Be in the know. 18 key reads for Thursday…

  1. Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman (reuters)
  2. China Asks Banks to Bankroll Tech in Latest Private Sector Boost (bloomberg)
  3. GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls (cnbc)
  4. The Most Interesting Economic News This Week Won’t Come From the Fed (barrons)
  5. The S&P 500 Hasn’t Had Many Ugly Days This Year. That’s a Pretty Good Sign. (barrons)
  6. Federal Reserve Raises Interest Rates to 22-Year High (wsj)
  7. Dow Notches Longest Winning Streak Since 1987 (wsj)
  8. Biotech Stocks Join AI-Fueled Rally (wsj)
  9. PacWest, Banc of California Merge to Get Smaller. Others May Follow. (wsj)
  10. Investors Can Read the Fed’s Poker Face (wsj)
  11. What Fed Hikes? Much of Americans’ Debt Is Still Riding Ultralow Rates (wsj)
  12. Inside the world’s hardest place to get a reservation with a 4-year waitlist (nypost)
  13. How Regional Banks Got Healthy Again (nytimes)
  14. A Beach Club Dinner and Jamie Dimon’s Touch: How PacWest Was Rescued (bloomberg)
  15. Rolls-Royce Takes the Fast Lane Out of Pity City (bloomberg)
  16. Meta stock gains after earnings, guidance from Facebook parent top expectations (yahoo)
  17. Ant IPO Gets Back To Where It All Began (chinalastnight)
  18. Big Tech earnings are sending the bears into hibernation mode, says Dan Ives (cnbc)