Be in the know. 17 key reads for Friday…

  1. Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth. (barrons)
  2. BofA Says Cash Is King as Investor Pessimism Hits 2008-Era High (bloomberg)
  3. Distressed-Mall Investor Now Targeting Aging Manhattan Offices (bloomberg)
  4. Boeing Settles With SEC For $200 Million Over 737 MAX. That’s a Positive. (barrons)
  5. Home Prices Are Softening. Fed Chair Powell Says That’s a Good Thing. (barrons)
  6. Home Buyers Have Put Their Plans on Hold. These Are the 7 Worst Housing Markets, According to Lennar. (barrons)
  7. How Student Debt Relief Could Boost the Housing Market (barrons)
  8. com, Cathay Pacific stocks jump as Hong Kong eases quarantine measures (scmp)
  9. Hang Seng & Shanghai Composite Approach Key Levels For Policy Support (chinalastnight)
  10. Bond sell-off worst since 1949, investor sentiment plummets – BofA (reuters)
  11. Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says (cnbc)
  12. Goldman Sachs cuts its S&P 500 forecast, says stocks will drop over 4% by the year’s end as the Fed stays aggressive (businessinsider)
  13. Russia partners like China and India expressing concerns over Ukraine may have forced Putin’s hand and driven him to try and end the war quickly, Russia scholar says (businessinsider)
  14. Investors are pricing in an additional 125-basis-point rate hike over the next 2 Fed meetings (businessinsider)
  15. Goldman Sachs says if the Fed nails a soft landing, don’t expect interest rate cuts until something goes wrong (businessinsider)
  16. World’s Central Banks Race to Raise Rates After Fed Increase (wsj)
  17. Audits of Chinese Companies Start to Face U.S. Inspections (wsj)