Thursday's News Links

[CNBC] Dow retakes 50,000 as Cisco jumps, Boeing gains: Live updates

[Yahoo/Bloomberg] Oil Steadies After Trump-Xi Talks as Iran War Remains in Limbo

[Yahoo/Bloomberg] Japan’s Long-Dated Bonds Slump as Global Rout Adds Pressure

[Reuters] Investors gird for high US Treasury yields as new Fed Chair Warsh battles inflation

[AP] Retail sales up 0.5% in April from March as higher gas prices leave less room for nonessential items

[AP] US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast

[AP] Trump offers platitudes while Xi warns of coming confrontation during China summit

[AP] China’s Xi warns Trump that differences over Taiwan could lead to conflict

[AP] Trump has fanfare-filled meeting with Xi in China, but major breakthroughs may be elusive

[CNBC] Xi asks Trump if U.S. and China can avoid ‘Thucydides Trap’ at high-stakes summit

[Yahoo/Bloomberg] What Is The Thucydides Trap and Why Did Xi Raise It With Trump?

[Reuters] Iran war overshadows Trump's China visit as peace talks stall

[Reuters] Trump wants China's help on Iran. Beijing may have other ideas

[Reuters] New attacks hit ships near Hormuz as Trump discusses Iran with Xi

[AP] Ship is reported seized off the coast of the UAE and is heading toward Iran

[Axios] The energy squeeze behind the Iran war and AI boom

[Reuters] Iran, Ukraine wars deliver worst hit in years to oil refining output

[Axios] Trump's killer quote exposes his bind on Iran and inflation

[Yahoo/Bloomberg] AI Bond Binge Overwhelms Wall Street, Pushes Alphabet Abroad

[Reuters] BOJ board member Masu calls for early rate hike, joins hawkish chorus

[Reuters] TSMC says global chip market to hit $1.5 trillion by 2030 as AI drives growth

[Reuters] Russia pounds Ukraine in heaviest wartime drone attack over two days

[Yahoo/Bloomberg] Kushner Disappoints Mideast Clients Who Spent Millions Seeking Sway

[Bloomberg] Xi’s Threat to Trump Cements Taiwan as Top Risk to US-China Ties

[Bloomberg] Trump Tells Xi US-China Relations Will Be ‘Better Than Ever’

[Bloomberg] Why the Bond Market Looms So Large Over British Politics

[Bloomberg] China Credit Growth Misses Expectations as New Loans Shrink

[Bloomberg] Stavridis: Trump’s Troop Drawdown in Germany Is a Warning Shot

[Bloomberg] Amazon’s AI Success Sends Stock Racing Toward $3 Trillion Club

[Bloomberg] BOJ’s Masu Says Rate Hike Desirable at ‘Earliest Stage Possible’

[Bloomberg] World’s Biggest Stock Rally Ignites Speculative Mania in Korea

[Bloomberg] El Niño Odds Rise as Storm and Crop Threats Intensify Globally

[WSJ] Trump and Xi Begin Superpowers’ Summit on Trade and War

[WSJ] Xi’s Taiwan Warning to Trump Highlights Tensions in Beijing Summit

[WSJ] How Eight Tumultuous Years Pushed Jerome Powell and the Fed to the Limit

[WSJ] Hedge Funds Are Making a Killing in the ‘Golden Age’ of AI Hardware

[WSJ] China’s Best and Brightest Tech Talent Is Going Back to China

[FT] US-China relations depend on Taiwan, Xi Jinping warns Donald Trump

[FT] What Xi Jinping and Donald Trump want from their Beijing summit

[FT] AI desperately needs more adult supervision

[FT] Swap lines are geopolitical infrastructure

Wednesday Evening Links

[CNBC] S&P 500 futures are little changed after tech-driven rally leads index to new record: Live updates

[CNBC] Mortgage rates jump to highest level since March on hotter inflation reports

[AP] Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell

[AP] Who is Fed chair nominee Kevin Warsh?

[Bloomberg] Volatility Hedge Fund QVR to Close After Losing 30% This Year

[NYT] What to Watch at the High-Stakes U.S.-China Summit

[NYT] What the New Head of the Federal Reserve Will Inherit

[WSJ] Warsh Confirmed as Fed Chair in Narrowest Margin Since 1977

[WSJ] Boston Fed’s Collins Flags Rate-Hike Scenario as Inflation Risks Tilt Higher

Wednesday Afternoon Links

[CNBC] S&P 500 hits another record driven by tech alone as most stocks decline on the day: Live updates 

[Yahoo/Bloomberg] Bond Investors Flee as Inflation Worry Sends Yields to 2026 High

[Yahoo Finance] 10-year Treasury yield rises to highest level in 10 months on hotter-than-expected inflation data

[Yahoo/Bloomberg] Oil Holds Steady on Mideast Impasse and Shrinking Inventories

[Yahoo/Bloomberg] Copper Nears Record High on Tight Global Supply; Aluminum Surges

[Axios] The U.S. inflation problem is getting worse

[AP] US and China seek to repair damage from tariff war that sent trade into a freefall

[Reuters] Fed's Kashkari says labor market looking better, inflation worse

[Reuters] To dot or not? Warsh's first Fed rate projection could out his views to the public - and Trump

[Yahoo/Telegraph] French unemployment hits five-year high with 2.6 million out of work

[Bloomberg] Treasury Buyers Get 5% Long-Bond Rate for First Time Since 2007

[Bloomberg] Hormuz Oil Flows Fell Nearly 30% Last Quarter, EIA Says

[Bloomberg] Fed Survey Shows More Job Anxiety, Widespread Price Concerns

[Bloomberg] PE-Owned Insurers Boosting Private Credit Holdings, Study Finds

[Bloomberg] Apollo Has a New Vehicle to Bundle Debt That Echoes CDOs of Old

[NYT] An Uncertain World Awaits the Reopening of the Strait of Hormuz

[NYT] Why the Bombing of Iran Tied the U.S. More Closely to China

[NYT] Perfect Timing, Big Payouts: Insider Trading Red Flags Emerge on Polymarket

[WSJ] Fed’s Collins Says She Could Envision the Need for Rate Hikes

[WSJ] Anthropic Was Behind. Now It’s the AI Boom’s Front-Runner.

[FT] Former SEC chair Jay Clayton says he does ‘not see excess leverage’ in private credit