Be in the know. 25 key reads for Friday…

  1. BABA-SW to Enhance Shareholder Returns via 4 Key Measures, Plans to Raise ROIC to Double Digits (aastocks)
  2. exclusive | Jack Ma’s office says he is ‘very positive’ about Alibaba despite sell-off (scmp)
  3. Alibaba banks on new growth pillars after cloud spin-off stumbles (scmp)
  4. Foreign investors may be turning bullish on China again as bond purchases jump (businessinsider)
  5. Xi Jinping Revives Hopes for Pandas’ Return to the U.S. (wsj)
  6. Charles Payne: China won’t give up prosperity for world dominance (foxbusiness)
  7. Xi Pledges ‘Heart-Warming’ Steps to Attract Foreign Capital (bloomberg)
  8. China Will Be At Forefront of AI, Alphabet’s Pichai Says (bloomberg)
  9. Advance Auto’s Big Changes Could Drive a Stock Turnaround—or It Could Be a Value Trap (barrons)
  10. Carvana Stock, CarMax Sink As Amazon Enters Online Car Sales (investors)
  11. What Recession? Consumers Still Have Plenty to Spend. (barrons)
  12. Can Taylor Swift Do for Cruise Lines What She Did for Movie Theaters? (barrons)
  13. Fawne Jiang, an analyst at Benchmark. “It was undoubtedly a disappointing quarter; however, we do not see a structural fundamental change.” Benchmark maintained its Buy rating with a $150 price target—still a bullish call. (barrons)
  14. China Vows to Meet ‘Reasonable’ Funding Needs of Developers (bloomberg)
  15. Amazon is the ‘No. 1 pick’ for large capital: Mark Mahaney (foxbusiness)
  16. The Share of Americans Who Are Mortgage-Free Is at All-Time High (bloomberg)
  17. The Case for Two Fed Rate Cuts in Early 2024 Is Building (bloomberg)
  18. Weight-Loss Drugs Will Be Sold as Pills, With Just as Many Side Effects and Cost Issues (bloomberg)
  19. Ray Dalio on Xi dinner: A gathering of old friends and ‘stepping back’ from the risks of war (cnbc)
  20. Alibaba Beats But Cloud IPO Pulled (chinalastnight)
  21. The No. 1 life regret of the dying: I see it ‘all the time,’ says psychologist—what he does before it’s too late (cnbc)
  22. Rolls-Royce shares at one-year high despite ‘defective’ engine jibes from Emirates boss (cnbc)
  23. The Estée Lauder Family Built a Beauty Empire. A Succession Rift Threatens It. (wsj)
  24. Is the Stage Set for a Year-End Rally? (wsj)
  25. Opinion: Bulls control the stock market now and a new S&P 500 high is within reach (marketwatch)