Be in the know. 22 key reads for Friday…

  1. Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 5% (cnbc)
  2. Deutsche Bank Now Modeling German Households Chopping Wood To Keep Warm This Winter (zerohedge)
  3. Here’s why Britain’s Warren Buffett is sticking with Facebook’s parent and other beaten down techs (marketwatch)
  4. Fed Official Says 0.75-Point Interest Rate Rise Seems Most Likely in July (wsj)
  5. Biotech Stocks Strengthen: Here’s How To Find The Real Leaders (barrons)
  6. Retail sales rose more than expected in June as consumers remain resilient despite inflation (cnbc)
  7. JPMorgan CEO Dimon sums up U.S. economy in one paragraph (cnbc)
  8. Exclusive: Great Hill Capital’s Thomas Hayes Says ‘Expect More Pain’ For Energy Longs (benzinga)
  9. Retail Sales Actually Slowed Down. What It Means for the Fed. (barrons)
  10. How Apple Could Build Out a $20 Billion Ad Business (barrons)
  11. Qualcomm Is a Top Stock Pick on Valuation, Says J.P. Morgan (barrons)
  12. Copper Prices Fall Lowest in 20 Months. (barrons)
  13. China’s Auto Sales Boom. Can the Rebound Last? (barrons)
  14. Rail Stocks Are a Bargain Now, Analyst Says. He Upgraded Two. (barrons)
  15. Citigroup Earnings Show the Bank’s Turnaround Is on Track (barrons)
  16. Alibaba Executives Called In by China Authorities as It Investigates Historic Data Heist (wsj)
  17. Once Known as the Land of Hooters and ‘Magic Mike,’ Tampa Has Discovered Its Cool Factor (wsj)
  18. China’s Economic Comeback From Covid-19 Shutdowns Likely to Be Slow and Bumpy (wsj)
  19. US Factory Output Declines for a Second Month on Consumer Goods (bloomberg)
  20. Fed’s Bostic Signals He Doesn’t Favor a 100 Basis-Point July Fed Rate Hike (bloomberg)
  21. New York Manufacturing Expands for First Time in Three Months (bloomberg)
  22. Reverse Bullwhip Arrives: Amazon Prime Day Blows Away Record Thanks To “79% Off” Discounts (zerohedge)