Thursday's News Links

[CNBC] S&P 500 and Nasdaq fall as semiconductors slide: Live updates

[CNBC] SK Hynix shares plunge over 11% as Asia sees tech rout, tracking U.S. chip losses

[Yahoo/Bloomberg] Middle East Bond Spreads Hit 2022 High as Ceasefire Breaks Down

[AP] US airstrikes hit northern Iran as it disables ship trying to run the blockade

[Reuters] Iran tells Houthis to close Red Sea gateway if US hits power network, sources say

[Yahoo/Bloomberg] Iran-US Skirmishes Worsen as Hormuz Shipping Traffic Dwindles

[Yahoo/Bloomberg] Iran’s Top Negotiator Defends US Peace Talks Against Hardliners

[AP] Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

[AP] US weekly unemployment claims fall to 208,000, fewest in 10 weeks

[Yahoo/Bloomberg] US Drivers Are Again Paying More Than $5 a Gallon for Diesel

[Yahoo/Bloomberg] IEA Boss Warns Global Economy in Peril If Hormuz Crisis Persists

[AP] US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

[Yahoo/Bloomberg] Retail Traders’ Rise Upends the Established Stock Market Order

[Reuters] Americans are angry about data centers. Politicians are feeling the pressure

[Yahoo/LAT] California employer health premiums will cost as much as a new car in 2027

[Yahoo/Reuters] South Korea regulator to announce new measures on single-stock leveraged ETFs

[Yahoo/Reuters] Korea Raises Rates for First Time Since 2023 on Chip-Led Boom

[Yahoo/Bloomberg] India Bars Seafarers From Strait of Hormuz Voyages After Attacks

[Yahoo/Bloomberg] Japan’s Household Inflation Expectations Hit Highest Since 2006

[Reuters] China's record consumer defaults undermine Beijing's push to boost spending

[Bloomberg] Texas Floods, Canada Smoke and Western Heat Batter US

[Bloomberg] Private Credit Attracts More Insurers Despite Market Jitters

[Bloomberg] China Seeks to Curb New Bond Sales by LGFVs With Increased Debt

[NYT] Strait of Hormuz Tanker Traffic Erodes Further as Oil Prices Rise

[WSJ] Controlling Hormuz Would Take More U.S. Troops—and Even More Risk

[WSJ] South Korea Regulator Unveils Curbs on High-Risk ETFs

[WSJ] Wall Street Traders Are Having Their Best Year Ever

[WSJ] The Mystery Money Powering Trump's Second Term

[WSJ] The AI Backlash Has Tech Executives Fearing for Their Lives

[WSJ] Canadian Wildfire Smoke Blankets U.S. Northeast and Midwest

[FT] Trump administration slaps 25% tariff on Brazil as bilateral ties deteriorate

[FT] The rating reforms needed to tackle private credit’s vulnerabilities

[FT] Takanomics vs Abenomics: the $2.3tn prizefight

Wednesday Evening Links

[CNBC] Stock futures are little changed as traders await retail sales and labor data: Live updates

[Reuters] SpaceX shares slide below IPO price for the first time as blistering rally unravels

[AP] US reimposes blockade and steps up strikes as Iran threatens to halt Mideast energy exports

[Reuters] US strikes Iran again as Tehran warns of 'existential war' with America

[Reuters] Some ships refusing US-military guided Hormuz transits after attacks, sources say

[Yahoo/Reuters] As Fed Chair Warsh sticks to policy silence, colleagues voice their views

[Reuters] Wall Street banks point to resilient US consumer as loan growth picks up

[Reuters] United warns of nearly $6 billion fuel hit as oil-price surge weighs on outlook

[Reuters] Canadian wildfire smoke chokes Toronto, threatens US cities

[NYT] Iran War Live Updates: U.S. and Iran Exchange Strikes for Fifth Straight Day

[WSJ] Trump Leans Toward Expanding U.S. Military Operations in Iran

Wednesday Afternoon Links

[CNBC] Stocks rise on Big Tech gains, encouraging inflation signs: Live updates

[Reuters] US launches fresh strikes against Iran as escalation threatens shipping

[Yahoo/Bloomberg] Iran’s Tanker Attacks Squeeze the Hormuz Oil-Shuttling Trade

[AP] Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

[Axios] Fed's Warsh on "imperfect measures" of underlying inflation

[Yahoo/Reuters] Fed's Cook says she is prepared to act soon if inflation does not begin to slow

[Yahoo/Bloomberg] AI Push to M&A-Starved Loans Gains Fuel With Supersized QTS Deal

[Bloomberg] Record IPOs Spur Best Wall Street Share Sale Revenue Since 2021

[Bloomberg] Fed’s Beige Book Shows Slight to Moderate Growth Across US

[Bloomberg] Guess Who’s Coming to Crash the Memory-Chip Party?

[Bloomberg] China Tops US in Global Favorability for First Time, Pew Finds

[NYT] War Risk for Businesses Will Mean Higher Prices No Matter What Happens

[NYT] SpaceX Falls Below I.P.O. Price of $135