Tuesday's News Links

[CNBC] Stocks fall after 10-year Treasury yield touches 19-year high: Live updates

[CNBC] 10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise

[Reuters] Stocks slightly lower after selloff, global yields hit fresh highs

[Reuters] Oil prices edge higher as attacks, pipeline outage deepen Saudi supply concerns

[Yahoo/Reuters] Global bond yields hit 2008 highs, raising stakes for big borrowers

[CNBC] Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets

[Reuters] Houthis strike Saudi targets anew as talks over Strait of Hormuz stall

[AP] Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow

[AP] Houthi official says Saudi airstrikes leave 3 dead, and other Mideast developments

[Axios] Scoop: U.S. attacked Iranian boats trying to seize Navy drone

[CNBC] Weapon shortfalls, ‘hundreds’ of buildings and aircraft damaged, $33.4 billion spent: the U.S. government tallies costs of the Iran war

[AP] Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands

[Yahoo/Bloomberg] US Yield Surge Adds to Bessent’s Grow-Our-Way-Out Debt Challenge

[Yahoo/Bloomberg] BofA Says Risk of Disorderly Bond Move Trims Excess Bullishness

[Reuters] Australia 'on the same page' as Canada as it seeks deeper EU alliance, minister says

[Yahoo/Reuters] China's factories rev up but slower consumption highlights deepening economic imbalances

[CNBC] China’s August retail sales miss forecast while investment slump deepens, piling pressure on Beijing

[Reuters] Russia and Ukraine press on with energy strikes despite Trump

[Reuters] Half of Russia's top diesel-producing refineries cut back output after drone strikes

[Bloomberg] Emerging Currencies Extend Losses as Bond Market Stress Builds

[Bloomberg] Dudley: The Rationale for Raising Rates Is Crystal Clear

[Bloomberg] KKR Private High-Grade Debt Deals Surge to $80 Billion This Year

[Bloomberg] Trump Has Made More Trades Than All of Congress Combined

[Bloomberg] China Home Price Slump Persists as Focus Turns to Support

[NYT] Gulf Arab States Explore New Options as U.S. Bases Fail to Deter Iran

[NYT] Warsh Set for Showdown With Trump as Fed Faces Pressure to Raise Rates

[NYT] Architects of Japan’s Easy-Money Policies Are Changing Their Minds

[WSJ] Warsh’s Arrival Ended Trump’s War With the Fed. A Rate Hike Would Test the Truce.

[WSJ] Hedge Funds Are the Wild Card in the Turbulent Bond Market

[WSJ] The Lightning Offensive That Saw the Houthis Grab a Crucial Oil Corridor

[WSJ] U.S. Diesel Prices Hit New Record High as Fuel Squeeze Bites

[WSJ] The Stagnant Housing Market Is About to Face a 7% Mortgage

[WSJ] Bank of Japan Set to Deliver Fastest Hike of Cycle as Pressure Mounts

[WSJ] See Why This Year’s El Niño Is Expected to Be the Most Powerful Yet

[FT] Kevin Warsh needs to walk the walk

[FT] Scott Bessent’s wobbly house

[FT] US manufacturers hit by fresh burst of supply chain cost inflation

[FT] AI fears spook Washington as more Republicans call for greater regulation

[FT] Iran’s allies squeeze Saudi Arabia

[FT] Foreign investors prefer US stocks to Treasuries as debt worries grow

[FT] China’s economy shows signs of weakness as investment slumps

Monday Evening Links

[CNBC] Stock futures are little changed as traders eye rising oil prices and rates: Live updates

[Yahoo/Bloomberg] Oil Edges Higher With Saudi Flows in Focus After Pipeline Shut

[AP] What the closure of Saudi Arabia’s East-West pipeline could mean for oil flows

[CNBC] Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike

[AP] Trump calls AI risks a ‘hoax,’ says there is a ‘SICK conspiracy’ against AI and data centers

[CNBC] Trump goes scorched earth on AI warnings, raging about data center opposition and regulation

[Bloomberg] Fortress Warns Private Credit Lenders Against ‘FOMO’ in AI Rush

[NYT] What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.

[WSJ] The Gulf’s AI Nightmare Came Courtesy of an Iranian Drone

[WSJ] Levy: Warsh’s New Principles for the Fed

[FT] Ten-year Treasury yield hits 5% for first time since 2023

Monday Afternoon Links

[CNBC] S&P 500 falls slightly, trades off worst levels of the session as rate and oil pressures ease a bit: Live updates

[CNBC] Warsh’s credibility is on the line this week as Trump policies put pressure on Fed to hike

[Axios] How Warsh can avoid a repeat of July's communications mess

[Reuters] Trump says Iran wants deal as Gulf talks delayed, Houthis strike Saudi Arabia

[Reuters] Treasury yields are rising - why does it matter?

[Yahoo/Bloomberg] Trump Rejects Calls for AI Guardrails, Blasts Anthropic’s Amodei

[Axios] Trump says a strong, smart president is the only "guardrail" AI needs

[Reuters] Trump calls $5,000 payouts 'easy' to fit into federal budget

[Bloomberg] US Private Credit Default Rate Hits a Record of 6.3%, Fitch Says

[Bloomberg] Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage

[NYT] Bond Market Rebukes Bessent by Sending Borrowing Costs Ever Higher

[WSJ] What Is Saudi Arabia’s East-West Pipeline and Why Is It Rocking Oil Markets?

[WSJ] China Also Thinks AI Could Kill Us. But First, It Wants to Match the U.S.

[FT] How much should lenders charge hyperscalers?