Friday's News Links

[CNBC] Stock futures slide after S&P 500 closes lower; wholesale inflation reading looms: Live updates

[CNBC] U.S. and Iran wrap up ‘most intense’ nuclear talks with no deal — more negotiations ahead

[Axios] Top U.S. commander in the Middle East briefs Trump on Iran options

[Yahoo/Bloomberg] Apollo Private Credit Fund Marks Down Portfolio on Soured Loans

[CNBC] Private equity enters its ‘Darwinian’ era as experts warn some funds face extinction

[AP] Pakistan’s defense minister says that there is now ‘open war’ with Afghanistan after latest strikes

[Reuters] Pakistan bombs targets in Afghan cities, minister calls it 'open war

[Bloomberg] Federal Reserve and US Attorney Remain Deadlocked Over Subpoenas

[Bloomberg] Deep Inside Putin’s War Machine, the Pain Is Starting to Show

[NYT] The Warning Signs Flashing From the Tech-Heavy Bloat of the S&P 500

[WSJ] China Moves to Tame Yuan Rally by Slashing Shorting Costs

[FT] US warns it will axe all Anthropic agreements without Pentagon deal

[FT] Tett: Power failure could undermine America’s AI ambitions

[FT] Economic nationalism is just getting started 

Thursday Evening Links

[CNBC] Stock futures slide after S&P 500 closes lower; wholesale inflation reading looms: Live updates

[Reuters] US-Iran talks end with no deal but potential signs of progress

[CNBC] Anthropic CEO Amodei says Pentagon’s threats ‘do not change our position’ on AI

[Axios] AI "hot takes" are becoming a market risk

[Axios] Scoop: US citizens were on stolen boat in deadly shooting with Cuba's coast guard

[Bloomberg] A New Credit Blowup in London Has Wall Street Chasing Billions

[Bloomberg] CoreWeave Shares Slide After Heavy Spending Alarms Investors

[Bloomberg] Anthropic Spurns Latest Pentagon Bid to Defuse Feud Over AI Work

[WSJ] Anthropic Refuses Pentagon’s Proposal to Loosen AI Guardrails

[WSJ] Federal Reserve Mounts Closed-Door Fight Against Justice Department Subpoenas

[FT] Anthropic rejects Pentagon’s ‘final offer’ for military use of its AI

[FT] Private credit fund managed by KKR reports jump in troubled loans

Thursday Afternoon Links

[AP] Nvidia’s drop drags the US stock market down

[Yahoo/Bloomberg] Private Credit’s Great Divide: Imminent Crisis or ‘No Big Deal’

[AP] For the first time since 2022, average US long-term mortgage rate dips below 6%

[Yahoo/Reuters] Fed's Miran: Four quarter-point cuts still warranted this year, no "all clear" for job market

[AP] Shrinking North American bird population is getting worse faster. Experts blame agriculture, warming

[Bloomberg] Carlyle CEO Says Firms Erred Labeling Retail Funds ‘Semi-Liquid’

[NYT] Why Nvidia’s Big Profits Aren’t Lifting Markets

[WSJ] In Iran Talks, U.S. Brings Tough Demands, Growing Military Presence

[WSJ] Spurned by Trump, Canada’s Carney Is Seeking New Friends Everywhere

[WSJ] Weary U.S. Farmers Brace for More Uncertainty as Profits Remain Elusive

[WSJ] U.S. Power-Plant Pollution Rose Sharply in 2025

[FT] US and Iran make ‘progress’ in nuclear talks, mediator says

[FT] Wall Street turns to complex trades to dodge AI ‘implosions’