Be in the know. 19 key reads for Thursday…

  1. Intel surges 30% as Nvidia to invest $5 billion in chipmaker, co-develop data center and PC chips (cnbc)
  2. Nvidia bets big on Intel with $5 billion stake and chip partnership (reuters)
  3. Intel’s Granite Rapids processor seeing “meaningful ramp,” KeyBanc analysts say (investing)
  4. Google, PayPal Ink Multiyear Partnership on Digital Commerce (wsj)
  5. Rate Cuts After Long Pauses Have Been a Boon for Stocks (nytimes)
  6. Fed Lowers Rates by Quarter-Point, Signals More Cuts Are Likely (wsj)
  7. US Treasuries Resume Rally on Bets More Rate Cuts Are Coming (bloomberg)
  8. Homeowners pounce on falling mortgage rates, with more opting for risky, adjustable-rate loans (marketwatch)
  9. What Decides Where Mortgage Rates Go From Here (wsj)
  10. Tech Stocks Shudder as Rate Cut Sparks Rotation to Cheaper Bets (bloomberg)
  11. JPMorgan predicts small-caps to lead with 30–60% outperformance vs large-caps (streetinsider)
  12. Global Beauty Brands Have Struggled. Some Could Make a Comeback. (barrons)
  13. VF CEO Explains Dickies Sale, Elaborates on Vans, North Face Strategies (shopeatsurf)
  14. Tech war: Alibaba-developed AI processor on par with Nvidia’s H20 chip, CCTV report shows (scmp)
  15. China’s Showcase of AI Chip Prowess Triggers $240 Billion Rally (bloomberg)
  16. Chinese Tech Stocks Soar on AI Buying, Nvidia Ban Tailwind (bloomberg)
  17. Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets (scmp)
  18. Hong Kong matches US Fed’s first rate cut of 2025, in boon for mortgage borrowers, economy (scmp)
  19. Hyundai Motor Plans Boost in U.S. Production (wsj)