Friday's News Links

[Yahoo/Bloomberg] Trump Administration Prepares to Back Warsh for Fed Chair

[CNBC] Stocks fall as investors weigh latest earnings, Warsh Fed chair pick; S&P 500 on pace for January gain: Live updates

[Reuters] Stocks tumble on bets Kevin Warsh is Trump's Fed pick

[CNBC] Gold and Silver tumble as Trump’s Fed Chair pick Warsh seen as preserving central bank independence

[AP] Trump names former Federal Reserve official Warsh as the next Fed chair to replace Powell

[Axios] Trump to nominate Kevin Warsh as Fed chair

[CNBC] Sen. Tillis will oppose Trump Fed chair pick Warsh until Powell probe resolved

[AP] US producer prices rose 0.5% in December, more than expected, on uptick in services inflation

[Yahoo/Bloomberg] Trump Deal to Avert Major Shutdown Set to Miss Funding Deadline

[CNBC] Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows

[Reuters] Trump warns Britain on China ties as Starmer hails reset

[CNBC] World leaders flock to Beijing, hedging against U.S. disruptions

[Bloomberg] What Does Kevin Warsh’s Nomination Mean for the Fed?

[Bloomberg] Wall Street Reacts as Warsh Selected by Trump as Next Fed Chair

[Bloomberg] Trump Demanded a Fed Dove. He Picked a Hawk.

[Bloomberg] Fed’s Bostic Says Elevated Inflation Should Keep Rates on Hold

[Bloomberg] Corporate America Unloads Shares With S&P 500 Near Record High

[Bloomberg] Trump Warns UK on ‘Dangerous’ Moves After Xi-Starmer Talks

[Bloomberg] Cuba Decries Trump’s ‘Genocidal’ Threat and Girds for Calamity

[Bloomberg] China Runs Record Budget Deficit as Social Spending Growth Soars

[NYT] Trump Picks Kevin Warsh as Fed Chair

[WSJ] Trump Picks Kevin Warsh as Fed Chair

[WSJ] Kevin Warsh, a Fed Critic, Is Now Poised to Lead It

[WSJ] Who Is Kevin Warsh, Trump’s Fed Chair Pick?

[FT] Kevin Warsh, the Fed chair nominee forged by the 2008 financial crisis

[FT] Donald Trump preparing to nominate Kevin Warsh for Federal Reserve chair

[FT] Arise, shadow Fed chair Stan Druckenmiller

[FT] What FT commentators think of Kevin Warsh as Fed chair

[FT] Kevin Warsh will pivot Fed to conviction economics

[FT] Hedge funds’ correlation with stocks sparks fears over lack of crash protection

[FT] Emerging markets make roaring start to 2026 as dollar slides

[FT] Donald Trump warns Keir Starmer against closer business ties with China

[FT] The meaning of Xi’s military purge

Thursday Evening Links

[CNBC] S&P 500 futures slip after index posts second losing day: Live updates

[CNBC] Trump says he will announce a replacement for Powell as Fed chair Friday morning

[CNBC] Trump, two sons, Trump Org sue IRS, Treasury for $10 billion over tax records leak

[AP] Democrats, White House strike spending deal that would avert government shutdown

[Reuters] US Treasury strengthens currency monitoring criteria, but finds no manipulation

[Reuters] Amazon in talks to invest as much as $50 billion in OpenAI, source says

[Bloomberg] Trump Threatens Tariffs on Countries That Provide Oil to Cuba

[Bloomberg] Pimco President Says Private Credit Buyers Are ‘Blind’ to Risks

[Bloomberg] Nintendo Switch 2’s Strength Threatened by Memory ‘Horror Show’

[WSJ] Apple Posts Blowout iPhone Sales, but Investors Focus on Higher Costs

[WSJ] The Fed Chief Takes the High Road

[WSJ] Lenders and the First Brands Fraud Charges

[WSJ] Carney Calls on White House to Respect Canadian Sovereignty Over Alberta

Thursday Afternoon Links

[CNBC] S&P 500 falls as Microsoft dives 12%, software stocks tumble: Live updates

[AP] Democrats block government funding package in Senate as negotiations continue to avert a shutdown

[Yahoo/Reuters] US factory orders rebound in November on commercial aircraft demand

[Yahoo/Telegraph] ‘Shadow banks’ quizzed over meltdown threat from hidden losses

[Bloomberg] US High-Grade Bond Sales Top $200 Billion in Record Yearly Start

[Bloomberg] Wall Street Braces for AI Bond Binge as Complacency Fears Mount

[Bloomberg] Microsoft Heads for Worst Market Loss Since DeepSeek Hit Nvidia

[Bloomberg] Half of Americans at High Risk of Power Shortfalls Amid AI Boom

[Bloomberg] Texas Data Centers, Crypto Miners Reduced Power Use During Storm

[Bloomberg] Blue Owl Investors Pull 15% of Assets From Tech-Focused Fund

[WSJ] Trump Says Deal Is Close With Democrats to Avert Shutdown

[WSJ] How a BlackRock Loss Reignited Worries About What Is Hiding in Private Credit

[FT] Microsoft sheds $430bn in market value as AI spending spooks investors

[FT] Norway’s $2tn fund stress tests hits from climate shocks to AI correction