Friday's News Links

[CNBC] Stocks lower as oil tops $100 amid escalating Iran tensions: Live updates

[Reuters] Brent crude hits more than five-month high on concern over Middle East escalation

[CNBC] 10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries

[Yahoo/MW] Treasury yields log biggest drop since the 2023 banking crisis. Here’s what’s going on.

[Yahoo/Bloomberg] AI Tech Fears Push Global Credit Spreads to 17-Month High

[CNBC] France is flashing euro crisis signals. This time, the fault lines are different

[Yahoo/Reuters] Hedge fund returns worsen this week as tech selloff deepens

[AP] Israel says it thwarted ‘terror attack,’ and other Middle East developments

[Axios] Wall Street prepares for AI's "day after"

[Axios] Meta joins Big Tech's negative free cash flow club

[Reuters] Japan core inflation exceeds BOJ target, cements near-term rate hike chance

[Reuters] Japan manufacturing growth slows to 7-month low in October, PMI shows

[Yahoo/Reuters] Bank of Japan warns of risks from AI market shock, cyberattacks

[AP] A drone hit and sank a cargo vessel in new Black Sea attack near Romania, killing 1

[Bloomberg] Hedge Funds Log Widest Daily Drawdown Since Covid in Rout

[Bloomberg] The Fed Faces Its Most Confusing Economy Yet

[Bloomberg] Treasuries’ Link to AI Shows Sharp Shift as Haven Trade Returns

[Bloomberg] French Bond Risk Nears Biggest Weekly Rise as Crisis Deepens

[Bloomberg] Authers: A French Accident Waiting to Happen

[Bloomberg] Blackstone Bet on Chips Drove a Debt Boom That’s Upending Credit

[Bloomberg] Riskiest Bank Securities Lose Luster as Investors Get Picky

[Bloomberg] Odds of 2026 Becoming the Hottest Year Surge Higher With El Niño

[WSJ] Iran Threatens Wider Strikes on Economic and Civilian Targets if U.S. Attacks

[WSJ] Politicians Are Turning Against AI, but Your Pension Is Riding on It

[WSJ] Eight Charts That Show the Depth of France’s Financial Crunch

[WSJ] SK Hynix Pulls Plug on Memory-Chip Unit U.S. IPO on Market Jitters

[FT] Beware Bessent’s tilt towards short-term debt

[FT] Tett: US is prepared for long stand-off with Iran, says Trump envoy

[FT] Caught between the US and China

Thursday Evening Links

[CNBC] Stock futures are little changed after tech sector sell-off: Live updates

[Yahoo/Reuters] S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff

[AP] Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

[Yahoo/Reuters] Yen jumps as oil, AI and France worries rattle markets

[Axios] How the French bond drama affects U.S. markets

[AP] US Treasury proposes a rule to crack down on high-tech investments in China, other adversaries

[Axios] U.S. manufacturing's rebound is lopsided

[Reuters] Flavio Bolsonaro and Lula about even ahead of Brazil runoff, Datafolha poll shows

[Bloomberg] Oil Holds Biggest Gain in Week as Saudi Attacks Fan Supply Risks

[Bloomberg] Traders’ Cost of Hedging Against Big Treasuries Rally Is Soaring

[Bloomberg] US Life Insurers’ Exposure to AI Jumped 24% from January to June

[Bloomberg] Oil Tankers Sailing the US-China Route Are Commanding $60 Million and It’s Crushing Demand

[Bloomberg] Russia Looking to Escalate War, Not End it, Romanian Leader Says

[NYT] Home Prices Are Starting to Fall in Some Pockets of the U.S.

[WSJ] Meta’s Hunt for AI Capital Strikes a Raw Nerve on Wall Street

[WSJ] Trump Called Musk and Asked Him to Lift Ukraine Starlink Restrictions

[FT] OpenAI trims valuation target to $1.25tn after pitching higher price

Thursday Afternoon Links

[CNBC] Nasdaq tumbles on AI spending concerns and jump in oil prices: Live updates 

[Reuters] Wall Street sinks as Nasdaq falls over 2% on AI cost worries

[CNBC] Meta stock sinks 6% as AI spend pushes free cash flow negative

[AP] Iran says 7 oil tankers attacked in the Strait of Hormuz as fears grow of a return to war

[Reuters] Saudi Aramco tells staff to evacuate Dhahran as clashes with Yemen's Houthis continue

[AP] Rush is on to patch a software vulnerability that could impact 70% of websites worldwide

[AP] What to know about the AI-detected security bug impacting wide swaths of the internet

[WSJ] Tech Selloff Deepens as Flight Into Treasurys Drives Yields Lower

[WSJ] U.S. Workers Suffer Fewest Layoffs Since 1969

[WSJ] Students Turn to Private Lenders After Trump’s Clampdown on Federal Loans

[WSJ] Blackstone’s Core Businesses Hit by Rising Rates

[FT] Meta sell-off drags US tech stocks lower as AI spending fears flare up