Tuesday's News Links

[CNBC] Stocks are little changed after major U.S. indexes notch record highs: Live updates 

[CNBC] Private sector created nearly 15,000 jobs a week over the past month, preliminary ADP data shows

[AP] Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

[Axios] Republicans flirt with hardball offer on ending shutdown

[Yahoo/Reuters] Trump slams Fed chair, eyes replacement in a few months

[Reuters] Trump praises Japan's 'great' female leader in talks on trade, critical minerals

[Axios] The national redistricting wars enter a new phase

[Axios] Hurricane Melissa, world's strongest storm of 2025, closes in on Jamaica

[AP] China pitches itself as alternate to US protectionism after signing expanded ASEAN free trade pact

[AP] Ukraine’s long-range strikes cut Russia’s oil refining capacity by 20%, Zelenskyy says

[Reuters] Putin says 'everything going to plan' with North Korea

[AP] Hurricane Melissa is set to hit Jamaica as its strongest storm since records began

[Bloomberg] The Fed Should Pause in Cutting Interest Rates

[Bloomberg] Dudley: The Fed’s $6 Trillion Balance Sheet Is About Right

[Bloomberg] US Signs $80 Billion Pact to Boost Nuclear Power in AI Drive

[Bloomberg] China Analysts Expect US to Ease Export Curbs for Magnet Relief

[Bloomberg] PBOC Governor Warns on Stablecoin Risks as Global Anxiety Builds

[NYT] Fed’s Policy Path Looks More Treacherous as Shutdown Delays Critical Data

[WSJ] The Fed’s $6.6 Trillion Test: When to End Its Portfolio Runoff

[WSJ] Trump’s Big Tariff Task in Asia Is to Close the Deal

[WSJ] Private Lenders Aren’t Out of the Doghouse Yet

[WSJ] China Vows to Significantly Boost Household Consumption Rate

[WSJ] BOJ Mulls Rate-Hike Timing Amid Tariff Impacts, Political Shift

[FT] Federal Reserve nears end of QT amid signs of stress in money markets

[FT] RIP US QT?

[FT] Donald Trump and Sanae Takaichi promise ‘golden age’ for US-Japan alliance

[FT] China calls for ‘extraordinary measures’ to achieve chip breakthroughs

Monday Evening Links

[CNBC] Stock futures are little changed after major U.S. indexes notch record highs: Live updates 

[Axios] Flight delays soar as controllers miss first paycheck Tuesday

[Yahoo/Reuters] Analysis-As Trump-Xi trade talks near, investors turn to history as a guide

[Axios] Food banks brace for 42 million without SNAP

[AP] Federal food benefits and preschool aid to run dry starting Saturday if shutdown continues

[Axios] What to know about Trump's finalists to replace Powell as Fed chair

[Bloomberg] Here Are the Five Contenders to Replace Powell as Fed Chair

[Bloomberg] Trump’s Japan Trip Fuels Bond Market Worries on Defense Spending

[Bloomberg] Trump Sparks Korean Capital Flight With $350 Billion Demand

[Bloomberg] Norinchukin Keeps Credit Buildup to Fix $266 Billion Portfolio

[NYT] Trapped Between U.S. and China, South Korea Feels Trade War’s Pressure

[WSJ] A Private-Credit Winter Is Coming

[WSJ] The Good Vibes Are Back on Wall Street

[WSJ] Xi Gives Trump a Taiwan Test

[FT] Why China keeps winning the trade war

[FT] US companies strike $80bn in mergers as Trump boosts dealmaking

[FT] As Trump shuns Canada, Carney must mend fences and make his case in Asia

Monday Afternoon Links

[CNBC] S&P 500 rallies 1%, on pace for first close above 6,800 ever on potential China trade truce: Live updates 

[The Hill] Speaker Johnson says GOP working on Republican health care plan amid shutdown

[Yahoo Finance] Fed expected to cut rates again, even as officials fly blind without data

[Yahoo/Reuters] Factbox-US government shutdown: How it affects key economic data publishing

[Bloomberg] Private Credit Risks ‘Inflated’ Ratings by Small Firms, BIS Says

[NYT] Step by Step, How China Seized Control of Critical Minerals

[WSJ] Trump Considers Fed Chair Selection by Year-End from Slate of Five Finalists

[WSJ] Chicago Fed Estimate Sees Little Change in Unemployment This Month

[FT] Private loan credit ratings may be ‘systematically’ inflated, warns BIS

[FT] Russia presses ahead in Ukraine’s east