Sunday's News Links

[Yahoo/Reuters] US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil

[Reuters] Bessent says disorderly yen moves can destabilize global markets

[Axios] America's next grocery shock is brewing

[AP] Investors prosper and consumers pay as the Iran war exacts an uneven economic toll 6 months in

[AP] Iran’s leader calls for Muslim unity, NBC crew attacked in West Bank and other Mideast news

[Axios] The 5 craziest discoveries from OpenAI's HuggingFace investigation

[Politico] Russia preparing ‘massive strikes against Ukraine’s energy facilities’

[Bloomberg] World Mostly Shrugs Off Bessent’s ‘D-Day’ Iran Sanctions Threat

[NYT] Warsh, After Talking Tough on Inflation, Faces a ‘No-Win Situation’ on Rates

[NYT] ‘A New Form of U.S. Colonialism’: Venezuelans Bristle at U.S. Oil Takeover

[WSJ] Warsh Makes the Case for Higher Rates and Raises the Bar for Standing Pat

[WSJ] Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil Riches

[WSJ] Most Insurers Invest for the Long Term. Mark Walter’s Did the Opposite.

[WSJ] Russia Is Bombarding Europe With a New Wave of ‘Gray Zone’ Attacks

[WSJ] Putin Turns Again to China’s Xi as Russia’s Clout Crumbles

[FT] Rising bond yields add tens of billions to G7 countries’ debt costs

[FT] What’s the fiscal hit from higher yields?

Saturday's News Links

[CNBC] Corn and wheat prices jump to highest prices in more than three years

[AP] Wall Street week ahead: The market eyes the monthly jobs report

[AP] Warsh raises stakes for Fed’s next meeting and other takeaways from Jackson Hole conference

[Axios] Why Fed chief Kevin Warsh turned to Central Banking 101

[CNBC] Tech backlash reaches fever pitch as AI angst collides with social media fears

[Axios] The 5 craziest discoveries from OpenAI's HuggingFace investigation

[AP] Untested in court, Trump’s new tariffs on Canada raise legal questions

[AP] Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

[Guardian] ‘If it’s made in the US, I don’t buy it’: Canadians on boycotting Trump’s America

[AP] Trump’s Greenland threats cast a shadow on Iceland’s vote on whether to trigger EU membership talks

[BBC] At least 37 dead and hundreds evacuated after strike on Kyiv weapons depot

[Bloomberg] Charting the Global Economy: Price Pressures Continue to Bubble

[Bloomberg] How US-Canada Talks Turned Into a Tough-to-End Trade War

[Bloomberg] Mark Walter’s Defiant Empire Confronts Growing Unease Over Probe

[Bloomberg] Ukraine Says Russia Planning Ground Offensive on Kyiv, Chernihiv

[WSJ] Kevin Warsh: the Hawk at Jackson Hole

[WSJ] How Big Tech Blinded Itself to the Grassroots AI Revolt

[WSJ] The Strongest El Niño in a Generation Is Wreaking Havoc on Global Economy

[WSJ] Drain on U.S. Munitions From Iran War Raises Fears Over Ability to Deter China, Russia

[FT] Warsh puts Fed on collision course with Trump ahead of midterms

[FT] Risk of a new age of financial repression is rising