Be in the know. 25 key reads for Thursday…

  1. Alibaba (BABA) Shares Jump as eCommerce and Cloud Demand Drives Solid Q4 Beat (streetinsider)
  2. Alibaba Sales Beat as Consumption Holds Up During Lockdowns (bloomberg)
  3. Shanghai Port Rebounds as Lockdown Loosens But Backlog Remains (bloomberg)
  4. CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024 (cnbc)
  5. Wall Street thinks the only thing that will save the stock market is a ‘Fed pause’ — but 3 things would need to happen first for the central bank to stop tightening (businessinsider)
  6. Shanghai’s lockdown will end ‘as scripted’, city’s Commissar says, as fewer than 50 Covid-19 cases show symptoms for second day (scmp)
  7. Sir John Templeton’s growth fund averaged 15% annual returns over a 38-year period. These 4 principles helped guide his career success, according to his great-niece Lauren. (businessinsider)
  8. China has 33 ways to get economy back on track, but critics say ‘adjusting zero-Covid strategy is key’ (scmp)
  9. Chances of a global recession are ‘touch and go’, economist Jim O’Neill says as he slams the Fed’s hawkishness and China’s COVID-zero policy (businessinsider)
  10. Amazon’s stock is about to get more affordable (foxbusiness)
  11. China’s economy in battle to keep growing, says premier (ft)
  12. Baidu beats revenue estimates helped by AI, cloud services (reuters)
  13. Fed Rate-Hike Pause in September May ‘Make Sense,’ Bostic Says (bloomberg)
  14. Under Armour Stock Got Pounded. The Comeback Will Be Slow. (barrons)
  15. Broadcom to Acquire VMware for $61 Billion in Mega Tech Deal (barrons)
  16. Southwest Airlines Raises Forecast for Revenue. Summer Bookings Are Speeding Up. (barrons)
  17. China pushes for regular mass testing in its ‘zero Covid’ pursuit. (nytimes)
  18. Splunk (SPLK) Stock Rises After Earnings Beat, Results Seen as ‘Solid’ (streetinsider)
  19. Opinion: Don’t believe the hype: The economy isn’t headed toward a recession, and the Fed isn’t ‘behind the curve’ on interest rates (marketwatch)
  20. Elon Musk’s Starlink Satellite Internet Hits 400,000 Users (zerohedge)
  21. Jack Ma’s Ant Ekes Out Profit Rise as Fintech Overhaul Advances (bloomberg)
  22. China holds an unprecedented massive videoconference on the economy (cnbc)
  23. Chinese Premier Li Keqiang warned of dire consequences if officials don’t move decisively to prevent the economy from sliding further (bloomberg)
  24. Xi Jinping’s First Trip Outside Mainland China in Over Two Years Is Set to Be Brief—or Scrapped (wsj)
  25. China’s Top Two Leaders Diverge in Messaging on Covid Impact (wsj)