Friday's News Links

[CNBC] S&P 500 falls as Treasury yields rise; index heads for losing week: Live updates

[Yahoo/Reuters] Yen slumps to two-week low after BOJ rate hike underwhelms

[Yahoo/Reuters] Oil pares losses as market weighs Saudi supply concerns, Middle East tensions

[Yahoo/Bloomberg] Chinese Yuan Hits Strongest Level Since 2022 After PBOC Fixing

[Yahoo/Reuters] Major central banks on tightening path amid energy price shock

[Yahoo/Reuters] Rising oil, rates and yields brew up stagflation cocktail for markets

[Yahoo/Reuters] US equity funds post fourth weekly outflow on inflation worries, rate concerns

[Yahoo/Reuters] Global equity fund outflows hit nine-month high on inflation fears

[Axios] Wall Street thinks the stock market can handle a few hikes

[AP] Iran says it strikes an oil tanker, and other Mideast developments

[AP] Iranians rally by the hundreds of thousands in biggest show of defiance since war began

[CNBC] Bank of Japan raises interest rates to 31-year high, flags concerns over inflation

[Yahoo/Reuters] BOJ Governor Ueda's comments at news conference

[Yahoo/Reuters] Australia's central bank chief warns inflation risks materialising

[Yahoo/Reuters] Italy's debt burden rising at alarming rate, economy minister says

[Yahoo/Bloomberg] China’s Fiscal Pullback Stretches Into August as Spending Slumps

[CNBC] Putin targets Nestle’s Russian business as Kremlin tightens grip on Western assets

[Bloomberg] Saudis Give European Oil Buyers No Supplies for Next Month

[Bloomberg] BOJ Hikes Rates in Split Decision After Bessent’s Pressure

[Bloomberg] Why One Saudi Pipeline Is Crucial to the Global Oil Market

[Bloomberg] France Bond Risk Gauge Reaches New Milestone on Budget Risks

[Bloomberg] BOE’s Balance Sheet Move Eases Repo Pressure, Barclays Says

[Bloomberg] Korea’s Lee Says $350 Billion US Deal Causing ‘Sleepless Nights’

[Bloomberg] Turkey Turns to Two Big Banks to Liquidate Troubled Funds

[Bloomberg] Black Sea Chaos Is Forcing Russian Farmers to Plant Less Wheat

[Bloomberg] El Niño Puts India on Track for Its Driest Monsoon Since 2009

[NYT] Japan Raises Interest Rates in a Decision Muddied by U.S. Pressure

[WSJ] How Warsh Raised Rates Without Drawing Trump’s Ire

[WSJ] Weeks Before the Midterms, Almost Everything Is Getting More Expensive

[WSJ] Hackers Used Anthropic’s Claude to Break Into OpenAI

[FT] Yen sinks after Bank of Japan raises rates to highest level since 1995

[FT] Iran switches from ships to trucks to evade US blockade

[FT] The real risk of private credit’s involvement in the annuity business

[FT] How money moved across Mark Walter’s empire

[FT] Tett: The west must hurry to catch up with Ukraine on AI combat

[FT] Turkey moves to liquidate funds at centre of ‘Ponzi-like scheme’

Thursday Evening Links

[CNBC] Stock futures are little changed after Thursday’s post-Fed bounce: Live updates

[Axios] Trump tells Axios he's approaching major crossroads in Iran war

[AP] What to know after a week of Houthi attacks that threaten Saudi oil and have rattled world markets

[Bloomberg] The Carry Trade Explained: Why the Yen Is Losing Its Appeal

[Bloomberg] DoubleLine’s Gundlach Warns of Fiscal Crisis in Next Recession

[NYT] Fighting Intensifies in Yemen as Militia Advances on Key Provinces

[FT] French premier Lecornu proposes big spending cuts to reduce deficit

Thursday Afternoon Links

[CNBC] Stocks rise, lifted by falling oil and yields as market attempts comeback after Fed sell-off: Live updates

[Yahoo/Reuters] Oil falls 2% to one-week low as Middle East supply disruption fears ease

[CNBC] How record diesel prices will rip through the U.S. economy. Trucks and rails are only the start

[Bloomberg] Why High Bond Yields Look Like the New Normal

[Bloomberg] Private Credit Defaults Are 1%, 6% or 19%, Depending Who You Ask

[Bloomberg] Merz Says US Friendship Built Since War ‘Probably Over’ for Now

[Bloomberg] Poland Warns That Russia Plans to Strike Ukraine’s NATO Allies

[NYT] China Stockpiled Oil, and Now It Could Dominate the Energy Landscape