Monday's News Links

[Reuters] Stocks sag, dollar firms as US-Iran talks hit stalemate

[CNBC] Brent oil tops $103 after Trump dismisses Iran’s peace proposal response

[Yahoo/Bloomberg] Oil Climbs as Hormuz Stays Shut After Trump Rebuffs Iran’s Offer

[CNBC] Treasury yields move higher as Middle East peace talks falter

[Yahoo/Bloomberg] Retail Floods Into ‘Silly’ Chipmaker Rally as Moves Get Extreme

[AP] Live updates: Trump rejects Iran’s latest response to ceasefire proposal ahead of his trip to China

[AP] Iran war ceasefire grows increasingly shaky after Trump rejects Tehran’s latest proposal

[Yahoo/Bloomberg] US, Iran Far Apart in Talks to End War and Reopen Hormuz

[CNBC] Iran says it will ‘never bow’ as Trump rejects peace counteroffer, prolonging Middle East conflict

[CNBC] April home sales disappoint as higher mortgage rates weigh on buyers

[Axios] Trump's legacy week

[Yahoo/Bloomberg] Oil Market in ‘Race Against Time’ on Hormuz, Morgan Stanley Says

[AP] Young Americans’ job market optimism falls as older adults stay upbeat, new Gallup poll finds

[Bloomberg] Private Credit Trades Between Friendly Funds Are Too Dicey

[Bloomberg] KKR Injects $300 Million Into Struggling Private Credit Fund

[Bloomberg] China Warns of Imported Inflation Risk as Oil Prices Increase

[Bloomberg] China’s Factory Inflation Hits Post-Covid High After Cost Shock

[Bloomberg] Hackers Used AI to Build Zero-Day Attack, Google Researchers Say

[Bloomberg] Race for Critical Minerals Leaves EU Struggling to Keep Up

[NYT] As Trump Heads to Beijing, China Is ‘Locked and Loaded’ for a Fight

[WSJ] The Two Major Decisions Trump Faces on the World Stage This Week

[WSJ] KKR Private-Credit Fund Takes $560 Million Loss

[WSJ] Private Credit’s Hot Streak Is Over

[WSJ] Think $6 Gas Is Bad? It’s About to Get Even Worse in California

[WSJ] Xi’s China: Dazzling Technology, Military Muscle—and an Economic Mess

[WSJ] China Exports More EVs Than Traditional Cars for First Time in April

[WSJ] India Asks Locals to Pause Gold Buying in Bid to Shore Up FX Defenses

[FT] Why are oil prices not higher?

[FT] A weakened Trump arrives at Xi’s court

[FT] How AI mania is disguising big companies’ hit from Iran war — in charts

[FT] How does Jane Street’s trading haul stack up against the hedge fund elite?

[FT] China fixes currency at 3-year high ahead of Trump-Xi meeting

Sunday Evening Links

[CNBC] Stock futures slide as investors monitor the latest Iran war negotiations: Live updates

[Yahoo/Bloomberg] Oil Jumps After Trump Says Iran’s Peace Offer ‘Unacceptable’

[Yahoo/Bloomberg] Bond Traders Brace for Inflation Data as Fed’s Powell Era Ends

[AP] Iran responds to US ceasefire proposal but Trump rejects it as ‘unacceptable’

[Axios] Trump to Axios: "I don't like" Iran's peace plan response

[Yahoo/Bloomberg] Trump Says Iran Peace Proposal Response ‘Totally Unacceptable’

[Yahoo/Bloomberg] Iran Makes New Offer on Uranium in Response to US, WSJ Says

[CNBC] Netanyahu says Iran war is ‘not over’ as Trump rejects latest Iranian offer

[Reuters] Trump and China's Xi set for talks spanning Iran, nuclear, trade and AI

[Yahoo/Bloomberg] Pimco CIO Sees Risk of Fed Hiking Rates Due to Iran War, FT Says

[Axios] Trump official opens door to gas tax suspension

[WSJ] Higher Gas Prices Are Seeping Into the Produce Aisle

[WSJ] Iran’s Supreme Leader Is MIA, Just When Negotiators Need Him Most

[WSJ] The Stakes of the Trump-Xi Summit

[WSJ] Is Ukraine Turning the Russian Tide?

Sunday's News Links

[Yahoo Finance] Trump goes to China, inflation comes to America: What to watch this week

[Reuters] Iran says it has sent response to US peace proposal

[AP] Iran war ceasefire tested as cargo ship catches fire and Kuwait and UAE repel drone attacks

[Reuters] US, Iran no closer to ending war as Qatari tanker sails toward Strait of Hormuz

[AP] Iran war could make Trump’s trip to China a bit chillier than his first-term visit

[Politico] State escalates trade row with China over Iran war ahead of Trump-Xi summit

[Reuters] Trump's feuds, tensions with allies likely to outlast Iran war

[Yahoo/Bloomberg] AI Wins Have Alphabet Poised to Become World’s Biggest Company

[Reuters] Putin says he thinks Russia-Ukraine war is coming to an end

[Bloomberg] Iran Submitted Response to US Peace Plan Proposal, IRNA Reports

[Bloomberg] This Trump-Xi Summit Will Actually Matter

[Bloomberg] Banks Win More Business as Private Debt Shrinks

[NYT] Strait of Hormuz Remains Effectively Blocked After Naval Skirmishes

[NYT] Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

[WSJ] Iran War Puts the World’s Most Used Chemical in Short Supply

[WSJ] The Chip-Stock Juggernaut Shows No Signs of Slowing Down

[FT] US imposes sanctions on Chinese companies for allegedly helping Iran

[FT] Iran war could prompt Federal Reserve to raise rates, Pimco says