Sunday's News Links

[Yahoo/Reuters] Saudi, Gulf stocks fall after Houthis claim Riyadh attacks

[AP] Federal Reserve rate hike reflects new world of sticky inflation and faster growth

[AP] Saudi Arabia confirms Yemen’s Houthi rebels tried to attack its capital with a ballistic missile 

[Reuters] Iran warns against new escalation by US and allies

[Reuters] US Treasury's Bessent, China's He to launch talks on AI, trade, critical minerals

[AP] Trump used to slam China. Here’s why he’s now rolling out the red carpet for Xi

[AP] MS NOW, CNN and Politico say their journalists were denied access to White House after Trump ban

[Yahoo/LAT] From Watts to L.A. wildfires: The rise of California's troubled FAIR Plan

[Yahoo/Bloomberg] On Wall Street, Frustration Is Mounting That AI Will Hijack the Climate Debate

[Bloomberg] US, China Begin Trade Talks in New York Ahead of Trump-Xi Summit

[Bloomberg] Jane Street Joins Wave of Dealers Offering Swaps for Risky ETFs

[Bloomberg] US Housing Costs Rise Further Out of Reach Ahead of Midterms

[Bloomberg] Moscow Refinery Hit as Russia Reports Largest Drone Attack

[NYT] China’s A.I. Makes a Great Leap Forward. But Its Economy Is Falling Behind.

[WSJ] Refineries Are Now the Main Chokepoint for Global Energy Supplies

[WSJ] Why It’s So Hard to Work Out What the Bond Market Is Telling Us

[WSJ] Trump Announces an ‘AI Force’ After Industry Sounded Alarm

[FT] Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets

[FT] US retailer rations motor oil as prices quadruple and supplies run dry

[FT] The Gulf cargo trade that vanished

[FT] Ukraine hits Moscow with ‘largest ever’ drone attack