Tuesday's News Links

[CNBC] Dow rises for fourth day in a row; SpaceX gains again: Live updates

[Yahoo/Reuters] Oil drops nearly 3% to 3-month low as markets weigh US-Iran peace deal

[Yahoo/Bloomberg] World’s Biggest Fortunes Soar by Record $336 Billion in One Day

[AP] Iran says the deal to end the war with the US requires Israel to withdraw from Lebanon

[AP] All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

[Yahoo/Bloomberg] Warsh Wants Less Fed Talk, Risking More Market Surprises

[Reuters] Some at Fed may pencil in a hike. Most won't. Warsh is a question mark

[Yahoo Finance] Kevin Warsh's Fed debut comes at a pivotal moment for global monetary policy

[Yahoo/Bloomberg] US, Iran Prepare for Deal Signing With Both Claiming Victory

[AP] Higher prices for gas, groceries and flights will outlast the Iran war, experts say

[Axios] The hidden risk of Trump's Anthropic crackdown

[Yahoo/Bloomberg] Trump’s Anthropic Crackdown Sets Off AI Alarms for US Allies

[CNBC] Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows

[CNBC] China economy weakens further in May as retail sales post first drop in over three years

[Yahoo/WSJ] Central Banks Are Rethinking Where They Store Their Gold

[Bloomberg] More Americans Dip Into Their 401(k) Savings for Emergency Funds

[Bloomberg] Man Group Sees ‘Bubble Risks’ as AI Bond Sales Break Records

[Bloomberg] BOJ Raises Rate to 31-Year High, Plans to Stop Paring Bond Buys

[Bloomberg] Bank of Japan Hike Shows Inflation Worries, Strategists Say

[Bloomberg] China Home Prices Fall at Faster Pace in Setback to Revival

[Bloomberg] After Iran, China Has a Powerful New Oil Price Weapon

[Bloomberg] Worst Indonesian Credit Volatility in Years Imperils Debt Boom

[Bloomberg] More Central Banks Say They’re Planning to Buy Gold This Year

[Bloomberg] Ukraine Hits Moscow Oil Refinery in Attack on Russia Capital

[NYT] Warsh Faces Tenuous Balancing Act in First Fed Meeting as Chairman

[NYT] Big Questions for Warsh as New Era for the Fed Begins

[NYT] The Iran War Permanently Altered the Global Economy

[WSJ] U.S. Housing Starts Fell Sharply in May

[WSJ] Anthropic, Trump Officials Seek Deal on Restoring Powerful Model Access

[WSJ] Inside the White House’s Newest AI Clash With Anthropic

[WSJ] China’s Consumer Spending Falls for First Time Since Covid

[FT] Economists bet on higher rates as Kevin Warsh takes reins at the Fed

[FT] Bank of Japan raises rates to 1% for first time since 1995

[FT] Strait of Hormuz flow will take ‘weeks’ to resume, largest tanker operator warns

[FT] Iran’s government thinks it has won the war

[FT] The price of risk is falling in a more dangerous world

[FT] OpenAI spending hit $34bn last year ahead of planned IPO

[FT] Central banks repatriate gold as global insecurity rises

Monday Evening Links

[CNBC] Stock futures are little changed after Dow posts new record close on potential U.S.-Iran deal: Live updates

[Axios] Scoop: CIA director doubts Iran's intentions on deal, sources say

[Yahoo/Bloomberg] Trump at G7 Hails Iran Deal as Divisions With Tehran Remain

[Yahoo/Bloomberg] Shippers and Oil Giants Seek Clarity on US-Iran Peace Deal

[Bloomberg] Cash Squeeze Set to Lift Taiwan’s Yields Further, Analysts Say

[FT] How the US-Iran deal came together

Monday Afternoon Links

[AP] Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war

[Yahoo/Reuters] Oil falls $4 to three-month low after Trump says deal signed to end Iran war 

[CNBC] SpaceX IPO raises total of $85.7 billion as underwriters exercise ‘greenshoe’ overallotment option

[Yahoo/Bloomberg] US Homebuilder Sentiment Falls, Driven by Drop in South

[Axios] All eyes on Warsh at new Fed chairman's first policy meeting

[CNBC] Trump is giving Warsh room to reshape the Fed

[Yahoo Finance] The US Strategic Petroleum Reserve is now at its lowest level since the early 1980s

[Axios] U.S.-Iran peace deal's supply chain effects may be slow-going

[Yahoo/CBS] Electricity costs expected to hit record this summer, new analysis finds

[Politico] Trump is urging tankers to sail through Hormuz. Vessels aren’t so sure yet.

[Bloomberg] Companies Rush to Borrow Cash as US-Iran Deal Spurs Bullish Mood

[Bloomberg] US at Odds With Allies Over How Easy It Is to Reopen Hormuz

[Bloomberg] Citadel Securities Warns Higher Rates to Challenge Risk Assets

[Bloomberg] Screwworm Spreads Beyond Initial Control Zone in Risk to Cattle

[Bloomberg] Hungary Starts Unwinding Orban System With Term Limit, Clawback

[WSJ] What Iran and the U.S. Are Saying About Their Deal

[FT] Chipmaker Nvidia seeks to raise over $25bn in first bond deal since 2021