Be in the know. 15 key reads for Wednesday…

  1. Panic Creeps Up as VIX Curves Invert for First Time Since March (bloomberg)
  2. CCTV reported that, for the Golden Week holiday (Mid-Autumn Festival), “There were a total of 395 million domestic tourism trips taken, a year-over-year increase of 75.8%, and domestic tourism revenue was 342.24 billion yuan, a year-over-year increase of 125.3%.” (chinalastnight)
  3. Ford, GM Lay Off More Factory Workers Amid UAW Strike. (barrons)
  4. Nvidia and Intel Are Bright Spots in a Soft Chip Market, Analyst Says (barrons)
  5. Amazon Stock Is Under Pressure. Why Two Analysts Think You Should Be a Buyer. (barrons)
  6. 3 Reasons U.S. Treasury Yields Are Rising (barrons)
  7. Why Rising Interest Rates Hurt Bank Stocks Instead of Helping Them (barrons)
  8. Intel to Make Former Altera Into Standalone Business, Seek IPO (bloomberg)
  9. Americans Are Still Spending Like There’s No Tomorrow (wsj)
  10. Real Estate Investors Say Portugal Needs More Homes, Not Fewer Tax Breaks for Foreigners (bloomberg)
  11. Auto companies could sacrifice stock buybacks to help pay for union demands, analyst says (businessinsider)
  12. CHART OF THE DAY: China may be the source of surging US bond yields as Beijing dumps Treasurys (businessinsider)
  13. Medicare drug price negotiations move forward with all drugmakers participating, White House says (marketwatch)
  14. 5 Damaged Dow Jones Industrial Dividend Leaders Have Huge 2024 Comeback Potential (24/7 Wall Street)
  15. China Evergrande shares soar on speculative bets that ‘worst is over’ (scmp)