Tuesday's News Links

[CNBC] Nasdaq falls as chip stocks struggle: Live updates

[Reuters] Stocks slip; Samsung's record profit revives jitters on AI outlook

[Reuters] Oil prices gain as focus shifts to supply recovery and demand

[Yahoo/Bloomberg] Mag 7 Loses Market Swagger as AI Trade Spreads Beyond Behemoths

[Axios] Iran resumes attacks in Strait of Hormuz, U.S. says

[AP] Tanker set ablaze after being struck by projectile in the Strait of Hormuz as Iran mourns Khamenei

[Axios] Trump's Iran grudge hangs over NATO summit

[Yahoo/Bloomberg] Amazon Seeks to Raise at Least $25 Billion From Bond Sale

[Yahoo/Bloomberg] Samsung Scores Profit Beat Due to Runaway Demand for AI Memory

[Reuters] Big Tech data centers are driving up power bills at America's Rust Belt factories

[Yahoo/Bloomberg] AI Productivity Gains Are Years Away, Deutsche Bank’s Reid Says

[Yahoo/Reuters] Exclusive-China's DeepSeek developing its own AI chip, sources say

[Reuters] Ukrainian drones hit Russia's largest refinery, in one of deepest strikes yet

[Bloomberg] Saudi-Flagged Crude Oil Tanker Sustained Damage in Hormuz Strait

[Bloomberg] Iran Missiles Reportedly Hit Ships in Hormuz, Testing US Talks

[Bloomberg] US Trade Deficit Widens to Biggest in More Than a Year

[Bloomberg] Tech Volatility Hits Highest Since Dot-Com Bust Next to S&P 500

[Bloomberg] China’s PBOC Buys Most Gold Since 2023 as Bullion Swings

[Bloomberg] Chinese Firms Leave Nvidia for Local AI Suppliers, Survey Shows

[Bloomberg] El Niño Dry Spell Hits India’s Hydropower Output Straining Grid

[NYT] Trump Promised a Foreign Investment Boom. It’s Getting Harder to Deliver.

[WSJ] BOE Sees Heightened Threat to Financial Stability as Leverage in Equity Markets Rises

[WSJ] Will Someone Finally Blink in the AI Spending War?

[WSJ] Chinese Nuclear Submarine Test-Launches Long-Range Missile

[FT] French far-right leader Le Pen cleared to run for president

Monday Evening Links

[CNBC] Stock futures are little changed after Dow tops 53,000 for first time: Live updates

[Yahoo/Bloomberg] Traders Are Most Positive on Dollar Since 2015 as Fed Hike Looms

[Yahoo/Bloomberg] Trump Bitcoin Reserve Faces Hurdles as Departments Seek Control

[Reuters] Corporate Japan's rare-earth warnings get louder as China keeps the spigot closed

[Reuters] China's booming gig economy masks job market pain, strains welfare system

[Reuters] Khamenei funeral signals Iran's defiance and new regional order

[Bloomberg] How Private Credit Is Fueling the Buy-Now-Pay-Later Boom

[Bloomberg] Hedge Funds Turn Most Negative on the Japanese Yen Since 2007

[NYT] The Chickens Were Doing Just Fine. Then the Heat Wave Killed Millions.

[WSJ] Walmart Lowers Prices on Thousands of Items, Including Beef and Coca-Cola

[WSJ] Iran Isn’t Just Eulogizing a Leader. It’s Sending a Message.

[WSJ] JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World

[WSJ] The Socialist Temptation of Sam Altman

[WSJ] Iran’s Most Favored Strait of Hormuz Nation Is China

Monday Afternoon Links

[CNBC] Nasdaq jumps to start new week led by chip stocks, Dow briefly tops 53,000 for first time: Live updates 

[Yahoo/Reuters] Oil prices little changed as Saudi cuts prices, OPEC+ boosts target

[Yahoo/Bloomberg] US Service Sector Expands at a Slower Pace, Hiring Picks Up

[Axios] U.S. services sector holds up in June

[Yahoo/Reuters] Waller says risks in US tilted towards high inflation

[Yahoo/Bloomberg] Trump Says He Expects to Host China’s Xi in US Around Sept. 24

[Bloomberg] Fed’s Waller Says ‘Forward Guidance’ Needs to Be Flexible

[Bloomberg] Heavy Rain Triggers Flood Watches in New York and Eastern US

[Bloomberg] Europe Faces Third Heat Wave as Fire and Power Risks Build

[FT] Top Fed official backs new chair’s rethink of investor communications