Wednesday Afternoon Links

[CNBC] S&P 500 slumps over 1% after hot inflation report, drop in AI-related stocks: Live updates

[CNBC] CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge

[Reuters] Wall St tumbles as hot CPI boosts rate-hike bets; banks, AI stocks weigh

[Yahoo/Reuters] Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectations

[Reuters] Two ships sink near Hormuz after being hit by projectiles amid surge in attacks

[CNBC] How high inflation became a ‘fact of life’ in the U.S.

[Yahoo/Reuters] Major US banks post solid third quarter loan growth, but see more competition for deposits

[Reuters] As Wall Street banks finance and adopt AI, risks mount on both fronts

[Bloomberg] CoreWeave’s Bonds Turn Distressed, Drawing ‘Yikes’ From Musk

[Bloomberg] BofA Sheds $30 Billion in Value as Years of Lapses Come to Light

[Bloomberg] US Private Credit Stress Masked by Growing PIK Use, Moody’s Says

[Bloomberg] Bessent Pushes IMF on ‘Distortionary’ Policies, in China Signal

[NYT] 5 Costs That Jumped for Americans

[WSJ] The AI Boom Is Supercharging Wall Street’s Profits