Be in the know. 10 key reads for Wednesday…

  1. Forget Bed Bath & Beyond’s Stock. Look at Its Bonds. (barrons)
  2. Biden Puts Semiconductors at the Forefront (wsj)
  3. China’s economy will grow 5% this year, Fitch Ratings says in upgraded forecast (cnbc)
  4. US junk bonds rally on economic ‘soft landing’ bets (ft)
  5. CVS Health reports big revenue beat, on the heels of $10.6 billion deal to buy Oak Street Health (marketwatch)
  6. Royal Caribbean launches debt offering due 2030, to refinance debt due 2023 and 2024 (marketwatch)
  7. No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true. (marketwatch)
  8. Why Biden’s 4% buyback tax could boost stock prices and dividends (marketwatch)
  9. The Investor Behind the $1 Billion Bet on Bed Bath & Beyond (wsj)
  10. Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows (wsj)
  11. Alibaba Stock Jumps On ChatGPT News, But Is BABA Stock A Buy Now? (investors)
  12. Fed’s Powell says strong jobs report shows why more rate hikes may be needed (usatoday)
  13. Wall Street Veteran Explains Why He’s Still All-In on US Housing (bloomberg)
  14. Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobs (cnbc)
  15. Alibaba (BABA) stock rises on report it is developing ChatGPT-like AI bot (streetinsider)
  16. A Jim Simons Market Mystery — Solved? (institutionalinvestor)
  17. Elon Musk Reacts As ‘Big Short’ Michael Burry Finds His Way Back On Twitter To Take Back ‘Sell’ Call (benzinga)