Be in the know. 27 key reads for Thursday…

  1. Federal Reserve To Shrink Balance Sheet This Fast; Nasdaq Leads Stocks Lower (investors)
  2. Expect a ‘shallow recession’ next year: Thomas Hayes (foxbusiness)
  3. Fed Signals It Will Act Sooner, and Stronger, Than Expected (barrons)
  4. Mocked as ‘Rubble’ by Biden, Russia’s Ruble Comes Roaring Back (bloomberg)
  5. Uber Is Pushing Its ‘Super App’ Plans With Broader Offerings in the U.K. (barrons)
  6. Warren Buffett’s Berkshire Hathaway Takes 11% Stake in HP (barrons)
  7. Charts suggest the market could rally after its current ‘short-term volatility spike,’ Jim Cramer says (cnbc)
  8. The Fed’s plan to rapidly slash its balance sheet is out. Here’s what happens to money in the system. (marketwatch)
  9. Tilray Stock Pops. Earnings Topped Estimates. (barrons)
  10. Fed Signals Rate Rises of Half-Point Could Be Warranted (wsj)
  11. The EU has paid Russia $38 billion for energy since the Ukraine war began. Now it’s considering escrow accounts to freeze the Kremlin’s revenue (businessinsider)
  12. Minutes Flag Value of Liquidity Tools (wsj)
  13. Twitter Says It Is Working on an Edit Button (wsj)
  14. Tiger Woods Is Back at the Masters—and Says He’ll Play to Win (wsj)
  15. Conservative Group Wants to Stop State Pensions From Pursuing ESG Initiatives (wsj)
  16. At the Frozen Four, Michigan Aims to Make Up for a Lost Year (nytimes)
  17. Inside a Campaign to Get Medicare Coverage for a New Alzheimer’s Drug (nytimes)
  18. Stocks Set for Pullback; Xi’s Resolve Tested: Evergrande Update (bloomberg)
  19. Fed Lays Out Plan to Prune Balance Sheet by $1.1 Trillion a Year (bloomberg)
  20. China’s $2.3 Trillion Infrastructure Plan Puts America’s to Shame (bloomberg)
  21. Walgreens expands its medical-care offerings in major California markets (cnbc)
  22. Loews Corporation is a ‘hidden gem’ in the rough, Jim Cramer says (cnbc)
  23. David Weils’ Confirmation Rejection Seen as Major Victory For Uber (UBER) and Peers – Mizuho (streetinsider)
  24. Rocket Companies (RKT) CEO Farner Loads Up $500,000 in Stock as Shares Lags on Rising Rates (streetinsider)
  25. Meta Platforms (FB) Plans to Create Virtual Coins and Tokens, Dubbed ‘Zuck Bucks’ – FT (ft)
  26. Hong Kong stocks begin to beat Chinese shares after languishing for a year as underdogs (scmp)
  27. Fed Fears Weigh on Foreign Sentiment Though Not Chinese Sentiment (chinalastnight)