Be in the know. 25 key reads for Wednesday…

  1. China pledges support to tech companies after market rout. Beijing’s top economic official holds meetings with executives and industry experts (ft)
  2. Shanghai Opens for More Bankers at Offices as Lockdown Eases (bloomberg)
  3. Time to Buy Information Tech Stocks After Drop, Jefferies Says (bloomberg)
  4. Retail Sales Data and Latest Earnings Suggest U.S. Isn’t in Recession Just Yet (barrons)
  5. Fed’s Bullard Says Markets Have Priced in Central Bank Tightening (wsj)
  6. Boeing Needs to Fire CEO David Calhoun (247wallst)
  7. Why Warren Buffett Bought Paramount, Not Netflix, Stock (barrons)
  8. Boeing Is Launching Its Reusable Space Capsule. What to Know About Starliner. (barrons)
  9. Why this investor who paid $650,000 to lunch with Buffett isn’t buying or selling stocks right now (marketwatch)
  10. Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered (marketwatch)
  11. Is it now or never for a stock rally? Fund managers’ cash pile is the biggest since 2001, says Bank of America (marketwatch)
  12. Fed’s Powell says a ‘softish landing’ for U.S. economy is plausible (marketwatch)
  13. Take-Two Stock Had Its Best Day Since 2017. Here’s Why. (barrons)
  14. China Eastern Black Box Points to Intentional Nosedive (wsj)
  15. S. Consumers Are Almost Too Healthy (wsj)
  16. Walmart’s Inflation Squeeze Isn’t All Bad (wsj)
  17. Pfizer’s Tight Paxlovid Rein Stymies Drug Combination Research (bloomberg)
  18. Tech’s High-Flying Startup Scene Gets a Crushing Reality Check (bloomberg)
  19. Russia Default Risk Surges as US Prepares to End Key Bond Waiver (bloomberg)
  20. Surging Dollar Stirs Markets Buzz of a 1980s-Style Plaza Accord (bloomberg)
  21. Cliff Asness Is ‘Confident’ Value Stocks Will Continue to Outperform (institutionalinvestor)
  22. Big investors increase cash holdings to highest levels since 9/11 attack (ft)
  23. Vice Premier Attends Internet Meeting (chinalastnight)
  24. Goldman Sachs cuts its China GDP forecast to 4% on Covid controls (cnbc)
  25. Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer (bloomberg)