Friday's News Links

[CNBC] S&P 500, Nasdaq drop as chip sell-off continues, yields jump on jobs data: Live updates

[CNBC] 10-year Treasury yield shoots higher above 4.53% after strong jobs report

[Yahoo/Bloomberg] Oil Steadies After First Drop This Week on Peace Talk Optimism

[CNBC] Bitcoin caps a dismal week as price wallows 50% below its all-time high

[Reuters] Iran declares support for Hezbollah with wider peace deal in doubt

[CNBC] U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

[Yahoo/Reuters] U.S. equity fund inflows surge as tech rally boosts sentiment

[Yahoo/Bloomberg] Chilling in Money-Market Funds is the Hot Retail Strategy Now

[Reuters] Private credit boom cools as lending, flows slow sharply

[Reuters] US oil exports surge, draining domestic crude inventories toward rock bottom

[Yahoo/Reuters] US officials eye government stakes in AI companies, NOTUS reports

[Axios] How South Korea's stock boom sparked a currency crisis

[AP] Chinese leader Xi Jinping will travel to North Korea next week in first visit since 2019

[Bloomberg] US and Iran Show Little Progress in Talks After Week of Clashes

[Bloomberg] Traders Fully Price in Fed Rate Hike This Year After Jobs Data

[Bloomberg] Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout

[Bloomberg] Japan Likely Sold Treasuries to Fund Record Yen Intervention

[Bloomberg] Fed’s Logan Finds More Inflation Drivers in West Texas

[Bloomberg] ‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens Grip

[NYT] Wall Street Is Going Gaga for SpaceX

[NYT] China Builds an Economic Fortress as Global Tensions Rise

[WSJ] The Anything-Goes Era in Private-Credit Lending Is Coming to an End

[WSJ] Morgan Stanley Sees SpaceX’s Revenue Reaching $3.4 Trillion in 2040

[WSJ] Anthropic Urges Global Pause in AI Development, Flags ‘Self-Improvement’ Risk

[WSJ] Small Stocks Are Trouncing Market Giants—and That’s Not a Good Sign

[WSJ] The Wall Street Mania Pushing Knicks Tickets to $176,000

[WSJ] Real-Time Satellite Intelligence Is Making Ukraine’s Drone Strikes Deadlier Than Ever

[FT] Elon Musk’s SpaceX lines up retail investors for record IPO allocation

[FT] Tett: Governments need to learn how to talk about debt

Thursday Evening Links

[CNBC] S&P 500 futures tick lower as Wall Street awaits May jobs report: Live updates

[Yahoo/Bloomberg] Bitcoin Has Longest Losing Streak Since August in Bruising Week

[Yahoo/Reuters] US screwworm case puts ranchers on alert, rallies cattle prices

[CNBC] The May jobs report will be released Friday. Here’s what to expect

[Yahoo/Reuters] Fed's Schmid says choice is between patience and rate hikes to tamp down inflation

[AP] Putin says Russia will bolster its air defenses in response to Ukrainian drone attacks

[Yahoo/Telegraph] Chinese crackdown on Western finance shakes the City

[Bloomberg] Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030

[Bloomberg] Jane Street Plans New Data Center as Computing Power Runs Scarce

[Bloomberg] US Small Business Hiring Plans Drop to Lowest Since May 2020

[WSJ] Anthropic Calls for Global Slowdown in AI Development

[FT] Bitcoin tumbles after Strategy sale unnerves crypto traders

Thursday Afternoon Links

[AP] The Dow jumps 900 points as oil prices ease, but slumping AI stocks keep Wall Street in check

[Yahoo/Reuters] Oil falls as traders eye Iran deal following Lebanon-Israel ceasefire

[Axios] 2 Fed officials warn of interest rate hike potential

[CNBC] Blackstone restricts flagship fund withdrawals as private asset fears reemerge

[AP] Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

[Axios] Anthropic warns AI could soon help build its own successors

[Bloomberg] Progress in US-Iran Talks Stalls After Hezbollah Rejects Truce

[WSJ] Iran Ratchets Up Pressure on Trump With Kuwait Airport Attack

[WSJ] Phoenix Is a Data-Center Mecca—and Test Case for How to Pay for AI’s Power Needs

[WSJ] The IPO Market Is So Hot a 140-Year-Old Silver Mine Just Went Public

[FT] Hizbollah rejects US-brokered ceasefire as Israel pursues offensive