Be in the know. 13 key reads for Monday…

  1. New-Vehicle Sales Incentives Climb Higher in July, According to Kelley Blue Book Estimates (coxautoinc)
  2. Alibaba’s long-awaited China stock link may provide timely boost (scmp)
  3. U.S. Recession Odds Cut by Goldman. This Is Why. (barrons)
  4. Goldman Sachs Strategists Say US Sales Forecasts for 2025 Are Too High (bloomberg)
  5. China, US Team Up on Contact Group to Handle ‘Financial Stress’ (bloomberg)
  6. Dolly Parton $650 million empire: from humble roots to queen of country music, movies and now makeup (foxbusiness)
  7. Start-up failures rise 60% as founders face hangover from boom years (ft)
  8. Fed’s Daly backs gradual interest rate cuts as inflation ‘confidence’ mounts (ft)
  9. What clues will Jackson Hole provide about the timing of US rate cuts? (ft)
  10. Tech giants boost Hong Kong stocks as investors eye Fed’s Jackson Hole meet (scmp)
  11. At 8 am this morning, a State Council release from Prime Minister Li Qiang expressed the need to “expand domestic demand more effectively, focus on boosting consumption, and take targeted measures to smoot the economic cycle” Wow! The statement continues with a “Focus on areas with strong growth and the driving force to promote consumption, accelerate the expansion and quality of service consumption, effectively promote bulk consumption.” (chinalastnight)
  12. Berkshire Hathaway Likes Ulta Beauty. Should You? (wsj)
  13. The stock market’s dream scenario has been revived (businessinsider)