Sunday's News Links

[AP] Iran hits U.S. allies as Israel warns missiles headed for Jordan could land on its territory

[CNBC] U.S. says it targeted Iranian forces after attacks that killed two American service members

[Yahoo/Bloomberg] Russia Hits Kyiv With Largest Ballistic Missile Barrage

[Bloomberg] Big Tech Needs to Justify AI Spending as Investors Dump Stocks

[Bloomberg] Korea’s AI-Heavy Market Now Sets the Tone for Global Stocks

[Bloomberg] Vanishing CLO Profits Are Sparking Infighting: Credit Weekly

[NYT] Iran War Live Updates: U.S. Launches Strikes After Iranian Attack Kills 2 American Soldiers

[NYT] Jordan Is Becoming a New Focus in the U.S.-Iran War

[WSJ] U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters

[WSJ] The U.S. Saw an Investment Boom in Venezuela. Now It’s a $37 Billion Problem.

[FT] US day traders flock to ‘the most dangerous product in crypto’

[FT] Chinese leaders zero in on need for stimulus for economy

It's Time to Closely Monitor the Financial Conditions Indicators

Check out the new site - thecreditbubblebulletin.com.  The “Timely Charts” on the home page and the “Financial Conditions” section of the “Charts” page are updated daily to help monitor for key market developments. 

Saturday's News Links

[AP] The US and Iran have blown past red lines as they lurch back toward all-out war

[AP] Iran says it is suspending commitments to interim deal with US as they exchange attacks

[Reuters] Iran hits Gulf states and Jordan after seventh night of US strikes

[Axios] AI race splits in two as China wages open-weight insurgency

[Axios] Kimi K3 shocked the world. These other AI models could be next

[Reuters] US data center protests go national as backlash grows 

[WP] How data centers became a symbol of Americans’ rage

[Reuters] US regional banks brush off war jitters with lending surge, fee boost

[Politico] Trump’s threats to revoke TV licenses get serious

[Reuters] Canada prepares to evacuate Ontario community as wildfire smoke chokes US

[Bloomberg] Iran Ramps Up Retaliatory Kuwait Attack After US Escalation

[NYT] Iran War Live Updates: Fighting Intensifies With Strikes on Critical Infrastructure

[WSJ] What to Know About the Chinese AI Models Rattling U.S. Stocks

[WSJ] See How Trump’s Truth Social Posts Move Stocks

[WSJ] Conflict in the Gulf Has Become Much More Deadly for Commercial Sailors

[WSJ] Why Canada’s Wildfires Are So Hard to Put Out

[FT] Iran strikes Saudi Arabia for first time in months

[FT] Donald Trump threatens Canada with tariffs over ‘invasion’ of wildfire smoke

[FT] Big Law braces for second fight with Donald Trump over capitulation deals