Be in the know. 23 key reads for Friday…

  1. U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2% (cnbc)
  2. Is China Reversing Its ‘Uninvestable’ Image? (bloomberg)
  3. Alibaba unveils new open-source AI embedding models, a field it leads globally (scmp)
  4. Regulatory Support For AI & Tech Raises Growth Stocks, Trump & Xi Speak (chinalastnight)
  5. Trump Gets His Call With Xi. The Two Sides Agreed to Keep Talking. (barrons)
  6. Xi’s Message to Trump: Rein in the Hawks Trying to Derail the Truce (nytimes)
  7. US Power Grid “Getting Critically Tight” — Time To Consider Backup Power At Home (zerohedge)
  8. Surging electricity demand is just one reason natural gas looks so appealing to investors this summer and beyond (marketwatch)
  9. Boeing rebuilding trust as airline bosses see improved jet quality (reuters)
  10. Mortgage rates fall for the first time in 5 weeks, opening up a ‘window of opportunity’ for home buyers (marketwatch)
  11. Disney says its theme parks generate $67 billion in annual U.S. economic impact (cnbc)
  12. Wolfe Research initiates QXO stock with outperform rating and $44 target (investing)
  13. ‘Summer Euphoria’ – Goldman Flows Gurus Give “Greenlight” For Equity Bulls (zerohedge)
  14. Stop-In Season: The Real Pain Is Still to the Upside (zerohedge)
  15. US Treasury Calls on BOJ to Hike Rates to Correct Yen Weakness (bloomberg)
  16. BofA stays bearish on the U.S. dollar (streetinsider)
  17. Wall Street Is Too Pessimistic on the Dollar. That Could Be a Problem. (barrons)
  18. Stablecoins may be nasty, but for Americans they’re also cheap (ft)
  19. The case for a Fed rate cut (ft)
  20. Should Investors Bet on Intel’s Turnaround In 2025? (yahoo)
  21. Shop Slow, Spend More: The Retailers Hoping That Customers Linger (wsj)
  22. Norwegian and Other Cruise Stocks Stage a Recovery. Why There’s Smoother Sailing Ahead. (barrons)
  23. The economy is still growing despite the craziness every day: Hightower’s Stephanie Link (youtube)