Wednesday's News Links

[CNBC] S&P 500 wavers after weak ADP jobs report raises worries about the economy: Live updates

[Yahoo/Bloomberg] Oil Steadies With Focus on Canada Wildfires, US Crude Stockpiles

[Reuters] Higher metals tariffs kick in as deadline for 'best' offers arrives

[Reuters] Global alarms rise as China's critical mineral export curbs take hold

[CNBC] Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

[CNBC] Mortgage demand drops for the third straight week, even as interest rates ease

[Yahoo/Bloomberg] Trump Says China’s Xi Is ‘Extremely Hard to Make a Deal With’

[The Hill] Why TACO trade gets under Trump’s skin

[AP] US and Europe trade negotiators discuss tariffs in Paris

[Reuters] Trump says Fed's Powell must lower interest rate

[Yahoo/Bloomberg] Rubio Eulogizes Tiananmen Protesters as Tariffs Test Ties

[Yahoo/Fortune] The U.S. minted more than 560,000 new millionaires in 2024, far outpacing other countries

[Reuters] Europe's auto parts suppliers suspend output due to China's rare earth curbs

[Yahoo/Reuters] BOJ to consider slowing pace of bond tapering next year, sources say

[Reuters] Expanding missile threats and airspace closures are straining airlines

[Bloomberg] Iran’s Khamenei Spurns ‘Arrogant’ US Nuclear-Deal Proposal

[Bloomberg] Trump and Xi Views on Rare Earths Deal Differ, Trade Expert Says

[WSJ] GOP Senators’ Demands Push Megabill Price Tag Up

[WSJ] Global Investors Have a New Reason to Pull Back From U.S. Debt

[WSJ] Iran’s Supreme Leader Rejects U.S. Nuclear Deal Offer

[WSJ] Automakers Race to Find Workaround to China’s Stranglehold on Rare-Earth Magnets

[WSJ] Elon Musk Calls Trump Megabill a ‘Disgusting Abomination’

[WSJ] Inside the Ukrainian Drone Operation That Devastated Russia’s Bomber Fleet

[FT] Donald Trump says China’s Xi Jinping is ‘hard to make a deal with’

[FT] Iran’s supreme leader hits back at US nuclear proposal

[FT] We have ‘surrendered more to the machines’, says quant fund titan Cliff Asness

[FT] Europe confronts Trump’s triple threat on Ukraine, Nato and trade

[FT] Iranians seek safety in gold from sanctions and military threats

Tuesday Evening Links

[CNBC] Stock futures are little changed after S&P 500 posts second day of gains: Live updates

[Yahoo/Bloomberg] Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%

[Reuters] Global alarms rise as China's critical mineral export ban takes hold

[Yahoo/Bloomberg] Trump Asks Congress to Slash Funds for NPR, PBS and Foreign Aid

[Axios] Scoop: Four reasons Musk attacked Trump's "big beautiful bill"

[Bloomberg] Central Banks Have Every Reason to Keep Buying in Gold Market

[Bloomberg] Data Centers Added $9.4 Billion in Costs on Biggest US Grid

[Bloomberg] Chinese Firms Brush Off US Tariff Risks With Domestic Confidence

[NYT] A New Era of Trade Warfare Has Begun for the U.S. and China

Tuesday Afternoon Links

[CNBC] S&P 500 rises, led by Nvidia and chip stocks: Live updates

[AP] US job openings rose in April, signaling resilience in the American labor market

[Yahoo/Reuters] NY Fed flags $1.06 trillion unrealized loss on bond holdings in 2024

[Yahoo/Reuters] Trump tariffs stoke supply chain worries for US businesses, survey shows

[Axios] America's two realities

[Yahoo/Bloomberg] Trump Team Signals It Wants to Keep Control of Fannie, Freddie to Boost Budget

[Yahoo/Reuters] Fed's Bostic: Current uncertainty calls for patience on rate policy

[Yahoo/Reuters] Factbox-Hedge funds lifted by stocks, stymied by bonds in May, say sources

[Bloomberg] Bessent Says China Has a ‘Choice’ on Whether or Not to Be a Reliable Partner

[Bloomberg] NY Fed Says Net Income Could Be Negative Through Most of 2025

[Bloomberg] Iran Says US Proposal for Nuclear Deal Is Ambiguous and Unclear

[NYT] What to Know About China’s Halt of Rare Earth Exports