Be in the know. 15 key reads for Friday…

  1. Estee Lauder to Cut More Jobs in Restructuring, Raises Outlook (wsj)
  2. Estée Lauder to Cut 3,000 More Jobs as CEO Pushes Overhaul (bloomberg)
  3. Estee Lauder surges on earnings beat and raised guidance (investing)
  4. Diageo’s Dave Lewis bets big on canned cocktails (ft)
  5. U.S. to Remove Tariffs on Scotch Whisky After King Charles-Trump Meeting (wsj)
  6. Diageo stock climbs as Trump lifts whisky tariffs after King Charles visit (investing)
  7. The Bull Case For A China Macro Comeback Is Getting Harder To Ignore (zerohedge)
  8. China’s EV price war turns into AI arms race beyond cheaper cars (cnbc)
  9. Greer Discusses ‘Board of Trade’ in Call With China’s He Lifeng (bloomberg)
  10. US Economy Grows Solid 2%, Boosted by Surging AI Investment (bloomberg)
  11. Unprecedented AI Spending Is Rewriting Big Tech’s Earnings Season Playbook (barrons)
  12. Consumers Are Still Spending, for Now. These Companies Show It. (barrons)
  13. Why the U.S. Economy Isn’t Sliding Into 1970s-Style Stagflation (barrons)
  14. Runners Got Bored With the Road. So They Moved to the Trail. (wsj)
  15. These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look. (wsj)

Be in the know. 15 key reads for Thursday…

  1. PayPal’s new CEO makes Venmo a standalone business unit as potential buyers circle (cnbc)
  2. PayPal to Reorganize Into Three Business Units in Streamlining Effort (wsj)
  3. PayPal says AI shopping agents are creating an invisible storefront economy (fastcompany)
  4. Baxter beats estimates as revenue rises, shares jump 6% (investing)
  5. Diageo CEO Dave Lewis Reveals Plan to Pare Back Management (bloomberg)
  6. Estee Lauder considers bid for Puig at 18-19 euros per share, source says (reuters)
  7. Needham raises Etsy stock price target to $85 on growth outlook (investing)
  8. The Clock Is Ticking for Big Tech to Make AI Pay (wsj)
  9. US Big Tech Ratchets Up AI Spending Past $700 Billion This Year (bloomberg)
  10. US Core Capital Goods Orders Jump by Most Since 2020 (bloomberg)
  11. U.S. Housing Starts Rose in March (wsj)
  12. US economy ‘quite resilient’, should keep growing above 2%, Fed’s Powell says (reuters)
  13. Warsh Clears an Early Hurdle on Path to Fed Chair (nytimes)
  14. Ford Raises Profit Outlook Despite Rising Commodity Costs (bloomberg)
  15. Bangladesh set to sign Boeing jet deal, shifting from Airbus (reuters)