Friday's News Links

[CNBC] Stocks gain on solid jobs report, hope for China trade talks: Live updates

[Yahoo/Bloomberg] Oil Set for Weekly Loss Amid Trade War, Iran Risks, OPEC+ Moves

[CNBC] U.S. payroll growth totals 177,000 in April, topping expectations

[Yahoo/Bloomberg] No Fed Cuts Until September Despite Rising Risks, Economists Say

[AP] White House will unveil Trump’s 2026 budget, his first since returning to power

[Axios] Mortgage rates get more treacherous

[AP] Home ownership further out of reach a rising prices, high mortgage rates widen affordability gap

[Yahoo/Bloomberg] China Hints at Possible Thaw With US in Evaluating Trade Talks

[AP] China says it’s evaluating US overtures for trade talks, but tariffs remain an obstacle

[Yahoo/Bloomberg] Trump Moves to Cut Iran’s Oil Sales as Nuclear Talks Stall

[Reuters] S.Korea factory activity suffers worst slump in 2-1/2 yrs on US tariffs, PMI shows

[Reuters] Iran must 'walk away' from all uranium enrichment, Rubio says

[Reuters] Trump's Iran nuclear diplomacy needs major concessions to go beyond previous pact

[Yahoo/Bloomberg] US Urges India, Pakistan to De-Escalate Tensions

[Bloomberg] Trump Budget Seeks 23% Domestic Spending Cut, 13% Defense Hike

[AP] Trump signs executive order directing federal funding cuts to PBS and NPR

[Bloomberg] Head of the Port of LA Sees a Brewing Trade Storm

[Bloomberg] Student Loan Borrowers Face Wage Garnishment as Defaults Surge

[WSJ] What’s Driving Trump’s Trade Agenda

[WSJ] Trump to Propose Slashing $163 Billion in Government Programs in Budget Blueprint

[WSJ] Harvard’s Tax-Exempt Status to Be Revoked, Trump Says

[FT] How China is quietly diversifying from US Treasuries

[FT] Japan says US Treasury holdings could be ‘card’ in trade talks

[FT] Tett: Get ready for a corporate rush for cash

[FT] Hedge funds > private equity

[FT] Is ‘hidden leverage’ an accident waiting to happen?