Thursday's News Links

[CNBC] S&P 500 and Nasdaq fall as semiconductors slide: Live updates

[CNBC] SK Hynix shares plunge over 11% as Asia sees tech rout, tracking U.S. chip losses

[Yahoo/Bloomberg] Middle East Bond Spreads Hit 2022 High as Ceasefire Breaks Down

[AP] US airstrikes hit northern Iran as it disables ship trying to run the blockade

[Reuters] Iran tells Houthis to close Red Sea gateway if US hits power network, sources say

[Yahoo/Bloomberg] Iran-US Skirmishes Worsen as Hormuz Shipping Traffic Dwindles

[Yahoo/Bloomberg] Iran’s Top Negotiator Defends US Peace Talks Against Hardliners

[AP] Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

[AP] US weekly unemployment claims fall to 208,000, fewest in 10 weeks

[Yahoo/Bloomberg] US Drivers Are Again Paying More Than $5 a Gallon for Diesel

[Yahoo/Bloomberg] IEA Boss Warns Global Economy in Peril If Hormuz Crisis Persists

[AP] US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

[Yahoo/Bloomberg] Retail Traders’ Rise Upends the Established Stock Market Order

[Reuters] Americans are angry about data centers. Politicians are feeling the pressure

[Yahoo/LAT] California employer health premiums will cost as much as a new car in 2027

[Yahoo/Reuters] South Korea regulator to announce new measures on single-stock leveraged ETFs

[Yahoo/Reuters] Korea Raises Rates for First Time Since 2023 on Chip-Led Boom

[Yahoo/Bloomberg] India Bars Seafarers From Strait of Hormuz Voyages After Attacks

[Yahoo/Bloomberg] Japan’s Household Inflation Expectations Hit Highest Since 2006

[Reuters] China's record consumer defaults undermine Beijing's push to boost spending

[Bloomberg] Texas Floods, Canada Smoke and Western Heat Batter US

[Bloomberg] Private Credit Attracts More Insurers Despite Market Jitters

[Bloomberg] China Seeks to Curb New Bond Sales by LGFVs With Increased Debt

[NYT] Strait of Hormuz Tanker Traffic Erodes Further as Oil Prices Rise

[WSJ] Controlling Hormuz Would Take More U.S. Troops—and Even More Risk

[WSJ] South Korea Regulator Unveils Curbs on High-Risk ETFs

[WSJ] Wall Street Traders Are Having Their Best Year Ever

[WSJ] The Mystery Money Powering Trump's Second Term

[WSJ] The AI Backlash Has Tech Executives Fearing for Their Lives

[WSJ] Canadian Wildfire Smoke Blankets U.S. Northeast and Midwest

[FT] Trump administration slaps 25% tariff on Brazil as bilateral ties deteriorate

[FT] The rating reforms needed to tackle private credit’s vulnerabilities

[FT] Takanomics vs Abenomics: the $2.3tn prizefight