Thursday's News Links

[CNBC] Stocks tumble as U.S. oil prices jump over $100 a barrel: Live updates

[CNBC] U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war

[CNBC] 10-year Treasury yield tops 4.9%, highest since 2023, as oil surge raises inflation fears

[Yahoo/Bloomberg] Trump Payout Pledge Adds to Bond Market Jitters as Auction Looms

[AP] Wholesale prices moved higher last month in latest sign of stubborn inflation

[Yahoo/Reuters] US weekly jobless claims edge down as layoffs remain low

[Reuters] Houthis seize key Yemeni Red Sea port, sources say, threatening global energy flows

[AP] Yemen risks a return to civil war as Iran-backed rebels target a crucial shipping route

[Reuters] Hormuz shipping traffic in single digits, data shows

[AP] Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins

[Yahoo/Bloomberg] Traders Brush Aside Scott Bessent’s ‘Bet Against Me’ Tough Talk

[Yahoo/Reuters] Analysis-Edgy bond investors unconsoled by Bessent's big buyback

[Axios] Bessent fails to shock and awe the bond market

[Yahoo Finance] Kevin Warsh's Fed strategy risks 'unproductive volatility' in markets: Jan Hatzius

[AP] European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

[CNBC] UBS CEO flags investor complacency as geopolitical and economic risks mount

[Axios] Behind the Curtain: The AI twilight zone

[Yahoo/Reuters] BOJ policymaker warns of price risks that may trigger rapid rate hikes

[Bloomberg] Iran, US Brace for Long War With Neither Side Ceding Ground

[Bloomberg] Surging Tanker Rates Signal a Deepening Global Energy Crisis

[Bloomberg] AI Debt Binge Is Reordering Risk Hierarchy With Emerging Bonds

[Bloomberg] DeepSeek’s New Low-Cost Model Deals a Fresh Blow to OpenAI, Z.ai

[Bloomberg] Bank of Korea Warns on Derivatives Tied to Korean Chipmakers

[Bloomberg] Powerful El Niño Nears Record Strength, US Forecasters Say

[Bloomberg] Aging US Water Systems Are No Match for Climate Change

[NYT] August Ties the Record for Earth’s Hottest Month on the Books

[NYT] Heard About the Super Godzilla Monster El Niño? Here’s How It Could Actually Affect You.

[WSJ] With Close Calls on U.S. Warships, Iran Shows New Appetite for Escalation

[WSJ] Yemen’s Iran-Backed Houthis Sweep Toward Strategic Bab al-Mandeb

[WSJ] Trump’s Top Advisers Confront Possibility That Iran War Lasts Through End of Term

[WSJ] Trump’s $5,000 ‘Dividend’ Promise Is His Biggest Election Gambit Yet

[FT] Bond sell-off reignites as oil jumps above $105

[FT] Saudi Arabia cuts oil output to lowest this year on Houthi threats

[FT] Is now really the time to worry about a new China shock?

[FT] US-China borrowing costs diverge to widest level ever

[FT] Bank of Japan must raise rates further, board member says

[FT] Climate outlook is ‘not pretty’ after oceans break heat records for 100 days

Wednesday Evening Links

[CNBC] Stock futures are little changed as traders brace for wholesale inflation report: Live updates

[Bloomberg] Oil Extends Rally as Iran Says Ready for More Intense Conflict

[Reuters] 10-year yields highest since 2023

[Yahoo/Bloomberg] Wave of AI-Driven IPOs Expected to Accompany Anthropic’s Listing

[Bloomberg] Port of LA Hits Three-Month Record as Cargo Peak Stretches On

[Bloomberg] Why Distillation Is a Growing Worry for US AI Companies

[NYT] Bond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs

[NYT] Costly Conflicts With Canada and Iran Loom Over Trump’s Midterm Pitch

[WSJ] Bessent’s Latest Buyback Move Leaves Investors Wanting More

Wednesday Afternoon Links

[Reuters] Wall St slides as oil hovers near $100 on rising Middle East tensions

[Yahoo/Reuters] Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

[NBC] Bessent’s move to tamp down rising rates backfires as bond yields jump, stocks tumble

[MarketWatch] Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up

[Reuters] US Treasury to buy up to $6 billion in Sept 10 buyback operation

[Axios] Fed's interest rate decision may come down to hair-splitting inflation data

[Reuters] US regulator says credit scoring firm FICO increasing prices for borrowers

[Bloomberg] Iran Ready for More Intense War and Won’t Relent, Official Says

[Bloomberg] Bessent Triples Debt Buyback But Market Shows Disappointment

[Bloomberg] Trump’s Latest Trade Threat Weighs on Canadian Firms With US Contracts

[Bloomberg] Bessent Yen Jawboning Risks Raising Expectations BOJ Can’t Meet

[NYT] Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields

[NYT] Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes

[WSJ] American Workers Are Staying Put

[WSJ] States That Gave Data Centers Billions in Tax Breaks Are Now Ripping Up the Deals

[FT] US Treasury yields jump as plans for $6bn buybacks disappoint investors

[FT] ‘I am the house now’: Bessent warns currency traders not to bet against yen