Tuesday Afternoon Links

[CNBC] Dow rallies, S&P 500 is flat as investors rotate out of tech to start new quarter: Live updates

[Yahoo/Bloomberg] Gold Rises With Trump’s Tax Bill Seen Widening US Deficits

[AP] Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks a 50-50 tie

[Axios] Senate passes Trump's "big, beautiful bill" after 11th-hour panic

[Axios] Trump's megabill: What are the next steps and hurdles after Senate passage

[AP] As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change course

[Yahoo/Bloomberg] US Auto Sales Lose Steam After Tariff-Induced Shopping Spree

[Axios] Iran leans on hacktivist proxies in wake of Israeli, U.S. strikes

[WSJ] Powell Cites Solid Economy in Keeping Wait-and-See Stance on Rates

[WSJ] Bank of Japan’s Key Rate Is Below Neutral, Says Gov. Kazuo Ueda

[FT] US Senate passes Donald Trump’s ‘big, beautiful’ tax and spending bill

[FT] Citadel outshone by smaller hedge fund rivals in trade war turmoil

Tuesday's News Links

[CNBC] Stocks slip to kick off second half of 2025, Tesla shares drop: Live updates

[Yahoo/Bloomberg] Treasury Yields Drop to Lowest Level in Two Months Before Powell Speaks

[AP] Senate grinds to a standstill as Republicans struggle with Trump’s big bill

[Reuters] US manufacturing mired in weakness as tariffs bite

[Reuters] US job openings unexpectedly rise in May, hiring falls

[Reuters] Rare earth magnet users jolted into paying premium prices for ex-China supply

[Yahoo/Bloomberg] Homes Are Taking Longer to Sell in US Markets That Once Flourished

[Yahoo/Bloomberg] Japan’s Trade Strategy Tested as Trump Pushes for Quick Deals

[Axios] Trump says DOGE may "go back and eat Elon"

[Yahoo/Reuters] China's factory activity returns to growth in June, Caixin PMI shows

[AP] Iran assesses the damage and lashes out after Israeli and US strikes damage its nuclear sites

[Bloomberg] Bessent Says US Hopes to See China Magnets Flow at ‘Faster Rate’

[Bloomberg] Trump Says He’ll Have to ‘Take a Look’ at Deporting Musk

[Bloomberg] Taiwan Life Insurers Caught in Dilemma With Costly FX Hedges

[Bloomberg] Europe’s Junk Bonds Cap Record Month With €22.5 Billion of Sales

[WSJ] Republicans’ Effort to Pass Megabill Stretches Into a New Day

[WSJ] Republicans Charge Ahead With Megabill’s Fate Uncertain

[WSJ] The Worst Housing Market in America Is Now Florida’s Cape Coral

[WSJ] A Hot New Firm Opened the Private Market to the Little Guy. Now It Is in Big Trouble.

[FT] When the president wants a ‘low rates guy’

[FT] Taiwan’s currency jumps as life insurers rush to hedge against weak US dollar

[FT] EU toughens stance on Donald Trump’s tariffs as deadline looms

[FT] Japan digs in on rice and cars as trade talks with US stall