Wednesday's News Links

[CNBC] S&P 500, Nasdaq rise as Micron continues epic run: Live updates

[AP] World shares are mostly higher, tracking Wall Street’s fresh records, and oil prices fall

[Yahoo/Bloomberg] Oil Slides as Iran Says Talks With US to End War Are Continuing

[Reuters] Yen hovers near intervention zone as traders weigh Middle East risks

[Yahoo/Bloomberg] Korean Stocks Surge 100% in 2026 to Surpass Dotcom Era Gains

[Reuters] SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

[AP] Trump gathers Cabinet as he looks to seal deal to end war that some backers worry will embolden Iran

[Yahoo/Bloomberg] Americans Are About to Pay Even More at the Grocery Store

[AP] Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping

[CNBC] Mortgage refinance demand drops 18% as rates hit highest level since August

[Axios] AI money is helping drive a boom in luxury homes

[CNBC] 42% of homeowners say insurance costs have gone up ‘a lot,’ survey finds. Here’s why

[Yahoo/Bloomberg] Memory Chip Giant CXMT Heads for China’s Biggest IPO Since 2022

[CNBC] China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds

[Yahoo/Bloomberg] China Targets Offshore Trusts in Tax Crackdown on Rich

[Politico] Europe’s sizzling heat is a ‘brutal reminder’ of global warming, UN climate chief says

[Reuters] Asia's early heat wave signals potential summer squeeze for coal and gas

[Bloomberg] Hormuz Flows May Return to Normal Within Month of Deal: Iran TV

[Bloomberg] ECB Says Leveraged Hedge Fund Bets Risk Bond Market Instability

[Bloomberg] Fed’s Logan Warns US Oil Production Won’t Fill Global Supply Gap

[Bloomberg] US Says $20.6 Billion of Tariff Refunds On the Way to Importers

[Bloomberg] San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities

[Bloomberg] BOJ’s Ueda Warns of Oil Shock Impact on Entire Inflation Regime

[Bloomberg] Australia’s Core Inflation Accelerates in Challenge for RBA

[Bloomberg] Brazil Inflation Breaches Top of Target Range on Food Costs

[NYT] Why Memory Chips Are Dominating the A.I. Rally

[NYT] Trump Wants to Create More Banks. Many Firms Are Heeding His Call.

[WSJ] Financial Markets Underestimate Geopolitical And Fiscal Risks, ECB Warns

[WSJ] Ford’s Stock Is Surging—and It’s Got Nothing to Do With Its Car Business

[FT] Memory chipmakers ride AI boom to join trillion-dollar club

Tuesday Evening Links

[CNBC] Stock futures are little changed after the S&P 500 closes at another record: Live updates

[AP] Iran condemns US strikes as a show of ‘bad faith’ and begins restoring internet after long shutdown

[Yahoo/Reuters] US plans tariffs on USMCA countries, has issues with Canada

[Bloomberg] Stephen Jen Sees Yen Strengthening, Putting Carry Trades at Risk

[Bloomberg] Russia Weighs Curbing Diesel, Jet Fuel Exports as Attacks Grow

[Bloomberg] Climate Change Fueling Growth of Antibiotic-Resistant Salmonella

[NYT] Iran War Updates: U.S. Saw Threats From Iran Before Renewing Strikes, Officials Said

[WSJ] The Idaho Chip Maker That Doubled to $1 Trillion in 48 Days

[WSJ] Pentagon Cuts Forces Earmarked for Europe in Event of Crisis

[FT] Iran accuses US of ‘flagrant’ ceasefire violations as back-channel talks continue

Tuesday Afternoon Links

[CNBC] S&P 500, Nasdaq catapulted to new highs by Micron and tech as traders monitor shaky Iran negotiations: Live updates

[Yahoo/Reuters] Brent crude jumps 4% as US strikes in Iran fuel Hormuz shipping fears

