Wednesday's News Links

[CNBC] Dow drops 200 points as oil prices and bond yields creep higher: Live updates

[Yahoo/Bloomberg] Oil Extends Advance as US-Iran Peace Talk Progress Stalls

[Yahoo/Reuters] Analysis-AI building boom ripples through inflation-hit Treasury market

[Yahoo/Bloomberg] Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout

[Yahoo/Bloomberg] US, Iran Exchange Military Strikes to Put Fresh Strains on Ceasefire

[Reuters] Iran war live: Kuwait airport attack injures at least 63 and damages terminal building

[Axios] U.S. and Iran in fresh clashes as peace talks stall

[Yahoo/Reuters] Strain grows on shipping industry with vessels stuck inside Hormuz

[Yahoo/Bloomberg] Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers

[CNBC] Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

[CNBC] Mortgage rates are easing slightly, but homebuyers are retreating

[Axios] Bitcoin faces mounting pressure beyond Strategy sale

[Reuters] US tech stocks' market dominance reaches new heights and presents new risks

[Yahoo/Bloomberg] SpaceX Seeks $135 a Share for $75 Billion IPO, Reuters Says

[Reuters] Exclusive: Warsh pledges to follow best of Fed's traditions, while also looking for change

[Yahoo/Bloomberg] Trump Begins Rebuilding His Tariff Wall Citing Forced Labor

[Reuters] US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

[Politico] EU slams Trump’s forced labor tariff as ‘unjustified’

[Yahoo/Bloomberg] Canada Makes New US Trade Proposals, Warns of ‘Turbulence’

[Yahoo/Reuters] AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns

[Axios] Trump confirms profanity-laced Netanyahu call over Lebanon

[CNBC] GOP Sen. Tillis slams Trump intelligence pick Pulte: ‘Don’t think he has a prayer’

[Yahoo/WSJ] OECD Warns of Severe Global Slowdown If Middle East Conflict Is Prolonged

[Reuters] China services activity grows at fastest pace in three months, private PMI shows

[Reuters] Ukraine strikes St Petersburg oil terminal, naval base as Putin's 'Davos' gets under way

[Politico] El Niño to bring more heat and disasters in coming months, UN warns

[Bloomberg] Treasuries Fall Most in Two Weeks on Rate-Hike Bets

[Bloomberg] Why the Strait of Hormuz Is at the Heart of the US-Iran Stalemate

[Bloomberg] AI Funding Boom Reaches Muni Market With Google-Tied Bond Sale

[Bloomberg] Why Trump’s New Tariff Plan Focuses on Forced Labor

[Bloomberg] Dudley: The Federal Reserve Requires Better Communication, Not Less

[Bloomberg] BOJ’s Ueda Signals Good Chance of June Hike as Price Risks Rise

[NYT] Iran War Live Updates: Iran Targets Neighbors as U.S. Condemns ‘Aggressive’ Strikes

[NYT] Trump Aims New Tariffs at 59 Countries and the European Union

[NYT] War Games and Warnings on Strait of Hormuz Went Unheeded by Trump

[WSJ] U.S., Iran Trade Heavy Fire in Persian Gulf, Testing Fragile Ceasefire

[WSJ] See How the Middle East’s Ceasefires Remain Plagued by Violence

[WSJ] Why the President Tapped ‘Little Trump’ as His Intelligence Chief

[WSJ] Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff

[FT] US and Iran exchange renewed fire as tensions rise over stalled peace talks

[FT] OECD warns of ‘dark scenario’ if Gulf energy crisis drags on

[FT] Warsh set to revamp Federal Reserve’s signalling to Wall Street

[FT] Trading firms generated $114bn in revenue last year

[FT] Sorry Marc, it’s just not that big

Tuesday Evening Links

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

[Yahoo/Bloomberg] Oil Extends Advance as US-Iran Peace Talk Progress Stalls

[CNBC] Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says

[Reuters] Hostilities flare again in Iran war, talks at a stalemate

[Yahoo/Bloomberg] Trump’s Netanyahu Problem Is Latest Key Hurdle to Iran Deal

[CNBC] Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

[Bloomberg] Fed’s Warsh Taps Conservatives Winfree, Heil as Advisers

[Bloomberg] Japan Unveils $19 Billion Extra Budget to Cushion Mideast Impact

[FT] Cliffwater’s flagship private credit fund redemption requests hit 17%

[FT] Donald Trump signs watered-down AI vetting order after Maga infighting

Tuesday Afternoon Links

[CNBC] S&P 500 scales to fresh record high as Nvidia leads chips higher: Live updates

[Yahoo/Bloomberg] Oil Swings Higher as Traders Weigh Prospects of US-Iran Deal

[Yahoo/Bloomberg] Crypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens

[AP] Iran stops talking to mediators over Israel fighting Hezbollah in Lebanon, Iranian reports say

[CNBC] Rubio says U.S. is in talks with Iran over nuclear program as senators press for war endgame

[CNBC] Job openings in April surged to 7.6 million, the highest in nearly two years

[AP] Trump signs an executive order to vet top AI models for national security risks

[Yahoo/Bloomberg] US Lowers Tariffs on Farm, Industrial Equipment as Costs Soar

[Axios] Trump taps housing regulator turned MAGA enforcer as intelligence chief

[AP] Trump taps housing regulator Pulte to be acting director of national intelligence

[Bloomberg] Strait of Hormuz Traffic Remains Thin Amid Peace-Deal Uncertainty

[Bloomberg] Goldman Sees August US Diesel Crunch as Stocks Lowest Since 2003

[Bloomberg] Bitcoin’s Inflation-Hedging Promise in Tatters After 36% Plunge

[Bloomberg] Goldman’s Solomon Says There’s More Greed Than Fear in Markets

[Bloomberg] Extreme Weather to Drive $20 Trillion in Spending, BI Says

[NYT] Ship in Iraqi Port Is Struck by Projectiles as Iran Claims Responsibility

[WSJ] Hammack Says Fed May Need to Respond if Inflation Persists

[WSJ] America’s Truckers Are Driving Just a Little Slower to Save Gas

[WSJ] BOE’s Greene Says Case for Rise in Key Interest Rate is Growing

[FT] The China-US tech truce is fragile