Wednesday's News Links

[Yahoo/Bloomberg] Gold Hits Fresh Record on Fed Rate-Cut Hopes as Silver Surges

[CNBC] Stocks jump as strong earnings overshadow China trade fight, Bank of America rises: Live updates

[Yahoo/Bloomberg] Xi’s Rare Earth ‘Bazooka’ Sparks Global Alarm, Race for Supplies

[Yahoo/Reuters] China takes steps against US-linked units of S.Korea shipbuilder Hanwha

[Yahoo/Reuters] Long Treasury yields to stay elevated as inflation, debt pressures blunt Fed easing

[AP] The government shutdown is putting a renewed spotlight on the cracks in the US aviation system

[CNBC] Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds

[Yahoo/Bloomberg] Dimon’s ‘Cockroach’ Fear Revives Threat of Cracks in Credit

[CNBC] Auto industry raises the alarm as China tightens export rules for rare earths

[Yahoo/Reuters] BlackRock, Nvidia-backed group strikes $40 billion AI data center deal

[Reuters] Flows into US ETFs cross $1 trillion at record pace, State Street Investment Management says

[Yahoo/Bloomberg] VIX Curve Inversion Tests Trader Resolve With Volatility Rising

[Yahoo/Telegraph] China is using its economic arsenal to hold the world to ransom

[Reuters] China to keep its 'all about production' economic playbook as rivalry with US intensifies

[AP] Chinese airlines protest US plan to ban their flights over Russian airspace

[Yahoo/Bloomberg] Trump Says He’d Be ‘Very Upset’ by Chinese Military in Argentina

[AP] News organizations, including Hegseth’s former employer Fox, reject new Pentagon reporting rules

[Bloomberg] Japan’s Surprise Kingmaker Tamaki Has Shot at Becoming Next PM

[Bloomberg] China Ramps Up Yuan Defense Via Fixing Amid Trade Tensions

[NYT] Trump’s Trade War With China Catches the World in Its Crossfire

[NYT] Powell Signals Fed Is on Track to Keep Cutting Rates

[NYT] Why Bank C.E.O.s See Economic Turbulence Ahead

[WSJ] China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

[WSJ] Grocery Prices Keep Rising. Frustrated Consumers Are Trying to Adapt

[WSJ] Blackstone Joins Race to Bring Private Assets to 401(k) Market

[FT] IMF warns US must tackle its yawning deficit

[FT] China’s consumer prices fall as deflation fears loom

[FT] Central banks have been buying a squillion tonnes of gold, promise

Tuesday Evening Links

[Yahoo/Reuters] Flows into US ETFs cross $1 trillion at record pace, State Street Investment Management says

[AP] Trump and budget chief Vought are making this a government shutdown unlike any other

[Yahoo Finance] ‘Absolutely' a market bubble: Wall Street sounds the alarm on AI-driven boom as investors go all in

[Yahoo/Reuters] Trump won't 'waste our time' with Argentina if Milei loses in midterms

[Bloomberg] Trump Threatens China Cooking Oil Trade as Retaliation for Soybean Boycott

[Bloomberg] Summers ‘Nervous’ About Bessent’s Novel Rescue for Argentina

[WSJ] Tricolor and Treasury’s Seal of Approval

Tuesday Afternoon Links

[AP] US stocks slip as trade tensions with China flare up again

[Yahoo/Bloomberg] White House Vows to ‘Ride Out’ Shutdown, Continue Layoffs

[Yahoo/Bloomberg] China Flexes Superpower Status Using Rare Earths in Global Supply Chain Grab

[Yahoo/Reuters] Fed's Powell says economy on firmer footing, though low-hiring, low-firing trend continues

[AP] Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

[CNBC] Trump trade rep says new 100% tariff on China depends on Beijing’s next move

[CNBC] Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

[Yahoo/Reuters] IMF warns of rising odds of 'disorderly' global market correction

[Yahoo/Bloomberg] Five Ways Out of the US Government Shutdown Standoff

[Yahoo/Bloomberg] Wall Street Warns S&P 500 Dip Buyers of More Turbulence Ahead

[Bloomberg] Powell Says Fed May Stop Shrinking Balance Sheet in Months Ahead

[Bloomberg] JPMorgan’s Dimon Says Employee Health Costs to Rise 10% in 2026

[Bloomberg] ECB’s Kocher Wouldn’t Deregulate Too Much Now Amid Bubble Risk

[WSJ] Powell Hints at End of Campaign to Shrink Fed’s Treasury Holdings

[WSJ] Wall Street Is Firing on All Cylinders, Fueled by Deals and Trading

[WSJ] AI Economics Are Brutal. Demand Is the Variable to Watch.

[FT] Jay Powell signals support for more rate cuts as US job market cools

[FT] IMF warns on $4.5tn bank exposure to hedge funds and private credit

[FT] Banks caution over bubble as they report bumper profits