Be in the know. 25 key reads for Wednesday…

  1. Powell Inches the Fed Closer to Cutting Rates (wsj)
  2. Why China’s Third Plenum Matters for Global Investors (bloomberg)
  3. Powell remarks on day one suggested September cut (marketwatch)
  4. China’s central bank arms itself for rare bond market intervention (ft)
  5. Intel’s momentum has flipped as stock looks to book five-session winning streak (marketwatch)
  6. Great Hill Capital LLC Chairman and managing member Thomas Hayes discusses Fed Chair Powell’s testimony ahead of the release of the highly anticipated inflation data. (foxbusiness)
  7. The S&P 493’s earnings recession is over (yahoo)
  8. Internet Stocks Mostly Rebound, National Team Rumored To Be Buying Small Cap ETFs (chinalastnight)
  9. BABA-SW Offloads 3.9M Shrs of CLOUD MUSIC to Cash in $350M+ (aastocks)
  10. US economy no longer overheated, Fed’s Powell tells Congress (reuters)
  11. Fed’s Powell: “More good data” will “strengthen” case for rate cut (reuters)
  12. Disney to add new ship in Tokyo to expanding cruise business (reuters)
  13. Exclusive: Fed may tweak rule that could save biggest US banks billions (reuters)
  14. Alibaba bets on generative AI tools to help cross-border merchants, executive says (scmp)
  15. Exclusive Ivy League Social Clubs Are Desperate for Members (wsj)
  16. Boeing likely to suffer minimal impact from guilty plea, analysts predict (ft)
  17. Intel rally due to a ‘clear short cover trade underway in semis’ – Mizuho (streetinsider)
  18. A double cheeseburger for $1.99? Why fast-food prices are going even lower. (marketwatch)
  19. Taiwan Semiconductor Leads Chip Stocks Higher. (barrons)
  20. It Might Be Time to Sell Some of Your AI Stocks (barrons)
  21. Powell Testimony Today: Stocks Edge Up Ahead of Fed Chair’s Second Day of Remarks (wsj)
  22. US Natural Gas Bulls Finally Get Some Good News (bloomberg)
  23. 3M’s CFO Steps Down After Leadership Shakeup, Health Spin (bloomberg)
  24. China’s ETF market sees ‘explosive’ growth, inflows jump 5-fold in three years, Morningstar says (cnbc)
  25. Instead of Buying the Dip on Stock-Split Stocks Like Nvidia and Broadcom, Consider These 3 Semiconductor Stocks (fool)