Be in the know. 21 key reads for Thursday…

  1. Alibaba stock shoots higher after company beats on earnings, says business improved in June (marketwatch)
  2. 80% of new IRS revenue will come from small businesses earning under $200K: tax experts (nypost)
  3. SoftBank raises $22bn in moves to sell down Alibaba stake (ft)
  4. Tiger Global blames inflation after 50% drop in flagship hedge fund (ft)
  5. Big Tech Is the West’s Surprise Weapon in Competition With Russia, China (wsj)
  6. Russia Claims Capture of Donbas Position Long Held by Ukrainian Forces (wsj)
  7. Iran Nuclear Negotiators to Meet in Last-Ditch Effort to Revive Deal (wsj)
  8. Phone Hacks to Get You Out of Customer-Service Hold (wsj)
  9. Michael Saylor Bet Billions on Bitcoin and Lost (wsj)
  10. Alnylam Shares Soar as Drug Trial for Heart Disease Delivers Positive Results (wsj)
  11. MMA fighter springs into action to take down NYC assault suspect (nypost)
  12. Sinema Stalls Revamped Reconciliation Bill, Demands Several Changes (zerohedge)
  13. Goldman, Bernstein Strategists Say Stock Rally Set to Fade (bloomberg)
  14. Lamborghini CEO on Going All Electric: ‘We Don’t Need to Decide Now’ (bloomberg)
  15. Facebook parent Meta is looking to potentially tap the bond market for the first time ever (businessinsider)
  16. The Federal Reserve is playing with fire as recession risk rises, says the top strategist at JPMorgan Asset Management. Here are 4 ways investors can protect their money. (businessinsider)
  17. Alibaba Sales Better Than Feared in Defiance of Economic Turmoil (yahoo)
  18. Alibaba appoints two independent directors as it seeks Hong Kong primary listing (scmp)
  19. Why the U.S. stock rally looks more like a new bull market than a bear bounce to these analysts (marketwatch)
  20. WTI Oil Falls Below $90 for First Time Since Ukraine Invasion (bloomberg)
  21. Jack Ma’s Ant Sees Profit Fall 17% After Regulatory Setback (bloomberg)