Friday's News Links

[Reuters] Stocks dip after US-Iran peace talks delay; yen hovers near 40-year lows

[CNBC] Oil prices turn negative after U.S. official says Israel, Hezbollah agree to ceasefire

[Yahoo/Bloomberg] UK Bonds Fall as Burnham Win Leaves Markets Speculating on Risks

[CNBC] Yen slides past 161 against the dollar, nearing 40-year low and reviving intervention bets

[AP] Talks between the US and Iran are called off because of fighting in Lebanon, officials say

[Yahoo/Bloomberg] US and Iran Delay Nuclear Talks as Lebanon Clashes Worsen

[AP] Vance’s push to get Iran talks started hits an early bump as weekend negotiations are put on hold

[Yahoo/Bloomberg] Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

[Reuters] High-wire diplomacy delivered US-Iran deal but hardest stage lies ahead, sources say

[CNBC] Memory crisis hits such extremes that ‘even Apple can’t be safe’

[Axios] Why homeownership costs are so high

[Yahoo/Reuters] US equity fund inflows surge on Iran deal, tech draws record weekly investments

[Axios] Trump's all-powerful "Great Man" theory

[Yahoo/Bloomberg] Burnham Paves Way to Oust Starmer as UK PM Says He’ll Dig In

[Yahoo/Bloomberg] BOE Unveils Doomsday Scenario for Private Markets Stress Test

[Bloomberg] California and US West Threatened by Wildfires Over Coming Days

[Bloomberg] El Niño Is Turbocharging the Record Heat Wave Searing Europe

[Bloomberg] Greenwich Luxury Home Sales Head for Record on Stock Rally

[Bloomberg] S. Korean Producer Prices Rise Most Since 2022 on Energy Costs

[Bloomberg] Emerging Equities Touch Record High as Iran Deal Takes Effect

[NYT] After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously

[WSJ] Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping

[WSJ] Pentagon Tells Lawmakers It Needs $80 Billion for Iran War and Other Bills

[WSJ] Why Apple’s War Chest Can’t Win the Memory War

[WSJ] ‘I’m the President and You’re Not’: Trump Tests His Power and Frustrates the GOP

[WSJ] BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes

[FT] Iran deal brings little relief for inflation-wary central banks

[FT] Iran to seek ‘insurance fees’ for passage through Strait of Hormuz

[FT] Tett: Are insurers becoming dangerously addicted to private credit ratings?

[FT] ‘Hawkish shift’ in US rates upends global currency bets

[FT] ‘We created a monster’: companies rein in AI usage as costs strain budgets

[FT] Starmer refuses to step down to make way for Burnham

[FT] Xi Jinping wants China to boost demand. Why isn’t it working?