Be in the know. 22 key reads for Tuesday…

  1. China Bets $1.8 Trillion of Construction Will Boost Economy (bloomberg)
  2. Alibaba Stock Rises on Launch of ChatGPT Rival. China’s AI Race Is Heating Up. (barrons)
  3. Fintech Jack Henry Is Safe From Banking Turmoil. Buy the Stock While It’s Cheap. (barrons)
  4. Left for dead, the traditional 60/40 investment strategy is about to make a comeback (marketwatch)
  5. Hedge funds have switched out of onshore stocks over the past two months in favour of Chinese stocks listed in Hong Kong and New York: Goldman report (scmp)
  6. Warren Buffett Visits Japan, Boosts Shares In Trading Houses, Weighs Buying More (zerohedge)
  7. Meet Tongyi Qianwen, Alibaba’s chatbot rival to ChatGPT (marketwatch)
  8. Can artificial intelligence reverse the tech downturn? Startups are hiring for the next big thing. (marketwatch)
  9. Why a long, shallow recession is more likely than ‘deep and long credit crunch contraction,’ says Mizuho (marketwatch)
  10. 12 charts show a global recession has already begun (marketwatch)
  11. Warren Buffett to Bolster Stakes in Japan’s Big Trading Houses. Stocks Jump. (barrons)
  12. Warner Bros. Discovery Stock Will Climb on DC Superhero Films: Analyst (barrons)
  13. The $76 Billion Diet Industry Asks: What to Do About Ozempic? (wsj)
  14. Occidental Makes a Billion-Dollar Climate Moonshot—So It Can Keep Pumping Oil (wsj)
  15. Tumbling Money Supply Alarms Economists Who Foresaw Inflation (bloomberg)
  16. CarMax Jumps as Profit on Used Vehicles Drives Earnings Beat (bloomberg)
  17. Intel’s Foundry Bet May Split The Market in Three (bloomberg)
  18. Nobel economist Paul Krugman says this is the best job market in decades, and the Fed doesn’t need high unemployment to bring down inflation (businessinsider)
  19. It’s time for the Fed to pause its war on inflation before it starts dragging down the US economy, top Moody’s economist says (businessinsider)
  20. ‘Succession’ and ‘Dr. Pimple Popper’ Together in New Warner Streaming App (nytimes)
  21. The BOJ Is Collecting Tens Of Billions In Dividends From ETFs It Owns (zerohedge)
  22. Boeing 737 MAX back in service at 11 Chinese airlines, US firm says (scmp)