Be in the know. 20 key reads for Wednesday…

  1. Here’s what might be the trade of 2023. How to dabble in it now. (marketwatch)
  2. 15 Biotech Stocks That Hit Year Highs Over The Last Week (investors)
  3. Alibaba, JD.com Are Rising. Let the U.S. Audits Begin. (barrons)
  4. Roy Lichtenstein’s ‘Water Lilies’ to Headline Phillips’ Editions Sale (barrons)
  5. China May Be Chasing Impossible Dream by Trying to Harness Internet Algorithms (wsj)
  6. Cameron Smith Leads New Wave of Defectors to LIV Golf (wsj)
  7. Serena Williams, Triumphant, Onward, for Another Night (wsj)
  8. The Options Market Is Accentuating the Swings in Stocks (wsj)
  9. Why Xi Jinping’s Third Term Doesn’t Mean He’ll Rule for Life (bloomberg)
  10. Xi’s Tech Crackdown Fuels Another Crisis: Out-of-Work Youth (bloomberg)
  11. Mark Zuckerberg’s Metaverse Pitch Is Falling Flat (bloomberg)
  12. Alibaba, Netease Picked in First Batch for US Audit Reviews (bloomberg)
  13. Russia just exported the most oil in any August on record, with Greek tankers handling most of the cargoes (businessinsider)
  14. Wharton professor Jeremy Siegel says inflation has already peaked – as he warns the Fed risks going overboard with its rate hikes and sparking a deep recession (businessinsider)
  15. Hedge funds have amassed a $37 billion short bet against Italy’s debt as the country faces an energy crisis and political uncertainty (businessinsider)
  16. Used-Car Market Cools As Prices Plunge To One Year Low (zerohedge)
  17. Royal Caribbean’s new partnership with SpaceX’s Starlink opens possibility to work remotely on cruise ships (foxbusiness)
  18. Alibaba’s clean-energy purchases avoid 620,000 tonnes of carbon emissions (scmp)
  19. As Warren Buffett turns 92, fans are tweeting his most timeless investing advice (marketwatch)
  20. The third richest man in the world behind Musk and Bezos is a college dropout whose fortune has surged $60 billion this year (marketwatch)