Thursday's News Links

[CNBC] Nasdaq soars 2% after Micron’s strong earnings, in-line inflation data: Live updates

[CNBC] Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

[AP] Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

[AP] US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate

[AP] US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds

[Reuters] US PCE inflation measure tops 4.0% in May; consumer spending strong

[Reuters] US core capital goods orders rebound sharply in May

[Yahoo/Reuters] Apple raises prices of MacBooks, iPads as memory costs skyrocket 

[Axios] Why prices at the pump are slow to follow oil lower

[Axios] Nation's health care tab hit $5.7 trillion last year

[Axios] Why Americans hate the "good" economy

[CNBC] Iran declares new Hormuz route ‘unacceptable and dangerous,’ warns against ships transiting without approval

[Yahoo/Bloomberg] Fannie, Freddie Boost Risk to Levels That Once Shook Wall Street

[Yahoo/Bloomberg] Private Credit’s Big Arbitrage Trade Gains Backing From Advisers

[Axios] Trump runs into Republicans who won't bend

[Axios] Behind the Curtain: America's great political implosion

[Axios] Water joins energy as top AI flashpoint

[AP] 2 powerful quakes hit Venezuela, killing at least 164 and injuring nearly 1,000

[Yahoo/LAT] Hiltzik: Puncturing the myth of Alan Greenspan, whose policies gave us the Great Recession

[Bloomberg] Japan’s 20-Year Bond Sale Sees Lowest Demand Since May 2025 Rout

[Bloomberg] Japan’s $2.3 Trillion Investment Plan Raises Fresh JGB Concerns

[Bloomberg] BOJ’s Hawkish Board Member Calls for Rate Hike Every Few Months

[Bloomberg] Bitcoin’s $10 Billion Options Expiry Risks Deepening Selloff

[Bloomberg] H5N1 Bird Flu Has Reached Every Continent. How Worried Should You Be?

[NYT] U.S. Inflation Problems Are Far From Over

[NYT] Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz

[WSJ] Fed’s Preferred Inflation Gauge Climbs Above Target Range

[WSJ] The Data-Center Boom Is Sparking a Third Wave of Inflation

[WSJ] Trump Stuns Republicans With Whirlwind Day of Frustration and Finger-Pointing

[WSJ] Hawkish BOJ Member Sees Scope to Bring Policy Rate Closer to 2%

[WSJ] ECB Will Need to Raise Interest Rates Again, Schnabel Says

[FT] SpaceX bond sale signals markets are in ‘bubble territory’, warns Allianz CIO

[FT] Sanae Takaichi sets out Japan’s largest-ever investment roadmap

[FT] How much compute does the world really need?