Be in the know. 15 key reads for Thursday…

  1. China’s services activity expanded at a faster pace than expected in July in a sign of resilience, a private survey showed (bloomberg)
  2. For Amazon, the Cloud Will Be Key (barrons)
  3. Chinese tech giant Alibaba challenges Meta with open-sourced A.I. model launch (cnbc)
  4. Buffett Not Worried About Fitch Downgrade, and He’s Putting His Money Where His Mouth Is (barrons)
  5. PBOC Pledges More Financial Resources for Private Firms (bloomberg)
  6. US Yield Curve Control Not Here Yet, But It’s Coming (zerohedge)
  7. Amazon’s efficiency efforts will grow its market share significantly, says Scott Mushkin (cnbc)
  8. Maybe the ‘most anticipated recession’ won’t come after all (yahoo)
  9. Charlie Munger Asks, ‘Do You Want To Be More Like Me Or More Like Them?’ — Why He Believes Diversification Is An ‘Impossible And Agonizing Task’ Any Idiot Can Do (yahoo)
  10. Third Point Boosts Stock Exposure (institutionalinvestor)
  11. Alibaba logistics arm Cainiao launches half-day express delivery in 8 cities (scmp)
  12. US-China Diplomatic Green Shoots As Profit-Taking Hits (chinalastnight)
  13. Bank of America Reversed Recession Call on Strong Jobs and Spending, CEO Says (bloomberg)
  14. US Productivity Jumps by Most Since 2020, Blunting Labor Costs (bloomberg)
  15. Americans are going abroad in droves — at the expense of domestic travel (cnbc)