Be in the know. 22 key reads for Wednesday…

  1. China Tech Stocks Jump as AI Boom Pushes Index to Four-Year High (bloomberg)
  2. Alibaba’s shares jump after it lands a major customer for its AI chips (cnbc)
  3. China bans tech companies from buying Nvidia’s AI chips (ft)
  4. Jack Ma Returns to Alibaba Campus, President Xi Highlights “Purchase In China” Campaign (chinalastnight)
  5. Alibaba enters robotaxi market with investment in Ant Group-backed Hello (scmp)
  6. Yuan Rises Past Fixing in Bullish Signal Before Xi-Trump Call (bloomberg)
  7. Why China’s Tech Giants Have Gone on an AI Fundraising Spree (bloomberg)
  8. Fundraising Frenzy, AI Buzz Fuel Chinese Tech Rally (wsj)
  9. Key money-supply metric signals Chinese stock rally has more room to run: Nomura (scmp)
  10. See How China Is Dominating the Global EV Market (wsj)
  11. Trump Extends TikTok Ban Deadline as Details Emerge on Deal (barrons)
  12. Fed ‘Operation Mortgage Twist’ Would Boost Housing, Pimco Says (bloomberg)
  13. Mortgage rates drop to 3-year low ahead of Fed meeting (cnbc)
  14. Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply (cnbc)
  15. Builders ramp up price cuts on new homes to five-year high. They’re hoping a rate cut will rescue them. (marketwatch)
  16. Treasury Secretary Bessent says Fed has been behind the curve (streetinsider)
  17. When The Fed Cuts With Stocks At All-Time Highs, The S&P Is ALWAYS Higher One Year Later (zerohedge)
  18. Fed Divisions Thrust Powell Into Uncharted Territory (wsj)
  19. Retail sales jump in August on surprisingly strong back-to-school season (nypost)
  20. Why the Next Winners in the AI Boom May Not Be AI Stocks (morningstar)
  21. Oil Needs $63 A Barrel To Bring Marginal Production Online (zerohedge)
  22. US manufacturing output unexpectedly rises on rebound in motor vehicle production (reuters)