Thursday's News Links

[CNBC] S&P 500 higher after more encouraging inflation data; Cisco weighs on Nasdaq: Live updates

[CNBC] Oil prices drop as investors weigh falling demand against Middle East tensions

[Yahoo/Bloomberg] Korean Stocks Rise 22% in 10 Days as Chip Rally Regains Steam

[Reuters] Asian stocks rise as US inflation data dents September Fed hike bets

[Yahoo/Bloomberg] US Set to Pay Most for 30-Year Debt in Quarter of a Century

[CNBC] Wholesale prices were flat in July, below expectations for 0.2% increase

[AP] US unemployment claims rise but remain at healthy level

[Reuters] Fed should raise rates to restrain growth and inflation, Hammack says

[Reuters] Iran, US make competing claims over control of Strait of Hormuz

[AP] Iran-backed Houthi rebels clash with Yemeni government forces and other Mideast developments

[CNBC] ‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows

[Yahoo/Bloomberg] Big Tech Drives Up Credit Risk for Safe Firms With No AI Links

[AP] Ukraine’s drones hit a major Russian refinery 800 miles from the border, sparking a fire

[Politico] ‘Absolutely unacceptable’: Putin enrages Japan with trip to disputed island

[MSN/WP] Record El Nino to Give Earth a Preview of its Warmer Future

[Bloomberg] Fed’s Hammack Questions Whether US Inflation Will Keep Slowing

[Bloomberg] For the Oil Market, the Strait of Hormuz Isn’t Closed

[Bloomberg] Manhattan Rents Hit $5,000 Record While Listings All But Vanish

[Bloomberg] Japan’s Producer Price Gains Stay High as BOJ Mulls Rate Path

[Bloomberg] Housing Market Jitters Grip Australia Banks on Cautious Outlook

[Bloomberg] Low Danube Forces Full Halt of Romania’s Sole Nuclear Plant

[NYT] Russian Strikes on Dozens of Grain Ships Threaten Global Food Supplies

[WSJ] U.S. and Ukrainian Forces Went Head-to-Head in an Exercise. Ukraine’s Drones Won.

[WSJ] Taiwan Weaponizes Coast Guard to Prepare for Battle With China

[FT] The hyperscalers’ exploding ‘purchase commitments’ reach $1.5tn

[FT] US race to compete with China on lithium runs into water battles

Wednesday Evening Links

[CNBC] Stock futures are little changed as traders await more inflation data: Live updates

[CNBC] Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubt

[Bloomberg] Trump Reverts to Economic Squeeze of ‘Entrenched’ Iranian Regime

[Bloomberg] US Regulator Denies Egan-Jones Bid to Expand Ratings Business

[NYT] Treasury Scales Back Scrutiny of U.S. Shell Companies

[WSJ] Zhu Rongji, and What China Might Have Been

[FT] Wall Street giants bet Nvidia’s AI chips will defy the laws of finance

Wednesday Afternoon Links

[Reuters] Strong AI earnings lift S&P 500, Nasdaq as inflation data calms rate-hike jitters

[Reuters] Oil dips on demand forecasts, global equities gain

[Reuters] US July deficit tops $432 billion as outlays grow, tariff receipts stay negative

[Axios] Inflation relief's staying power is in question

[Axios] Diesel desperation is mounting globally

[Reuters] Huge oil slick hitting Oman's shoreline as agencies warn of disaster

[WSJ] Trump Says Hormuz Is Under U.S. Control. Few Ships Are Listening.

[WSJ] In-Line Inflation Reading Buys the Fed More Time to Defend Its Forecast

[WSJ] War Is Squeezing Another Global Chokepoint: The Black Sea