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Tuesday, May 12, 2026

Wednesday's News Links

[CNBC] Dow falls as wholesale prices jump, Nasdaq pushed higher by renewed chip stock rally: Live updates

[CNBC] 10-year Treasury yield hits new high for the year after very hot producer prices reading

[Reuters] European stocks rise, oil prices steady, government bond yields still high

[Yahoo/Bloomberg] Oil Dips After Three-Day Gain With Iran Peace Talks at Impasse

[CNBC] Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022

[AP] Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

[Yahoo Finance] Incoming Fed Chair Kevin Warsh has an alarming 62-month trend to overcome: Stat of the day

[Reuters] Warsh has big plans for the Fed, but results may take time

[Axios] Everything is chips now

[Axios] Trump's five-alarm economy

[Yahoo/Bloomberg] Japanese Funds Dump Most US Debt Since 2022 as Fed Wagers Flip

[Yahoo/Bloomberg] Trump Repeats War Threats Against Iran Ahead of Meeting With Xi

[AP] Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

[Yahoo/Bloomberg] Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West

[Yahoo/LAT] Why L.A. condo sales have slumped to a 20-year low

[Yahoo/Bloomberg] China’s $3 Trillion of Hidden Bad Debt Prolongs Economic Pain

[Bloomberg] Trump Lands in China for Xi Trade Summit With Iran War in Limbo

[Bloomberg] How Long Can the US Be the Oil Supplier of Last Resort?

[Bloomberg] BlackRock Says Increased Downgrades Looming for State Borrowers

[Bloomberg] San Francisco’s Luxury Housing Boom Is a Warning

[Bloomberg] ECB’s Rehn Says Data Show First Sign of Stagflationary Shock

[NYT] How China Could Wield Its Control of Rare Earths Against Trump

[NYT] Trump’s Shrinking Ambitions on China

[NYT] Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.

[WSJ] What Trump and Xi Want to Achieve at Their High-Stakes Summit

[WSJ] Wall Street Is Getting More Anxious About Long-Term Inflation

[WSJ] IEA Warns Recovery From Hormuz Supply Shock Will Take Months

[WSJ] Iran Expands Strait Definition

[WSJ] The New Route Around Hormuz Involves a Massive Convoy of Trucks

[WSJ] The More You Know About This Private-Credit Fund, the Less You Understand

[FT] Donald Trump demands Xi Jinping ‘open’ China to US business

[FT] Donald Trump’s plan to discuss Taiwan arms sales with Xi Jinping rattles Asian allies

[FT] Trump is up against China’s great wall of confidence

[FT] IEA warns of further ‘price spikes’ as oil inventories plunge at record pace

[FT] Hormuz closure stalls construction projects as material costs soar

[FT] Hoarding adds to economic damage triggered by Iran war

[FT] Vladimir Putin and Volodymyr Zelenskyy cool on US-led peace talks