Wednesday's News Links

[CNBC] Stocks edge lower as Treasury yields and oil prices rise: Live updates

[Yahoo/Reuters] Oil holds near two-week lows while diesel cracks hit record peak

[Yahoo/Reuters] Dollar at 2-month highs as Fed outlook 'dominant'

[AP] Iran downplays indirect talks with U.S., and other Mideast developments

[CNBC] Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening

[Axios] The All-In-ification of Trump's AI agenda

[Yahoo/Reuters] Global Inflation to Linger and Fed to Hike Again, OECD Says

[CNBC] Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

[Yahoo/Reuters] US fixed 30-year mortgage rate jumps to 7.12%, MBA says

[Reuters] Market participants favor Treasury parking some cash in repo market

[Reuters] China's Xi expected to press Trump to halt Taiwan arms sales under 1982 agreement, sources say

[CNBC] DOJ defends Trump ban of 3 news outlets, says White House access is a ‘privilege — not a right’

[Reuters] US air traffic vulnerabilities exposed by old computers, severed cables and stalled upgrades

[Yahoo/Bloomberg] Euro-Zone Business Activity Hits Three-Year High on Services

[Reuters] Russia pounds Kyiv with drone strikes after Zelenskiy-Trump talks

[Bloomberg] US Business Activity Expands at the Fastest Pace Since 2021

[Bloomberg] AI Data Centers Release Heat, Posing New Problem for Cities

[Bloomberg] JPMorgan Is Talking About US Grid Risks ‘Every Chance’ It Gets

[NYT] At the U.N., Trump Lays Out a Winner-Takes-All Vision of U.S. Power

[WSJ] White House Considers Ban on Diesel Exports as Prices Keep Rising

[WSJ] Trump Threatens to Annihilate Iran as He Lays Out Foreign-Policy Vision at U.N.

[WSJ] Zelensky Asks Trump for Winter Arms Package, Expects Energy-Ceasefire Push

[WSJ] Meta’s New AI Agent Is an Instant Hit—and the Backlash Has Already Begun

[WSJ] Global Economy Stronger Than Expected, But Threats Mount, OECD Says

[FT] Oil tanker costs hit record $1.2mn a day as Iran war disrupts shipping

[FT] The battle between the Fed and Trump

[FT] OECD sounds alarm on surging government bond yields

[FT] Countries cancel Iran flights after US threatens to ‘shut down’ airlines

[FT] Mark Carney and the limits of defying Donald Trump

[FT] Private credit’s “soft” defaults

[FT] How private equity ended up in limbo

Tuesday Evening Links

[CNBC] Stock futures are little changed after Nasdaq Composite posts fresh record: Live updates

[CNBC] Trump administration is examining whether a diesel export ban is feasible, Treasury Secretary says

[Yahoo/Reuters] NY Fed's Perli says monetary policy toolkit working very well

[Yahoo Finance] Richmond Fed's Barkin says supply shocks aren't proving short-lived, leaves door open to further rate hikes

[AP] Cheap, powerful models are the new AI frontier

[Bloomberg] Apollo Caps Private Credit Fund Again After 14.7% Look to Exit

[Bloomberg] A $5,000 Bike Shows Why It’s Hard to Build in America

[NYT] Trump Says He Supports Banning Diesel Exports to Bring Down Prices

[FT] US and Iran hold first talks since June as Donald Trump threatens ‘annihilation’

[FT] Donald Trump rejects ‘globalist scheme’ to control AI in blow to Andy Burnham

[FT] Anthropic and OpenAI release cheaper models as price war intensifies

Tuesday Afternoon Links

[CNBC] Nasdaq climbs to fresh all-time high; S&P 500 is little changed as traders monitor Middle East tensions: Live updates

[Yahoo/Reuters] Oil prices rise on Trump timeline for Iran peace deal: after US elections

[Yahoo/Bloomberg] Trump Rejects Push for International Pact to Manage Risks of AI

[AP] Trump says US and Iranian officials met Tuesday, shortly after warning he may ‘annihilate’ Iran

[Axios] Arab mediators push for U.S.-Iran meeting at U.N. to de-escalate crisis

[Axios] Trump says he faces a decision whether to "annihilate" Iran in UN speech

[Yahoo/Reuters] Fed's Williams says rate-control toolkit is working well

[Yahoo/Reuters] Fed's Barkin says economy may be firming, inflation not limited to energy, tariff shocks

[Axios] Homebuilders say they struggle to find workers amid ICE crackdowns

[Yahoo/Bloomberg] Oaktree’s Marks Says US Displays Total Lack of Fiscal Discipline

[WSJ] Five Takeaways From Trump’s U.N. Speech

[WSJ] Fed’s Barkin Says One Rate Hike May Not Be Enough to Tame Inflation

[WSJ] Investors Demand Highest Yield at Two-Year U.S. Treasury Auction Since 2024

[FT] Donald Trump threatens to ‘annihilate’ Iran in combative UN speech