Thursday Afternoon Links

[Reuters] Nasdaq drops as tech megacap declines outweigh upbeat chip outlook

[Axios] Hot inflation, strong economy: the Fed's new test

[Reuters] Rubio wraps up Gulf tour as allies share concerns over Iran peace accord

[Reuters] Fed's Goolsbee: core inflation still too high, trending wrong way

[AP] Average 30-year U.S. mortgage rate rises to 6.49%, little changed from its range the past 6 weeks

[Yahoo/Bloomberg] Airfares Are Staying High Even as the Jet Fuel Crisis Fades

[Yahoo/Bloomberg] Microsoft Raises Xbox Console Prices for Third Time in 13 Months

[Reuters] Thousands feared dead in Venezuela after two major earthquakes

[Bloomberg] Ship Struck in Hormuz as Oil Supertankers Turn Back Again

[Bloomberg] Persian Gulf Crude Exports Rebound to 75% of Prewar Levels

[Bloomberg] Rubio Rejects Hormuz Tolls After Touring Wary Gulf Nations

[Bloomberg] Michael Saylor’s Misfiring Funding Model Jolts Bitcoin Traders

[Bloomberg] Data Center Surge Brings Risk for States and Munis, Moody’s Says

[NYT] Inflation Accelerated in May as Iran War Pushed Up Prices

[WSJ] Iran Attacks Cargo Ship, Testing Trump’s Deal to Reopen Strait

[WSJ] Iran Estimates $40 Billion Windfall From Reopening Hormuz With Gulf States

[FT] Iran tells ships in Strait of Hormuz to turn back

[FT] Electricity prices soar as Europe battles heatwave