Wednesday's News Links

[CNBC] Dow futures slide 300 points after data shows economy contracted last quarter: Live updates

[Reuters] Oil prices down, poised for biggest monthly fall since 2021

[AP] U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

[CNBC] U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

[CNBC] Private payroll growth slowed to 62,000 in April, well below expectations

[CNBC] Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market

[AP] Trump’s tariffs loom over the economy as shipments from China fall

[Yahoo/Reuters] Tarnished Magnificent 7 stocks rebound faces test with earnings

[Axios] 100 days of Trump's impact on the U.S. dollar

[Reuters] Foreign demand for US assets will wane unless the dollar slides more: Goldman Sachs

[Axios] Trump's late push for huge new corporate tax cuts

[Yahoo/Reuters] China's factory activity slows as US tariffs hit export orders

[Reuters] Japan's factory output slides as Trump tariffs jolt manufacturers

[AP] Kremlin says a deal to end the war with Ukraine can’t be achieved quickly

[Reuters] Pakistan says intelligence suggests Indian military action likely soon

[Bloomberg] US Keeps Long-Term Debt Sales Guidance, May Enhance Its Buybacks

[Bloomberg] Old Wisdom of ‘Sell in May’ Back in Focus as Stock Market Churns

[Bloomberg] Mark Mobius Says His Funds Hold 95% in Cash on Trade War Risks

[NYT] Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain

[WSJ] Trump Touts Tariffs in Michigan Rally as Voters’ Economic Concerns Mount

[WSJ] Trade War Uncertainty Prompts New Wave of Companies to Yank Forecasts

[WSJ] China’s Export Orders Plunge, Hit by Trump’s Trade War

[WSJ] Gold Demand Shone in Early 2025 on Renewed ETF Inflows, Report Says

[FT] Tariffs hit home for small US businesses that rely on Chinese imports

[FT] Airlines warn of weakening demand for US travel among European tourists

[FT] Mark Carney prepares for talks with Donald Trump

[FT] China’s manufacturing activity shrinks as US tariffs take effect 

[FT] Chinese investors pile into gold funds at record pace

[FT] Huawei delivers advanced AI chip ‘cluster’ to Chinese clients cut off from Nvidia

[FT] In climate science, the US is now a rogue state