Be in the know. 19 key reads for Wednesday…

  1. China Stimulus Calls Mount From State Media, Top Advisers (bloomberg)
  2. Alibaba founders Jack Ma, Joe Tsai appear in Hangzhou in show of confidence amid corporate reshuffling
  3. Powell Heads to the Hill. Cue Tough Talk. (barrons)
  4. Jack Ma Ally Joe Tsai to Take Helm of Alibaba (wsj)
  5. 15 Biotech Stocks Wall Street Analysts Say Are Too Cheap (barrons)
  6. Amazon’s Stock Price Target Is Lifted on Expected AI-Driven Gains (barrons)
  7. 3M’s Dividend Dilemma (barrons)
  8. SoftBank’s Masayoshi Son Had His Cry. Now He’s in Love Again—With ChatGPT. (wsj)
  9. One-Percenters Keep Shopping at the Dollar Store (wsj)
  10. China Cuts Borrowing Rates Again in Bid to Juice Recovery (wsj)
  11. Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary (wsj)
  12. KKR’s McVey Says Investors Too Cautious, Sees Stronger US Growth (bloomberg)
  13. BofA client data shows biggest equity inflows since October (streetinsider)
  14. China unveils $72 bln tax break for EVs, other green cars to spur demand (reuters)
  15. Intel to sell 20% stake in Austrian chip company (yahoo)
  16. Bill Gates’ venture firm, with backing from Jeff Bezos and Jack Ma, just minted a $1 billion A.I. unicorn that uses machine learning for mining rare earth metals crucial for EVs (yahoo)
  17. China furious after Biden calls Xi a ‘dictator’ (ft)
  18. The bull run in emerging market currencies can extend (ft)
  19. Taobao ‘618’ Livestream Viewers Scale Up 43% (aastocks)