Be in the know. 20 key reads for Tuesday…

  1. Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth (scmp)
  2. Ford US sales soar in May, powered by hybrids (yahoo)
  3. PayPal and Oracle are new top picks at Mizuho (streetinsider)
  4. Intel CEO Takes Aim at Nvidia in Fight for AI Chip Dominance (bloomberg)
  5. The Dollar Is at Its Strongest Since the 1980s. Can It Last? (wsj)
  6. Short Sellers in Danger of Extinction After Crushing Stock Gains (bloomberg)
  7. VF Corp. Replaces North Face President with Former Fashion Exec, Adds Two Board Members (outdoorretailer)
  8. China needs to inject US$276b into property market to stabilise prices: Goldman (scmp)
  9. Hong Kong stocks rise amid bets of stability in China property, US rate cut hopes (scmp)
  10. Chinese exporters anticipate strong performance on new growth drivers (cn)
  11. Fundstrat’s Tom Lee: S&P 500 will rise 4% to 5,500 by the end of June (CNBC)
  12. Hong Kong stocks jump by most in 3 weeks as Alibaba, Tencent gain on economic data boost (scmp)
  13. Hedge fund short sellers burnt by flurry of UK takeover bids (ft)
  14. A ‘pick and mix’ stock market has emerged thanks to higher interest rates, says Goldman Sachs (marketwatch)
  15. 10-year Treasury yield extends decline after U.S. job-openings data (marketwatch)
  16. US Job Openings Fall in Broad Cooldown (bloomberg)
  17. Treasuries Gain as JOLTS Spurs Faster Fed-Cut Bets (bloomberg)
  18. Intel unveils new AI chips as it seeks to reclaim market share from Nvidia and AMD (cnbc)
  19. After Years of Turbulence, the Cruise Lines Are Sailing Under Blue Skies (barrons)
  20. Logistics Operators Are Looking to Break the Sector’s IPO Logjam (wsj)