Thursday's News Links

[CNBC] Nasdaq rises led by chip stocks; traders assess U.S.-Iran tensions: Live updates

[Yahoo/Bloomberg] Hormuz Traffic Grinds to a Near Halt as Ceasefire Under Threat

[AP] New attacks raise questions about what comes next in the Iran war

[AP] US launches new airstrikes on Iran and Tehran fires back at Gulf Arab states

[Yahoo/Bloomberg] US, Iran Trade Attacks for Second Day, Testing Fragile Ceasefire

[Axios] With Iran ceasefire "over," Trump shifts to battle for Hormuz

[Yahoo/Reuters] US weekly jobless claims fall amid stable labor market conditions

[AP] US home prices hit an all-time high as sales slow and mortgage rates rise

[Reuters] Back-to-School spending to dip 6% amid economic worries, Deloitte forecasts

[Axios] Behind the Curtain: Three big AI trends collide

[Reuters] SK Hynix's US listing more than seven times oversubscribed, source says

[Reuters] Taiwan central bank chief warns of AI bubble risk

[Reuters] Japan benchmark bond yield hits 30-year high on inflation, fiscal health concerns

[Reuters] Japan bond market signals waning faith in inflation, government's fiscal management

[Reuters] China's producer inflation jumps to 4-year high, squeezing manufacturers

[Yahoo/Bloomberg] China Consumer Inflation Surprises by Slowing More Than Forecast

[AP] Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze

[Reuters] Putin likely to escalate Ukraine war, despite Trump peace push, sources say

[Reuters] Western Europe records hottest June on record, EU scientists say

[Bloomberg] El Niño Likely Strongest Seen in 75 Years, US Forecasters Say

[Bloomberg] Micron Boosts US Spending to $250 Billion Amid Memory Demand

[Bloomberg] Magnificent Seven’s Weakness Is Starting to Become a Problem for Wall Street

[Bloomberg] Governments Must Fix Their Debt Messes Before It's Too Late

[Bloomberg] Trump Says Troop Levels in Europe Will Depend on Greenland, Iran

[Bloomberg] BOJ May Push Policy Rate Beyond 2% This Cycle, Ex-Official Says

[Bloomberg] Europe’s Expanding Heat Wave Tests Power Grids and Fire Defenses

[WSJ] U.S., Iran Trade Fire in Largest Escalation Since Peace Deal

[WSJ] Inside Trump’s Oval Office Decision to Ditch the Iran Ceasefire

[WSJ] The Global Oil Market Isn’t Ready for the Iran Ceasefire to End

[WSJ] An Impending IPO Boom Has Sparked FOMO Among San Francisco Home Buyers

[FT] US strikes Iranian railway bridges on route to city of Khamenei’s burial

[FT] Ghost of 1997 financial crisis still haunts world’s best-performing stock market

[FT] Chinese companies use rare earths ban to squeeze out foreign rivals

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Wednesday Evening Links

[CNBC] S&P 500 futures are little changed as traders assess rising tensions between the U.S. and Iran: Live updates

[Yahoo/Reuters] Oil settles at multi-week high as US-Iran truce buckles under fresh hostilities

[AP] US carries out another round of strikes on Iran after Trump says ceasefire is over

[Yahoo/Bloomberg] US Military Launches Strikes on Iran for Second Straight Day

[AP] Fed minutes: Officials deeply divided over future path of US inflation

[Yahoo/Reuters] Fed policymakers' inflation concerns grew at June meeting, minutes show

[Bloomberg] US Consumer Borrowing Unexpectedly Drops by Most Since 2024

[NYT] A Few Officials Signaled Support for Higher Rates at Warsh’s First Meeting

[NYT] As Iran Cease-Fire Frays, Trump Faces a Muddled War and Unpalatable Options

[WSJ] Fed Officials Flagged Risks That Would Warrant Higher Rates

[WSJ] Five Takeaways From the NATO Summit

[FT] Some Fed officials saw need for future rate rises to contain inflation

[FT] Warsh’s minute minutes

Wednesday Afternoon Links

[Yahoo/Reuters] Stocks, bonds retreat after Trump says Iran MOU 'is over' 

[Yahoo/Reuters] Oil prices jump 6% as US-Iran truce buckles under fresh hostilities

[AP] Trump warns Iran that US is preparing for more strikes after saying ceasefire is over

[Axios] Trump's Iran deal goes from "unconditional surrender" to "over"

[Yahoo/Bloomberg] Shipowners Wrestle With Hormuz Risks as US-Iran Deal Crumbles

[Axios] Trump's NATO trouble tour

[AP] Trump says US will give Ukraine license to produce Patriot defense systems

[Bloomberg] BofA Saw OpenAI as Too Risky, But Now The Bank Wants to Cash In on IPO

[NYT] Let’s Make a Deal: My San Francisco House for Your A.I. Stock

[WSJ] America’s Support for Capitalism Has Declined Over Last Decade

[FT] Russia bans diesel exports in fuel crunch