Thursday's News Links

[CNBC] S&P 500 declines for a third day as Oracle and Nvidia continue to fall: Live updates

[Yahoo/Bloomberg] Silver Hits $45 for First Time Since 2011 as Gold Nears Record

[Yahoo/Bloomberg] Treasury Yields Climb to Three-Week High Before Fed Speakers

[CNBC] Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

[AP] US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

[Axios] White House raises specter of mass firings if government shuts down

[Yahoo/Bloomberg] Fed’s Miran Says US Economy’s Vulnerability Calls for Rapid Cuts

[Yahoo/Fortune] Stephen Miran, who Trump nominated to undermine Fed independence, once wrote a scathing critique of how the Fed wasn’t independent enough

[Reuters] Fed’s schmid: currently fed is close to meeting its mandates, but policy must look forward.

[Yahoo/Reuters] China signals that purchases of US soybeans hinge on tariff removal

[Axios] AI's trillion-dollar data center bet

[Yahoo/Reuters] Japan's corporate service inflation perks up in August

[Yahoo/Bloomberg] Denmark Investigates Russia in Second Drone Attack in a Week

[Axios] Exclusive: Russian officials must end war or find bomb shelters, Zelensky says

[Reuters] Exclusive: Chinese drone experts worked with sanctioned Russian arms maker, sources say

[Bloomberg] US Economy Grows at Fastest Pace in Nearly Two Years on Consumer Spending

[Bloomberg] Emerging-Market Assets Decline as Political Risks Proliferate

[Bloomberg] Le Pen Turns Up Pressure on Macron With Push for French Election

[Bloomberg] UK Budget Angst Hits Gilt Sales as Investor Appetite Fades

[Bloomberg] Former BOJ Board Member Expects Rate Hike as Early as Next Month

[NYT] There Are More Robots Working in China Than the Rest of the World Combined

[WSJ] White House to Pursue Mass Firings if Government Shuts Down

[WSJ] Durable-Goods Orders Bounce Back on Surge in Aircraft Demand

[WSJ] Denmark Says New Drone Flights Over Military Base, Airports Are ‘Hybrid Attack’

[WSJ] Higher Electricity Prices Aren’t All Good for Utilities

[FT] Drones seen at 4 more Danish airports in ‘systematic’ attack

[FT] Trump’s biggest inflation worry might not come from his tariffs on goods

[FT] Stress-testing central bank independence

[FT] Can a US bailout save Argentina’s Javier Milei?

[FT] European officials fear Trump is preparing to blame them for Ukraine failure

Wednesday Evening Links

[CNBC] Stock futures are little changed ahead of key jobs data: Live updates

[Axios] Jeffries rules out handshake deal with GOP to avert shutdown

[Yahoo/Reuters] South Korea's Lee and Bessent discuss conditions for US tariff deal

[Bloomberg] Bessent Halts Argentina Crisis as US Lifeline Upends Short Bets

[Bloomberg] US Corporate-Bond Sales Surge as Borrowing Costs Keep Falling

[Bloomberg] Disney Gears Up for Legal Fight With Trump Over Kimmel’s Return

[NYT] A Federal Shutdown May Be Imminent. How Would It Affect the Economy?

[WSJ] A New Start for Trump on Ukraine?

[WSJ] Who’ll Lose When Government Shuts Down?

[WSJ] China’s Xi Takes Veiled Swipe at Trump, Announces Climate Plan

[WSJ] Every Nation Wants to Copy Iran’s Deadly Shahed Drone

[FT] Top Federal Reserve official warns against quick series of rate cuts

[FT] The battle for US media freedom

Wednesday Afternoon Links

[CNBC] Stocks dip for a second day as investors continue selling AI plays Nvidia and Oracle: Live updates

[Yahoo/Reuters] Argentine assets rally as Bessent details strong US support

[CNBC] New home sales soar 20% in August to a three-year high

[Yahoo Finance] Bessent widens scope for next Fed chair as he looks for someone with 'open mind'

[AP] Ukraine’s president says the world is in ‘the most destructive arms race in history’

[Politico] Russia to Trump: We’re a real bear, not a paper tiger

[Reuters] Crypto ETFs set to flood US market as regulator streamlines approvals

[Reuters] Mexico's inflation speeds up in early September

[Bloomberg] Bessent Chides Powell for Not Championing Interest Rate Cuts

[Bloomberg] Kimmel Reactions Span the Same Deep Political Divide He Exposed

[Bloomberg] Why Russia’s Airspace Violations Are Pressuring NATO to Respond

[Bloomberg] Nomura’s McElligott Says Keep Hedging as Euphoria Powers Stocks

[NYT] The Rate Debate Dividing the Fed

[WSJ] Bessent Says U.S. Talking With Argentina About $20 Billion in Aid

[FT] South Korean investment is now imperilled in the US