Be in the know. 20 key reads for Tuesday…

  1. Tepper increased his stake in Alibaba Group Holding Ltd, buying 4,375,000 shares for a total holding of 4,475,000 shares. (yahoo)
  2. Loeb’s investment company increased its Alibaba Group Holding Ltd. BABA, position by 122% to 2.95 million shares that were worth $245.9 million as of the end of the period. (marketwatch)
  3. Chinese stock funds attracted $4.4 billion in 8 days, fueling speculation of a state-run buying-spree (businessinsider)
  4. Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap (wsj)
  5. PBOC Adviser Says China Urgently Needs to Boost Consumption (bloomberg)
  6. China Central Bank Unexpectedly Cuts Rates (bloomberg)
  7. China Cuts Rate by Most Since 2020 as Economic Woes Deepen (bloomberg)
  8. China Mulls Stamp Duty Cut to Revive Slumping Stock Market (bloomberg)
  9. China Halts Youth Jobs Data, Stoking Transparency Concerns (bloomberg)
  10. The Fed’s Interest-Rate Debate Is Shifting (bloomberg)
  11. ‘Magnificent 7’ Stock Meltdown Costs Investors $632 Billion (investors)
  12. Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback (barrons)
  13. Jim Cramer says new Trump indictment, not weak China economic data, is reason for depressed sentiment (marketwatch)
  14. Intel and Synopsys Expand Partnership to Help Foundry Customers Build Chips Faster (barrons)
  15. Chriss is currently executive vice president and general manager of Intuit’s small business and self-employed group, which generates more than half of the TurboTax parent’s revenue (PYPL). (wsj)
  16. Kraft Heinz Names Carlos Abrams-Rivera as Next CEO (wsj)
  17. Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase (cnbc)
  18. China on course to become the world’s No.1 car exporter by end of year (cnbc)
  19. New PayPal CEO Alex Chriss ‘is a good fit,’ analyst says (yahoo)
  20. Yeti and Newell both might be buys, says Jim Cramer (cnbc)