Friday's News Links

[CNBC] Stocks fall after much stronger-than-expected jobs report: Live updates

[CNBC] 2-year yield rises to highest since January 2025 after hot jobs report

[Yahoo/Reuters] Oil rallies for the week as U.S.-Iran fighting resumes; diesel hits record high 

[AP] US job market rebounds as employers add 162,000 jobs; the unemployment rate stayed at 4.1%

[AP] US diesel prices hit a record high, pushing up transportation costs for a long list of goods

[Axios] Large employers drop health benefits as costs rise

[Axios] Behind the Curtain: AI creators race to understand their creations

[Reuters] Norway's $2 trillion sovereign fund proposes deep cuts to US Treasury holdings

[Yahoo/Bloomberg] US Grab of Venezuela Denies China Oil, Billions in Debt Payments

[Yahoo/Reuters] Japan budget requests swell to pandemic-era scale under Takaichi

[CNBC] The wealth of the world’s billionaires reached $15.1 trillion last year, per a new report

[Reuters] Two people rescued alive from Nepal hydropower tunnel

[Bloomberg] Americans Are Out of Places to Hide From Fuel Crisis

[Bloomberg] Global Food Prices Jump to Highest Since 2022 as Risks Build

[Bloomberg] BOE Governor Bailey Warns of ‘Serious Challenge’ From Populism

[Bloomberg] Carry Trade Exodus Fuels Yen Gain Ahead of BOJ Rate Decision

[Bloomberg] Yen’s $103 Billion Short Risks Unwind Below 155, JPMorgan Says

[Bloomberg] Japan Needs to Stand Firm Against US Pressure, Lawmaker Says

[Bloomberg] Soaring Jet Fuel Prices Cool Investor Appetite for Airline Bonds

[Bloomberg] Ukraine Braces For Brutal Winter at Mercy of Russian Air Strikes

[Bloomberg] Putin’s Shadow War Against Europe Is Getting More Intense

[Bloomberg] Nepal’s Catastrophic Flood Heralds a New Age of Disasters

[NYT] The Bond Markets Are Pushing Up Rates. Will Central Banks Follow?

[NYT] The Risk of Russian Sabotage in Europe: A Fight That Spirals Out of Control

[WSJ] Norway’s Massive Oil Fund Proposes Selling Roughly $80 Billion in U.S. Treasurys

[WSJ] Why Big Oil Is Wary of Trump’s Foray Into Venezuela’s Oil Patch

[WSJ] BOE’s Pill Fears Central Banks Being Pushed to Finance Deficits

[FT] Why the US and Iran keep escalating

[FT] China lashes back at US over G20 row ahead of Xi-Trump summit

[FT] Andrew Bailey warns of populist threat to central bank independence

[FT] Trump-linked companies race to secure deals for Venezuela’s oil

Thursday Evening Links

[CNBC] Stock futures are little changed as traders await August jobs report: Live updates

[Yahoo/Reuters] Wall Street ends sharply higher as Waller remarks ease rate hike fears

[CNBC] Vance says Fed should lower interest rates: ‘Would be nice to have some help’

[Reuters] Vance says Iran conflict is not a war, declines to offer timeline for end

[Bloomberg] Oil Heads for Biggest Weekly Gain Since July on Iran War Risks

[FT] Microsoft challenges data centre costs after pledging to protect ratepayers

[FT] US oil deal sparks ‘anger’ in Venezuela, says opposition leader

Thursday Afternoon Links

[AP] Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb

[AP] Will Federal Reserve hike rates later this month? Waller muddies the outlook

[Axios] Not so fast on rate hikes, some Fed officials say

[Yahoo/Reuters] Strong demand boosts US services sector activity in August

[Yahoo/Reuters] US labor market remains stable; services input price rises point to elevated inflation

[Yahoo/Reuters] US fixed 30-year mortgage rate rises to highest since July 2025

[AP] Proud of their oil, Venezuelans view US stake in their reserves as a surrender

[Bloomberg] US Services Pick Up, Price Gauge Jumps to Four-Year High

[Bloomberg] US Heat Drives Record Cooling Demand, September Set to Sizzle

[NYT] Bessent Blames Ukraine for High Energy Prices

[WSJ] U.S. Services-Sector Activity Expanded Again in August

[WSJ] U.S. Failed to Give Assurances on Tariff Levels, Canada’s Carney Says

[FT] Hugging Face attack is a wake-up call about the risks of AI

[FT] Blackstone stands firm with cap on private credit outflows