Be in the know. 15 key reads for Wednesday…

  1. Wells Fargo: Citigroup Stock Is ‘Pricing in Too Much Fear.’ (barrons)
  2. China’s internet sector posts strong profit growth in first 7 months of 2023 (scmp)
  3. Ford Isn’t Going to Be the Next Apple. It Could Be a New Deere. (barrons)
  4. The FTC Could Call for an Amazon Breakup. Why Investors Should Celebrate. (barrons)
  5. As Instacart IPO Looms, DoorDash CEO Says Grocery Delivery Needs to Improve (barrons)
  6. Apple wants to be a force in live sports. Buying ESPN could be the answer. (marketwatch)
  7. China’s Country Garden Makes Overdue Dollar-Bond Payments, Avoiding Default (wsj)
  8. Fed Set to Double US Growth Forecast After Strong Data (bloomberg)
  9. Mnuchin’s Liberty 77 Capital Acquires 5.5% Stake in Lions Gate (bloomberg)
  10. “We believe Disney is the best-positioned traditional Media network to drive long-term margins/returns in DTC given its collection of IP and global scale,” Hodulik wrote. (businessinsider)
  11. Everyone Is Bearish on China—Except Bond Investors (wsj)
  12. Goldman Sachs chief economist: US consumer won’t break in 2024 (yahoo)
  13. China Stocks Latest: Builders Jump on Hopes of More Stimulus (bloomberg)
  14. com Takes Flight on +180% Revenue Increase YoY, Caixin Services PMI Misses Expectations (chinalastnight)
  15. Alibaba’s Amap, supported by China’s GPS rival Beidou, expands global coverage to boost Belt and Road plan (scmp)