Thursday's News Links

[CNBC] S&P 500 falls as Broadcom leads chip stocks lower: Live updates

[Yahoo/Bloomberg] Oil Falls After Israel-Lebanon Ceasefire Even as Clashes Persist

[CNBC] U.S. Treasury yields take a breather as traders await more jobs data

[Yahoo/Bloomberg] The Mortgage Hedging ‘Beast’ Is Returning to the Treasury Market

[Yahoo/Bloomberg] Iran Says No Progress in US Talks as Lebanon Sees More Clashes

[AP] Hezbollah rejects latest ceasefire agreement and demands Israel withdraw from Lebanon

[AP] With Trump in a holding pattern on Iran war, allies and critics worry he risks getting boxed in

[AP] US jobless aid filings, a proxy for layoffs, rise to 225,000 last week but remain historically low

[Yahoo/Bloomberg] TSMC CEO Warns Chip Supply Won’t Meet AI-Fueled Demand for Years

[CNBC] Sellers are pulling homes off the market at the fastest pace since 2020

[Axios] Pulte pick sparks a Senate GOP rebellion

[Politico] Trump expected to nominate Todd Blanche to be attorney general

[Axios] New World screwworm confirmed in Texas, stoking fresh cattle fears

[Politico] Greenland is part of Denmark … ‘for now,’ Rubio says

[Yahoo/Reuters] Analysis-BOJ's Ueda pivots to inflation-fighting mode, clearing path for steadier hikes

[Bloomberg] Fed Eyes Bank Loans, Nonbanks’ Private Credit Defaults

[Bloomberg] Blackstone BCRED Joins Private Credit Funds Limiting Redemptions

[Bloomberg] Higher Losses Are Coming to Credit, Pimco’s Ivascyn Warns

[Bloomberg] Buyout and Debt Funds Struggle With $632 Billion Stockpile

[Bloomberg] Companies’ AI Bills Are Bigger Than Ever — and Coming Due

[Bloomberg] Apollo’s Zelter Sees High-Grade Debt Sales Topping US Treasuries

[Bloomberg] Banks Offload $1 Trillion Loan Risk to SRT Investors, IACPM Says

[Bloomberg] Insurers Acting Like Banks Must Grasp Loan Risk, EIOPA Says

[NYT] Republicans Begin to Test the Limits of Trump’s Power by Flexing Their Own

[WSJ] Trump Tells Aides He Won’t Resume All-Out War With Iran Unless U.S. Troops Are Killed

[WSJ] The Hormuz Squeeze Is Redrawing the Oil Map for Good

[WSJ] Blackstone Caps Withdrawals as Investors Ask to Pull $4.4 Billion From Private-Credit Fund

[FT] Trump’s empire of debt

[FT] Blackstone caps withdrawals from flagship private credit fund

[FT] Donald Trump’s pledge to unleash a ‘golden age’ of US manufacturing sputters

[FT] Americans lead AI data centre backlash, global poll finds

[FT] The rise and rise of the IMF’s mysterious ‘other’ reserve currencies

Wednesday Evening Links

[CNBC] S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates

[Yahoo/Bloomberg] Oil Holds Three-Day Gain as Iran-US Clashes Lower Deal Prospects

[Yahoo/Reuters] Bitcoin falls 4% to over three-month low

[Yahoo/Bloomberg] Republican-Led House Votes to Stop Iran War, Rebuking Trump

[Axios] Israel and Lebanon agree on a full ceasefire, conditioned on steps by Hezbollah

[Yahoo/Bloomberg] Trump Downplays Threats of Hormuz Mines, Touts Alternate Route

[Yahoo Finance] Fed's Beige Book shows evidence of widening K-shaped economy as inflation rises

[Reuters] Fed policy 'a bit loose,' need it to be 'restrictive,' Logan says

[Reuters] Fed Governor Cook declared her Atlanta property as “vacation home,” documents show

[Yahoo/Reuters] Vanguard index product becomes first ETF to top $1 trillion in assets

[Bloomberg] Logan Says Fed May Need to Raise Interest Rates This Year

[Bloomberg] D.E. Shaw Extends Client Exit Time to 4 Years, Shuts Two Funds

[WSJ] What to Know About Trump’s Latest Tariffs

[FT] Hedge fund DE Shaw extends investor lock-up for up to four years

[FT] Scott Bessent says US inflation jump will be ‘short-term blip’

[FT] Donald Trump’s pick of Bill Pulte as spy chief threatens foreign surveillance bill

Wednesday Afternoon Links

[CNBC] Dow falls 400 points as oil prices and bond yields creep higher: Live updates

[Reuters] Oil gains as Middle East hostilities flare

[CNBC] Leveraged ETF assets double in two months as investors press AI bet

[Yahoo/Bloomberg] US Forces Help Ships Leave Hormuz With Quiet Project Freedom

[Yahoo/Bloomberg] Rubio Says Trump Was Aware of Iran War Economic Fallout Risks

[Yahoo/Bloomberg] Pulte’s Job as Intelligence Boss Puts Spy Powers Law in Jeopardy

[Axios] Trump allies renew Greenland, Canada takeover talk

[Bloomberg] Fed’s Beige Book Shows Steady Employment, Higher Inflation

[Bloomberg] Bessent Invokes Language on Inflation That Caused Yellen Trouble

[Bloomberg] DoubleLine’s Cohen Says AI Bubble Is Coming to Credit Markets

[WSJ] U.S.-Iran Skirmish Spurs Deadly Drone Attack on Kuwait Airport

[WSJ] America’s Data-Center Build-Out Is Falling Way Behind Schedule

[WSJ] Trump Administration Turns to a New Rationale to Justify Old Tariffs

[FT] Donald Trump’s Iran war drains US oil stocks to lowest level since 2004

[FT] Warsh needs to separate his roles at the Fed