- Consumers spent most of 2023 grumbling about the state of the economy while still spending away, and they could very well finish the year the same way. (barrons)
- Alibaba Starts Its Cloud Arm Overhaul After Nixing Spinoff. “Alicloud unit now hosts half of China’s generative AI firms and serves about 80% of the country’s technology companies.” (bloomberg)
- Xi Tolerance for Property Pain Nears Limit as Rescue Emerges (bloomberg)
- Black Friday Looks to Be Back in Full Force. Mostly. (barrons)
- Israel, Hamas Call Brief Truce for Hostage Release (wsj)
- Market Melt-Up Lures Biggest Inflows to Stocks Since Early 2022 (bloomberg)
- Tech’s Rally Isn’t Done. Smaller Stocks Are the Next to Gain. (barrons)
- Bank of America flags caution as investors pour $40 billion into the stock market (marketwatch)
- It’s the Most Wonderful Time of the Year (for the Economy) (nytimes)
- Gene Editing Will Change Medicine—and Maybe Health Investing Too (wsj)
- Next Year’s Holiday Gift May Be AI in Your Pocket (wsj)
- American Shoppers Have Plenty of Dry Powder (wsj)
- Dollar eases in thin Black Friday trading on bets rates have peaked (streetinsider)
- Why China and Boeing Still Need Each Other (nytimes)
- Cybertruck’s customer debut at Texas gigafactory coming soon (foxbusiness)
- Lunch with the FT. Tom Hanks: ‘I was a pretty lucky guy’ (ft)
- Exclusive: Nvidia delays launch of new China-focused AI chip -sources (reuters)
- Homebuyers can expect mortgage rates in the 6% range next year, says NAR’s Lawrence Yun (cnbc)
- Fed shifts into cautious policy mode as risks become more two-sided (reuters)
- China Plans to Buy Pork for Reserves Again to Stimulate Prices (bloomberg)
Be in the know. 20 key reads for Friday…
