Thursday Evening Links

[AP] Los Angeles wildfires live updates: Fire near West Hills neighborhood forces more evacuations

[Yahoo/Bloomberg] Asian Stocks Set for Muted Open Ahead of US Jobs: Markets Wrap

[Yahoo/Bloomberg] Bond Traders See Jobs Testing Hawkish Fed Pricing: Markets Wrap

[Yahoo/Bloomberg] Tariff Fears Spark Disconnect in Silver and Copper Markets

[Yahoo Finance] California homeowners insurance market tested as fires rage

[Yahoo/Bloomberg] US Bond Yield Surge Prompts Some Companies to Delay Debt Sales

[Yahoo Finance] Fed's Bowman said December rate cut was 'last step' in 'policy recalibration'

[Yahoo/Reuters] Fed's Schmid says central bank 'near' neutral interest rate level

[Yahoo/Bloomberg] Wall Street Bonuses to Jump by Double Digits at Big Banks

[Yahoo/Bloomberg] Bond Turmoil Raises Prospect of Slower Bank of England Rate Cuts

[Bloomberg] A Wildfire Disaster and an Insurance Crisis Collide in Los Angeles

[NYT] Los Angeles Already Had a Housing Shortage. Wildfires Will Make It Worse.

[WSJ] California’s Wildfire Insurance Catastrophe

[WSJ] Why Smoke From the Los Angeles Fires Is So Dangerous

[FT] BlackRock quits climate change group in latest green climbdown

Thursday's News Links

[Yahoo/Bloomberg] Treasuries End Four-Day Selloff; UK Assets Tumble: Markets Wrap

[Yahoo/Bloomberg] UK Market Selloff Deepens With Pound Falling to Lowest in Year

[Yahoo/Bloomberg] UK Minister Says Gilt Markets ‘Orderly’, Demand for Debt Strong

[Yahoo/Bloomberg] Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux

[Yahoo/Bloomberg] Oil Steadies as Weaker Chinese Data Counters Tighter US Stocks

[Yahoo/Bloomberg] Banks Borrow Record £51.4 Billion in Cash From BOE Repo Program

[Yahoo/Bloomberg] Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis

[Yahoo/Bloomberg] EM Assets Fall, Hit by Fed Rate Caution and New AI Chip Curbs

[AP] Firefighters battle devastating Los Angeles wildfires as winds calm somewhat

[Yahoo/Bloomberg] Fed Finds New Reason for Confidence in Obscure Inflation Gauge

[Axios] Inside Trump's closed-door meeting with Senate Republicans

[Axios] California fires stress already pressured insurance industry

[Yahoo/Bloomberg] Catastrophic Weather Drives Insured Losses to Highest Since 2017

[Yahoo Finance] Stocks are priced for 'perfection' and more vulnerable to a correction, Goldman warns

[CNBC] Asia’s central banks face a formidable challenge: An ascendant U.S. dollar

[Yahoo/Bloomberg] Vanke Bond Distress Deepens Ahead of $4.9 Billion Maturity Wall

[Yahoo/Reuters] China's consumer prices stall in 2024 on feeble demand

[Bloomberg] Brazil Retail Sales Slide With High Borrowing Costs Set to Go Up

[Bloomberg] Here Are the Tools That China Uses to Manage the Yuan

[Bloomberg] With 2024’s Record-Breaking Heat, Climate Change Is Speeding Up

[NYT] Banks Are Racking Up Wins Even Before Trump Is Back in White House

[WSJ] California Was Already in Home-Insurance Crisis Before Los Angeles Infernos

[WSJ] Wildfires Are Making Investors Nervous About Los Angeles Area Utility Again

[WSJ] ‘A Hellscape in All Directions’: The Devastating Fires That Ignited Crisis and Chaos in L.A.

[WSJ] China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan

[WSJ] China Makes More Cars Than It Needs. Now, It’s Shakeout Time.

[WSJ] BOJ Grows More Confident That Firms Will Keep Raising Wages

[FT] UK government seeks to soothe bond market nerves after borrowing costs soar

[FT] Bond market ‘police’ are back as investors patrol spending plans

[FT] Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza

[FT] Trump has limited powers to fight an economic cold war

[FT] China steps up defence of renminbi against Wall Street bets

[FT] The forces driving Turkey’s resurgence as a superpower

[FT] Catastrophes cost world $320bn in 2024, reinsurer reports