Thursday's News Links

[CNBC] Stocks rebound as chip stocks bounce, but gain limited as oil rises on Trump comments: Live updates

[Yahoo/Bloomberg] Oil Turns Higher as US Threatens to Take Key Iranian Export Hub

[CNBC] Wholesale prices rose 1.1% in May, more than expected, on surge in energy

[AP] US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022

[AP] US jobless aid filings rise to 229,000 last week, remain historically low despite headwinds triggered by the Iran war

[AP] Live updates: Trump says US will hit Iran ‘very hard tonight,’ threatens to take control of its oil industry

[Axios] Trump threatens to seize Kharg island as U.S. strikes continue

[Yahoo/Bloomberg] Trump Vows to Strike Iran Thursday If It Holds Out on Deal

[AP] US launches new strikes on Iran, which fires back at Gulf states and Jordan

[CNBC] Iran threatens Elon Musk’s companies in Middle East: Iranian state media

[Reuters] India demands end to US attacks on ships after three sailors killed

[Reuters] Oracle's AI spending blows past estimates, raising worries over growing debt

[Axios] What the rise in flash drives tells us about inflation (and AI)

[AP] Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

[Bloomberg] Indonesia Bond Selloff Resumes as Rate Hike Fails to Stem Rout

[Bloomberg] Global Junk Debt Flashes Warning on Growing Risk of Stagflation

[Bloomberg] BOJ Ueda’s Absence Fuels Market Nerves Over Press Conference

[Bloomberg] AI Boom Stokes Inflation With Memory Chips at ‘Insane’ Prices

[Bloomberg] Goldman’s Hammond Says Analysts Underestimate AI Spending Boom

[Bloomberg] How Houthis’ Red Sea Shipping Threat Risks Bigger Oil Shock

[Bloomberg] US Sees Newly Formed El Niño as One of the World’s Strongest Yet

[Bloomberg] Amazon Says Its Data Centers Use 2.5 Billion Gallons of Water

[NYT] Why It’s Nearly Impossible to Build a Robot Without China

[WSJ] Trump Says U.S. Will Hit Iran Tonight, Plans to Take Key Oil Hub Kharg Island

[WSJ] U.S. Launches Fresh Wave of Strikes Against Iran

[WSJ] ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence

[WSJ] China Is Propping Up the World Economy by Importing a Lot Less Oil

[WSJ] OpenAI Considers Drastic Price Cuts, Anticipating War for Users With Anthropic

[FT] Trump vows to take ‘total control’ of Iran’s oil and gas markets

[FT] Iran war tightens ‘super-squeeze’ in metals markets

Wednesday Evening Links

[CNBC] Stock futures slip after U.S. launches additional strikes against Iran, oil rises: Live updates

[Yahoo/Bloomberg] Oil Jumps as Trump Threatens to ‘Hit Iran Hard’ Imminently

[Axios] U.S. bombing Iran for second straight night

[AP] Live updates: Live updates: US says it’s striking targets in Iran again as tensions escalate

[Axios] Anthropic CEO says government should block dangerous AI

[Reuters] AI boom sparks rally, frenzy, and fear

[Yahoo/Reuters] US Justice Department subpoenas major banks over alleged 'debanking', WSJ reports

[Bloomberg] Citi Says Investors Growing More Selective on Data Center Bonds

[Bloomberg] Oracle’s Rising Data Center Costs Overshadow AI Growth

[WSJ] Trump Needs a New Iran Strategy

[FT] US tech stocks sink as volatility flares up on Wall Street

[FT] Oracle plans to raise $40bn for data centre build-out

[FT] Donald Trump suggests he may not renew trade deal with Mexico and Canada

Wednesday Afternoon Links

[CNBC] Dow drops 700 points to session lows as Trump doubles down on Iran threat: Live updates 

[Yahoo/Bloomberg] Oil Jumps as Trump Threatens to ‘Hit Iran Hard’ Imminently

[Yahoo/Bloomberg] Gold Extends Pullback as Trump Threatens More Strikes on Iran

[AP] Live updates: US military says it fired on a tanker trying to transport oil from Iran

[Axios] Trump says U.S. will bomb Iran today: "They keep playing us for suckers"

[Axios] Trump boils over after Tehran kept him waiting

[Yahoo/Bloomberg] Trump Vows Immediate Attacks on Iran, Straining Ceasefire

[CNBC] Trump pledges more Iran strikes, saying U.S. will be ‘attacking them very hard’

[CNBC] Trump doubles down on Pulte for intelligence post, calls for short-term extension of foreign surveillance law

[AP] US households, businesses stung by higher energy prices that have pushed inflation above 4%

[Bloomberg] Ship Traffic Thins in Gulf as US-Iran Tensions Intensify

[Bloomberg] Pimco Warns a Wave of Defaults Is Coming for Low-Quality Borrowers

[Bloomberg] Trump Says US Won’t Renew USMCA, Signaling Yearly Reviews

[Bloomberg] Amazon’s Record Bond Deal Shakes Up Canada’s Credit Market

[Bloomberg] Private Credit Is Still a Hot Asset for Bond Investors Buying Debt

[Bloomberg] Subprime Auto Dealer America’s Car-Mart Seeks Rescue Funds

[Bloomberg] Beef Prices Hit Record in May as Screwworm Impact Looms

[NYT] Inflation Keeps Prospects of a Fed Rate Cut Low

[NYT] White House Again Shrugs Off High Prices Amid War With Iran

[NYT] Investors Feed A.I. Firms’ Voracious Appetite for New Money

[WSJ] Trump Says U.S. Will Launch New Attacks on Iran Later Today

[WSJ] Jeanine Pirro’s Prosecutors Probe Big Banks for Alleged ‘Debanking’

[WSJ] The AI Office Boom Feels Like 2000 All Over Again

[FT] Oil tankers increase ‘dark’ transits through Strait of Hormuz