Be in the know. 10 key reads for Wednesday…

  1. SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains (wsj)
  2. Get ready for more merger mania in the pharma sector for the rest of the year (marketwatch)
  3. Homebuyers dial back amid affordability issues, shaky economy (foxbusiness)
  4. China’s Central Bank Warns of Inflation Risks as CPI Climbs (bloomberg)
  5. Russia Ready to Resume Oil Flow to Central Europe as Spat Solved (bloomberg)
  6. IAC Foundation Shows Few Cracks (wsj)
  7. Tech Stocks Are Back in the Market’s Driver’s Seat (wsj)
  8. Obsessing over CPI? You could be missing bargain stocks that build long-term returns, say these fund managers (marketwatch)
  9. S. Home Inventory Grew at Record Pace in July (barrons)
  10. China Says Taiwan Military Drills Over, Plans Regular Patrols (bloomberg)

 

Be in the know. 17 key reads for Tuesday…

  1. I’ll be speaking at the Money Show Accredited Investors Virtual Expo from 5:05-5:35pm today. Register free at this link (moneyshow)
  2. Alibaba Says Its Primary Listing in Hong Kong Has Been Approved (barrons)
  3. Applebee’s, IHOP parent Dine Brands tops profit, revenue expectations amid ‘sustained’ traffic and dine-in recovery (marketwatch)
  4. Why Wall Street celebrating Inflation Reduction Act could be premature (New York Post)
  5. Baidu To Offer Robo Taxis In More Cities, Alibaba Prepares For Southbound Stock Connect Eligibility (chinalastnight)
  6. Boeing (BA) Expected to Resume 787 Dreamliner Deliveries in the Coming Days – FAA (streetinsider)
  7. China’s July Car Sales Rise 20% on Demand For Electric Vehicles (bloomberg)
  8. SoftBank Reports $23 Billion Loss as Tech Investments Plummet (nytimes)
  9. The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party. (barrons)
  10. GM and 9 Other Stocks That Should Shine in a 2023 Recession: Citi (barrons)
  11. Here are 10 reasons why JPMorgan says the global stock market rally will continue (marketwatch)
  12. BANK OF AMERICA: Buy these 7 consumer discretionary stocks — including one with 56% upside — which will start to outperform as soon as 6 months before the Fed starts to cut interest rates (businessinsider)
  13. Alibaba Reduced Workforce by Nearly 10,000 in Three Months (bloomberg)
  14. Flight Bookings to Hong Kong Surge 249% After Quarantine Cut (bloomberg)
  15. BofA Sees Slower Card Spending as Rent Increases Dent Wallets (bloomberg)
  16. Saudi-Backed LIV Tour Makes PGA Winnings Look Like Chump Change (bloomberg)
  17. Walking Dead Network Still Has Life (wsj)