Wednesday's News Links

[CNBC] S&P 500 falls as yields rise after hot inflation report: Live updates

[CNBC] 10-year Treasury yield jumps as September core inflation is hotter than expected

[Yahoo/Reuters] Oil prices surge as Iran deploys new tactics to target tankers

[CNBC] Bank of America shares drop 7% after third-quarter revenue miss and regulatory penalty

[AP] Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near

[CNBC] Even more borrowers choose riskier mortgages, as higher interest rates crush affordability

[AP] Iran says a ship sank after striking a mine in Strait of Hormuz, and other Middle East developments

[Reuters] Container ship sinks near Hormuz after being hit by projectile, sources say

[Reuters] Iran shifting tactics to step up attacks on shipping before US vote, officials say

[CNBC] Iran says it’s ‘counting the moments’ until it can attack U.S. warships; Saudi Aramco facilities attacked

[AP] Fire breaks out at a Saudi Aramco building targeted in an attack, energy ministry says

[Yahoo/WSJ] Global Diesel Squeeze to Drag Into 2027, IEA Says

[Axios] AI investment is crowding everything else out

[Yahoo/Bloomberg] Skydance Bonds Extend Losses Amid Warner Bros. Buyout Angst

[Reuters] SoftBank junk bond sale raises stakes for CEO Son's all-in AI bet

[Reuters] US retirees to receive 3.6% Social Security increase in 2027

[Yahoo/Reuters] China September new bank loans jump more than expected on stimulus, seasonal boost

[AP] China’s trade surplus hits $938 billion for Jan-Sep as pressure ramps up to rebalance trade

[CNBC] China’s producer prices rise at fastest pace since June 2022, beating expectations

[Yahoo/Reuters] China's September exports blow past forecasts, imports accelerate

[AP] Zelenskyy says Russia keeps striking Ukraine’s energy sites despite Trump ceasefire push

[Yahoo/Bloomberg] Russia Arrests Japanese Reporter for Espionage as Spat Grows

[Bloomberg] US Treasuries Slump as Hot Inflation Lifts Fed Rate-Hike Bets

[Bloomberg] BofA’s Bond Portfolio Surpasses $100 Billion in Paper Losses

[Bloomberg] Bessent’s Growth Plan Can’t Fix US Debt Problem, IMF Chief Warns

[Bloomberg] Insurance Pullback Is Coming as Climate Risk Grows, Report Shows

[NYT] Gas Costs a Third More Than a Year Ago

[NYT] Trump’s Latest Effort to Fire a Fed Official Underscores Political Motives

[NYT] Federal Judge Again Blocks Trump’s Ban on CNN, MS NOW and Politico

[WSJ] IMF Warns Governments Against Reliance on Short-Term Debt

[WSJ] The Houthis Are Building an Advanced Missile With Chinese Parts

[WSJ] Stubborn Sellers Are the Last Thing Propping Up Home Prices

[WSJ] Fed’s Bowman Says Inflation Above Goal, But No Urgency to Act

[FT] US grocery prices poised to climb as soaring fuel costs drive inflation

[FT] BlackRock pulls in $205bn to take assets to record high

[FT] CoreWeave targets ‘unlimited’ insurance money to fund AI build-out

[FT] Japanese banks and insurers return to domestic bonds as yields surge

[FT] How Ukraine’s data centre strikes threw Russia into turmoil

[FT] Ukraine blindsided by Starlink restrictions and intelligence gaps

[FT] Russia arrests Japanese journalist on espionage charges

Tuesday Evening Links

[CNBC] Stock futures are little changed as traders await consumer inflation report: Live updates

[Axios] Inside Trump, Netanyahu's dilemma: Strike Iran before elections or wait

[AP] Why Saudi Arabia has struggled to defend itself against the Houthis’ recent attacks

[Yahoo/Bloomberg] Microsoft Reports $130 Billion in Data Center Leases

[Yahoo/Reuters] Fed's Collins sees another rate hike on the table before end of 2026

[Yahoo/Reuters] Fed's Williams sees no need for rate hike in 2027, Bloomberg News reports

[Bloomberg] Fed’s Lisa Cook Puts Off White House Hearing Over Trump’s Allegations

[NYT] Lawyer for Fed Governor Cook Denounces Trump’s New Investigation

[FT] Chip stocks slide in wake of ‘casino’ comment by Broadcom boss

Tuesday Afternoon Links

[Yahoo/Reuters] Wall St edges lower as chips fall; markets assess big bank earnings

[Reuters] Brutal session for chip stocks shows AI trade is turning

[Yahoo/Reuters] US existing home sales rise in September; higher mortgage rates dim outlook

[Yahoo/Reuters] Higher Rates Turbocharge Lending Income for Biggest US Banks

[Yahoo/Reuters] Goolsbee says AI-induced inflation is 'jumping out of its lane,' Semafor reports

[Yahoo/Reuters] Fitch warns bond yield surge is worsening debt outlook for developed economies

[Yahoo/Reuters] US Treasury yield peak still ahead as Fed likely to tighten again, PIMCO's Ivascyn says

[Yahoo Finance] AI bubble worriers should put this risk on their radar

[Bloomberg] Blackstone’s AI Data Center Deals Are Looking Shaky

[Bloomberg] Ray Dalio Warns Slump in Treasuries Market Has ‘Long Way to Go’

[Bloomberg] Bank Bosses Are Too Optimistic About the AI Boom

[Bloomberg] Bassman Warns of ‘Nightmare Scenario’ Amplifying US Bond Selloff

[Bloomberg] Rosenberg Warns of Most Stretched Market in His 40-Year Career

[Bloomberg] Money Market Sage Lou Crandall to Retire After Decades-Long Career

[WSJ] Rising Interest Rates Threaten to Spoil the Party for Big Banks

[WSJ] Higher Rates Are Coming for Private Equity—and Smaller Firms Are Already Hurting

[WSJ] Municipal Bond Investors Face Elevated Risks From Rising Costs of Natural Disasters

[WSJ] Drone Attacks on Ships Sailing Near NATO Waters Present Fresh Threat for the Alliance

[FT] Wall Street plays down investor fears of faltering trading boom