Wednesday's News Links

[CNBC] Dow surges 400 points as oil dives on Iran deal progress, AMD jumps: Live updates

[Yahoo/Bloomberg] Oil and Gas Plunge on Report US and Iran Nearing Deal to End War

[Yahoo/Bloomberg] Gold and Silver Surge on Iran War Optimism, Weaker Dollar

[Reuters] Global stocks surge and oil slides on Iran peace deal report

[Axios] Exclusive: U.S. and Iran closing in on one-page memo to end war, officials say

[AP] Trump threatens Iran with bombing if it doesn’t reopen Strait of Hormuz

[Axios] Trump suspends Hormuz operation, claims progress on Iran deal

[CNBC] Private payrolls rose by 109,000 in April, topping expectations, ADP says

[CNBC] China hosts Iran’s top diplomat just days ahead of Trump’s high-stakes visit

[Yahoo/Fortune] The war with Iran is ‘over’ but the jet fuel crisis is about to begin

[Yahoo/Telegraph] Andrew Bailey raises alarm over ‘shadow bank’ risk

[Yahoo/Bloomberg] US to Adopt 25% Car Levy ‘Soon’ Unless EU Clears Trade Deal

[Yahoo/Bloomberg] Apollo Sees Assets Top $1 Trillion for the First Time Ever

[Yahoo/Bloomberg] Companies Rush to Sell Bonds in Europe’s Market at Record Pace

[Bloomberg] US Punts on Debt Auctions, Signaling No Changes Into 2027

[Bloomberg] Powell Is Right to Demand Clarity on Fed Independence

[Bloomberg] The AI Boom’s Chipmaker Moment Ignores History

[WSJ] Gulf States Fear an Emboldened Iran Is Taking Advantage of a Hesitant U.S.

[WSJ] China Is Still Supplying Drone Factories in Iran, Russia Despite U.S. Sanctions

[WSJ] South Korea Inflation Hits 21-Month High in April

[WSJ] On Eve of Proposed Cease-Fire, Russia Launches Huge Attack on Ukraine

[FT] FSB raises alarm over private credit vulnerabilities

[FT] Global oil reserves plunge at record pace as Middle East war strains supplies

Tuesday Evening Links

[CNBC] S&P 500 futures are little changed after broad-market index hits a fresh record: Live updates

[Yahoo/Reuters] Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz

[Yahoo/Bloomberg] Aluminum Jumps the Most in Three Weeks as US-Iran Truce Holds

[Yahoo/Bloomberg] US Says Offensive Phase of Iran War Over as Ship Hit in Strait

[Axios] March hiring surge indicates a job market firming up

[Reuters] US gasoline prices top $4.50 a gallon as summer driving season nears

[AP] Gasoline costs 50% more in the US than it did before the Iran war

[Bloomberg] Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting

[FT] JPMorgan and BlackRock bosses play down talk of AI bubble

Tuesday Afternoon Links

[AP] US stocks climb toward records as oil prices fall and earnings beat forecasts

[AP] Live updates: Hegseth says ceasefire is not over despite Iranian strikes on UAE and commercial vessels

[AP] U.S. job openings were unchanged at 6.9 million in March but hiring improved

[Yahoo/Reuters] US SEC proposes allowing public companies to opt out of quarterly earnings reports

[Bloomberg] Hormuz Remains Largely Deserted as US and Iran Vie for Control

[Bloomberg] US New-Home Sales Increased in March to Fastest Pace of Year

[Bloomberg] Muni Bond Funds Draw $22 Billion in Fastest Pace Since 2021

[WSJ] Trump’s New Initiative Shows the Limits of U.S. Power in Hormuz

[WSJ] U.S. Services-Sector Activity Continued to Expand in April