Be in the know. 15 key reads for Tuesday…

  1. Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources (reuters)
  2. China Turns to Back-Channel Diplomacy to Shore Up U.S. Ties (wsj)
  3. China’s Lockdowns Surge in Week Since Covid Policy Adjusted (bloomberg)
  4. US Presses China to Ease Up on Taiwan as Defense Chiefs Meet (bloomberg)
  5. Baidu Posts Surprise Sales Gain as Investors Eye Turnaround (bloomberg)
  6. Hedge Funds Cut Risk, Betting Stock Bounce Is a Bear-Market Trap (bloomberg)
  7. Best Buy Jumps After Tempering Gloom With Boost to Outlook (bloomberg)
  8. Nuclear Power Has One Last Chance to Flourish in the US (bloomberg)
  9. Bob Iger Is Back to Fix Disney. What If It Isn’t Broken? (barrons)
  10. Tech hiring is slowing down — these two charts explain how and why (marketwatch)
  11. Taiwan Party That Wants Stronger Ties With China Has a New Star (bloomberg)
  12. Larry Summers doesn’t see US interest rates topping 5% as the Fed juggles the ‘two-sided risk’ of inflation and slowdown (businessinsider)
  13. Billionaire investor Carl Icahn is reportedly betting big that GameStop shares will fall (businessinsider)
  14. Dollar tumbles from 20-year high as US inflation eases (ft)
  15. China Equities Lower As Dynamic Zero COVID Is Tested (chinalastnight)