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Friday's News Links

[Reuters] Stocks dip after US-Iran peace talks delay; yen hovers near 40-year lows

[CNBC] Oil prices turn negative after U.S. official says Israel, Hezbollah agree to ceasefire

[Yahoo/Bloomberg] UK Bonds Fall as Burnham Win Leaves Markets Speculating on Risks

[CNBC] Yen slides past 161 against the dollar, nearing 40-year low and reviving intervention bets

[AP] Talks between the US and Iran are called off because of fighting in Lebanon, officials say

[Yahoo/Bloomberg] US and Iran Delay Nuclear Talks as Lebanon Clashes Worsen

[AP] Vance’s push to get Iran talks started hits an early bump as weekend negotiations are put on hold

[Yahoo/Bloomberg] Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

[Reuters] High-wire diplomacy delivered US-Iran deal but hardest stage lies ahead, sources say

[CNBC] Memory crisis hits such extremes that ‘even Apple can’t be safe’

[Axios] Why homeownership costs are so high

[Yahoo/Reuters] US equity fund inflows surge on Iran deal, tech draws record weekly investments

[Axios] Trump's all-powerful "Great Man" theory

[Yahoo/Bloomberg] Burnham Paves Way to Oust Starmer as UK PM Says He’ll Dig In

[Yahoo/Bloomberg] BOE Unveils Doomsday Scenario for Private Markets Stress Test

[Bloomberg] California and US West Threatened by Wildfires Over Coming Days

[Bloomberg] El Niño Is Turbocharging the Record Heat Wave Searing Europe

[Bloomberg] Greenwich Luxury Home Sales Head for Record on Stock Rally

[Bloomberg] S. Korean Producer Prices Rise Most Since 2022 on Energy Costs

[Bloomberg] Emerging Equities Touch Record High as Iran Deal Takes Effect

[NYT] After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously

[WSJ] Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping

[WSJ] Pentagon Tells Lawmakers It Needs $80 Billion for Iran War and Other Bills

[WSJ] Why Apple’s War Chest Can’t Win the Memory War

[WSJ] ‘I’m the President and You’re Not’: Trump Tests His Power and Frustrates the GOP

[WSJ] BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes

[FT] Iran deal brings little relief for inflation-wary central banks

[FT] Iran to seek ‘insurance fees’ for passage through Strait of Hormuz

[FT] Tett: Are insurers becoming dangerously addicted to private credit ratings?

[FT] ‘Hawkish shift’ in US rates upends global currency bets

[FT] ‘We created a monster’: companies rein in AI usage as costs strain budgets

[FT] Starmer refuses to step down to make way for Burnham

[FT] Xi Jinping wants China to boost demand. Why isn’t it working?

Thursday Evening Links

[Axios] Exclusive: Trump tells The Axios Show there are "no limits" to his power after Iran war

[CNBC] The average SpaceX buyer post-IPO is almost under water after two-day slide

[Yahoo/Bloomberg] Bitcoin Falls Back Toward $60,000 on Strategy Shares, Rate Fears

[Bloomberg] Warsh Rattles Markets With Inflation Vow They Expect Him to Keep

[Bloomberg] July Fed Rate-Hike Wagers Drive Bond Futures Volume Surge

[Bloomberg] Vance Leaves Shippers in the Dark on Potential Iran Hormuz Tolls

[Bloomberg] US Regulator Makes ‘Interventionist’ Pivot to Speed Data Centers

[Bloomberg] Schwab Warns of Margin Calls as Concerns Over Tax Bets Mount

[Bloomberg] The Mystery of China’s Oil Demand Drop Is No Mystery

[WSJ] Trump Explains Why He Cut a Deal With Iran

[FT] JD Vance lashes out at Israeli government over Iran deal criticism

[FT] US-Iran accord opens way for Hormuz charges, industry warns

Thursday Afternoon Links

[CNBC] Stocks rebound from Fed sell-off as oil prices slide, chip stocks rally: Live updates

[Yahoo/Bloomberg] Oil Falls as Iran Deal Gets Tankers Moving Through Hormuz

[Yahoo/Bloomberg] US Ends Hormuz Blockade, Downplays Tolls as Negotiations Restart

[Reuters] Oil flowing through the strait, says Vance, but Israeli strikes in Lebanon raise doubts over peace

[Axios] The Warsh Fed's new approach

[Axios] Energy regulators push for faster AI data center grid connections

[Yahoo/Bloomberg] SpaceX Bankers Prepare for Bond Sale of at Least $20 Billion

[Yahoo/Bloomberg] US Student Loan Defaults Rise to 9.2 Million Amid Crackdown

[CNBC] Trump bid to fire Fed’s Lisa Cook cost her more than $1M in legal, security costs: Filing

[Yahoo/Reuters] EU leaders weigh tougher measures to combat China trade imbalance

[BBC] Moscow residents complain of black rain after largest Ukrainian attack hits oil refinery

[NYT] Israel, Stunned by Trump’s Iran Deal, Sees It as a ‘Catastrophic Capitulation’

[NYT] Ukraine Bombards Moscow With One of the Biggest Drone Attacks of the War

[WSJ] Hegseth Announces Review of U.S. Forces in Europe, Threatens NATO Cuts

[FT] The war is over; why aren’t bond yields lower?

[FT] Jet fuel prices tumble on prospect of renewed Gulf exports