Be in the know. 17 key reads for Tuesday…

  1. PayPal Plans Job Cuts as Fintech’s New CEO Pursues Turnaround Strategy (bloomberg)
  2. PayPal beats first-quarter estimates on resilient consumer spending (reuters)
  3. Pfizer Stock Rises on Earnings. The Drugmaker Is Finding Life After Covid. (barrons)
  4. Pfizer Tops Sales Estimates as Older Blockbusters Outperform (bloomberg)
  5. Alibaba and TSMC Stocks Jump. Three Reasons Asia’s AI Rally Got Another Boost. (barrons)
  6. Hong Kong’s Economy Expands at Strongest Pace in Nearly Five Years (wsj)
  7. Dentsply Sirona expands U.S. distribution through Atlanta Dental Supply deal (investing)
  8. Henry Schein reaffirms annual profit forecast, beats Q1 estimates on dental strength (reuters)
  9. Amazon Built a Massive Supply Chain for Itself. Now It’s for Hire. (wsj)
  10. Amazon opens supply chain services to all shippers; stocks plunge, reaction overdone says Stifel (investing)
  11. Double Digit Earnings Growth Is Now the New Median (zerohedge)
  12. Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022 (zerohedge)
  13. ‘Ultimate Dip-Buyers’ of Stocks Remain Strong as Buybacks Surge (bloomberg)
  14. Fed’s Williams Says Rates Will Need to Be Lower ‘At Some Point’ (bloomberg)
  15. Maersk says ship passed through Strait of Hormuz under U.S. military protection (cnbc)
  16. Electric Vehicle Sales Roar Quietly (chinalastnight)
  17. First refunds of Trump tariffs to start as early as May 12, customs agency says (reuters)