Thursday's News Links

[CNBC] Stock futures inch higher following a record-setting day for S&P 500 and Nasdaq: Live updates

[Yahoo/Bloomberg] Oil Rises With Hormuz Still Blocked as Longer Truce Under Review

[AP] Live updates: Pakistan delegation to meet with Iranian officials, hoping for more US-Iran talks

[Reuters] Iran-US talks turn to interim deal amid rifts over nuclear work, Iranian sources say

[AP] US aircraft carrier breaks record for longest deployment since the Vietnam War

[Axios] Iran war's ripple effects hit key U.S. trading partners

[CNBC] Europe could run out of jet fuel in 6 weeks, IEA chief tells AP

[Yahoo/Bloomberg] UK Prepares for Food Shortages Caused by Iran War CO2 Crunch

[AP] US jobless claims fall last week as layoffs remain low despite global economic uncertainty

[Reuters] Wall Street bank earnings in five charts as volatile markets take center stage

[Axios] Private credit risk? This is fine

[Reuters] Relaxation of US day-trading rules opens door to YOLO trading, higher risk 

[CNBC] Spring homebuying season is here, but it’s not bringing much price relief for buyers

[AP] ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

[Reuters] How surging bond yields add to Europe's fiscal headaches

[Reuters] Aluminium in crisis: war, tariffs and a market running on empty

[Yahoo/Bloomberg] China’s Economy Revs Up Despite War as Growth Tops Forecasts

[CNBC] China economic growth accelerates to 5% in first quarter — but Iran war clouds outlook

[Axios] Renewable energy gets an Iran war boost

[Bloomberg] Fed’s Williams Signals Steady Rates in Face of War’s Risks

[Bloomberg] A Botched Fed Transition Is a Stain on Independence

[Bloomberg] Private Credit's Biggest User Is in an Even Worse Place

[Bloomberg] How Much Finance Is Too Much for the US Economy?

[Bloomberg] Macro Hedge Funds Hammered in China as Bridgewater Loses 5.6%

[Bloomberg] China Home Price Decline Eases in Boost for Recovery Hopes

[Bloomberg] Why North Korea’s Nuclear Arsenal Is a Growing Worry

[WSJ] Pirro, Warsh, Trump and the Fed Drama That Just Won’t Stop

[WSJ] The Decades-Old Legal Question at the Heart of the Fed Chair Showdown

[WSJ] Wall Street Is Spending Its Big Windfall on Wall Street

[FT] Donald Trump threatens to fire Fed chair Jay Powell — again

[FT] Can Donald Trump unseat Jay Powell as Federal Reserve chair?

[FT] How the Strait of Hormuz will change Iran’s regime

[FT] Gulf states turn to private deals in $10bn wartime borrowing spree

[FT] Who’s managing all the sovereign wealth?

Wednesday Evening Links

[CNBC] Stock futures are little changed following a record-setting day for S&P 500 and Nasdaq: Live updates

[Yahoo/Bloomberg] Oil Holds Steady Amid Prospect of Peace Talks With Hormuz Shut

[AP] Live updates: US ready to hit Iran with ‘financial equivalent’ to bombings, treasury secretary says

[Yahoo/Bloomberg] US, Iran Weigh Truce Extension With Hormuz Still Shuttered

[AP] From dropping bombs to pressuring banks: US pivots to economic warfare on Iran

[Yahoo Finance] Fed's Beige Book: Iran war has businesses on edge

[CNBC] Iran war damaged as much as $58 billion of energy infrastructure, Rystad estimates

[Yahoo/Bloomberg] Trump’s $1.5 Trillion Pentagon Budget Raises Some GOP Eyebrows

[CNBC] Cattle prices soar to record highs as grilling season heats up

[AP] Nature puts heat on blast as scorching temperatures take aim at eastern US

[WSJ] Trump Aims to Force a Quick Iran Deal With a Slow Squeeze

[WSJ] Trump and His Federal Reserve Vendetta

[FT] Goldman president warns private credit funds are not marketed properly

[Ft] Goldman traders wrongfooted as Iran war upended interest rate expectations

Wednesday Afternoon Links

[CNBC] S&P 500 rises to new record as investors move past Iran conflict concerns: Live updates

[Axios] U.S. and Iran inch toward framework deal to end war, U.S. officials say

[AP] Pakistani delegation arrives in Tehran in move to ease tensions and arrange more US-Iran talks

