Thursday's News Links

[CNBC] Stocks take a hit after July’s wholesale inflation is much hotter than expected: Live updates

[AP] U.S. producer prices surge in July as Trump tariffs push costs higher

[AP] Trump’s friendly-to-frustrated relationship with Putin takes the spotlight at the Alaska summit

[Yahoo/Bloomberg] Trump Signals Tough Stance With Putin Ahead of Alaska Summit

[Yahoo/Reuters] Fed's Daly says 50 basis point rate cut next month doesn't seem warranted, WSJ reports

[Yahoo/Reuters] Bessent says BOJ is 'behind the curve' on inflation, likely to hike rates, in Bloomberg interview

[CNBC] Despite cooler-than-expected CPI, economists agree higher prices are coming

[Yahoo/Reuters] Trump-fueled crypto frenzy sparks rush to Wall Street IPOs

[Yahoo/Reuters] More US companies skip lender consent to add on debt, Moody's says

[AP] DC residents protest as White House says federal agents will be on patrol 24/7

[Axios] D.C. religious leaders blast Trump crackdown as 24/7 federal patrols ramp up

[Yahoo/Bloomberg] Defending Trump’s Orders Leaves DOJ Lawyers Showing Strain, Seeking Delays

[Yahoo/Reuters] US to explore cooperation with Pakistan on critical minerals, hydrocarbons

[Bloomberg] Bessent Says He’s Not Pushing Fed Cuts, Just Highlighting Models

[Bloomberg] Private Equity Funds Traded in London Hint at Hidden 401(k) Risk

[Bloomberg] Manhattan Apartment Hunters Face Record Rents and Bidding Wars

[Bloomberg] Ukraine Hits Another Key Russia Refinery in Flurry of Attacks

[Bloomberg] China Bond Rout Deepens as Rally in Local Stocks Gathers Steam

[Bloomberg] China’s Rare Lending Slump Feeds Worry on Slower Economic Growth

[Bloomberg] China Mulls Asking Firms Run by Central Government to Buy Homes

[Bloomberg] Viktor Orban’s Grip on Hungary Is Slipping With No Help From Trump

[NYT] Fed Faces High Bar for Big Cuts Despite White House Pressure

[NYT] Big Tech’s A.I. Boom Is Reordering the U.S. Power Grid

[NYT] Why Trump’s Pay-for-Play Chips Deal May Not Be the Last

[WSJ] Americans’ 401(k)s Are More Tied to Stocks Than Ever

[WSJ] Blue States Hunt for Ways to Wring More Taxes From the Wealthy

[WSJ] Why Putin Wants All of Donetsk in Ukraine

[WSJ] The U.S. Alcohol Industry Is Reeling From Canada’s Booze Boycott

[WSJ] Feeling Especially Hot and Sticky This Summer? Now There’s a Metric for That

[FT] Scott Bessent says Japan is ‘behind the curve’ on interest rates

[FT] Rating and slating all the Fed chair candidates

[FT] Who pays for the $3tn AI building boom?

[FT] DeepSeek’s launch of new AI model delayed by Huawei chip issues

[FT] US oil producers say Opec ‘price war’ will halt shale boom

[FT] French borrowing costs close in on Italy’s as investors fret over debts

Wednesday Evening Links

[CNBC] Stock futures are little changed as investors await more inflation data: Live updates 

[Yahoo Finance] Chicago Fed's Goolsbee, Atlanta Fed's Bostic see case for patience before cutting interest rates

[Yahoo/Reuters] Fed can wait to adjust policy because job market is near full employment, Bostic says

[Yahoo/Reuters] Fed's Goolsbee signals door open to rate cut in fall

[Politico] EU leaders sound upbeat after Ukraine call with Trump. They could be in for a rude awakening.

[Bloomberg] Fannie Mae Former Employees Sue Company, Pulte for Defamation

[Bloomberg] Exposing the Cracks at the Heart of Putin’s War Economy

[Bloomberg] Political Protests in Serbia Turn Violent With Clashes in Country’s Biggest Cities

[NYT] Bessent Has Yet to Fully Divest Assets, Raising Concern at Ethics Agency

[WSJ] Trump Agrees on Ukraine Red Lines With Europe Before Putin Summit

[FT] Donald Trump says he has ‘three or four’ candidates in mind to lead the Federal Reserve

[FT] Trump’s tariffs turn from confused to chaotic

[FT] Trump threatens ‘very severe consequences’ if Putin refuses to end Ukraine war

Wednesday Afternoon Links

[CNBC] Dow rises 400 points, S&P 500 hits new record in second day of gains: Live updates

[Yahoo Finance] Oil prices slip as industry faces record surplus next year

[Yahoo/Bloomberg] Bessent Urges Fed to Lower Rates by 150 Basis Points or More

[Yahoo/Reuters] Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says

[Yahoo/Bloomberg] Trump Issues Warning to Putin After Summit Prep With Europe

[Yahoo/Reuters] Goldman economist, uncowed by Trump attack, plans to 'keep doing' as before

[Yahoo/Reuters] US container imports may have peaked in July, chief of busiest seaport says