Be in the know. 30 key reads for Wednesday

  1. “Unrelenting demand for new vehicles.” (usatoday)
  2. Investors hunt for biotech bargains as market shows signs of a thaw (ft)
  3. China Signals Easing of Covid-19 Restrictions for Foreign Businesses (wsj)
  4. “People Are Increasingly Anticipating Something” – The Market Is About To Be Shocked With A “Treasury Buyback” Operation Twist (zerohedge)
  5. China Plans to Increase International Flights From This Weekend (bloomberg)
  6. China’s Yuan Soars Most On Record After Beijing Orders Banks To Dump Dollars (zerohedge)
  7. S. dollar rally takes a breather as currency slumps versus major rivals (marketwatch)
  8. China’s Plunging Market Has Become a High-Risk Bet on Xi Jinping (bloomberg)
  9. Progressive Democrats withdraw letter urging Biden to talk with Putin (ft)
  10. Xi Jinping’s men: Why China’s new politburo has spooked markets (ft)
  11. Shanghai’s ocean freight rates stuck in free fall after Covid-19 highs (scmp)
  12. The Fed’s Cunning Plan to Make You Feel Poorer (bloomberg)
  13. GM Grabs EV Market Share From Tesla. It Eyes More Gains Down the Road. (barrons)
  14. GE’s Earnings Were Messy but Wall Street Is Happy (barrons)
  15. Boeing Reports a Huge Loss. But Cash Flow Is More Important. (barrons)
  16. Beijing Battered China’s Stock Market. Here’s How to Play It. (barrons)
  17. The ECB meets Thursday — here’s what to watch ahead of another jumbo interest rate increase (marketwatch)
  18. British Pound Recovers Under New Prime Minister Sunak. A Weaker Dollar Is Helping. (barrons)
  19. Health-Insurance Inflation Is Poised to Drop Sharply (wsj)
  20. Home Prices Fell in August in Biggest Monthly Decrease Since 2011 (wsj)
  21. Fall Is the New Summer for Vacations (wsj)
  22. UPS Earnings Rise as Higher Prices Offset Shipping Slowdown (wsj)
  23. Why Natural Gas Prices in Europe Are Suddenly Plunging (nytimes)
  24. Fear of Catching Covid Has Cost US Economy $250 Billion This Year (bloomberg)
  25. Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices (cnbc)
  26. China could be set for even more Russian gas as Gazprom begins testing a key supply hub to reroute energy from Europe (businessinsider)
  27. Roubini Warns Of Imminent Dollar Crash: The Fed Is Going To “Wimp Out” In The Inflation Fight (zerohedge)
  28. Boeing Unexpectedly Reports Surge In Free Cash Flow, Despite Massive Cost Overruns (zerohedge)
  29. Equities most popular risky investment among Hongkongers: Morningstar (scmp)
  30. Hong Kong stocks snap 5-day loss as China calms markets, global funds return (scmp)