Be in the know. 35 key reads for Saturday…

  1. UBS breaks down why inflation may have peaked at 8.5% – and shares 6 stock market sectors that now look cheap to navigate the uncertainty (businessinsider)
  2. Sustainable Investing Failed Its First Big Test. A Reckoning Is Coming. (barrons)
  3. China’s Central Bank Takes Small Steps to Support Economy (wsj)
  4. China’s Commitment to Covid-Zero Undermines Support for Market (bloomberg)
  5. Joe Biden resumes oil and gas leases on federal land (ft)
  6. China cuts banks’ reserve rules in effort to combat economic impact of Covid (ft)
  7. Hong Kong Reports Fewer Than 1,000 Covid Cases for Second Day (bloomberg)
  8. Big Banks’ Earnings Show a Clampdown on IPOs, M&A (barrons)
  9. For FedEx Founder Fred Smith, the Sky Is Still the Limit (wsj)
  10. China frees up $83 billion in cash for its banks as the economy faces its slowest growth in 3 decades (businessinsider)
  11. How FedEx Stock Can Finally Deliver (barrons)
  12. Opinion: Stocks tanked in Q1, but this new research shows there should be a reversal by the end of June (marketwatch)
  13. Who Burned Down the Sculpture of Xi Jinping at a California Park? (wsj)
  14.  It’s a Bright New Day for AT&T—and Its Investors (barrons)
  15. New Jersey Will Start Selling Recreational Marijuana. What It Means for Pot Stocks. (barrons)
  16. A Big Weapon in the Pandemic Fight: Antivirals (barrons)
  17. How Tech-Trend Guru Mary Meeker Sees the World Now (barrons)
  18. China, unlike other countries, seeks more lending to help its economy. (nytimes)
  19. ‘Too smelly to sleep’: Thirteen days in a Shanghai isolation facility. (nytimes)
  20. Why Corporate Insiders Sat Out the First Quarter (barrons)
  21. The New York Auto Show is Back (barrons)
  22. Is U.S. Booming or Busting? Hard to Tell as Numbers Speak From Both Sides of Their Mouth. (barrons)
  23. Cheap Thrills: Munis Are Down So Much That They’re Buys Again (barrons)
  24. Musk Math: A Look at the Numbers Behind the Bid for Twitter (barrons)
  25. Why Twitter Shareholders Should Sell Out to Elon Musk (barrons)
  26. Tesla Could Reopen Its Shanghai Factory Next Week: Report (barrons)
  27. Here’s What Elon Musk Can Do if Twitter Rejects His $43 Billion Bid (barrons)
  28. Russia on verge of default after making payments in rubles, Moody’s warns (nypost
  29. Elon Musk considering bringing in partners on Twitter bid: sources (nypost)
  30. Dogecoin can become internet’s currency with key change: Robinhood CEO (nypost)
  31. How I Got Here: Michael Phelps (bloomberg)
  32. Several Million Seen Staying Out of Labor Force Indefinitely (wsj)
  33. The Chips That Rebooted the Mac (wsj)
  34. News in-depth. ‘You have to do things perfectly . . . but it’s so secret’ — how to build an oligarch’s yacht (ft)
  35. Death of Shanghai health worker sparks online zero-Covid anguish (scmp)