[Yahoo/Bloomberg] US home builder sentiment drops to seven-month low in April, NAHB survey says

[Yahoo/Bloomberg] Tax Refunds Are Up, But Many Americans Aren’t Feeling It

[Axios] It's been a weird 24 hours for the Fed

[CNBC] Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value

[Politico] Russia ramps up ‘destructive’ cyberattacks on Europe, says Sweden

[Politico] Magyar’s first target: Hungary’s state-controlled media

[Bloomberg] US Won’t Renew Iranian, Russian Oil Waivers, Bessent Says

[Bloomberg] US Probes Suspicious Oil Trades Made Before Trump Pivots

[Bloomberg] Qatar Warns of ‘Huge’ Economic Fallout From War in Coming Months

[NYT] Iran-Linked Ships Slow or Stop as U.S. Blockade Is ‘Fully Implemented’

[NYT] Debt Alarms Ring as Countries Rack Up More Emergency Spending

[WSJ] Wall Street Is Searching for Cockroaches in Private Credit. Here’s What Has Happened So Far.

[FT] Rate setters face ‘double danger’ from Iran war and tariffs, Federal Reserve official warns

[FT] Trump threatens to fire Jay Powell and refuses to halt criminal probe

[FT] US crude exports hit record as Iran war disrupts Middle East supplies

[FT] Iran is America’s Suez crisis — and just as ridiculous

Wednesday's News Links

[CNBC] S&P 500 ticks higher as benchmark approaches all-time high: Live updates

[Yahoo/Bloomberg] Oil Steadies After Slumping on Moves to Restart US-Iran Talks

[AP] Live updates: Trump claims China has agreed not to provide weapons to Iran

[Yahoo/Bloomberg] US, Iran Seek Further Talks as Hormuz Standoff Intensifies

[AP] Diplomats try to arrange a second round of US-Iran talks during first full day of American blockade

[Yahoo/Bloomberg] Trump Risks Showdown With Xi Before Summit Over Hormuz Blockade

[Yahoo/Bloomberg] Trump Isolation Deepens on World Stage as Allies Rebuff, Condemn

[Reuters] Iran used Chinese spy satellite to target US bases, FT reports

[Bloomberg] Hedge Fund Leverage Powered by a Few Key Banks Sparks Concerns

[Bloomberg] Gas Spending Jumped 16% for BofA Customers Amid the War in Iran

[Bloomberg] Trump Threatens to Fire Powell If He Doesn’t Exit Fed

[Bloomberg] US Prosecutors Made Unannounced Visit to Federal Reserve in DC

[Bloomberg] AI-Exposed Lenders Show Early Credit Warning Signs, Moody’s Says

[Bloomberg] Silver Market Poised for Sixth Straight Annual Deficit This Year

[Bloomberg] China’s Xi Meets Russia’s Foreign Minister Lavrov in Beijing

[Bloomberg] Risky Bond Sales Sweep Europe at Fastest Pace Since War Shock

[Bloomberg] BOK Governor Nominee Warns of Inflation, Flags Excess Won Moves

[Bloomberg] South Korea Import Prices Post Biggest Jump Since 1998 on Iran War

[Bloomberg] Traders Boost Taiwan Stock Leverage to Highest in 25 Years

[NYT] Trump Threatens to Fire Powell if He Does Not Resign From Fed

[NYT] Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation

[WSJ] IMF Sees Global Government Debt Matching Annual Output in 2029, a Year Earlier Than Expected

[WSJ] Around 14% of Enrollees in ACA Plans Failed to Make Payments, Data Shows

[WSJ] Iran Ports Are Quiet As Strait Blockade Holds Up

[WSJ] Iran’s Regime has Changed—for the Worse

[WSJ] The Bezos Vs. Musk Space Race Is Heating Up

[WSJ] New York Governor Proposing Tax on Second Homes Worth $5 Million or More

[FT] Banks’ soaring exposure to trading firms creating ‘inherent fragility’, warns S&P

[FT] ‘Bifs’ replace ‘Piigs’ as Europe’s bond market whipping boys

[FT] Iran faces halt to oil production within weeks if US blockade succeeds

[FT] Iran used Chinese spy satellite to target US bases

[FT] Silver market seen as ripe for another price squeeze