Be in the know. 20 key reads for Wednesday…

  1. Disney wins the 2024 box office as year-end receipts offer a welcome boost (cnbc)
  2. Treasuries Surge as Easing Inflation Boosts Fed Rate-Cut Bets (bloomberg)
  3. China Faces Harsh Dilemma as Its Currency Comes Under Pressure (wsj)
  4. Consumer & Technology Stocks Lead China Rally (chinalastnight)
  5. China stocks rise on report that Trump is considering a gradual approach to tariffs (yahoo)
  6. Joseph Tsai: BABA-W Imports US$50B Worth US Goods Annually to Help Cushion Trade Deficit (aastocks)
  7. Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says (cnbc)
  8. Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo (cnbc)
  9. Intel to spin off venture capital arm as chipmaker continues to restructure (cnbc)
  10. Odds of Multiple Rate Cuts in 2025 Are Rising (barrons)
  11. Treasury Yields, Dollar Fall Following December Inflation Data (barrons)
  12. Trump Plans ‘Energy Dominance’ Executive Orders After Inauguration (wsj)
  13. Access to Your Airport Lounge Is Getting Even Harder (wsj)
  14. ‘Red Note,’ a Chinese App, Is Dominating Downloads, Thanks to TikTok Users (nytimes)
  15. Housing Costs Show Signs of Cooling But Remain Sticky (bloomberg)
  16. China State Grid Plans Record $89 Billion Spend Amid Green Surge (bloomberg)
  17. Wall Street Sees Best CPI Day Since October 2023: Markets Wrap (bloomberg)
  18. How Scott Bessent Won Over MAGA and Wall Street (bloomberg)
  19. ‘Accidents waiting to happen’ in private credit, says Wellcome Trust (ft)
  20. Investors pour billions into S&P equal weight fund as tech fears rise (ft)