Wednesday's News Links

[CNBC] Stocks rise for first time in four sessions as Treasury yields take breather: Live updates

[Yahoo/Reuters] Oil prices fall after hitting over one-month high; traders weigh supply risks

[Yahoo/Bloomberg] US Diesel Hits Highest Since April as Wars Strain Global Supply

[Yahoo/Reuters] Bond selloff deepens as inflation, oil prices jolt markets

[AP] Iran fires on its Gulf neighbors, retaliating for US strikes after a monthlong lull

[Yahoo/Bloomberg] US Attacks Prompt Iranian Retaliation as Fighting Intensifies

[Reuters] Saudi Arabia says Iran attacked vessel in Hormuz, killing two sailors

[AP] US military completes latest strikes against Iran, while Trump vows more for Tehran’s retaliation

[Axios] U.S. strikes Iran tankers under new "tanker for tanker" policy

[CNBC] Private payrolls rose by 38,000 in August, fewer than expected, ADP reports

[AP] AI boom heats up Bay Area housing market as wealthy buyers drive demand for high-end homes across US

[Reuters] Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise

[Yahoo/Reuters] Analysis-No shortage of culprits in panic over long US Treasury yields

[Yahoo/Reuters] The history of financing America, in six crisis episodes

[Axios] AI frenzy means that debt can be interest free

[Reuters] From street names to supply chains, Canadians pull away from US as rift grows

[Yahoo/Reuters] Analysis-How Japan's bond rout is turning the tide of global capital

[Yahoo/Reuters] BOJ's Takata urges nimble rate hikes, says 2026 marks a turning point

[AP] Germany probes suspected sabotage after disruption at 2 power substations

[Bloomberg] US-Iran Clashes Escalate as Fears Grow of Extended Conflict

[Bloomberg] Dutch Central Bank Shifts Gold From US on ‘Geopolitical Unrest’

[Bloomberg] BOJ’s Ueda Hints at September Rate Hike as Bets on Move Mount

[Bloomberg] UN Says Global Warming Will Cross 1.5C Soon, Hit at Least 1.8C

[NYT] Employer Health Costs Are Expected to Spike in 2027

[NYT] Allies Grumble That U.S. Is Hindering Global Economic Growth

[WSJ] The Bond Market Issues World Leaders a Failing Grade

[WSJ] U.S. Says It’s Fed Up With China’s Overcapacity—and More Countries Agree

[WSJ] Reserve Bank of New Zealand Delivers Further Rate Increase

[FT] So how big *was* Bessent’s yentervention?

[FT] Japan’s borrowing costs hit 30-year high: what does it mean for global markets?

[FT] The wheels are coming off the US world order