Be in the know. 19 key reads for Thursday…

  1. Alibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challenger (cnbc)
  2. Alibaba’s Quark app adds AI chatbot in challenge to ByteDance’s Doubao, Tencent’s Yuanbao (scmp)
  3. China Must Set ‘Aggressive’ Consumption Goal, Stephen Roach Says (bloomberg)
  4. China to step up push for ‘self-reliance’ in tech (ft)
  5. China Says Trade Talks With US Set for Friday in Malaysia (bloomberg)
  6. L’Oréal chief says Chinese market stabilising as beauty giant eyes more deals (ft)
  7. Boeing names a Mandarin-speaking, ex-white house advisor as its new China president (cnbc)
  8. Crown Castle Earnings: Healthy Organic Site Rental Billings as the Firm Awaits Its Fiber Sale (morningstar)
  9. Meta lays off 600 employees within AI unit (cnbc)
  10. Oracle, OpenAI to Build $15 Billion Data Center Site in Wisconsin (wsj)
  11. Meta Raised $27 Billion for an AI Data Center. Who’s Backing the Deal. (barrons)
  12. Mortgage Rates and Home Prices Are Changing. How to Get Ready. (barrons)
  13. Ford has a secret weapon that could help its earnings as EV concerns swirl (marketwatch)
  14. O’Reilly Raises Full-Year Outlook Amid Auto Supplier Bankruptcy Concerns (bloomberg)
  15. Intel Reports Earnings Today. The PC Chip Business Might Be Improving. (barrons)
  16. US Oil Production Is Booming. So Is Demand. (bloomberg)
  17. Spain’s Gas Demand Skyrockets After Major Blackout (zerohedge)
  18. BofA’s clients are back to selling stocks after buying the dip (streetinsider)
  19. Needham initiates Generac stock with Buy rating, $248 price target (investing)