Friday's News Links

[CNBC] Stocks rise on strong jobs report and Iran deal hopes, S&P 500 heads for 6th winning week in a row: Live updates

[Reuters] Brent hovers around $100 on renewed Gulf clashes as AI pushes Asian stocks to stellar weekly rise

[Yahoo/Bloomberg] Oil Set for Weekly Drop as Trump Sticks to Ceasefire After Clash

[Yahoo/Bloomberg] Gold Rises as Buying Interest Counters Concern Over Hormuz Clash

[CNBC] U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3%

[Reuters] US expects Iranian response to peace proposal on Friday, fighting flares in Gulf

[Yahoo/Bloomberg] Iran, US Involved in Hormuz Clashes With Deal Response Awaited

[AP] UAE reports drone and missile attack as Iran war ceasefire is challenged

[Yahoo/Bloomberg] US Fires on Iranian Targets as Trump Demands Deal From Tehran

[Yahoo/Bloomberg] Food Prices Rise to Highest in Three Years on Iran War Costs

[Yahoo/LAT] Ships are paying millions more for fuel at L.A., Long Beach ports. The costs won't stay there

[Yahoo/Bloomberg] Iran Turns to China Rail Link to Try to Bypass US Blockade

[CNBC] Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths

[Yahoo/Reuters] Anthropic weighs fundraising for near $1 trillion valuation, FT reports

[Reuters] Global perceptions of US fall below Russia under Trump, survey finds

[Politico] Fertilizer time bomb threatens to drive up Europe’s food prices

[Bloomberg] Private Credit Bets From Some Life Insurers Shock One CEO

[Bloomberg] Fed Data Suggest Japan Sold Treasuries When Intervening in Yen

[NYT] China Sees a ‘Giant With a Limp’ as U.S. Drains Weapons on Iran War

[NYT] How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps

[WSJ] AI Is Distorting Practically Everything About the Economy

[WSJ] IMF Warns That Evolving AI Threat Could Upend Financial Markets

[WSJ] How Anthropic’s Mythos Threw the White House AI Strategy Into Chaos

[FT] Donald Trump’s 10% global tariff ruled illegal by US court

[FT] Tett: The jury is still out on AI in finance

[FT] Big Tech’s $725bn AI spending spree sends free cash flow to a decade low

[FT] Warming seas are brewing extreme weather in months ahead, scientists forecast

Thursday Evening Links

[CNBC] Stock futures slip as traders eye rising U.S.-Iran tensions; April jobs report looms: Live updates

[Bloomberg] Oil Jumps Following Fresh Clashes Between US and Iranian Forces

[Axios] Iran and U.S. exchange fire in Strait of Hormuz

[AP] US military says it intercepted Iranian attacks on 3 Navy ships in Strait of Hormuz

[Reuters] New fighting breaks out between US, Iran, throwing ceasefire into doubt

[Bloomberg] Trump’s Latest 10% Tariffs Declared Unlawful by US Trade Court

[Bloomberg] Trump Gives EU Until July 4 to Ink Deal, Extending Deadline

[Bloomberg] US Consumer Borrowing Increased in March by Most Since 2022

[Bloomberg] Money-Market Assets Notch Biggest Weekly Jump Since April 2020

[Bloomberg] Bessent Meets Insurance Regulators to Discuss Private Credit

[Bloomberg] Ray Dalio Says US Is Entering Period of ‘Great Turbulence’

[FT] ‘Blissful ignorance’: Milken elite bask in glow of roaring markets

Thursday Afternoon Links

[CNBC] S&P 500 pulls back from record as oil prices gain momentum: Live updates

[Yahoo/Bloomberg] Oil Steadies as US and Iran Weigh Deal to Reopen Hormuz

[AP] Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US

[Axios] Why an AI productivity boom could justify higher rates

[Reuters] US construction spending rebounds in March

[Yahoo Finance] Fed's Hammack looks to hold rates for 'quite some time' amid Iran conflict and uncertainty

[Yahoo/Bloomberg] Fed’s Collins Favored Changing FOMC Statement With Dissenters

[MSN/WP] US Intelligence Says Iran Can Outlast Trump's Hormuz Blockade for Months

[NYT] As U.S. Debt Hits a Worrying Milestone, Washington Barely Notices

[NYT] Stocks Are Exuberant. Bonds Are Subdued. Why the Divergence?

[WSJ] Saudi Arabia, Kuwait Lift Curbs on U.S. Military Access to Bases, Airspace

[WSJ] America’s Slightly-Better-Than-Usual Job Market

[FT] Trump halted ‘Project Freedom’ after Saudi Arabia withheld support

[FT] IMF warns new AI models risk ‘systemic’ shock to finance

[FT] Wall Street rebound driven by smallest number of stocks on record