Crown Castle Announces Comprehensive Fiber Review and Additions to the Board (crowncastle)
If Xi’s government privatizes inefficient state-owned enterprises, expands access for foreign businesses, and provides more social services and better protection of private property, the economy would embark on a much stronger growth path. (bloomberg)
Buy Now Pay Later Is Booming. Shoppers Tell Us Why. (barrons)
Intel CEO Says Company Will Beat TSMC and the U.S. Will Stay Ahead of China in AI Race. Here’s Why. (barrons)
Alibaba CEO Takes Direct Control of Domestic E-Commerce Businesses (wsj)
Powell’s Pivot Sows Confusion Over When and How Fast Fed Will Cut (wsj)
These Tesla Wannabes Are Running Out of Road (wsj)
The Hedge Fund Traders Dominating a Massive Bet on Bonds (bloomberg)
“Eddie’s leadership of both Alibaba Cloud and [Taobao and Tmall Group] will ensure total focus on, and significant and sustained investment in, our two core businesses of cloud computing and e-commerce, as well as enabling TTG to transform through technology innovation,” Tsai’s letter said. (cnbc)
Alibaba Group CEO Wu Yongming also serves as Taotian Group CEO to ensure unified command of core strategies (alibabanews)
Hema, Ele.me, Alibaba Digital Media & Entertainment: News on Capital Planning Untrue (aastocks)
Crown Castle hires bankers for strategic review of its fiber business as part of pact with Elliott Investment Management (marketwatch)
Alibaba’s Damo Academy forms new unit as home for over 100 postdoctoral researchers (scmp)
Shanghai Disney Resort opens world’s first Zootopia-themed attraction (scmp)
Demise of Small Caps Haunts Wall Street in the Age of Big Tech (bloomberg)
Holiday spending to be up big even as approval of Biden hits new low, CNBC economic survey shows (cnbc)
The Fed could guide small-cap stocks toward a ‘sweet spot’ as it gets ready to slash interest rates, longtime Morgan Stanley bear says (businessinsider)
BABA Cuts Stake in XPENG to 7.5% to Cash in USD391M (aastocks)
The market is second-guessing its dovish reaction to Powell. This analyst says the Fed could slash rates by as much as 4 percen–tage points. (marketwatch)
There are rarely this many stocks ‘overbought’ — but usually it’s a good sign (marketwatch)
Goldman Sachs has already lifted its S&P 500 target for 2024 (marketwatch)
Buy Amazon.com Stock for its Booming Cash Flow (barrons)
Hedge Fund Titan Boaz Weinstein Gears Up For a $240 Billion Crusade (bloomberg)
VFC: The company said while its retail stores are open globally and consumers can place orders on most of its brand e-commerce cites, its “ability to fulfill orders is currently impacted.” (barrons)
Chicago Fed President Austan Goolsbee: We’ve seen significant improvement on the inflation front (cnbc)
UK domestic shares, predicting them to benefit from lower interest rates. Given “screamingly cheap” share valuations, “this area of the market looks poised to perform very well over the next 3-5 years,” Bennison added. (bloomberg)
China’s economic conditions to improve in 2024 – officials (reuters)
It’s the Magnificent Seven’s Market. The Other Stocks Are Just Living in It. (wsj)
Alibaba, JD.com Stocks Rise on China Stimulus. There’s More to Come. (barrons)
Regulator Urges Chinese Companies to Boost Dividends, Buybacks (bloomberg)
Wharton Professor Jeremy Siegel’s 2024 outlook: Stocks and home prices will jump, interest rates will tumble, and recession won’t hit (businessinsider)
The Fed’s Balance Sheet Held Steady This Week. Why It Matters. (barrons)
The set-up for bank stocks is looking like 1995, when they surged 54%, analyst says (marketwatch)
Chaotic ‘triple witching’ set for Friday, as $5.3 trillion in options expire (marketwatch)
10-year Treasury yield ends at 3.9%, its lowest level since July (marketwatch)
