Thursday Afternoon Links

[Yahoo/Bloomberg] Stock Rally Stalls as Waller Remarks Boost Bonds: Markets Wrap

[Yahoo/Bloomberg] Oil Falls as Traders Speculate on Trump’s Sanctions Strategy

[Yahoo/Bloomberg] Fed’s Waller Says Fresh Rate Cuts Possible in First Half of 2025

[Yahoo/Bloomberg] Bessent Says He Would Support Sanctioning Russian Oil Majors

[Yahoo/Reuters] Trump's US Treasury pick Bessent says extending tax cuts a top priority

[Yahoo Finance] Trump Treasury pick Scott Bessent defends sweeping tariffs in contentious Senate hearing

[Reuters] How bond market vigilantes could check Trump's power

[Reuters] Biden warns that an oligarchy is forming that threatens US democracy

[Yahoo/Reuters] Moody's says LA fire may pose risk to Southern California Edison

[Yahoo/Bloomberg] Banks Hand $100 Billion to Shareholders, Most Since 2021

[Yahoo/Reuters] J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26

[Yahoo/Bloomberg] China Vanke May Be Assumed by Authorities, Observer Says

[Bloomberg] Canada’s Counter-Tariff Plan Would Target US Aluminum, Steel 

[Bloomberg] Private Equity Faces Pockets of Distress for Long-Held Assets

[Bloomberg] Damaging Megadroughts Are Spreading Around the World

[WSJ] Treasury Secretary Pick Scott Bessent Says Trump Could Bring ‘New Economic Golden Age’

[WSJ] Why a Dovish Fed Official Could Be Patient on More Cuts

[FT] Trump ‘energy tsar’ pick warns lack of power could undermine AI race with China