Be in the know. 20 key reads for Friday.

  1. Xi Tells Hong Kong to Focus on Business After Turmoil (bloomberg)
  2. Supply chain issues ‘eased significantly’ — and inflation could be next (yahoo)
  3. Iran Nuclear Talks Likely to Resume After Biden’s Mideast Trip (bloomberg)
  4. S&P 500’s Brutal First Half Has Little Bearing on the Future (bloomberg)
  5. Goldman Strategists Warn Risk of Stock Selloff Is Still High (bloomberg)
  6. China’s Economy Returns to Growth Mode as Covid-19 Lockdowns Lift (wsj)
  7. The Wheels Have Come Off Electric Vehicles (bloomberg)
  8. The Top Luxury Convertibles, From European Supercars to US Classics (bloomberg)
  9. Li Auto stock rallies after June EV deliveries rise nearly 70% (marketwatch)
  10. NIO stock jumps after June EV deliveries rise sharply from a last month and from last year (marketwatch)
  11. The Fed Is Quietly Handing Out $250 Million To A Handful Of Happy Recipients Every Single Day (zerohedge)
  12. XPeng stock rallies after June deliveries more than double from a year ago (marketwatch)
  13. Here’s what one investor says he’s learned from Warren Buffett and Charlie Munger — and the mistakes he’s made (marketwatch)
  14. The Dow suffered its worst first half since 1962. What history says about the path ahead. (marketwatch)
  15. The chip boom likely over, as Micron says it’s in a ‘downturn’ (marketwatch)
  16. The Super, Super Rich: 20 People Worth More than $50 Billion (barrons)
  17. Supreme Court Puts Brakes on EPA in Far-Reaching Decision (wsj)
  18. Supply-chain issues restrict inventory on dealer lots; ‘We could sell all of the vehicles that we could possibly get’ (wsj)
  19. Attention Biotech Investors: Mark Your Calendar For These July PDUFA Dates (benzinga)
  20. Chinese stocks still cheap for Credit Suisse as others fret about zero-Covid (scmp)