Be in the know. 20 key reads for Friday…

  1. Consumers spent most of 2023 grumbling about the state of the economy while still spending away, and they could very well finish the year the same way. (barrons)
  2. Alibaba Starts Its Cloud Arm Overhaul After Nixing Spinoff. “Alicloud unit now hosts half of China’s generative AI firms and serves about 80% of the country’s technology companies.” (bloomberg)
  3. Xi Tolerance for Property Pain Nears Limit as Rescue Emerges (bloomberg)
  4. Black Friday Looks to Be Back in Full Force. Mostly. (barrons)
  5. Israel, Hamas Call Brief Truce for Hostage Release (wsj)
  6. Market Melt-Up Lures Biggest Inflows to Stocks Since Early 2022 (bloomberg)
  7. Tech’s Rally Isn’t Done. Smaller Stocks Are the Next to Gain. (barrons)
  8. Bank of America flags caution as investors pour $40 billion into the stock market (marketwatch)
  9. It’s the Most Wonderful Time of the Year (for the Economy) (nytimes)
  10. Gene Editing Will Change Medicine—and Maybe Health Investing Too (wsj)
  11. Next Year’s Holiday Gift May Be AI in Your Pocket (wsj)
  12. American Shoppers Have Plenty of Dry Powder (wsj)
  13. Dollar eases in thin Black Friday trading on bets rates have peaked (streetinsider)
  14. Why China and Boeing Still Need Each Other (nytimes)
  15. Cybertruck’s customer debut at Texas gigafactory coming soon (foxbusiness)
  16. Lunch with the FT. Tom Hanks: ‘I was a pretty lucky guy’ (ft)
  17. Exclusive: Nvidia delays launch of new China-focused AI chip -sources (reuters)
  18. Homebuyers can expect mortgage rates in the 6% range next year, says NAR’s Lawrence Yun (cnbc)
  19. Fed shifts into cautious policy mode as risks become more two-sided (reuters)
  20. China Plans to Buy Pork for Reserves Again to Stimulate Prices (bloomberg)