Thursday Afternoon Links

[CNBC] Meta tanks 9%, Alphabet climbs 7% as each company raises capex spend

[Reuters] Oil retreats after hitting four-year high on concern of US-Iran war escalation

[Yahoo/Bloomberg] Yen Soars as Traders Say Japan Intervened After ‘Final’ Warning

[CNBC] California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.

[Yahoo Finance] America's national debt is now larger than the entire economy

[Yahoo/Bloomberg] CoreWeave Heralds New AI Borrowing Frontier With GPU-Backed Loan

[Yahoo/Bloomberg] Meta Gets $96 Billion of Orders for Its Latest Jumbo Bond Sale

[Yahoo/Bloomberg] Taiwan Blows Past Forecasts With Economic Growth at 39-Year High

[Bloomberg] Pain at the Pump Is Intensifying for US Consumers as Iran War Drags On

[Bloomberg] Only Iran-Linked Traffic Moves Through Hormuz Amid Blockades

[Bloomberg] Dollar Wraps Worst Month Since June as Haven Trade Unwinds

[Bloomberg] DOJ Readies Fed Subpoena Appeal After Closing Powell Probe

[Bloomberg] RBI’s Short Dollar Book Surges Past $100 Billion for First Time

[NYT] Behind Powell’s High-Stakes Decision to Stay at the Fed

[WSJ] Blue Owl Expands Other Businesses With Private Credit in Turmoil

[WSJ] Wheat Prices Jump as Drought Threatens U.S. Output\

[FT] Jay Powell’s defiant curtain call

[FT] ECB and BoE warn of interest rate rises as central banks grapple with Middle East shock