Be in the know. 23 key reads for Wednesday…

  1. Disney Resort to partly reopen as Shanghai’s Covid-19 abates (scmp)
  2. Tencent to ‘distribute’ most of its $22bn Meituan stake in dividend (ft)
  3. Why biotech could be a place to hide in a U.S. recession (marketwatch)
  4. Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data (marketwatch)
  5. 20 Growth Stocks Are Now Actually Cheaper Than Value Stocks (investors)
  6. Did Buffett Make the Taiwan Semi Call? It’s Not Clear.
  7. Americans Are Still Shopping as Inflation Inches Lower, Data Show (barrons)
  8. Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’ (marketwatch)
  9. S. Supplier Price Increases Eased in October, Taking Pressure Off Inflation (wsj)
  10. Biden-Xi Talks Mark Shift in U.S.-China Ties Toward Managing Fierce Competition (wsj)
  11. Activist Investor TCI Calls on Google Parent Alphabet to Slash Costs (wsj)
  12. Target Earnings, Sales Sapped as Consumers Pull Back (wsj)
  13. Home-Builder Stocks Rebound (wsj)
  14. Disney World to hike Magic Kingdom ticket prices to as high as $189 for entry (nypost)
  15. Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade (nytimes)
  16. China Remains a Massive Opportunity for Firms: Former UBS Chair (bloomberg)
  17. Why do people invest in crypto? ‘It’s partly fraud and partly delusion,’ says Charlie Munger. (marketwatch)
  18. Missile strike on Poland unlikely to be ‘deliberate attack’, Nato says (ft)
  19. Xi Looks Away From Putin Toward West in Return to World Stage (bloomberg)
  20. US Plans to Unveil More Data on Treasuries Trading to Help Bond Market (bloomberg)
  21. Buy these 10 extremely undervalued stocks with strong dividend growth as recession fears linger, Morningstar analyst says (businessinsider)
  22. Home builder sentiment continues to sour in November (marketwatch)
  23. Tencent Slims Down as Beijing Lightens Up (wsj)