Monday's News Links

[CNBC] S&P 500 flat as traders weigh AI optimism vs. Iran tensions: Live updates

[Reuters] Oil rises as US-Iran peace talks stall, Hormuz shipping slows

[Yahoo/Bloomberg] Dollar Extends Slide as Traders Scale Back Fed Tightening Bets

[Reuters] From kangaroos to dim sum, foreign borrowers rush into Asia-Pacific bond markets

[Yahoo/Bloomberg] AI Is Driving Up Treasury Yields: ‘It Just Touches Everything’

[Axios] What rising Treasury yields are telling us

[CNBC] Trump threatens to ‘bomb’ Oman if it ‘gets in the way’ as U.S.-Iran ceasefire expires

[AP] Iran works to finalize Strait of Hormuz agreement with Oman, and other Middle East news

[Yahoo/Reuters] Japan Q2 growth misses forecasts on weaker spending, investment

[Yahoo/Reuters] Canada's July annual inflation accelerates to 3% as gasoline rebounds

[Yahoo/Bloomberg] China’s Economic Woes Mount With Disappointing Start to Half

[Yahoo/Reuters] China new home prices stagnant in July as demand stays weak

[AP] Ukraine takes aim at Russia’s economy and morale by attacking online retailer

[Bloomberg] New York Factory Activity Expands by Most Since End of 2021

[Bloomberg] Japan’s Bond Yields Climb on BOJ Hike Bets, Fiscal Concerns

[Bloomberg] BOJ Should Raise Rates at Every Meeting, Ex-Currency Chief Says

[Bloomberg] Banks Cheer as Trump’s Regulatory Rollback Spreads to Europe

[Bloomberg] Brazil Economic Activity Suffers Biggest Drop in Over a Year

[Bloomberg] China’s Chip Industry Is Having a Breakout Moment

[NYT] Iran Is Bracing for Conflict Abroad and at Home

[WSJ] Why Big Tech’s AI Spending Is $3 Trillion Higher Than It Seems

[WSJ] Trump Threatens to Bomb Oman if It ‘Gets in the Way’ of Iran Conflict

[WSJ] Iran’s Secret Plan to Escalate the War

[WSJ] Growing Rate-Hike Bets Push 10-Year JGB Yield to Three-Decade High

[FT] People are worried about America’s solvency

[FT] Private credit under strain as troubled loans swell

[FT] A leaderboard of the biggest trading losses of all time

[FT] The cost of drought

[FT] War and climate change drive surge in cost of shipping through global chokepoints

[FT] The new AI super-rich are reshaping the market for jets, yachts and cars

[FT] Ferrari’s first EV auctioned off at record $40mn

Sunday Evening Links

[CNBC] Stock futures are little changed after S&P 500 posts three-week win streak: Live updates

[Yahoo/Bloomberg] US 20-Year Bond Sale to Test Demand as Yield Curve Steepens

[Reuters] Shipping slows through Strait of Hormuz after tanker attacks, data shows

[Axios] Trump tells Hegseth to cut back U.S.-South Korea drills

[AP] Trump orders Pentagon to scale back joint exercises with South Korea

[Yahoo/Bloomberg] Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit

[WSJ] How AI Models From OpenAI and Anthropic Went Rogue