Be in the know. 21 key reads for Friday…

  1. China “Next year we can raise the fiscal deficit again to inject a fresh source of energy into the economy, which is the government’s credit, and to drive the economy’s recovery” (bloomberg)
  2. China Made Enormous Purchase of US Soy This Week, Cargill Says (bloomberg)
  3. Citi’s Stock Is in the Doghouse. Here’s How It Could Break Out. (barrons)
  4. U.S. and China to Meet as Shifting Economic Fortunes Alter Relationship (wsj)
  5. Biden and Xi Will Meet in California, Seeking to Stabilize Relations (nytimes)
  6. Disney Wears Its New Look Well (wsj)
  7. Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open (wsj)
  8. Energy Stocks Look Tempting. Don’t Take the Bait. (barrons)
  9. A Costly Lesson: How Koch’s Green Push Ended in the Red (barrons)
  10. The Stock Market Is Incredibly Expensive. What History Says Happens Next. (barrons)
  11. Illumina Stock Is the Worst Performer in the S&P 500. Grail Isn’t the Only Issue. (barrons)
  12. U.S. Stocks Are Relatively Pricey. Here Are 3 Bargains From Europe. (barrons)
  13. Meta Has a Path Back Into China. It’s a Rare Win for Zuckerberg’s Metaverse Push. (barrons)
  14. Behind ICBC Hack Is a Gang for Hire That Holds Systems Hostage (bloomberg)
  15. China AI Startup Stockpiled 18 Months of Nvidia Chips Before Ban (bloomberg)
  16. Xi Visits China’s Flood-Hit Regions, Calls for Use of Stimulus (bloomberg)
  17. Logan Says Fed Could Bolster Liquidity Tools For Crises (bloomberg)
  18. Wall Street Managers Pile Into Closed-End Funds on Discounts (bloomberg)
  19. China’s Deflation Pressures Are ‘Temporary,’ PBOC Adviser Says (bloomberg)
  20. Prediction markets can tell the future. Why is the US so afraid of them? (ft)
  21. ChatGPT frenzy to lift PC sales as hardware makers from Lenovo to Oppo bet on generative AI, analysts say (scmp)