Thursday Afternoon Links

[CNBC] Stocks rebound on Thursday as yields back off recent highs: Live updates

[Yahoo/Bloomberg] Oil Extends Decline as OPEC+ Considers Another Output Surge

[Axios] Why the bond market is barfing

[CNBC] U.S. Treasury yield spike has investors rethinking the rest of the world

[AP] Here’s the late changes Republicans made to Trump’s big bill

[Yahoo/Reuters] US existing home sales unexpectedly fall in April

[Yahoo/Reuters] US business activity improves in May; inflation poised to accelerate sharply

[Yahoo/Reuters] House budget bill effectively kills US clean energy boom

[Yahoo/Reuters] G7 draft calls for tackling 'excessive imbalances' in global economy, Bloomberg reports

[Yahoo/Reuters] Fed's Waller sees path to rate cuts later this year, Fox Business reports

[AP] Japan’s rice crisis: Prices soar, supplies dwindle and a minister resigns

[WSJ] National Weather Service Struggles With Staffing Cuts as Hurricane Season Begins

[WSJ] U.S. Business Activity Growth Improves Despite Concerns on Prices

[FT] The Japanese government bond market is in trouble

[FT] Germany’s Friedrich Merz pledges to defend ‘every inch’ of Nato territory

[FT] Droughts are major threat to Eurozone economy, warns ECB