Be in the know. 24 key reads for Friday…

  1. Treasury yields slip from 2024 highs even after Fed’s favored inflation report signals stalled progress (marketwatch)
  2. Ant Group adds 14 foreign payment apps in access boost for Hong Kong merchants (scmp)
  3. Hong Kong stocks hit 5-month peak after positive earnings surprises (scmp)
  4. Global funds build ‘significant exposure’ to Chinese stocks in mood shift: HSBC (scmp)
  5. Yellen confident U.S. inflation will continue to cool (marketwatch)
  6. Treasuries Gain as Traders Find Relief in Key Inflation Readings (bloomberg)
  7. High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed (nytimes)
  8. Microsoft Cloud Strength Drives March-Quarter Beat (investors)
  9. How to Get a Meeting With the UAE’s $1.5 Trillion Man (bloomberg)
  10. Alphabet’s Market Value Poised to Overtake Nvidia’s (barrons)
  11. For Second City, Making People Laugh is a Serious Business (barrons)
  12. Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push (wsj)
  13. Warren Buffett Built Berkshire. What Happens When He’s No Longer There? (barrons)
  14. ‘How Disney Built America’ Review: Mickey Mouse Mythology (wsj)
  15. Microsoft Earnings Jump on AI Demand (wsj)
  16. Pfizer Receives FDA Approval for Bleeding Disorder Treatment (barrons)
  17. This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW (marketwatch)
  18. After Friday’s inflation report, fed-funds futures show Fed rate cuts may begin in September (marketwatch)
  19. San Francisco Buyers Bring Its Luxury Housing Market Back to Life (wsj)
  20. The Dream of Fed Rate Cuts Is Slipping Away (wsj)
  21. Alphabet’s Revenue Jumps 15% to $80.5 Billion (nytimes)
  22. Billionaire ‘bond king’ Bill Gross tells investors to avoid tech and stick to value stocks (businessinsider)
  23. Consumer sentiment weakens in late April, University of Michigan survey says (marketwatch)
  24. EM Stocks on Track for Best Week Since July on US Tech Spillover (bloomberg)