Be in the know. 17 key reads for Thursday…

  1. Fitch Warns on U.S. Rating (barrons)
  2. McCarthy Says Issues Remain in Debt Talks, All Won’t Be Happy (bloomberg)
  3. It Has Been an Ugly Year for Estée Lauder Stock. Better Times Are Coming. (barrons)
  4. Ford Stock Is Upgraded. (barrons)
  5. Debt-Ceiling Fight Comes Down to Spending: Freeze or Cut? (wsj)
  6. Invesco QQQ ETF jumps toward 13-month high, as Nvidia shares soar toward best gain in 7 years (marketwatch)
  7. Microsoft’s Nadella: AI is taking the computer age from ‘the bicycle to the steam engine’ (marketwatch)
  8. ‘There is no other China, there is only one China’: Nvidia CEO warns of ‘enormous damage’ if China chip war escalates. (marketwatch)
  9. U.S. and China See Fragile Opportunity to Repair Ties (wsj)
  10. Fed Officials Were Divided Over June Rate Pause. Several policy makers thought further hikes ‘may not be necessary’ (wsj)
  11. Half-Empty a Year Ago, Cruises Are Now Packed Like Sardines (wsj)
  12. Share Buybacks Continue at Torrid Pace While Investors Sit on Sidelines (wsj)
  13. America’s Math Coach Is Teaching Fifth-Graders to Outsmart AI (wsj)
  14. Reid Hoffman Is on a Mission: To Show A.I. Can Improve Humanity (nytimes)
  15. “Selling The Rips”: Retail Investors Capitulate Just As Stocks Break Out To New 2023 Highs (zerohedge)
  16. China Equity Rout Deepens as Traders Rush to Sell Before Holiday (yahoo)
  17. Meituan & NetEase Beat, Debt Ceiling, US Dollar Weigh On Risk Assets (chinalastnight)