Friday's News Links

[CNBC] Dow set to extend record as rotation out of tech continues: Live updates

[CNBC] 10-year Treasury yield moves higher as investors digest latest Fed moves

[Yahoo/Bloomberg] Silver Heads for Weekly Gain of About 10% in Speculative Surge

[CNBC] Fed’s Goolsbee explains vote against rate cut, says central bank should have waited

[Reuters] Obamacare health subsidy to end as US Senate rejects dueling remedies

[AP] This holiday season isn’t very merry for consumers, an AP-NORC poll finds

[Politico] Indiana GOP rejects Trump’s map in major blow to his gerrymandering push

[AP] Senate rejects extension of health care subsidies as costs are set to rise for millions of Americans

[CNBC] Oracle’s lease commitments jump by almost 150% as company builds out to meet AI demand

[Yahoo/Bloomberg] AI Is Powering Trump’s Economy, But American Voters Are Getting Worried

[Axios] Pacific Northwest faces "catastrophic" flood threats

[Axios] Trump embraces great power cooperation with China and Russia

[Yahoo/Bloomberg] China Vanke Seeks a One-Year Extension on a Second Local Bond

[Bloomberg] AI Data Center Boom Sparks Fears of Glut Amid Lending Frenzy

[Bloomberg] Takaichi Remark That Riled China Was Unscripted, Documents Show

[Bloomberg] China’s Credit Expansion Stays Muted as Demand Languishes

[Bloomberg] China’s Last ‘Too-Big-to-Fail’ Housing Giant Loses State Support

[Bloomberg] China Prepares as Much as $70 Billion in Chip Sector Incentives

[Bloomberg] Bank Failure Uncovers Weaknesses at Another Brazilian Lender

[Bloomberg] How Prediction Markets Turned the World Into a Casino

[NYT] From Chips to Security, China Is Getting Much of What It Wants From the U.S.

[NYT] Historic Shift Underway in China’s Economy as Investment Slump Deepens

[WSJ] Fed Officials Spar Over Whether Rate Cuts Risk Credibility on Inflation

[WSJ] Renaissance Explores Tweak to Trading Models After Meme-Stock Volatility

[WSJ] Trump Says Ukraine Is Losing the War. Officers on the Front Line Disagree.

[FT] Top Fed officials warn central bank must not be complacent on inflation

[FT] Inside the ‘rolling thunder’ quant crises of 2025

[FT] ‘The darkest depths of winter still lie ahead for America’s capital markets’

[FT] Tett: Is silver the new gold?

[FT] Trump orders increased scrutiny of proxy advisers ISS and Glass Lewis

[FT] Why Maga hates Europe: Trump takes the culture wars across the Atlantic

Thursday Afternoon Links

[CNBC] S&P, Dow futures are higher after indexes notch record closes: Live updates 

[Reuters] Gold climbs to over one-month high after Fed rate cut; silver hits record high

[Yahoo/Bloomberg] Oracle Slides by Most Since January on Mounting AI Spending

[Yahoo/Bloomberg] Oracle’s Credit Risk Hits Highest Since 2009 on Earnings

[Reuters] Five debt hotspots in the AI data centre boom

[Yahoo/Bloomberg] Trump Administration Plans to Boost Tax Break for Corporations

[Axios] Senate rejects rival Obamacare bills

[Yahoo/Reuters] Trump thinks more should be done to lower interest rates, White House says

[Yahoo/Bloomberg] Trump’s Warner Bros. Meddling Pushes Limits of Executive Power

[CNBC] Home prices go negative for the first time in over 2 years — and may stay that way for a while

[CNN] With Fed rate cuts behind us, AI and bonds are now on Wall Street’s mind

[Reuters] Exclusive: US preparing to seize more tankers off Venezuela's coast after first ship taken, sources say

[Reuters] Putin calls Maduro, Lukashenko meets Venezuela envoy as Trump cranks up pressure

[Axios] NATO chief: "Putin is in the empire-building business again"

[Politico] Don’t meddle in European democracy, von der Leyen tells Trump

[Politico] NATO’s Rutte says Europe must prepare for ‘scale of war our grandparents’ endured

[Bloomberg] Bessent Emphasizes Economic Growth in Bid to Ease Regulation

[Bloomberg] JPMorgan, Barclays See Fed Grabbing Major Chunk of Bill Issuance

[Bloomberg] Trump ‘Extremely Frustrated’ Over Ukraine Delays, Leavitt Says

[Bloomberg] Record Washington State Floods Spur Evacuation Order for 100,000

[Bloomberg] Only 0.02% of Stock Bids Is Awarded in China IPO Market Frenzy

[NYT] Bessent Accelerates Regulation Overhaul to Jumpstart Growth

[FT] US healthcare costs poised to leap as senators fail to reach deal

[FT] Federal Reserve reappoints regional chiefs in move that allays fears of challenge by Trump allies

[FT] Get ready for a spectacular IPO boom from the big beasts of Silicon Valley