Be in the know. 16 key reads for Thursday…

  1. Alibaba says its AI spending in e-commerce is already breaking even (cnbc)
  2. Alibaba banks on AI to boost Singles’ Day sales on Taobao, Tmall (scmp)
  3. China’s retailers extend Singles’ Day to five weeks to revive spending (reuters)
  4. Ant Group unveils AI framework that is 10 times faster than Nvidia’s (techinasia)
  5. Bessent Floats Longer-Term China Truce After Rare Earths Gambit (bloomberg)
  6. US may seek more stakes in strategic companies to counter China, Bessent says (reuters)
  7. Critical mineral firms boost Washington lobbying as US expands investments (reuters)
  8. Electric Vehicles Make Up 11 Percent of US Car Sales (bloomberg)
  9. Hyundai Pivots to Hybrids as It Unveils $5 Billion India Plan (bloomberg)
  10. US retail sales likely rose in September; higher-income consumers drive growth (reuters)
  11. The Nation’s Biggest Banks Are Saying the Economy Is Still Strong (wsj)
  12. 3 reasons why the S&P 500 bull market has further to go: UBS (streetinsider)
  13. Institutional and retail clients are buying the dip in stocks, BofA’s data shows (streetinsider)
  14. Traders Ramp Up Bets on Half-Point Fed Rate Cut by Year-End (bloomberg)
  15. AI Data Centers, Desperate for Electricity, Are Building Their Own Power Plants (wsj)
  16. A Giant New AI Data Center Is Coming to the Epicenter of America’s Fracking Boom (wsj)