Be in the know. 30 key reads for Friday…

  1. Xi Jinping tells Bill Gates he hopes US-China friendship will continue (reuters)
  2. Citi Predicts CN May Online Retail Sales to Grow +19%, Forecasts BABA 1FQ24 Revenue to Rise 8% (aastocks)
  3. China Plans New Spending Drive, Other Stimulus to Revive Flagging Economy (wsj)
  4. Alibaba founder Jack Ma is ‘alive’ and ‘happy,’ top exec says after China’s tech crackdown. Ma is still Alibaba’s biggest shareholder and that shows the billionaire’s commitment to the company. (cnbc)
  5. China’s Xi tells Bill Gates he’s the ‘first American friend’ he met in Beijing this year (cnbc)
  6. Cava IPO is ‘right thing at the right time’ for company: Strategist (yahoo)
  7. China plans big stimulus jolt and looser property rules as Beijing reaches for stronger measures to revive economy (businessinsider)
  8. Billionaire Ashley Sees Online Upside in Asos (bloomberg)
  9. Alibaba to launch local versions of its China e-commerce site in Europe (cnbc)
  10. Gene Editing Is Working. Wall Street Is Taking Notice. (barrons)
  11. Fed Emergency Bank Bailout Facility Usage Hits New Record High; Money Market Funds See Small Outflow (zerohedge)
  12. PayPal stock a buy: Strategist gives 3 reasons why (yahoo)
  13. Cava Had a Big Debut. It Could Be a Catalyst for IPOs. (barrons)
  14. Amazon Should Surpass Walmart as Largest U.S. Retailer, Analyst Says. It Won’t Be Easy. (barrons)
  15. Intel Plans $4.6 Billion Plant in Poland to Meet Europe Chip Demand (barrons)
  16. Here’s who will drive a China stock comeback, according to veteran investor Mark Mobius (marketwatch)
  17. Spring Spending Surge Pushes Growth Despite Rate Rises (wsj)
  18. European Central Bank Raises Rates, Signals More Hikes to Come (wsj)
  19. How Did the World’s Coolest Air Conditioner Get So Hot? (wsj)
  20. China Had Better Listen to What Blinken Has to Say (bloomberg)
  21. Steve Eisman Says His Big Bet Now Is on US Infrastructure (bloomberg)
  22. Working From Home Becomes a Once-a-Week Treat for More Office Goers (bloomberg)
  23. Fed Chair Jerome Powell says the housing market is bottoming and ‘maybe moving up a little bit’ (businessinsider)
  24. Oracle is riding the AI wave, but growth concerns remain: analyst (marketwatch)
  25. S. equity funds register biggest weekly inflow in 28 months (reuters)
  26. Investors pour into equities to ‘chase the bull’, says BofA (reuters)
  27. Chinese meal-kit company DDC Enterprise files for IPO with plans to list on NYSE (marketwatch)
  28. Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga (cnbc)
  29. Micron to invest US$600 million on China plant despite Beijing’s ban (scmp)
  30. Hong Kong stocks hit 6-week high as Beijing seen delivering more stimulus (scmp)