Thursday Afternoon Links

[CNBC] Dow rises to record, Nasdaq falls again as chipmakers struggle: Live updates

[CNBC] Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era

[AP] Heat adds to strains on areas with data centers, raising the temperature on AI debates

[AP] Finding freedom from the heat on July 4th will be a challenge in eastern US

[Reuters] Hedge funds reap June gains by piling into short bets but lose on oil, sources say

[Bloomberg] AI Debt Deluge Makes Credit Market Look Safer While Masking Risk

[Bloomberg] White House’s Hassett Criticizes Powell for Staying on at Fed

[Bloomberg] JPMorgan Says Saylor’s Strategy Adds New Risk to Bitcoin Market

[Bloomberg] Blackstone’s QTS Abandons Massive Data Center in Virginia

[Bloomberg] Trump Financial Disclosure Shows 21,000 Trades in 2025

[NYT] Energy Department Orders Data Centers to Tap Backup Power

[NYT] What Private Credit Is, and Why Investors Are So Worried About It

[NYT] Private Credit Can’t Stop the ‘Freak Out’

[WSJ] U.S. Dangles Rewards for Opening the Strait of Hormuz. Iran Isn’t Budging.

[WSJ] The ‘Five Alarm’ Risks Facing the Power Grid This Summer

[WSJ] Heat Waves Are Becoming a Chronic Drag on the Economy

[WSJ] New York City Hasn’t Built This Many Apartments Since 1965

[WSJ] Russia Pounds Ukraine’s Capital in One of War’s Largest Attacks

[FT] The chip rally is tightening tech’s grip on Wall Street