Thursday's News Links

[CNBC] Stocks rebound as chip stocks bounce, but gain limited as oil rises on Trump comments: Live updates

[Yahoo/Bloomberg] Oil Turns Higher as US Threatens to Take Key Iranian Export Hub

[CNBC] Wholesale prices rose 1.1% in May, more than expected, on surge in energy

[AP] US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022

[AP] US jobless aid filings rise to 229,000 last week, remain historically low despite headwinds triggered by the Iran war

[AP] Live updates: Trump says US will hit Iran ‘very hard tonight,’ threatens to take control of its oil industry

[Axios] Trump threatens to seize Kharg island as U.S. strikes continue

[Yahoo/Bloomberg] Trump Vows to Strike Iran Thursday If It Holds Out on Deal

[AP] US launches new strikes on Iran, which fires back at Gulf states and Jordan

[CNBC] Iran threatens Elon Musk’s companies in Middle East: Iranian state media

[Reuters] India demands end to US attacks on ships after three sailors killed

[Reuters] Oracle's AI spending blows past estimates, raising worries over growing debt

[Axios] What the rise in flash drives tells us about inflation (and AI)

[AP] Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

[Bloomberg] Indonesia Bond Selloff Resumes as Rate Hike Fails to Stem Rout

[Bloomberg] Global Junk Debt Flashes Warning on Growing Risk of Stagflation

[Bloomberg] BOJ Ueda’s Absence Fuels Market Nerves Over Press Conference

[Bloomberg] AI Boom Stokes Inflation With Memory Chips at ‘Insane’ Prices

[Bloomberg] Goldman’s Hammond Says Analysts Underestimate AI Spending Boom

[Bloomberg] How Houthis’ Red Sea Shipping Threat Risks Bigger Oil Shock

[Bloomberg] US Sees Newly Formed El Niño as One of the World’s Strongest Yet

[Bloomberg] Amazon Says Its Data Centers Use 2.5 Billion Gallons of Water

[NYT] Why It’s Nearly Impossible to Build a Robot Without China

[WSJ] Trump Says U.S. Will Hit Iran Tonight, Plans to Take Key Oil Hub Kharg Island

[WSJ] U.S. Launches Fresh Wave of Strikes Against Iran

[WSJ] ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence

[WSJ] China Is Propping Up the World Economy by Importing a Lot Less Oil

[WSJ] OpenAI Considers Drastic Price Cuts, Anticipating War for Users With Anthropic

[FT] Trump vows to take ‘total control’ of Iran’s oil and gas markets

[FT] Iran war tightens ‘super-squeeze’ in metals markets