Be in the know. 18 key reads for Wednesday…

  1. CPI data tees up Fed to begin gradually cutting rates next week (wsj)
  2. Shelter Inflation Makes 50 Basis Point Cut a Heavier Lift (wsj)
  3. Goldman Sachs Strategists Say Stocks Unlikely to Sink Into Bear Market (bloomberg)
  4. One of the world’s largest consulting firms will spy on employee locations as it forces workers back into the office (nypost)
  5. Google and Apple Face Billions in Penalties After Losing E.U. Appeals (nypost)
  6. Berkshire Hathaway Big Bet on Occidental Petroleum May Be Going Bad (barrons)
  7. Lithium Mining Stocks Are Soaring. Supply Is the Reason. (barrons)
  8. Alibaba Is Battling with Temu Parent PDD. Founder Jack Ma Says That’s a Good Thing. (barrons)
  9. Inflation unexpectedly cools to slowest rate in more than three years (foxbusiness)
  10. Alibaba Shares Rise on Hopes for Higher Demand From Mainland Investors (wsj)
  11. Sunbelt Manufacturing Boom Lures Property Investors (wsj)
  12. Fed Backpedals on Plan to Increase Big Bank Capital (wsj)
  13. Topgolf Sent Callaway Into the Rough (wsj)
  14. Lululemon Is Seeing a Slowdown in Its Women’s Business. Has It Reached Its Ceiling? (wsj)
  15. Here Are the Key Takeaways From the US CPI Report for August (bloomberg)
  16. Alibaba logistics arm Cainiao launches next-day delivery in Europe, builds new hubs (scmp)
  17. Alibaba founder Jack Ma urges business empire to remain steadfast, ‘believe in the future’ (scmp)
  18. “Mainland investors bought $400 million of stock today via Southbound Stock Connect versus yesterday’s $1.086 billion. It is worth noting Alibaba bought the equivalent of 719,500 US-listed ADRs yesterday, which means the buyback accounted for 4.7% of yesterday’s ADR volume (15.327 million ADRs shares traded).” (chinalastnight)