Be in the know. 13 key reads for Thursday…

  1. Fed governor Christopher Waller says rates could be cut by as much as a full point (ft)
  2. Treasuries Pare Declines After Dovish Comments by Fed’s Waller (bloomberg)
  3. How emerging-market stocks can keep trouncing the S&P 500 (marketwatch)
  4. Alibaba deepens ecosystem push with Qwen-Amap tie-up for routes, restaurants and hotels (scmp)
  5. Open source could pop the AI bubble — and soon (ft)
  6. Oracle’s $10bn Michigan data centre in limbo after Blue Owl funding talks stall (ft)
  7. The World’s Hottest Stocks Have Gone Nowhere (zerohedge)
  8. Etsy Announces New $750 Million Share Repurchase Authorization and appointment of Fred Wilson as Lead Independent Director (etsy)
  9. Guggenheim maintains Buy rating on Pfizer stock, sets $35 price target (investing)
  10. Goldman’s Case For Falling Tariffs As Midterms Loom (zerohedge)
  11. This chart suggests Santa rallies typically pick up late in December (streetinsider)
  12. More mega deals coming as chase for scale fuels near record-breaking year for M&A (reuters)
  13. Elliott Builds Over $1 Billion Stake in Lululemon (wsj)