Be in the know. 17 key reads for Wednesday…

  1. China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks. Officials proposed rate cuts of about 80 basis points. Move to boost household consumption, ease pressure on banks (bloomberg)
  2. Nvidia Stock Drops Again. ‘Its Valuation Is Out of Control.’ (barrons)
  3. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  4. The average analyst price target for Boeing shares is about $214. (barrons)
  5. How Immigration Remade the U.S. Labor Force (wsj)
  6. Qualcomm-Arm processor chips have compatibility problems with ‘Fortnite’ and other titles (wsj)
  7. Intel will evaluate its next steps at a board meeting in mid-September, according to people familiar with the matter. (bloomberg)
  8. China Is Trading Its Own Bonds to Stifle a Runaway Bond Rally (bloomberg)
  9. The Black Hole of Private Credit That’s Swallowing the Economy (bloomberg)
  10. China Stocks Listed in US Near Cheapest Ever Versus Nasdaq Peers (bloomberg)
  11. Alibaba Embraces Tencent’s WeChat Pay as China’s Tech Walls Fall (bloomberg)
  12. Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting (cnbc)
  13. Nvidia, beware — the top spot in S&P 500 valuations is often a slippery slope (marketwatch)
  14. Temu’s Parent, a Victim of Competition or Its Own Success? (wsj)
  15. Fed’s Bostic: Economy is ‘losing momentum’ but there is no sense of looming crash or panic from business leaders (marketwatch)
  16. Alibaba sets up new ‘digital technology’ firm under e-commerce unit Taobao and Tmall Group (scmp)
  17. Growth Stocks Rebound As Banks’ Balance Sheets Face Mortgage Refinancing (chinalastnight)