Be in the know. 21 key reads for Friday…

  1. Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity (bloomberg)
  2. Alibaba forges cooperation with Chongqing on connected cars, digital infrastructure as e-commerce giant bolsters ties with more local governments (scmp)
  3. FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume (reuters)
  4. China Cuts Reserve Requirement Ratio To Boost Economy (bloomberg)
  5. First Republic Set to Get $30 Billion of Deposits in Rescue (bloomberg)
  6. The Yield Curve Inversion Is Shrinking (barrons)
  7. China cuts banks’ reserve ratio for first time in 2023 to aid recovery (reuters)
  8. Intel’s stock nabs an upgrade: ‘Things are moving enough in the right direction.’ (marketwatch)
  9. The Fed Gets a Dose of Its Own Medicine. Rate Hikes Have Dried Up Its Income Stream. (barrons)
  10. Companies Ponder Moving Cash to Big Banks After Silicon Valley Bank Failure (barrons)
  11. Quantitative Easing Left the Banking System Vulnerable (barrons)
  12. Charles Schwab Insiders Loaded Up on Shares (barrons)
  13. Why the Return of Chinese Shoppers Could Help Nike More Than Adidas (barrons)
  14. Barney Frank defends role at Signature Bank: ‘I need to make money’ (ft)
  15. China Unexpectedly Cuts Reserve Ratio For Banks, Injecting $73BN To Stimulate Economy (zerohedge)
  16. This Week in China: Chinese Bank Stocks Are World’s Best as US, Europe Crack (bloomberg)
  17. While Rising to Pop Stardom, Taylor Swift Built a Real-Estate Empire Worth North of $150 Million (wsj)
  18. Don’t Count Out the Consumer Yet (wsj)
  19. Stock Trader’s Almanac says investors should remain calm and is calling for stock gains of 10-15% this year (streetinsider)
  20. Michael R. Bloomberg: New York’s Legal Marijuana Policies Endanger Kids (bloomberg)
  21. UK backs Rolls-Royce project to build a nuclear reactor on the moon (cnbc)