Tuesday's News Links

[CNBC] Dow flat as it heads for best first half in 5 years, Nasdaq set for best quarter since 2020: Live updates

[CNBC] Japanese yen sinks to 40-year low, keeping intervention risks in focus

[Reuters] Stocks surge in stellar quarter; dollar hits gold and yen

[Reuters] Oil set for steepest quarterly loss since 2020 as traders focus on US-Iran talks

[Yahoo/Bloomberg] Chip Stocks’ Best Quarter Ever Is Ending With Some Wild Swings

[Yahoo/Bloomberg] HSBC Says ‘Explosive’ Dollar Rally Is Among Biggest Pain Trades

[AP] U.S. envoys arrive in Qatar for meetings on Iran amid tensions following weekend attacks

[Reuters] Uncertainty over Qatar diplomacy clouds prospects for US-Iran deal

[Axios] The AI boom's historical warning

[Reuters] With independent agencies imperiled, Fed may face further pressure despite Cook win

[Politico] Trump now 'hates' his own trade deal. But he'll have a hard time killing it.

[CNBC] China factory activity grows faster than expected in June on tech export demand

[Bloomberg] Emerging Market Bond Sales Hit $450 Billion as Spreads Narrow

[Bloomberg] Japan’s Super-Long Bond Yields Climb as Fiscal Concerns Grow

[Bloomberg] BOE’s Breeden Warns AI Agents Risk Causing Market Meltdowns

[Bloomberg] AI Leverage Is More Worrying Than Valuations, IMF’s Adrian Says

[Bloomberg] Bessent Says Only China Buying Iranian Oil, Others Are Wary

[Bloomberg] South Korea Tightens Property Curbs as Chip Boom Spurs Home Prices

[Bloomberg] Morgan Stanley Warns of Oil Glut and Cuts Forecasts on Hormuz

[Bloomberg] The World Now Has 3,302 Billionaires and They’re Getting Richer

[WSJ] U.S. Home Price Growth Edged Up in April

[WSJ] U.S. Quake-Relief Efforts Collide With Anger at Venezuela’s Government

[FT] Magnificent Seven stocks shed $2.3tn in Wall Street tech rotation

[FT] How the great wealth transfer is rattling Wall Street

[FT] Businesses face up to budget-busting AI bills

[FT] World Bank drops climate finance target under US pressure

Monday Evening Links

[CNBC] Dow futures are little changed after blue-chip index posts new record close: Live updates

[Reuters] US and Iran negotiators head to Doha, but meeting uncertain

[Reuters] Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983

[Bloomberg] Iran Ratchets Up Talk of Controlling Hormuz Ahead of New Talks

[Bloomberg] Takaichi Aims to Shape Legacy With Unprecedented Economic Plan

[WSJ] Strategy Abandons ‘Never Sell Bitcoin’ Mantra in Bid to Outlast Crypto Winter

[WSJ] U.S.-Backed Venezuelan Government Blocks Opposition Leader’s Flight Home

Monday Afternoon Links

[CNBC] Dow jumps 300 points for first close above 52,000, powered by new member Alphabet: Live updates

[Yahoo/Reuters] Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains

[AP] US and Iran pause strikes but disagree over next steps on talks

[AP] Iran says this. The U.S. says that. A look at the trickiest issues in the unresolved conflict

[AP] Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

[AP] What the Supreme Court’s ruling in the Cook case means for Federal Reserve independence

[Yahoo/Bloomberg] Cook Ruling Marks the Latest Setback for Pulte’s Fraud Campaign

[Bloomberg] Soaring US Equity Funding Costs Risk Spilling Over to Repo Rates

[Bloomberg] Citadel Securities Warns of ‘Shifting Landscape’ Under Warsh Fed

[Bloomberg] JPMorgan Says Private Muni-Bond Accounts Swell to $1.6 Trillion

[NYT] Trump Renews Threat to Fire Fed Governor in Wake of Court Loss

[NYT] In San Francisco, Even $180,000 Tech Salaries Are No Longer Enough

[WSJ] The Biggest Winner in Lisa Cook Case? Fed Chairman Kevin Warsh

[WSJ] AI Data Centers Have Been Great for the Steel Industry. Now, a Power Crisis Looms.

[WSJ] Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves