Be in the know. 18 key reads for Thursday…

  1. Why U.S. Chip Sanctions Against China Aren’t Working (investors)
  2. China Made a Chip Breakthrough That Shocked The World (bloomberg)
  3. China’s exports grow for first time in 6 months in relief for factories (reuters)
  4. Temu is likely still losing money though. PDD’s operating margin last quarter, for example, narrowed to 24% from 29% a year earlier. Temu’s growth in the U.S. seems to have plateaued lately—monthly active U.S. users this quarter are down 6% from the previous quarter, according to Sensor Tower. (wsj)
  5. John Chambers Warns Of An AI ‘Bubble’ And ‘Train Wrecks.’ How He Sizes Up OpenAI, Microsoft, Google. (investors)
  6. Alphabet Stock Is Rising. Google Got Its AI Launch Right This Time. (barrons)
  7. Commercial real estate is performing much better than expected, says Marcus & Millichap CEO (cnbc)
  8. There’s a new market dynamic heading into payrolls report, Goldman trading expert says (marketwatch)
  9. Edwards Lifesciences to spin off Critical Care unit, sets $1B stock buyback (marketwatch)
  10. Elliott reiterates call for new chief executive at Crown Castle (marketwatch)
  11. Walmart seems to have changed its view of weight-loss drugs (marketwatch)
  12. Dollar General’s stock buoyed by earnings beat, but retailer is not happy with its performance (marketwatch)
  13. Japanese stocks fall, yen jumps on bets BoJ may end negative rate policy (marketwatch)
  14. Masters champ planning LIV Golf defection in potential $600 million coup (nypost)
  15. After So Many False Dawns, the Market Is Convinced the Fed Will Finally Cut (bloomberg)
  16. Audi, Lamborghini, Porsche Had the Best Concept Cars of 2023 (bloomberg)
  17. How China’s Education Firms Survived the Crackdown (wsj)
  18. Why Amazon is the top 2024 internet pick at TD Cowen (streetinsider)