Be in the know. 22 key reads for Wednesday…

  1. Alibaba holds wide lead over rivals ByteDance, Huawei, Tencent in China’s AI cloud market (scmp)
  2. Alibaba’s Qwen3 and Moonshot’s Kimi-K2 crack top 10 AI rankings, closing in on US models (scmp)
  3. Alibaba’s Birthday Bash Announcement, Anti-Involution Comes to Restaurant Delivery (chinalastnight)
  4. Alibaba, Meituan Take China Commerce War Into Local Services (bloomberg)
  5. China’s AI Chip Boom Fuels Cambricon, Alibaba Stock Rallies (bloomberg)
  6. Asian Tech Breaking Out Everywhere (zerohedge)
  7. China Boosts Its ‘Night Economy.’ Investors Should Pay Attention. (barrons)
  8. Jefferies raises Alibaba stock price target to $178 on cloud growth (investing)
  9. Boeing steps up jet deliveries, surpassing 2024 total by August (reuters)
  10. Boeing delivers 57 jets in August, highest since 2018 (investing)
  11. Mortgage demand jumps to the highest level in three years, as interest rates drop sharply (cnbc)
  12. US Mortgage Rates at 11-Month Low Rekindle Home Finance Activity (bloomberg)
  13. Wells Fargo: Fed to deliver 5 rate cuts through mid-2026 (streetinsider)
  14. Employers Added Nearly a Million Fewer Jobs Than Believed, Data Shows (nytimes)
  15. Trump’s Fed Nominee Is Poised to Sail Through to Confirmation (barrons)
  16. The Fed Official Who Called the Jobs Slowdown and Became a Candidate for Chair (wsj)
  17. Judge Temporarily Blocks Trump From Firing Fed Gov. Cook Ahead of FOMC Meeting (barrons)
  18. Buybacks Hit Record in First Half of Year. These Stocks Are Benefiting the Most. (barrons)
  19. The Rally Has Legs. Earnings Show It. (barrons)
  20. Wall Street Pros Race to Lift S&P 500 Targets After Record Rally (bloomberg)
  21. Small-Cap Stocks Are on a Roll. What Could Push Them Higher. (barrons)
  22. Generac stock price target maintained at $220 by UBS on datacenter growth (investing)