Wednesday's News Links

[Yahoo/Bloomberg] Stocks Gain After US Data: Markets Wrap

[Yahoo/Bloomberg] Oil Trades in Narrow Range as IEA Trims 2024 Growth Forecast

[Reuters] Fighting intensifies between Israel and Hamas-led militants in north and south Gaza

[CNBC] Consumer prices rose 0.3% in April, less than expectations

[Yahoo Finance] Retail sales flat in April, falling short of Wall Street's expectations

[CNBC] Mortgage demand from homebuyers drops even as interest rates pull back to April lows

[Reuters] Love them or hate them, meme stocks are back

[Yahoo/Bloomberg] Gasoline Demand to Top 2019 Levels This Summer, Rystad Says

[Reuters] Insight: The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

[Yahoo/Bloomberg] China’s Top Diplomat Says US Tariffs Show Loss of ‘Sanity’

[Yahoo/Bloomberg] China Mulls Government Purchases of Unsold Homes to Ease Glut

[Reuters] China considers government purchases of unsold homes, Bloomberg News reports

[Yahoo/Bloomberg] Italy’s Deficit Seen by EU as Bleaker Than Meloni Reckons

[Yahoo/Bloomberg] Bridgewater Sees 40% of Bets Go Awry as Geopolitics Impact Markets

[Reuters] Putin’s meeting with Xi in China underscores growing alliance

[Reuters] Putin backs China's Ukraine peace plan, says Beijing understands the conflict

[Axios] First major wildfires of Canada's season hit northern U.S. air quality

[NYT] Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

[NYT] Why Is Car Insurance So Expensive?

[FT] China-Russia: an economic ‘friendship’ that could rattle the world

[FT] Vladimir Putin blasts west ahead of state visit to Beijing

Tuesday Evening Links

[Reuters] Nasdaq hits record close after Powell reassures investors, CPI in focus

[Yahoo/Bloomberg] Oil Declines as US Inflation Data Remains Stubbornly Elevated

[Reuters] GameStop shares soar again as 'Roaring Kitty' brings back meme stock mania

[Reuters] Fed's Powell: PPI 'mixed,' next move unlikely to be a rate hike

[Yahoo/Bloomberg] Alberta Wildfire Grows ‘Significantly,’ Threatening City

[Yahoo/Bloomberg] ‘Worst Fear’: Archegos Witness Recalls Moment That Doom Appeared

[Reuters] Summer 2023 was the hottest in 2,000 years, study says

[Bloomberg] Putin Visits Ally Xi as US Threatens China Sanctions Over Ties

[FT] Fed’s Jay Powell hints interest rates will stay high as US inflation lingers

Tuesday Afternoon Links

[Reuters] Wall St edges up after 'mixed' producer inflation data, all eyes on CPI 

[Yahoo/Bloomberg] GameStop, AMC Shares Soar as Traders Pile Back in to Meme Stocks

[Reuters] Israeli tanks push into Gaza's Rafah, as battles rage in the north

[Reuters] US Fed's Powell expects inflation to fall, though not as confident as before

[Yahoo Finance] Fed's Powell: 'We'll need to be patient' on rates

[Yahoo/Bloomberg] Overdue Bills Are Rising With US Debt Delinquencies, Fed Survey Shows

[Reuters] NY Fed: Amid rising debt levels, some borrowers face increased stress

[WSJ] Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates