Wednesday's News Links

[CNBC] S&P 500 falls as yields rise after hot inflation report: Live updates

[CNBC] 10-year Treasury yield jumps as September core inflation is hotter than expected

[Yahoo/Reuters] Oil prices surge as Iran deploys new tactics to target tankers

[CNBC] Bank of America shares drop 7% after third-quarter revenue miss and regulatory penalty

[AP] Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near

[CNBC] Even more borrowers choose riskier mortgages, as higher interest rates crush affordability

[AP] Iran says a ship sank after striking a mine in Strait of Hormuz, and other Middle East developments

[Reuters] Container ship sinks near Hormuz after being hit by projectile, sources say

[Reuters] Iran shifting tactics to step up attacks on shipping before US vote, officials say

[CNBC] Iran says it’s ‘counting the moments’ until it can attack U.S. warships; Saudi Aramco facilities attacked

[AP] Fire breaks out at a Saudi Aramco building targeted in an attack, energy ministry says

[Yahoo/WSJ] Global Diesel Squeeze to Drag Into 2027, IEA Says

[Axios] AI investment is crowding everything else out

[Yahoo/Bloomberg] Skydance Bonds Extend Losses Amid Warner Bros. Buyout Angst

[Reuters] SoftBank junk bond sale raises stakes for CEO Son's all-in AI bet

[Reuters] US retirees to receive 3.6% Social Security increase in 2027

[Yahoo/Reuters] China September new bank loans jump more than expected on stimulus, seasonal boost

[AP] China’s trade surplus hits $938 billion for Jan-Sep as pressure ramps up to rebalance trade

[CNBC] China’s producer prices rise at fastest pace since June 2022, beating expectations

[Yahoo/Reuters] China's September exports blow past forecasts, imports accelerate

[AP] Zelenskyy says Russia keeps striking Ukraine’s energy sites despite Trump ceasefire push

[Yahoo/Bloomberg] Russia Arrests Japanese Reporter for Espionage as Spat Grows

[Bloomberg] US Treasuries Slump as Hot Inflation Lifts Fed Rate-Hike Bets

[Bloomberg] BofA’s Bond Portfolio Surpasses $100 Billion in Paper Losses

[Bloomberg] Bessent’s Growth Plan Can’t Fix US Debt Problem, IMF Chief Warns

[Bloomberg] Insurance Pullback Is Coming as Climate Risk Grows, Report Shows

[NYT] Gas Costs a Third More Than a Year Ago

[NYT] Trump’s Latest Effort to Fire a Fed Official Underscores Political Motives

[NYT] Federal Judge Again Blocks Trump’s Ban on CNN, MS NOW and Politico

[WSJ] IMF Warns Governments Against Reliance on Short-Term Debt

[WSJ] The Houthis Are Building an Advanced Missile With Chinese Parts

[WSJ] Stubborn Sellers Are the Last Thing Propping Up Home Prices

[WSJ] Fed’s Bowman Says Inflation Above Goal, But No Urgency to Act

[FT] US grocery prices poised to climb as soaring fuel costs drive inflation

[FT] BlackRock pulls in $205bn to take assets to record high

[FT] CoreWeave targets ‘unlimited’ insurance money to fund AI build-out

[FT] Japanese banks and insurers return to domestic bonds as yields surge

[FT] How Ukraine’s data centre strikes threw Russia into turmoil

[FT] Ukraine blindsided by Starlink restrictions and intelligence gaps

[FT] Russia arrests Japanese journalist on espionage charges