Be in the know. 10 key reads for Friday…

  1. Intel jumps 7% as it returns to profitability after two quarters of losses (cnbc)
  2. China Bulls Look for Redemption as Beijing Shows Policy Resolve (bloomberg)
  3. Biogen agrees to acquire Reata Pharmaceuticals for $7.3 billion in cash (marketwatch)
  4. China’s housing ministry is getting ‘bolder’ about real estate support (cnbc)
  5. The Disney Magic Will Return. It’s Time to Buy the Stock. (barrons)
  6. Drugmakers Want to Crush Medicare’s Pricing Power. They’ll Probably Succeed. (barrons)
  7. Fed Goes From Stocks’ Boogeyman to Markets’ Pal (barrons)
  8. Key US Inflation, Wage Measures Cool in Boost for Soft Landing (bloomberg)
  9. US Consumer Sentiment Rises to Highest Since 2021 as Prices Ease (bloomberg)
  10. Bank of Japan Surprise Foreshadows End to Key Anchor for Global Bond Yields (bloomberg)

Be in the know. 18 key reads for Thursday…

  1. Hedge funds rush to buy China stocks on economy stimulus prospects – Goldman (reuters)
  2. China Asks Banks to Bankroll Tech in Latest Private Sector Boost (bloomberg)
  3. GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls (cnbc)
  4. The Most Interesting Economic News This Week Won’t Come From the Fed (barrons)
  5. The S&P 500 Hasn’t Had Many Ugly Days This Year. That’s a Pretty Good Sign. (barrons)
  6. Federal Reserve Raises Interest Rates to 22-Year High (wsj)
  7. Dow Notches Longest Winning Streak Since 1987 (wsj)
  8. Biotech Stocks Join AI-Fueled Rally (wsj)
  9. PacWest, Banc of California Merge to Get Smaller. Others May Follow. (wsj)
  10. Investors Can Read the Fed’s Poker Face (wsj)
  11. What Fed Hikes? Much of Americans’ Debt Is Still Riding Ultralow Rates (wsj)
  12. Inside the world’s hardest place to get a reservation with a 4-year waitlist (nypost)
  13. How Regional Banks Got Healthy Again (nytimes)
  14. A Beach Club Dinner and Jamie Dimon’s Touch: How PacWest Was Rescued (bloomberg)
  15. Rolls-Royce Takes the Fast Lane Out of Pity City (bloomberg)
  16. Meta stock gains after earnings, guidance from Facebook parent top expectations (yahoo)
  17. Ant IPO Gets Back To Where It All Began (chinalastnight)
  18. Big Tech earnings are sending the bears into hibernation mode, says Dan Ives (cnbc)