Iraqi Port Is Struck by Projectiles as Iran Claims Responsibility

[WSJ] Hammack Says Fed May Need to Respond if Inflation Persists

[WSJ] America’s Truckers Are Driving Just a Little Slower to Save Gas

[WSJ] BOE’s Greene Says Case for Rise in Key Interest Rate is Growing

[FT] The China-US tech truce is fragile

Tuesday's News Links

[CNBC] Dow slides after record-setting session on Wall Street: Live updates

[AP] Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire.

[Yahoo/Reuters] Oil falls more than 1% as Iran reviews proposed US agreement

[Yahoo/Bloomberg] Gold Rises as Traders Weigh Confusion Over US-Iran Talks

[Yahoo/Bloomberg] Bitcoin Tumbles Below $70,000 for First Time in Two Months

[Reuters] Iran studying deal to halt war as stalemate persists

[AP] The ceasefires in Gaza, Lebanon and Iran are stretching the term’s meaning

[Yahoo/Bloomberg] Trump Tries to Stop Israel’s Lebanon Push Derailing an Iran Deal

[Yahoo/Reuters] Fed's Hammack eyes tighter policy if inflation doesn't abate

[Yahoo/Bloomberg] Wall Street Analysts Turn Skeptical After Two-Month Stocks Rally

[Axios] America's muddled factory recovery

[Axios] Anthropic faces AI spending backlash before IPO

[Yahoo/Bloomberg] SK Hynix Plans to Double Capacity to Ease Memory Chip Crunch

[Reuters] US in talks to expand nuclear weapons deployments in Europe, FT says

[AP] Massive Russian attack kills 18 people across Ukraine, officials say, as Moscow escalates fighting

[Bloomberg] Hammack Says Fed May Need to Act Soon Against High Inflation

[Bloomberg] Kevin Warsh’s Fed Regime Change Comes With a Catch

[Bloomberg] Trump Taps Pulte as Acting Director of National Intelligence

[Bloomberg] How the Iran War Is Shaking Up Food Supply Chains

[Bloomberg] US Targets Brazil With New 25% Tariff Over Trade Practices

[WSJ] Private-Credit Firms’ Insurers Brace for Looming Legal Storm

[WSJ] Eurozone Inflation Climbs Further, Paving Way for ECB Rate Hike

[FT] America’s AI boom is carrying more than investors admit

[FT] US convertible bonds set for record year as issuers harness AI boom

[FT] Eurozone inflation rises to 3.2% in May as ECB prepares to raise rates

[FT] Gold replaces US Treasuries as world’s top reserve asset, ECB says

Monday Evening Links

[CNBC] Stock futures slip after all three major indexes close at new records: Live updates

[CNBC] Asia-Pacific stocks open lower as uncertainty over U.S.-Iran peace talks dents sentiment

[Yahoo/Bloomberg] Oil Holds Biggest Gain in a Month on Standoff in US-Iran Talks

[Yahoo/Bloomberg] Trump Aims to Calm Lebanon Tensions to Keep Peace Talks Alive

[Axios] 'You're fu..... crazy': Trump fumes at Netanyahu in call on Lebanon

[Yahoo/Bloomberg] CoreWeave-Tied Data Center Seeks $850 Million Junk Bond Sale

[Reuters] Trump's 'weaponization' fund put on hold after fierce opposition from Congress

[Yahoo/Bloomberg] PBOC Currency Policy Guessing Game is Traders’ New AI Experiment

[Bloomberg] S. Korea’s Inflation Accelerates, Supporting BOK’s Hawkish Tilt

[Bloomberg] South Korea Overtakes India as World’s Sixth-Largest Stock Market

[NYT] Iran War Live Updates: Israel and Iran Step Back From Threats After Day of Tension

[NYT] High-Wire Negotiations with Iran? Trump Finds it ‘Very Boring.’

[WSJ] Trump Pushes to End Lebanon Conflict in Hope of Unlocking a Deal With Iran

[WSJ] America’s New Financial Middle: Not in Crisis, Not Thriving Either

[WSJ] South Korea Inflation Accelerated to 26-Month High in May

[FT] China’s housing market could have further to fall

Monday Afternoon Links

[Yahoo/Reuters] Stocks hold near record highs as AI optimism trumps Iran tensions

[Yahoo/Bloomberg] Oil Soars After Report Says Iran Is Set to Halt Messages With US

[Yahoo/Bloomberg] Iran Halts Talks With US and Threatens Full Hormuz Closure

[Reuters] Trump says no Israeli troops will go to Beirut after call with Netanyahu

[Axios] Lebanese official told U.S. that Hezbollah ready for full ceasefire with Israel

[Yahoo/Bloomberg] US Manufacturing Activity Expands by Most in Four Years

[Yahoo/Reuters] US construction spending beats expectations in April

[Yahoo/Bloomberg] Apollo’s Slok Says AI Will Dash Warsh’s Hopes for Quick Rate Cut

[Bloomberg] US Construction Spending on Data Centers Eclipses $50 Billion

[WSJ] Anthropic Files to Go Public in Blockbuster Year for IPOs