Wednesday's News Links

[CNBC] Stocks rise on chipmakers bounce, encouraging inflation signs: Live updates

[CNBC] Oil rises as U.S. continues to strike Tehran, reinstates blockade of Iranian ports

[AP] US reimposes its blockade on Iran after Tehran’s attacks on ships in the Strait of Hormuz

[AP] Iran threatens to halt Mideast energy exports after US reimposes a blockade and intensifies strikes

[Yahoo/Bloomberg] Trump Pledges to Escalate Attacks Until Iran Relents on Hormuz

[Axios] Trump held Situation Room meeting on massive new Iran strikes

[Yahoo/Bloomberg] UN Maritime Chief Warns Strait of Hormuz Too Dangerous for Ships

[AP] US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

[CNBC] Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause

[CNBC] New York Fed President Williams says inflation has peaked, rates ‘well positioned’

[CNBC] Hassett sees no ‘excuse’ to raise rates, says Warsh will push Fed to ‘right answer’

[Axios] Wall Street banks reap windfall from stock and debt sales

[Yahoo/WSJ] Banks Are on a Goldilocks Run. Don’t Assume It Will Last.

[Yahoo/Bloomberg] BlackRock Assets Cross $15 Trillion, Adding $192 Billion of Cash

[Reuters] In US West, drought pits farms against towns, industry in scramble for water

[AP] China’s economy slows 4.3% annual growth, weakest since late 2022

[Yahoo/Reuters] Kuroda's negative rate surprise shocked his own BOJ board, minutes show

[Bloomberg] Oil Supertankers Increasingly Bear Brunt in Hormuz Ship Attacks

[Bloomberg] Inflation Drives Americans to Cash In Credit-Card Rewards for Essentials

[Bloomberg] Morgan Stanley Joins Wall Street Rivals’ Stock-Trading Boon

[Bloomberg] AI Has Supercharged the Wealth Effect, Just Ask the Micron Millionaires

[Bloomberg] Over 400 CLOs Are Set for Ratings Upgrades, Fanning ‘08 Concerns

[Bloomberg] What Is the Carry Trade That’s Weakening the Yen?

[Bloomberg] China’s Credit Expansion Disappoints as New Loans Miss Forecasts

[Bloomberg] Korean President Calls Stock Market ‘Unstable’ After Wild Swings

[Bloomberg] China Is Set for Record Bond Issuance This Quarter, Analysts Say

[NYT] In Iran, Trump Has Found an Opponent He Cannot Easily Dominate

[NYT] Data Centers to Add Billions in Power Costs in 13 States

[WSJ] The U.S. and Iran Reckon With Shrinking Options to End the War

[WSJ] The Meaning of the Warsh Task Forces

[WSJ] Europe’s Scramble for Gas Ahead of Winter Gets Harder

[FT] Oil traders warn market is close to running on empty as Hormuz shuts again

[FT] Donald Trump’s return to war with Iran offers no clear path to victory

[FT] China and the new era of critical minerals diplomacy

[FT] What could go wrong

[FT] BlackRock assets rise to record $15.3tn

Tuesday Evening Links

[CNBC] Stock futures are flat after soft inflation reading lifts market: Live updates

[AP] Live updates: US reimposes blockade on Iran’s ports after Iranian attacks in the Strait of Hormuz

[CNBC] Here’s the inflation breakdown for June 2026 — in one chart

[CNBC] The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase

[Reuters] Bank of England's Bailey pushes back against deregulation

[Bloomberg] Iran Strikes on Kuwait Are the Worst Since June Airport Attack

[Bloomberg] Bond Traders’ Big Short Bet in Fed Funds Slammed by CPI Decline

[Bloomberg] Big US Banks Set Aside Less Money for Loan Losses in Quarter

[Bloomberg] Apollo Muscles In on Wall Street’s Turf With $300 Billion of Loans

[NYT] Trump’s Flip-Flop on Strait of Hormuz Fees Raises New Risks

[WSJ] Why High Credit Card Delinquencies Aren’t Showing Up at the Big Banks

Tuesday Afternoon Links

[CNBC] S&P 500 gains after light inflation data, bounce in chip stocks: Live updates

[Yahoo/Reuters] Oil prices rise 2% as US blockade on Iran stokes supply fears

[AP] Live updates: Trump drops plan to charge ships in Strait of Hormuz ahead of deadline for US blockade

[Reuters] After Hormuz, Iran turns to Red Sea gateway as new pressure point

[Axios] Scoop: Trump tells Netanyahu to move forces out of Syria and Lebanon

[Axios] Fed's Warsh stays mum on rate plans, pledges price stability

[AP] Warsh says Fed has ‘no tolerance’ for high inflation but provides no hints on next move

[CNBC] Warsh pledges Fed policy ‘regime change’ to rid inflation ‘tax’ on American people

[Yahoo/Reuters] Warsh says markets to get ample notice to any Fed balance sheet changes

[Yahoo/Bloomberg] Wall Street Traders Seize on Fervor and Fear to Shatter Records

[Yahoo/Reuters] Wall Street banks see AI 'super cycle' set to boost deals, financing

[Bloomberg] Wall Street Titans Posted Huge Trading Numbers. Be Worried

[Bloomberg] South Korea’s Leveraged ETFs Have the Worst Timing

[Bloomberg] Major US Power Sale to Show Depth of Grid’s AI Struggle

[NYT] Warsh Reiterates Fed’s Pledge to Get Inflation Down but Doesn’t Specify How

[WSJ] Big Banks’ Profits Surge After a Red-Hot Quarter on Wall Street

[FT] Wall Street banks smash records on stock trading boom

[FT] Brinkmanship in the Strait of Hormuz

[FT] New York becomes first US state to suspend data centre development