Be in the know. 20 key reads for Friday…

  1. Chinese Tech Stocks Near Technical Bull Market (bloomberg)
  2. European Stocks Hit Record as Upbeat Earnings Temper Trade Fears (bloomberg)
  3. DeepSeek’s emergence is a ‘Sputnik moment’ not just for AI, but for China, which is ‘outcompeting the rest of the world’, bank says (scmp)
  4. Trump’s focus on 10-year Treasury yield to cut borrowing costs raises curiosity — and problems (marketwatch)
  5. One of the few surviving Gilded Age mansions designed by a revered NYC architect has listed for a massive discount (nypost)
  6. Trump is ‘not bluffing’ on Gaza takeover, will do ‘what it takes,’ sources close to prez say (nypost)
  7. C.A.A., Following Trump’s Order, Excludes Transgender Athletes From Women’s Sports (nytimes)
  8. Bessent Projects Normalcy While ‘Completely Aligned’ With Musk (bloomberg)
  9. Trump Will Seek to End Carried Interest, Expand SALT in Tax Bill (bloomberg)
  10. Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity’ in AI (cnbc)
  11. Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates (cnbc)
  12. Japan’s household spending massively beats expectations, boosting case for further BOJ hikes (cnbc)
  13. Amazon’s outlook underwhelms as tech giant forecasts ‘lumpy’ cloud growth in years ahead (marketwatch)
  14. Tech Giants Double Down on Their Massive AI Spending (wsj)
  15. Amazon Earnings: Shares Fall After Sales Outlook Is Weaker Than Expected (wsj)
  16. Former UPenn Athletes Sue To Expunge Trans Swimmer Lia Thomas’ Records (zerohedge)
  17. Trump administration to keep only 294 USAID staff out of over 10,000 globally, sources say (reuters)
  18. BOJ’s fresh take on labour crunch opens door for more rate hikes (reuters)
  19. XPO Stock Soars. Freight Demand Is Looking Up. (barrons)
  20. Mortgage Rates in US Decrease for Third Week, Slipping to 6.89% (bloomberg)