Be in the know. 20 key reads for Monday…

  1. China’s public cloud market to triple by 2025 as industrial sector drives new wave of expansion: McKinsey report (scmp)
  2. Pinduoduo stock shoots up after profit more than triples, as consumer sentiment recovers (marketwatch)
  3. 10 reasons why the US economy could be setting up for a bullish run like the ‘roaring 20s’ — and 6 ways to invest in a resulting long-term wave of returns, according to the US head of asset allocation at UBS (businessinsider)
  4. Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says (cnbc)
  5. Powell’s Hawkish Stance Causes Headaches for Kuroda as Yen Falls (bloomberg)
  6. US Homes Add Rooftop Solar at a Record Clip to Cut Power Bills (bloomberg)
  7. China Sends Officials to Supervise Policy Rollout in Provinces (bloomberg)
  8. PBOC Sets Stronger-Than-Expected Fix as Yuan Hits Two-Year Low (bloomberg)
  9. Xi Jinping’s Vision for Tech Self-Reliance in China Runs Into Reality (nytimes)
  10. Alibaba Cloud Unveils Design Platform for High-Performance Edge AI Chips (alizila)
  11. The Housing Market Is in Recession. What It Means for Buyers. (barrons)
  12. Elon Musk Says World Needs More Oil and Gas (wsj)
  13. Netflix Won’t Lose Its Place on the Dial (wsj)
  14. Live the Contrarian Way (wsj)
  15. A billionaire oil-refining exec who called the July top explains why crude could plunge by another 25% — and breaks down a solution that could tame inflation and curb a possible recession (businessinsider)
  16. The Fed should go on vacation after this year’s rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says (businessinsider)
  17. Nobel laureate Paul Krugman shoots down claims that Biden’s student-debt relief plan will fuel inflation (businessinsider)
  18. Fed’s Tough Talk Could Be Transitory (wsj)
  19. Ford Hikes Mustang Mach-E Price By As Much As $8,000 (zerohedge)
  20. Russia likely to increase gas flaring as storages fill, IEA’s Birol says (reuters)