Be in the know. 13 key reads for Monday…

  1. Alibaba Folds Food Delivery, Online Travel Services Into Core E-Commerce Unit (wsj)
  2. Global investors turn to Hong Kong funds for returns amid geopolitical tensions (scmp)
  3. Value Investing Is Getting a MAGA Bump (bloomberg)
  4. Morgan Stanley’s Wilson Says Geopolitical Selloffs Fade Fast (bloomberg)
  5. “Maximum Generation Alert” Issued for Nation’s Largest Power Grid (zerohedge)
  6. Hormel Foods’ former CEO Jeffrey Ettinger to return on interim basis (reuters)
  7. Deutsche Bank upgrades Estée Lauder to “buy” on growth, margin recovery (investing)
  8. HEDGE FLOW Hedge fund leverage reaches five-year high, buying bank stocks, Goldman Sachs says (reuters)
  9. Stablecoin World Opens Up to Smaller Banks (wsj)
  10. GXO Logistics stock rises as Citi raises price target on Wincanton deal (investing)
  11. German Private Sector Grows With Industry Closer to Turnaround (bloomberg)
  12. Iran Has an Oil Card to Play. So Does the U.S. (wsj)
  13. Temu struggles in U.S. as buyer activation, retention hit record lows: Barclays (investing)