Be in the know. 25 key reads for Wednesday…

  1. Opinion: The Facts Have Changed. The Fed’s Plans Should, Too. (marketwatch)
  2. Google Releases Bard, Its Competitor in the Race to Create A.I. Chatbots (nytimes)
  3. Money-market funds swell to record $5.4 trillion as assets pour in at fastest pace since pandemic after SVB collapse (marketwatch)
  4. America’s most powerful weapon to beat China and Russia in Cold War 2.0 is free trade (marketwatch)
  5. Warren Buffett’s Likely Successor Buys $24.6 Million in Berkshire Stock (barrons)
  6. Jerome Powell Has ‘Failed,’ Should Not Be Fed Chairman, Says Sen. Elizabeth Warren (barrons)
  7. Here’s one for the battered bulls: the second-largest sector in the S&P 500 is stirring to life, says this strategist. (marketwatch)
  8. Canada Shouldn’t Be an Afterthought (barrons)
  9. Federal Reserve Meeting: Rate Hike Likely, But U-Turn Is Near; S&P 500 Gains (investors)
  10. Opinion: ‘Someone needs to tell Jerome Powell that this is not a kill-at-all-costs mission.’ Cut interest rates now to prevent a full-blown banking crisis. (marketwatch)
  11. Fed’s ‘dot plot’ seen diverging from market over future path of interest rates (marketwatch)
  12. Opinion: Bank insider action tells us the battered financial sector is a buy: These 4 regional bank stocks are tempting those in the know. (marketwatch)
  13. Bill Gates says AI is only the second revolutionary tech advancement in his lifetime (marketwatch)
  14. Hedge fund boss Jeff Gundlach shreds Credit Suisse creditors: ‘Put on your big boy pants’ (nypost)
  15. TikTok Reassures Advertisers Over Ban Threat as Some Set Backup Plans (wsj)
  16. Chip Makers Find Out How to Get 25% Investment Tax Credit (wsj)
  17. Google Launches Bard AI Chatbot to Counter ChatGPT (wsj)
  18. What Google Bard Can Do (and What It Can’t) (nytimes)
  19. Fed Caught Between Inflation and Bank Crisis in Crucial Meeting (bloomberg)
  20. 30-Year Mortgage Rate Falls to a Five-Week Low (bloomberg)
  21. Phillips to Auction Last Qing Emperor’s Patek Philippe Watch (bloomberg)
  22. Banks’ AT1 Bonds Climb as Goldman Flags Opportunity to Buy (bloomberg)
  23. Bill Gates Says “The Age Of AI Has Begun” (zerohedge)
  24. Nike beats expectations as sales rise 14% from last year; analysts bullish (streetinsider)
  25. Tencent beats quarterly profit forecasts, helped by cost-saving efforts (scmp)