Be in the know. 23 key reads for Thursday…

  1. TRIP.com says China hotel bookings are surpassing pre-pandemic levels (cnbc)
  2. EXCLUSIVE China sends regulators to Hong Kong to assist U.S. audit inspection-sources (reuters)
  3. Japan Intervenes to Support Yen for the First Time Since 1998 (yahoo)
  4. The Fed Raises Rates by 0.75 Point, Flags Higher Peak Than Expected (barrons)
  5. The Dollar Is Too Strong. Japan Is Fighting Back. (barrons)
  6. JPMorgan Chase CEO says stopping oil and gas production would be ‘road to hell’ for US (nypost)
  7. Mergers Might Get Easier. Watch These ‘Arb’ Stocks. (barrons)
  8. The Fed Went Big on Its Rate Hike. But the Bank of England Went for a Half-Point. (barrons)
  9. Goldman Lifts Fed Rate Hike Forecast on ‘Somewhat Hawkish’ Powell Comments (barrons)
  10. Nervous Investors Are Slamming Tech Deals. Just Look at Adobe. (barrons)
  11. The stock market tumbled because Jerome Powell’s Fed ‘isn’t going to blink’ (marketwatch)
  12. S&P 500 sees its third leg down of more than 10%. Here’s what history shows about past bear markets hitting new lows from there, according to Bespoke. (marketwatch)
  13. The Fed Signals More Pain. Volatility Is Sticking Around Too. (barrons)
  14. Royal Caribbean stock gains after disclosing bookings were ‘significantly outpacing’ pre-pandemic levels (marketwatch)
  15. Jamie Dimon: Bitcoin and Other Crypto Tokens Are ‘Decentralized Ponzi Schemes’ (barrons)
  16. Lennar and KB Home Beat Earnings Estimates. But Home Orders Slowed. (barrons)
  17. Estee Lauder Has Tumbled. Why That Could Change. (barrons)
  18. Facebook Parent Meta Wants to Cut Costs by at Least 10%: Report (barrons)
  19. Here’s why Nordstrom just adopted a ‘poison pill’ plan (nypost)
  20. Powell Signals Recession May Be Price to Pay for Crushing Inflation (bloomberg)
  21. Currencies Swing as Fed Hike Prompts Others to Move (wsj)
  22. Citrix Debt Deal Prices With Large Losses for Banks (wsj)
  23. ‘Bond King’ Jeff Gundlach says the Fed’s devotion to big rate hikes means there’s now a 75% chance of a US recession next year (businessinsider)