[CNBC] Micron hits $1 trillion market cap for the first time as stock surges 18%

[Yahoo/Bloomberg] Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria

[AP] Live updates: Iran deal progress is murky after US military says it carried out ‘self-defense’ strikes

[AP] As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows

[Reuters] Exclusive: As Fed leashes bank examiners, Wall Street pushes for more wins, sources say

[AP] Exceptionally early heat wave shatters records and brings deaths in Europe

[Bloomberg] Dudley Says Fed Credibility at Risk on Years of Missing 2% Goal

[Bloomberg] Citadel Securities Warns That Fed Risks ‘Falling Behind Curve’

[Bloomberg] US Consumer Confidence Slips Amid Widespread Price Worries

[WSJ] Iran Pursues Deal That Brings Economic Relief Without Handing Trump Victory

[WSJ] The Housing Market’s Latest Hurdles: Copper, Lumber, Diesel and Aluminum

[WSJ] U.S. Home Price Growth Slowed in March

[FT] Chipmaker ETF rides AI excitement to quickest $10bn valuation on record

Tuesday's News Links

[CNBC] Dow jumps 100 points as U.S. oil tumbles on hope Iran deal is close: Live updates

[Yahoo/Bloomberg] Oil Advances as Strikes Near Strait Cloud Outlook for Iran Deal

[CNBC] Treasury yields slide after Memorial Day break as traders weigh Iran peace prospects

[Yahoo/Bloomberg] Treasury Curve Flashes Higher-for-Longer Warning Under Warsh

[Yahoo/Bloomberg] Aluminum Hits Four-Year High on Fears of China Output Cuts

[AP] Iran condemns US strikes as a show of ‘bad faith’ and warns of consequences

[Reuters] Iran says new US strikes violated ceasefire

[Yahoo/Bloomberg] US Strikes Targets in Iran as Trump Hails Progress on Peace Deal

[CNBC] U.S. conducts ‘self-defense strikes’ in Iran as Trump tries to push for peace deal

[Yahoo/Bloomberg] US and Iran Clash Near Hormuz Even as Both Tout Talks Progress

[Yahoo/Bloomberg] Iran’s Khamenei Says No Going Back for Middle East Rocked by War

[Reuters] Governments worldwide shield households from rising energy costs

[Axios] The bond market is telling us the free lunch is over

[Yahoo/WSJ] Corporate Bonds Are a Great Deal if You Don’t Look Too Closely

[Axios] The new oil order that could emerge from an Iran deal

[Bloomberg] New Fed Chair Warsh Is Doomed to Break With His Campaign Pitch

[Bloomberg] Bessent Has Limited Options to Halt Climb in Treasury Yields

[Bloomberg] Banks Need to Prepare for a High-Speed Run

[Bloomberg] Private Credit Losses May Hit Insurers More Than Banks, ECB Says

[Bloomberg] Banks Offload Risk on $500 Billion of Corporate Loans in Europe — and Regulators Are Watching

[Bloomberg] Hedge Funds Are Losing Their Edge in a World of ETFs

[Bloomberg] Chip Bonus Boom Raises Inflation, Housing Risks for BOK, BE Says

[NYT] Iran War Live Updates: Tensions Rise as Iran Threatens to Retaliate Against U.S. Strikes

[NYT] Evolving Warfare Connects the Conflicts in Ukraine and Iran

[WSJ] Trump Thinks Bigger on Mideast as Iran Framework Brings Criticism

[WSJ] For Wall Street’s Private Investments, In-House Insurers Are the Go-To Buyer

[WSJ] How the Iran War Put Housing’s Spring Thaw Back on Ice

[FT] Top ECB policymakers lay groundwork for June rate rise

[FT] Real wages start to shrink in developed countries

[FT] Deregulation hands top US and UK banks $1.3tn opening

[FT] Hedge funds are AImaxxing

[FT] ECB says private-credit fuelled AI boom poses risk to financial system

[FT] Putin and Trump don’t have the cards