Tuesday's News Links

[CNBC] Stocks move higher after S&P 500 ekes out another closing record: Live updates

[Reuters] Explainer: What's at stake for Japan's fragile bond market this week

[AP] Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

[Reuters] Fed's policy toolkit may be headed for fundamental changes

[Reuters] US, China resume talks in Stockholm to ease tariff hostilities

[Reuters] What's in Trump's trade deal with Europe?

[AP] Trump’s tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds

[Politico] Trump got his tariff hike. The rest remains murky.

[Axios] Drug prices likely to rise with tariffs on EU

[AP] Cheyenne to host massive AI data center using more electricity than all Wyoming homes combined

[Yahoo/Reuters] Ex-BOJ deputy chief Nakaso sees 'cracks' in dollar's supremacy

[Yahoo/Reuters] UBS orders bankers to scale back sale of complex currency products, FT reports

[Yahoo/Bloomberg] Taiwan Leader Calls Off US Stopover as Trump Seeks Xi Summit

[Bloomberg] The Boom in AI Is Stressing the Largest US Power Grid

[Bloomberg] US Needs More Negotiations With India for Trade Deal, Greer Says

[Bloomberg] Lutnick Sees Likely 90-Day Extension of China Trade Truce

[Bloomberg] US Credit Conditions Deteriorate Following Tariffs, Moody’s Says

[Bloomberg] Japan Ruling Party to Discuss Prime Minister Ishiba’s Fate Soon

[Bloomberg] China’s Social Spending Hits Highest Level in Nearly Two Decades

[Bloomberg] PBOC Finds Consumer Mood Is Turning Darker Even as Economy Grows

[Bloomberg] Taiwan Investors Turn to Europe as US Assets Lose their Allure

[Bloomberg] Villain of 2008 Crisis Gets New Life in Europe’s Push for Growth

[NYT] Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts

[WSJ] A Divided Fed Eyes Future Rate Cuts but Won’t Move This Week

[WSJ] The Fed Chair Doesn’t Set Rates by Himself. Here Are the Other Voting Members.

[WSJ] Trump’s New Trade Order Is Fragile

[WSJ] Trump’s Tariffs: Where He Started, What He Threatened, Where He Ended Up

[WSJ] Who Pays? AI Boom Sparks Fight Over Soaring Power Costs

[WSJ] AI Is Wrecking an Already Fragile Job Market for College Graduates

[FT] Donald Trump’s tariff blitz brings US levies to highest levels since 1930s

[FT] China struggles to break its addiction to manufacturing

Monday Evening Links

[CNBC] Stock futures are little changed after S&P 500 ekes out another closing record: Live updates

[Reuters] US, China hold new talks on tariff truce, easing path for Trump-Xi meeting

[Reuters] Exclusive: US Democrats, Republicans plan bills to pressure China as Trump pushes trade

[Yahoo/Reuters] Analysis-EU's $250 billion-per-year spending on US energy is unrealistic

[Yahoo Finance] Trump's trade deals could push the average new car price well above $50,000

[Yahoo/Bloomberg] Trump Raises Pressure on Putin With New 10-12 Day Truce Deadline

[Bloomberg] US Trade Deals Come With Defense Strings Attached

[Bloomberg] Almost Every Corner of Emerging Markets Is Surging as Dollar Sinks

[NYT] Tariffs on Medicines From Europe Stand to Cost Drugmakers Billions

[WSJ] The Interest Rate That Matters

[FT] Germany and France hit out at EU-US deal

[FT] China lays out its AI vision in foil to Donald Trump’s ‘America First’ plan

Monday Afternoon Links

[CNBC] S&P 500 is little changed after U.S.-EU trade deal as traders brace for big market week ahead: Live updates

[Yahoo/Bloomberg] European Stocks Edge Lower as Autos Decline on Tariff Hangover

[Yahoo/Bloomberg] Dollar Climbs on US-EU Deal as Eyes on China Talks: Markets Wrap

[AP] US-China tariff talks may provide clues on a possible Trump-Xi meeting

[BBC] Five things that could get more expensive for Americans under Trump tariffs

[WSJ] Trade Between the U.S. and EU Is Massive. We Break It Down.

[WSJ] Canada Housing Market Braces for Extended Pricing Slump

[FT] Houthis vow to escalate attacks in Red Sea

Monday's News Links

[CNBC] Stocks show small gain as U.S.- EU trade deal kicks off a hectic week for markets: Live updates

[Yahoo/Bloomberg] Bond Traders Await Fed Meeting, Refunding and Jobs Report

[Yahoo/Bloomberg] For Bond Dealers, It’s Now All About Bills at Bessent’s Treasury

[AP] US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year

[Axios] Trump's tariffs start August 1, no extensions, Lutnick says

[Yahoo/Bloomberg] The EU’s $750 Billion Energy Deal With Trump Looks Hard to Reach

[Reuters] EU's pledge for $250 billion of US energy imports is delusional

[AP] US and China officials meet in Stockholm to discuss how to ease trade tensions

[Axios] Tariff revenue is spiking. But who exactly is paying?

[Yahoo/Fortune] Meet the ‘masters of the universe’ heading up the private credit explosion

[Yahoo/Bloomberg] Trump Says He’ll Shorten 50-Day Deadline He Gave Putin for Truce

[Reuters] BOJ may paint less gloomy view, signal rate-hike resumption

[Yahoo/Telegraph] Beijing keeps up rare earths pressure on Trump

[AP] Thailand and Cambodia agree to “unconditional” ceasefire to end deadly border row, Malaysian PM says

[Bloomberg] Japan’s Ishiba to Face Crunch Meeting of LDP Lawmakers Monday

[NYT] Making Sense of the E.U. Trade Deal

[NYT] U.S. and China Meet as Trade Truce Nears Expiration

[WSJ] Trump and Bessent Bring New Style to Managing America’s Debt

[WSJ] Companies Welcome EU-U.S. Trade Deal as Least-Bad Outcome

[WSJ] Five Signs of a Market Bubble Investors Are Tracking

[WSJ] With Individual Home Buyers on the Sidelines, Investors Swoop into the Market

[FT] What have the US and EU agreed on trade?

[FT] The coming crypto crisis

[FT] Donald Trump freezes export controls to secure trade deal with China

[FT] Russia runs low on Soviet-era arms as North Korea fills gap