Friday's News Links

[CNBC] Dow jumps after Supreme Court knocks down Trump’s emergency tariffs: Live updates

[Yahoo/Bloomberg] Oil Steadies Near Six-Month High as Trump Sets Iran Deadline

[Axios] Supreme Court says Trump global tariffs are illegal

[Reuters] US Supreme Court rejects Trump's global tariffs

[CNBC] Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate

[Axios] U.S. economy slows to 1.4% GDP growth in Q4

[AP] Inflation rose more quickly than expected in December

[Yahoo/Reuters] US PCE inflation heats up in December

[CNBC] ‘Canary in the coal mine’: Blue Owl liquidity curbs fuel fears about private credit bubble

[Axios] Trump's tariffs near their fate before the Supreme Court

[CNBC] The bond market’s ‘quiet stabilizer’ is fading — and U.S. Treasurys face the most risk

[Reuters] Companies rethink IPOs in 2026 as market volatility tests valuations

[Yahoo/WSJ] Eurozone Business Activity Picks Up Faster Than Expected

[Reuters] Iran's Khamenei faces gravest crisis of his rule as US strike force gathers

[Bloomberg] Blue Owl Closed a Gate. Yes, That's a Red Flag

[Bloomberg] Goldman Raises US High-Grade Debt Sales View to $2.1 Trillion

[Bloomberg] This AI Electricity Stopgap Needs a Big Caveat

[Bloomberg] Big Tech’s Soaring Spending on AI Is Eating Into Stock Buybacks

[Bloomberg] How Jerome Powell Is Trump-Proofing the Fed

[Bloomberg] EM Stocks, Currencies Decline as Iran Tensions Build, Oil Spikes

[Bloomberg] BofA Says US Stocks Draw Lowest Share of Global Flows Since 2020

[Bloomberg] Trump Iran Ultimatum Sets Up Attacks Following IAEA Meeting

[Bloomberg] US, China Jets Briefly Face Off Near Korea, Yonhap Says

[Bloomberg] China Snaps Up Distressed Russian Oil Cargoes Shunned by India

[NYT] Blue Owl Sets Off New Private Credit Fears

[NYT] Is This Private Credit’s ‘Canary in the Coal Mine’?

[NYT] Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So.

[NYT] 11 Million Visitors Short: Inside America’s Continuing Tourism Slump

[WSJ] Fed’s Preferred Gauge Shows Accelerating December Inflation Trends

[FT] The ‘incredibly significant’ US military forces surrounding Iran

[FT] Tett: Reasons to worry about America’s investment position with the rest of the world

[FT] Nvidia and OpenAI abandon unfinished $100bn deal in favour of $30bn investment

Thursday Evening Links

[CNBC] Stock futures are little changed ahead of key economic data, possible tariff court ruling: Live updates

[AP] Trump warns of ‘bad things’ if Iran doesn’t make a deal, as second US carrier nears Mideast

[Yahoo/Bloomberg] US Amasses Forces as Trump Says Iran Has Just Days for Deal

[Reuters] Iran tells UN chief it will respond 'decisively' if subjected to military aggression

[Yahoo/Bloomberg] Trump’s Power to Sue US Challenged in $10 Billion IRS Case

[Axios] As prices rise, corporate America braces for the blame

[Bloomberg] Blue Owl’s Woes Expose Private Credit Risks for Retail Investors

[Bloomberg] How Private Equity Debt Left a Leading VPN Open to Chinese Hackers

[Bloomberg] China’s Drone Exports to Russia Use a New Route Through Thailand

[NYT] How Trump Is Upending Who Can Be a Guest on Late-Night TV

[WSJ] Trump Weighs Initial Limited Strike to Force Iran Into Nuclear Deal

[WSJ] The Embarrassing Truth About Tariffs

[WSJ] The Beef Industry Has a Message for Consumers: Get Used to High Prices

[FT] Why Iran is betting on war

[FT] Top Fed official says White House is escalating its assault on central bank

[FT] Private credit stocks slide after Blue Owl halts redemptions at fund

[FT] Klarna stock sinks 27% after bad loan costs soar

Thursday Afternoon Links

[CNBC] Stocks slide as traders assess potential Iran conflict: Live updates

[Yahoo/Bloomberg] Oil Rises to Highest Since August on Iran Conflict Concerns

[Yahoo/Bloomberg] Blue Owl Drops as Redemption Halt Stirs Private Credit Concern

[Yahoo/Telegraph] Shadow banking giant blocks investors from withdrawing cash

[Yahoo/Bloomberg] Kashkari Rips Hassett Criticism of NY Fed Tariff Analysis

[Yahoo Finance] Minneapolis Fed's Kashkari: 'We're pretty close to neutral' on rates

[Yahoo/Bloomberg] AI Seen Driving US Convertible Bond Sales to Another Banner Year

[Bloomberg] Fed’s Kashkari Said What Needed to Be Said

[Bloomberg] Asset Manager Shares Plunge as Blue Owl Curbs Fund Redemptions