Be in the know. 23 key reads for Wednesday…

  1. US Inflation Shows Signs of Moderating, Giving Fed Room to Pause (bloomberg)
  2. Alibaba cancels chief technology officer position, spins off in-house tech service provider in sweeping overhaul (scmp)
  3. Chinese company earnings reveal lopsided economic recovery (reuters)
  4. New York’s Empty Office Buildings Lure Rich Families Hunting Bargains (bloomberg)
  5. CPI: U.S.’s headline annual inflation rate, at 4.9%, is lowest in two years (marketwatch)
  6. Meta-backed study says metaverse will be 2.4 per cent of US GDP by 2035 (scmp)
  7. PayPal Stock Is Sliding. Why Analysts Are Sticking With the Company After Earnings. (barrons)
  8. PayPal Is Growing, but Not the Way It Used To (wsj)
  9. Li Auto Sees EV Deliveries Surging. The Stock Is Rising. (barrons)
  10. Home Prices Fell in Third of the U.S. During First Quarter (wsj)
  11. ChatGPT Is Causing a Stock-Market Ruckus (wsj)
  12. Chinese export growth slowed in April as global trade cooled, underlining the importance of domestic spending as the main engine for the world’s second-largest economy after three years of strict Covid-19 controls. (wsj)
  13. Fox tops profit predictions as revenue jumps nearly 20% in Q3 (nypost)
  14. Biden, McCarthy Vow More Debt-Limit Talks as US Default Looms (bloomberg)
  15. Bank Bears Are Screening for the Wrong Factors: Report (barrons)
  16. A Small-Cap Rally Is Both Closer and Farther Away (barrons)
  17. Retailers Ramp Up Discounts to Try to Bring In Shoppers (barrons)
  18. Investment managers are most bearish on financials and real estate but tilt bullish on healthcare and consumer staples (marketwatch)
  19. The Post-Covid Spending Spree Is Dwindling. Why That Could Benefit The Fed. (barrons)
  20. Upstart Stock Soars. The Beaten-Down AI Company Delivers an Outlook Surprise. (barrons)
  21. First-to-Hike Emerging Markets Are Now Looking to Cut Interest Rates (bloomberg)
  22. Treasury yields tumble after April’s CPI increase is less than feared (cnbc)
  23. The chief investment strategist of JPMorgan Global Wealth explains why the worst thing investors can do right now is sit on cash — and shares 5 other high-conviction investment ideas (businessinsider)