Be in the know. 25 key reads for Friday…

  1. Nordstrom Stock Surges 30% on Report Activist Investor Has a Stake (barrons)
  2. Jobs Growth Was Double the Forecast. It’s a Challenge for the Fed. (barrons)
  3. ‘It Is an Employer’s Market’: Tech Layoffs May Have Turned the Great Resignation Into the Great Recommitment (barrons)
  4. S. unemployment rate falls to 3.4% — lowest level since 1969 — as economy creates 517,000 jobs in January (marketwatch)
  5. Alphabet to Launch a ChatGPT Rival. Microsoft is Forcing Google to Take a Risk. (barrons)
  6. The Hottest Sectors of the Reopening Are Now Driving a Wage Slowdown (bloomberg)
  7. Baidu Plans a ChatGPT Rival. The Chinese Internet Giant’s Stock Could Reap the Returns. (barrons)
  8. A new bull market is underway amid Powell’s acknowledgement of falling inflation, Fundstrat says (businessinsider)
  9. Apple Sales Shrink as Pandemic Rally Ends for iPhone Maker, Other Tech Giants (wsj)
  10. The Bosses Are Back in Charge (wsj)
  11. Amazon Warns of Period of Slower Growth (wsj)
  12. Drug Prices Increase 5.6% as Government Ramps Up Pressure to Lower Costs (wsj)
  13. George Costanza’s Guide to Better Living (wsj)
  14. Ford Posts $1.3 Billion Fourth-Quarter Profit, Misses Full-Year Profit Guidance (wsj)
  15. Oil Hokey Pokey. The Energy Report 02/03/2023 (Phil Flynn)
  16. 3M Investor Raises Concerns About Company Leadership (wsj)
  17. Netflix to feature electric cars from GM and others in shows, films (nypost)
  18. European Central Bank Raises Rates Again but Markets See an End to Escalation (nytimes)
  19. Why Chinese Companies Are Investing Billions in Mexico (nytimes)
  20. European Stocks Set for Bull Market on Rates, Growth Optimism (bloomberg)
  21. Ford Returns to F1 as Racing Series Sees Surge in Popularity (bloomberg)
  22. Here’s where the jobs are for January 2023 — in one chart (cnbc)
  23. YouTube Shorts surpassed 50 billion daily views, a bright spot for Alphabet as it faces fierce competition from TikTok and declining ad revenue (businessinsider)
  24. ‘Big Short’ investor Michael Burry deletes his Twitter profile after ominous ‘sell’ warning (businessinsider)
  25. Mark Cuban and Amazon Are Shaking Up Generic Drugs (wsj)