Wednesday's News Links

[CNBC] Nasdaq drops to start July as investors dump chip stocks after blockbuster first half: Live updates

[Reuters] Oil falls as markets await outcome of Iran-US talks, US stocks data

[CNBC] U.S. Treasury yields edge higher as investors await Fed Chair Warsh’s comments

[Yahoo Finance] Private employers added 98,000 jobs in June, fewer than expected

[Reuters] US private payrolls gains slow in June; planned layoffs drop 53%

[Yahoo/Reuters] Warsh hits the international stage with peers sharing an inflation problem

[Yahoo/Bloomberg] Wall Street’s AI Race Is Fueling New Fears of Crowded Trading

[Reuters] In a warning sign, analysis shows publicly traded credit funds are unprofitable

[Yahoo/Bloomberg] Global M&A Tops $2.5 Trillion After First-Half Deals Surge

[Yahoo/Reuters] Global AI wave revs up Asian factories, offsetting war-induced pain

[Yahoo/Reuters] Japan business mood hits 8-year high, builds case for BOJ rate hikes

[Reuters] China resale home prices fall faster in June, shows private survey

[AP] Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis

[Bloomberg] Emerging Market Currencies Erase 2026 Gains as Dollar Advances

[Bloomberg] AI’s Trillion-Dollar Debt Binge Fuels Century-Old Private Market

[Bloomberg] Ukraine’s Missiles Now Have Almost Half of Russia in Reach

[NYT] What to Know About the State of North American Trade Talks

[NYT] Trump Pulled in at Least $2 Billion After Returning to the White House

[WSJ] Trump Briefed on All-Out War Options in Iran but Opts to Stick With Talks

[WSJ] A Dispute Over Opening Hormuz Drives a Wedge Into U.S.-Saudi Relations

[WSJ] Equity-Market Fundraising at Most Exuberant Since 2021, Mergermarket Says

[WSJ] How the Supreme Court Navigated a Momentous Term With Trump

[WSJ] South Korea’s Exports Surge by Most Since 1978 on Red-Hot Demand for Chips

[WSJ] Putin Faces a Political Crisis as Fuel Shortages Ripple Through Russia

[FT] US fossil fuel power spending to beat China for the first time in decades

[FT] Record sea temperatures in June push world into ‘uncharted’ waters

[FT] World Cup tickets and crypto sales: five things we learnt from Donald Trump’s financial disclosure

[FT] Bodies pile up at Venezuela’s morgues as state services break down

Tuesday Evening Links

[CNBC] Dow futures dip after blue-chip index posts strongest first-half performance since 2021: Live updates

[CNBC] Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter

[AP] Takeaways from Supreme Court term: Trump’s power is enhanced, but he lost some high-profile cases

[Yahoo/Bloomberg] Trump Reports at Least $1.2 Billion in 2025 Crypto Earnings

[Reuters] US expected to not extend USMCA, starting a decade-long countdown for trade pact

[Bloomberg] Emergency Ordered for Largest US Power Grid as Record Heat Nears

[Bloomberg] Venezuela Quake Death Toll Nears 2,000; Machado Stuck in Panama

[NYT] Stocks Notch Strongest Quarter Since 2020

[WSJ] The U.S. Added 1,200 New Millionaires a Day Last Year

Tuesday Afternoon Links

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

[AP] Job openings stayed at a surprisingly strong 7.6 million in May; U.S. labor market proves resilient

[AP] Consumer confidence ticks up as gas prices fall but Americans remain gloomy about the economy

[Yahoo/Reuters] Fed's Hammack tells CNBC rate hikes may be needed to quell high inflation

[Axios] The Fed's independence is still on the line

[AP] Aid workers warn of infectious diseases, overwhelmed hospitals after Venezuela quakes

[Reuters] Canada's GDP rebounds in April, posts 0.5% growth on monthly basis

[Yahoo/Telegraph] Bank of England considers AI ‘kill switch’ to stop market meltdown

[Bloomberg] Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety

[Bloomberg] Treasury Market’s June Rally Bails Out Quarter and First Half

[WSJ] Iran’s Diverging Priorities Are Jeopardizing U.S. Peace Talks

[WSJ] Grilling Burgers on the 4th? Get Ready to Pay Up

[WSJ] How an AI Bust Could Ripple Through The Global Economy

[WSJ] Saudi sovereign-wealth fund Struggles to Find Winning Investments

[FT] Put a ‘kill switch’ in AI traders to stop meltdown, says Bank of England