Friday's News Links

[CNBC] S&P 500 declines with chip stocks weak after OpenAI IPO delay report: Live updates

[Reuters] Asian shares fall as Apple's price hikes dents tech optimism

[CNBC] SoftBank sinks 12% as Asia tech rout tracks declines in the U.S.

[Reuters] Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

[Reuters] Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman

[Yahoo/Reuters] US goods trade deficit widens sharply in May on imports

[Yahoo/Reuters] US equity funds record weekly outflows as tech weakness weighs

[Axios] The AI price shock is here: Apple and Microsoft hike prices

[Yahoo/Reuters] Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

[CNBC] Rise in memory chip costs puts pressure on retailers of laptops and smartphones

[Yahoo/Bloomberg] BOE Sees Weather as New Inflation Risk While London Sizzles

[Yahoo/Bloomberg] Extreme Heat Adds Pressure to Food Supplies Already Hit by War

[Yahoo/Bloomberg] Chinese Hedge Funds Warn the AI ‘Super Bubble’ Is Ready to Burst

[Reuters] Europe on high alert as killer heat spreads

[AP] Delayed rains bring water shortages to cities and uncertainty to farms across India

[AP] Ukraine unleashes one of its heaviest drone bombardments of Russia

[Bloomberg] Bond Traders Stunned as Losses on SpaceX’s New Debt Keep Growing

[Bloomberg] Authers: Greenspan Deflated One Bubble — His Own Authority

[Bloomberg] Samsung, SK Hynix Reportedly Preparing Huge AI Spending Push

[Bloomberg] Europe’s Heat Wave Is the Worst on Record, Researchers Find

[Bloomberg] Venezuela Quake Crisis to Test Legitimacy of Rodriguez Regime

[NYT] U.S. Military’s Weapons Shortage Shows Few Signs of Easing Soon

[WSJ] Warsh Taps Two Veteran Fed Economists as Advisers

[WSJ] Washington’s Budget Spigots Are Wide Open Again, Driven in Part by Foreign Policy

[WSJ] Tech Volatility, Dollar Strength Reverberate Through Mining Stocks

[WSJ] China Sharpens Tools for Hitting Back at Foreign Sanctions

[WSJ] What to Know About How Iran Uses China’s Currency to Weaken U.S. Power

[WSJ] How Iran Devastated an American Naval Base—and Caused a U.S. Recalculation

[WSJ] Ukraine’s Growing Drone Armada Is Overwhelming Russia’s Air Defenses

[FT] Kevin Warsh eases investors’ doubts that he will be an inflation fighter

[FT] Atlanta Fed struggles to find new chief after Raphael Bostic’s departure

[FT] Brutal nights and humidity mark Europe’s record June temperatures

[FT] Moscow gets a taste of Vladimir Putin’s war

Thursday Evening Links

[CNBC] S&P 500 futures are little changed as index heads for losing week: Live updates

[Yahoo/Bloomberg] Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack

[Axios] Trump administration asks OpenAI to limit next model release

[Yahoo/Reuters] Fed's Williams: Inflation still too high, rate policy 'well positioned' to lower price pressures

[Axios] Global dealmaking reaches new record

[Reuters] Venezuela races to rescue hundreds trapped in rubble after major twin earthquakes

[NYT] Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship

[NYT] OpenAI Leans Toward Waiting Until Next Year for I.P.O.

[FT] Trump’s tests of the US justice system

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