Saturday's News Links

[Reuters] Wall St Week Ahead: Data, Iran, US-China meeting in focus for scorching US stock market

[AP] A fragile ceasefire holds as US awaits Iran response, Bahrain detains dozens

[Axios] "Momflation" is changing how we celebrate Mother's Day

[AP] China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit

[Bloomberg] US Awaits Iranian Response After Hormuz Clashes Strain Ceasefire

[Bloomberg] Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace

[Bloomberg] China Vows to Advance Efforts to Defuse Local Government Debt

[Bloomberg] Hungary’s New PM Magyar Demands President Quit in Showdown

[NYT] For Trump, Court Loss Is Latest Twist in Ever-Shifting Tariffs

[WSJ] Muted U.S. Response to Iranian Attacks Deepens Gulf Fears About Cease-Fire

[WSJ] Europeans Are Fed Up and Taking It Out on Their Leaders

[FT] The Iranian ‘mosquito fleet’ taking on the mighty US Navy

[FT] Trump, Xi and the bid for a ‘grand bargain’ between superpowers

[FT] US wildfires surge to decade high as drought fuels fears of brutal summer