Be in the know. 14 key reads for Friday…

    1. Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status, the company said on Friday, a move that is expected to attract huge investments from mainland China. (reuters)
    2. Alibaba gains as it swaps Hong Kong listing status to tap China funds (scmp)
    3. Alibaba swaps its listing status in Hong Kong, clears the way for mainland investments. The move would qualify the technology behemoth to sell shares to mainland China’s 220 million stock investors (scmp)
    4. China Vows to Quicken Buying Unsold Homes for Public Housing (bloomberg)
    5. China Bond Trading Collapses Amid PBOC Crackdown on Record Rally (bloomberg)
    6. ‘It’s Just Atrocious’: Jobs Data Snafu Stirs Fury on Wall Street (bloomberg)
    7. Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole (cnbc)
    8. Yen Climbs as Ueda Indicates That Rates Can Go Higher in Japan (bloomberg)
    9. US 30-year fixed-rate mortgage slips to lowest level since May 2023 (reuters)
    10. Auto Industry’s EV Retreat Hastens (wsj)
    11. Advance Auto Parts to Sell Worldpac to Carlyle for $1.5 Billion (wsj)
    12. Jackson Hole History Points to Powell Sidestepping Market Shocks (bloomberg)
    13. Estee Lauder has ‘lots of positives ahead’ – Piper Sandler (streetinsider)
    14. Investors’ expectations for European inflation fall to lowest since 2022 (ft)