Thursday's News Links

[CNBC] Stock rise as falling Treasury yields signal less pressure on Fed to hike rates: Live updates

[Yahoo/Reuters] Oil prices hit fresh 6-week highs on renewed Middle East tensions

[Yahoo/Reuters] Yen rallies sharply as markets raise bets on Bank of Japan rate hikes

[Yahoo/Bloomberg] US Diesel Hits Four-Year High as Wars Strain Global Supplies

[AP] Iran fires on its Gulf neighbors, retaliating for US strikes after a wedding was hit

[AP] Unemployment claims tick up to 206,000 but remain at historically low levels

[CNBC] Fed Governor Waller indicates he will support holding rates steady at September meeting

[Axios] Markets can't ignore the war anymore

[Reuters] Texas Republicans turn against data centers, putting big tech on notice

[Yahoo/Reuters] UK economy gathers pace but cost pressures intensify, PMI shows

[Yahoo/Reuters] Swiss economy grows at fastest rate in nearly five years

[Yahoo/Reuters] China services activity quickens on stronger domestic demand, private PMI shows

[Reuters] S&P Global Ratings warns of risks from China's generous credit ratings 

[Yahoo/Reuters] Japan services growth hits five-month high, PMI shows

[Reuters] 'Supersized' El Niño may become strongest ever recorded, UN says

[Bloomberg] US Trade Gap Widens to Largest Since Early 2025 on AI Push

[Bloomberg] US Job-Cut Announcements So Far in 2026 Are at a Four-Year Low

[Bloomberg] Fewer Americans are Working or Looking for a Job. Experts Can’t Agree on Why

[Bloomberg] World’s Unusually High Dollar Exposure Risks Fueling Selloff

[Bloomberg] America’s Population of 401(k) Millionaires Keeps Growing, Buoyed by Markets

[Bloomberg] Carry Trade Funding May Shift to Yuan From Yen, BBVA Says

[NYT] Rate Rise in Play as Fed Officials Await Inflation Data

[NYT] Nvidia Extends A.I. Spending Spree With $12.9 Billion Deal for Hugging Face

[NYT] A Spiral of Escalation for Russia and Ukraine, With No End in Sight

[WSJ] There Are Four Forces Pressuring Bonds: War Is No. 1

[WSJ] Canada Doesn’t Want to Be the Next Venezuela

[WSJ] Longer Middle East Deployments Strain U.S. Forces as Iran Conflict Drags On

[WSJ] Chinese Warships Are Cruising Too Close for Comfort Off Japan’s Shores

[FT] Gold’s run isn’t yet done

[FT] Yen surges as traders bet on Japan interest rate rises

Wednesday Evening Links

[CNBC] Stock futures are little changed after major averages snap three-day losing streaks: Live updates

[Yahoo/Reuters] Oil settles 1% higher, as US-Iran strikes threaten supplies

[Yahoo/Reuters] Yen gains sharply, dollar eases from two-week high

[AP] Iran fires on its Gulf neighbors, retaliating for US strikes after a wedding was hit

[Yahoo/Bloomberg] Trump Says Iran Strikes to Be Short, Asserts Hormuz Control

[Bloomberg] Fed’s Beige Book Shows Economic Activity Up Modestly

[Bloomberg] This Global Bond Rout Has a Surprise Winner

[Bloomberg] A Data Center Revolt By Historic Battlefield Is Now a Blueprint for Backlash

[WSJ] Why Washington’s ‘Economic D-Day’ Against Iran Faces Steep Odds

[FT] JPMorgan curbed lending to Jane Street as trading firm muscled into bond market

[FT] Pentagon chaos deepens after Dan Driscoll quits in clash with Pete Hegseth

Wednesday Afternoon Links

[AP] Stocks rise on Wall Street as oil prices, bond yields hold relatively steady

[Yahoo/Reuters] Yen gains sharply, dollar eases from two-week high

[Reuters] Rise in US factory orders beats expectations in July

[Reuters] US private credit firms mark down more loans 

[Axios] Trump's Canada antagonism vexes Americans

[Bloomberg] Fed Chairman Warsh Lays Out His Own Data Dashboard for Reading the US Economy

[Bloomberg] Mark Walter’s Insurers Borrowed From Home Loan Bank While Lending to Affiliates

[Bloomberg] Bessent Leaves BOJ in No-Win Situation Over Japan Rate Hikes

[NYT] Trump Returns to a Familiar Playbook as the War With Iran Flares Up Again

[NYT] The Logistics Nightmare Facing U.S. Warships

[WSJ] Borrowing Isn’t the Bond Market’s Only Concern—Growth Is Too