Friday's News Links

[CNBC] Stock futures slip as Wall Street takes a breath after two-day rally: Live updates

[Yahoo/Bloomberg] Gold Rises Toward $5,000 as Weaker Dollar Adds Impetus to Rally

[Yahoo/Bloomberg] ‘Quiet-Quitting’ of US Assets Fuels Boom in Bets From EM to Gold

[Yahoo/Bloomberg] An AI Debt Binge Is Set to Test Credit’s 1990s-Like Euphoria

[CNBC] Wall Street braced for a private credit meltdown. The risk of one is rising

[Yahoo/Bloomberg] Trump’s Decision Day on Fed Pick Poses Stress Test for Traders

[Axios] Retail investor dip buying hits a record high

[Politico] This was the moment EU leaders agreed Europe must go it alone

[Politico] Trump disinvites Canada from Gaza ‘Board of Peace’

[Reuters] BOJ signals more hikes in hawkish tilt, warns of action against yield spike

[Reuters] Russia, Ukraine to tackle land dispute at UAE talks; no sign of compromise

[AP] Death toll in Iran protest crackdown is reportedly at 5,002 as Trump says US ‘armada’ approaching

[Reuters] US control of Venezuela oil risks debt restructuring showdown with China

[Reuters] How much does Venezuela owe China, and why is oil involved?

[Bloomberg] US-Europe Strains Hurt Credit Outlook on Both Sides, Scope Says

[Bloomberg] In Trump v. Dimon, Years of Strain Culminate in $5 Billion Suit

[Bloomberg] Japan Regulator Quizzes Life Insurers on Bond Paper Losses

[Bloomberg] PBOC’s Record Fund Injection Cements Dovish Stance for Markets

[NYT] Storm Poses Big Threats to Power Grids Across U.S.

[WSJ] How Banks Can Appease Trump on Credit-Card Rates

[WSJ] The West Stepped Back From the Brink. But Europe’s Distrust of America Lingers.

[WSJ] Trump Wants Peace Board to Rewrite Global Order—but Major Powers Aren’t Sold

[WSJ] China Sees a Chance to Lure Jaded U.S. Allies

[FT] Donald Trump’s tariff ‘shock regime’ tests Wall Street’s mettle

[FT] Bank of Japan signals more rate rises as Takaichi dissolves parliament for snap poll

[FT] Donald Trump sends US armada towards Iran ‘just in case’

Thursday Evening Links

[Axios] Stock futures are little changed after major averages advance for second straight day: Live updates

[Reuters] Gold tops $4,900/oz; silver and platinum extend record‑setting rally

[Bloomberg] Gold Climbs to Record as Weaker Dollar Extends Scorching Rally

[Bloomberg] US High-Grade Corporate Bond Spreads Hit Fresh Three Decade Low

[Bloomberg] A Guide to the Circular Deals Underpinning the AI Boom

[Bloomberg] Trump Says Fed Chair Interviews Are Done, Has Pick in Mind

[Bloomberg] Capital One CEO Says Capping Card Rates Threatens Recession

[WSJ] Trump Administration Taps Data Centers for Backup Power Ahead of Snowstorm

Thursday Afternoon Links

[Reuters] Wall Street targets record highs on tariff relief, upbeat data

[AP] Prices ticked up in November as Americans keep spending, a key inflation measure shows

[AP] Trump sues JPMorgan for $5 billion, alleges bank closed his accounts for political reasons

[Axios] The bond market keeps the score

[Reuters] Exclusive: Big North European investors reassess US exposure as geopolitical risk mounts

[Yahoo/Bloomberg] Trump Threats Sow Anxiety Among Europe’s Rich on Their US Bets

[Bloomberg] Small Caps Headed for Longest Win Streak Over S&P 500 Since 1996

[Bloomberg] How Trump’s Greenland Threat Revived the TACO Trade

[Bloomberg] Shellshocked EU Rethinks US Relationship After Trump Threat

[Bloomberg] Carney Warns of Rising Authoritarianism After Davos Appeal

[Bloomberg] Egan-Jones Cut as a Recognized Ratings Firm by Bermuda Regulator

[NYT] Trump Returns to a Familiar Role: Sowing Trade Chaos

[WSJ] Federal Crackdown Pulls Thousands of Foreign Truckers Off Roads

[WSJ] Trump’s About-Face on Greenland Thrusts Europe Into Another Dilemma

[FT] Trump’s alarming threat to invoke the Insurrection Act

[FT] EU leaders fear for US relationship despite Trump climbdown