Friday's News Links

[CNBC] Stocks fall Friday with tech shares weak again, Nasdaq headed for big weekly loss: Live updates

[Yahoo/Bloomberg] Stocks Face ‘Critical Tipping Point’ as Key Thresholds Tested

[AP] Travelers face cancellations and frustration as the FAA orders flight cuts due to the shutdown

[Reuters] Impact of US government shutdown far worse than expected, White House adviser says

[AP] ‘No hire’ job market leaves unemployed in limbo as threats to economy multiply

[Yahoo/Bloomberg] How New US Tariff Doubts Will Play Out Among Trade Partners

[Yahoo/Reuters] US to block Nvidia's sale of scaled-down AI chips to China, The Information reports

[Yahoo/Bloomberg] Fed’s December Rate Decision Won’t Come Easy, Even if Shutdown Ends Soon

[Yahoo/Reuters] Fed's Williams: Fed may soon need to expand balance sheet for liquidity needs

[Yahoo Finance] Fed’s Jefferson supported last week’s rate cut, but wants to move slowly on further cuts

[Axios] The affordability crisis, once Biden's, is now Trump's

[CNBC] China’s exports unexpectedly contract in October as shipments to U.S. drop 25%

[Yahoo/Reuters] Japan PM Takaichi fills panel posts with advocates of big spending

[AP] China seeks to project power far beyond its coast with the new Fujian aircraft carrier

[Axios] "Against humanity": World leaders slam Trump at COP30 climate summit

[Bloomberg] Jefferson Says Fed Should Proceed Slowly as It Nears Neutral

[Bloomberg] Fed’s Williams Says Bank Reserves Close to Key ‘Ample’ Level

[Bloomberg] US Shutdown Compounds Worst Year for Currency Trading Since 2005

[Bloomberg] Japan’s PM Takaichi Says Nation’s Economic Policy Has Changed

[Bloomberg] Ukraine Says Drones Hit Petrochemical Plant in Russia’s Urals

[NYT] The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse.

[NYT] Lawsuits Blame ChatGPT for Suicides and Harmful Delusions

[NYT] China Suspends Some Export Controls on Critical Minerals but Retains Others

[WSJ] Fed’s Williams Expects Central Bank to Return to Asset Purchases Soon

[WSJ] OpenAI CEO Says U.S. Shouldn’t Bail Out AI Companies

[WSJ] How the Lowly Soybean Got Trapped in the Crossfire of the U.S.-China Trade Wars

[FT] Tett: Beware the three Ls: leverage, liquidity and lunacy

[FT] Why American-style polarisation is spreading across the west

Thursday Evening Links

[CNBC] Stock futures edge higher after key AI stocks dive on valuation fears: Live updates 

[Reuters] Wall Street ends lower on tech valuations, economic jitters

[AP] Travelers brace for chaos as US government shutdown threatens holiday flights

[Axios] Judge orders White House to pay full SNAP benefits by Friday

[CNBC] Trump AI czar Sacks says ‘no federal bailout for AI’ after OpenAI CFO’s comments

[CNBC] China’s key weapons in its AI battle with the U.S. — massive Huawei chip clusters and cheap energy

[Axios] National Retail Federation forecasts first $1 trillion holiday season

[Bloomberg] DoubleLine’s Cohen Sounds the Alarm on AI-Debt Funding Frenzy

[Bloomberg] Altman Says OpenAI Doesn’t Want a Government Bailout for AI

[Bloomberg] First Brands Says It Needs $600 Million or ‘It’s Game Over’

[Bloomberg] US Initial Jobless Claims Rose Last Week, State Data Suggest

[FT] US money market at risk of fresh bout of stress, Wall Street banks say

[FT] Sam Altman says OpenAI is not ‘trying to become too big to fail’

Thursday Afternoon Links

[CNBC] Dow drops 400 points as AI stocks resume their decline, Nasdaq falls 1.8%: Live updates

[AP] Most major US airports are among 40 targeted for shutdown flight cuts

[AP] What to know about 10% reduction in flights at U.S. airports caused by the government shutdown

[Yahoo/Telegraph] OpenAI seeks US government backing to fund $1tn expansion

[Yahoo/Reuters] More than half of hedge funds invested in crypto, global survey says

[Bloomberg] Fed’s Hammack Says Inflation a Bigger Concern than Labor Market

[Bloomberg] Private Credit Titans Defend Track Record as Earnings Land Soft

[Bloomberg] US Companies to Boost Their Borrowing in 2026, Wells Fargo Says

[Bloomberg] Brazil Tapping Debt Markets in Busiest Spree Since 2010

[WSJ] Inflation-Protected Bonds Fail a Key Test: They Don’t Help When Inflation Is High

[FT] Who’s right about AI: economists or technologists?

[FT] UBS to liquidate funds with substantial First Brands exposure