Be in the know. 22 key reads for Thursday…

  1. Nothing Would Say Forgiveness Like an Ant Group IPO (bloomberg)
  2. First Republic’s Catch-22 (wsj)
  3. Merck Beats Expectations (barrons)
  4. China Recognizes Ukraine’s Right to Exist. National Security Tensions Still Grip the Global Economy. (barrons)
  5. Mastercard Beat Shows Households Are Spending More on Travel. The Stock Rises. (barrons)
  6. An undiscovered universe of stocks is trading at ‘near generational lows,’ asset manager says (marketwatch)
  7. Powell Faces Pushback Inside Fed Over Need to Cool Wage Gains (bloomberg)
  8. Could the Fed pause next week? It’s not out of the question. (marketwatch)
  9. Consumer spending in U.S. rises at 3.7% rate in first quarter (marketwatch)
  10. First-quarter GDP climbs at lackluster 1.1% pace as businesses retrench (marketwatch)
  11. Deposit drops at First Republic and other banks merit a close look for systemic cracks, ex-Fed officials say (marketwatch)
  12. PacWest stock surges 14% as bank says deposits have been building in recent weeks (marketwatch)
  13. Amazon ripped off the Band-Aid. Does that mean big earnings are about to flow? (marketwatch)
  14. Comcast Tops Expectations. (barrons)
  15. Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year (wsj)
  16. Republicans Pass Debt-Ceiling Bill Aiming to Spark Talks With Biden (wsj)
  17. First Republic Bank Is a Problem With No Easy Solution (wsj)
  18. Demand for Beer and Handbags Help Temper Recession Fears for Now (bloomberg)
  19. First Republic Stuck in Standoff Between US and Banking Industry (bloomberg)
  20. US debt limit has seen 78 changes since 1960. This time is likely no different, says Bank of America’s wealth management team (businessinsider)
  21. China Life Profit Rises as Industry Recovers After Pandemic (bloomberg)
  22. BYD Crushes The Bug as Hong Kong Internet Names Rebound & Xi Calls Zelensky (chinalastnight)