Wednesday's News Links

[Yahoo/Bloomberg] European Stocks Struggle to Build on US Tech Rally: Markets Wrap

[Reuters] Oil steady amid US stock build but jitters abound

[Reuters] Israel and Lebanon escalate rhetoric as US tries to prevent war

[Reuters] US Mortgage Rates Drop Below 7% for First Time Since March

[Yahoo/Bloomberg] New England Power Grid Declares Emergency as Heat Wave Hits

[Yahoo Finance] Home prices begin to come down in pandemic boomtowns like Austin, Tampa

[Yahoo/Bloomberg] France and Italy Get EU Deficit Scolding as Markets Watch

[Yahoo/Bloomberg] Bargain Hunters Are Nowhere to Be Seen in French Bond Market

[Yahoo/Bloomberg] BOJ’s Minutes Show Debate on Rate Hikes With Close Eyes on Yen

[Yahoo/Bloomberg] Japan Bank to Overhaul Investments as Wrong-Way Rate Bets Trigger Bond Losses

[Yahoo/Bloomberg] PBOC’s New Tools May Spur Big Shift in How it Manages Money

[Yahoo/Bloomberg] China Should Use Quantitative Easing If Needed: Ex-PBOC Adviser

[Yahoo/Bloomberg] BOE Rate-Cut Bets in August Fade as Services Inflation Runs High

[Reuters] Strikes loom as 200,000 German bank staff fight for hefty pay rise

[Reuters] Putin and Kim sign mutual defence pact 

[Reuters] Taiwan president says only military strength can keep the peace with China

[Bloomberg] Kim Vows to Back Putin ‘Unconditionally’ on War in Ukraine

[NYT] Israel and Hezbollah Play a Risky Tit-for-Tat, Leaving Region on Edge

[WSJ] Israel and Hezbollah Inch Toward Wider War

[WSJ] EU Recommends Disciplinary Action Against France for Excessive Deficit

[WSJ] Nvidia’s Ascent to Most Valuable Company Has Echoes of Dot-Com Boom

[FT] What would a far-right or leftwing government mean for France’s economy?

[FT] China’s central bank chief warns of weaker credit growth as property lending declines

[NYT] U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years

[FT] Why Americans are not buying more EVs

Tuesday Evening Links

[Yahoo/Bloomberg] Asia Shares to Gain After Another S&P 500 Record: Markets Wrap

[Reuters] S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales

[Reuters] AI fever drives Nvidia’s rise to world’s most valuable company 

[Reuters] Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion

[CNN] Israel warns of prospect of ‘all-out war’ after Hezbollah publishes video of military, civilian sites

[Reuters] US heat wave sets records in central, northeast states

[Reuters] Fed's Musalem signals wary approach to cutting rates in debut speech

[Yahoo/Bloomberg] The Far-Right’s Rise in Europe Could Scramble Geopolitics

[Yahoo/Bloomberg] France, Italy Among 7 EU Nations to Be Reprimanded Over Deficit

[WSJ] How Putin and Kim Stand to Gain From a Rare Visit That’s Troubling the West

[FT] Israeli military approves plan for ‘offensive’ in Lebanon

[FT] Brussels to chide France over deficit as spending clash looms

Tuesday Afternoon Links

[Reuters] Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers

[Yahoo/Bloomberg] Treasury Yields Slide as Weak Retail Sales Show Fragile Consumer

[Reuters] Oil up on Fed comments, geopolitical risk premium in Europe, Mideast

[Reuters] Fed officials steer cautiously as they await more data

[Yahoo/Bloomberg] Collins Says Fed Shouldn’t Overreact to Positive Price Data

[Reuters] US manufacturing production surges in May

[Yahoo/Bloomberg] French Central Bank Chief Urges Against Widening Budget Gaps

[Yahoo Finance] It's time to add climate costs to your household budget

[Yahoo/Bloomberg] The Era of Super-Wild Weather Is Already Here

[Reuters] India sees record peak demand for power in north as heatwave persists

[Reuters] Xi calls for all-out flood rescue effort as storms pound southern China

[Bloomberg] Bargain Hunters Are Nowhere to Be Seen in French Bond Market

[FT] Russia scours China for second-hand machine tools