Friday's News Links

[CNBC] Stocks rise after in-line PCE inflation report: Live updates

[Yahoo/Bloomberg] Gold Heads for Sixth Weekly Gain on Risk-Off Tone and ETF Flows

[AP] Asian shares tumble after Trump says he will impose new tariffs on drugs and other goods

[CNBC] Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows

[Yahoo/Reuters] US consumer spending increases solidly in August

[AP] Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks

[Yahoo/Bloomberg] Trump Plans New Tariff Push With 100% Rate on Patented Drugs

[Yahoo/Reuters] Trump says South Korea, Japan will pay billions 'upfront' in investment

[AP] Profit margin on flipping a home is at a 17-year low due to high prices

[Yahoo/Bloomberg] Bessent Puts US Money at Risk in $20 Billion Argentina Backstop

[Yahoo/Reuters] Canada's GDP rebounds in July after three months of contraction

[Yahoo/Reuters] BOJ likely to hike rates to 1.5% under Ueda, former board member predicts

[Yahoo/Bloomberg] Europeans Privately Tell Russia They’re Ready to Shoot Down Jets

[Yahoo/Bloomberg] David Einhorn Sounds Warning on the AI Spending Splurge

[Politico] Russian foreign minister says Moscow is in a ‘real war’ with NATO, Europe

[Axios] Russia dares NATO to shoot

[AP] Trump escalates retribution campaign with charges against Comey and threats against liberal groups

[Bloomberg] Fed’s Barkin Says Risks to Employment and Inflation Are Limited

[Bloomberg] US Insists India Halt Russia Oil Purchases to Secure Trade Deal

[NYT] New Tariffs Shock Countries Reeling From Trump’s Chaotic Trade War

[WSJ] Trump Takes Aim at Chip Makers With New Plan to Throttle Imports

[WSJ] Spending on AI Is at Epic Levels. Will It Ever Pay Off?

[WSJ] Fed Independence Reaches Its Moment of Truth as Supreme Court Weighs Cook’s Fate

[WSJ] How Trump’s Deportation Effort Is Playing Out, in Charts

[WSJ] Hegseth Orders Top U.S. Military Officers to Washington for Mystery Meeting

[WSJ] Suspected Russian Drone Incursions Expose Gaps in NATO Defenses

[FT] China launches sweeping probe into Mexican tariffs as trade war widens

[FT] China’s industrial policy is destroying its economy

[FT] Russia is helping train China’s paratroopers, leaked files show

Thursday Evening Links

[CNBC] Stock futures are little changed ahead of key inflation report: Live updates

[Yahoo/Bloomberg] Treasury Yields Set Three-Week High as Data Clouds Rate-Cut Path

[Yahoo/Bloomberg] Economic, Political Stakes Loom as US Shutdown Threat Rises

[Axios] Former FBI Director James Comey indicted

[Yahoo/Bloomberg] Fed’s Cook Warns Supreme Court of Market ‘Chaos’ If She’s Fired

[Yahoo/Reuters] Fed's Miran presses case for fast rate cuts, but other policymakers push back

[Axios] The frozen job market is dire for entry-level workers

[AP] Hegseth abruptly summons top military commanders to a meeting in Virginia next week

[Bloomberg] Bank Reserves at Fed Fall Below $3 Trillion Amid Liquidity Drain

[Bloomberg] Goldman Warns of Stock Volatility, Finds Catalysts to Play

[NYT] Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina

[NYT] China Bought $12.6 Billion in U.S. Soybeans Last Year. Now, It’s $0.

[WSJ] Democrats Dig In on Shutdown Stance After White House Threatens to Fire Workers

[WSJ] Unusual Trading Ahead of Crypto-Treasury Deals Draws Scrutiny From U.S. Regulators