Friday's News Links

[CNBC] Dow rebounds as oil surge eases, Intel gains after earnings: Live updates

[Reuters] Japan's Nikkei falls more than 2% on AI spending worries

[Yahoo/Bloomberg] Japan’s 40-Year Yield Rises 10 Basis Points on Inflation Fears

[Yahoo/Reuters] Oil retreats from above $100, still set for weekly rise on Middle East escalation

[Reuters] Oil batters bonds as AI burns cash

[AP] Drones target northern Iraqi city where US forces are based as US-Iran fighting escalates

[Reuters] US strikes Iran from south to north after Trump threats over Red Sea shipping

[Axios] Drones have created a new energy security landscape

[Axios] It's one choke point after another in the global economy

[Reuters] Trump imposes new global tariffs, drawing protests from trading partners

[AP] Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

[Yahoo/Reuters] Fed Chairman Warsh faces cruel summer as bond yields spike

[Yahoo/Bloomberg] Economists Stick to Fed Rate Cut Call as Markets Price In Hikes

[Axios] Behind the Curtain: AI titans' biggest private fear

[Yahoo/Bloomberg] Gulf States Set for Debt Binge to Build Routes Avoiding Hormuz

[CNBC] China’s largest memory chipmaker sparks fears of a cash drain as it readies for public debut

[Yahoo/Reuters] Japan government highlights mounting inflationary pressure

[Reuters] Wildberries, 'Russia's Amazon,' says Ukrainian drones struck three more of its warehouses

[Bloomberg] BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center

[Bloomberg] Momentum Crash Hits YOLO Traders’ Returns by Most in Four Years

[Bloomberg] Authers: Game Theory, the Odyssey, and Bab el-Mandeb

[Bloomberg] Gilts Caught Between Twin Risks From Burnham Debut and Oil Shock

[Bloomberg] Yen’s Worst Week Since May Brings It Close to 165 Versus Dollar

[Bloomberg] Japan’s Inflation Picks Up, Keeping BOJ on Path for Rate Hikes

[Bloomberg] Japan’s Katayama Says to Take Bold FX Steps Decisively as Needed

[Bloomberg] PBOC Adds Most Liquidity to Economy in Five Months to Aid Growth

[Bloomberg] Extreme Heat Pushes Rhine River to Critically Low Levels

[WSJ] Trump Is Losing Patience Over an Iran War With No Clear End in Sight

[WSJ] The Houthis Have Opened a New Front in the U.S.-Iran War

[WSJ] Trump’s Trade Wars Are Back—Despite the Supreme Court

[WSJ] How the Futuristic Hack by Rogue OpenAI Models Unfolded

[WSJ] Investors Zero In on Runaway Tech Spending, Putting Dent in AI Trade

[WSJ] Big Banks Are Wading Back Into Commercial Real-Estate Lending

[WSJ] Inside China’s All-Out Push to Catch Up With American AI Chips

[FT] Tett: Welcome to the era of financial candyfloss

[FT] Meta faces higher borrowing costs in latest $12bn data centre financing

[FT] South Korea’s cash-rich winners of AI boom go on US buying spree

Thursday Evening Links

[CNBC] Stock futures are little changed as traders look to recover from oil-driven sell-off: Live updates

[Reuters] Wall St falls as tech earnings spark AI spending worries and oil hits $100

[Reuters] Oil settles over $100 as Houthi attacks intensify Middle East supply risks

[Yahoo Finance] 'Magnificent 7' stocks erase $797 billion in market value in worst day since April 2025

[CNBC] 10-year Treasury yield rises to highest since January 2025 as surging oil rekindles inflation fear

[AP] Live updates: Trump issues new double-digit tariffs on 60 countries

[Reuters] Trump administration to impose new global tariffs

[AP] Prime Minister Carney says Canada is ready to respond if Trump’s new tariffs go into affect

[CNBC] Odds of Federal Reserve rate hike surge as oil prices rip higher

[AP] Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface

[Reuters] ECB considering several options to mitigate losses, sources say

[Reuters] US prosecutors drop New York Times subpoenas in Trump plane leak probe

[Bloomberg] Tech Bonds Hit by Selloff as AI Debt Fears Race Through Markets

[NYT] Iran War Live Updates: Iran Rejected a U.S. Cease-Fire Offer Delivered by Iraq, Officials Say

[NYT] U.S. to Impose Tariffs on Over 80 Nations, Setting New Grounds for Trade Policy

[WSJ] Satellite Images Show Iran Is Rebuilding. Fast.

[WSJ] Trump’s New Tariffs Are Structured to Withstand Legal Challenges

[WSJ] Reality Bites Elon Musk and His Tesla, SpaceX Believers

[FT] Trump’s dubious nuclear deal with Saudi Arabia

[FT] China’s Xi pursues AI diplomacy to woo global south

Thursday Afternoon Links

[Reuters] Wall St falls as tech earnings spark AI spending worries; oil hits $100

[CNBC] Brent crude crosses $100 after tankers reportedly struck off Saudi Arabia

[Axios] Exclusive: Trump "close" to decision on "massive attack" on Iran

[Reuters] Iran flew IRGC commanders, missile gear to Yemen's Houthis, sources say

[Reuters] US House passes $1 trillion defense bill despite Iran, Israel concerns

[Reuters] US Treasury bill issuance grows, heightens long-term risk

[AP] Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

[Yahoo/Reuters] US trade chief Greer aiming for 'interim arrangements' on USMCA by year end

[Reuters] Mexican economy falters in May as construction dips

[Bloomberg] Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

[Bloomberg] Heat Worries US Wheat Farmers Just as Crop Prices Are Surging

[NYT] Iran War Live Updates: Attacks in Red Sea Send Oil Prices Over $100 a Barrel

[NYT] Trump Prepares Yet Another Strategy to Resurrect Global Tariffs

[FT] Hedge funds grow at fastest rate in history as AI boom lifts markets