How many times will the Fed cut rates? Here’s what Wall Street expects for the key stock-market driver in 2024. (businessinsider)
Chinese stocks staged a sharp recovery in afternoon trading, with a spike in volumes for an exchange-traded fund tracking state-owned shares fueling speculation of government buying. (bloomberg)
Apple stock earns a new Street-high target on iPhone growth and China resilience (streetinsider)
An ‘extremely rare’ stock market signal with a 100% accuracy rate is flashing and points to record highs in 2024 (businessinsider)
Alibaba Cloud Makes More LLMs Available to Support Open-Source Community (alizila)
Empowered, wealthy women the driving force behind luxury success in China (jingdaily)
A Record High Is in the Cards for US Stocks in 2024 (bloomberg)
Shari Redstone reportedly in talks to sell Paramount parent to Skydance (marketwatch)
Jerome Powell’s Inflation Fight Is Succeeding, Raising Questions About Rate Cuts (wsj)
Here’s Where Prices Are Actually Coming Down (wsj)
The Chinese and American Climate Negotiators Pushing for a Deal (wsj)
Amazon Is Cracking Down on Union Organizing, Workers Say (nytimes)
Rate Cut Pivot Can’t Come Soon Enough for Debt-Strapped Companies (bloomberg)
“Temu may not be able to offer its current low prices indefinitely, which could result in the erosion of its key value proposition,” wrote Morgan Stanley analysts including Simeon Gutman in a recent report entitled “The Temu Effect.” “The data could suggest Temu is ‘burning through’ new shoppers without generating stickiness after initial trials on the platform.” (bloomberg)
Billionaire Brad Jacobs Eyes Deals in Building-Material Supplies (bloomberg)
Legendary investor Charlie Munger shared his regrets, mistakes, and life lessons in his final TV interview. Here are the 18 best quotes. (businessinsider)
Weight-Loss Stock Winners This Year Risk Being Losers in 2024 (bloomberg)
Nike (NKE) is an ‘attractive margin recovery story’ says Citi, upgrades stock to Buy (streetinsider)
Politburo Meeting Focuses On Foreign Investment, Week in Review (chinalastnight)
FDA approves bluebird’s sickle cell disease gene therapy. Can Lyfgenia overcome CRISPR’s halo? (fiercepharma)
Biotech Deals Are Heating Up. Why 2024 Could Be Even Hotter for M&A. (barrons)
Does Intel Stock Have Its Mojo Back? We Talk to the Bulls. (barrons)
VF Corp: Supreme X The North Face Parka Collab Is A Luxe Outerwear Upgrade (maxim)
VF Corp: Ronnie Fieg & KITH Just Reinvented The Classic Timberland Field Boot (maxim)
VF Corp: Sweeney previously was the face of a spring Ford x Dickies campaign, and the Euphoria star’s first collection with the duo sold out in less than 36 hours. (maxim)
VF Corp: Sydney Sweeney Teams Up With Ford For New Dickies Workwear Collection (maxim)
Consumer Sentiment Perks Up as Inflation Expectations Fall (barrons)
EU Strikes Deal to Regulate ChatGPT, AI Tech in Landmark Act (bloomberg)
Hedge Funds Held Big Bet Against Yen in Days Before Its Surge (bloomberg)
Biden Says Jobs Numbers Should Deter More Fed Rate Hikes (bloomberg)
Stocks are taking off on a ‘liquidity rally’ and will rocket to new highs in 2024, Fundstrat says (businessinsider)
Why U.S. Chip Sanctions Against China Aren’t Working (investors)
China Made a Chip Breakthrough That Shocked The World (bloomberg)
China’s exports grow for first time in 6 months in relief for factories (reuters)
Temu is likely still losing money though. PDD’s operating margin last quarter, for example, narrowed to 24% from 29% a year earlier. Temu’s growth in the U.S. seems to have plateaued lately—monthly active U.S. users this quarter are down 6% from the previous quarter, according to Sensor Tower. (wsj)
John Chambers Warns Of An AI ‘Bubble’ And ‘Train Wrecks.’ How He Sizes Up OpenAI, Microsoft, Google. (investors)
Alphabet Stock Is Rising. Google Got Its AI Launch Right This Time. (barrons)
Commercial real estate is performing much better than expected, says Marcus & Millichap CEO (cnbc)
There’s a new market dynamic heading into payrolls report, Goldman trading expert says (marketwatch)
Edwards Lifesciences to spin off Critical Care unit, sets $1B stock buyback (marketwatch)
Elliott reiterates call for new chief executive at Crown Castle (marketwatch)
Walmart seems to have changed its view of weight-loss drugs (marketwatch)
Dollar General’s stock buoyed by earnings beat, but retailer is not happy with its performance (marketwatch)
Japanese stocks fall, yen jumps on bets BoJ may end negative rate policy (marketwatch)
Masters champ planning LIV Golf defection in potential $600 million coup (nypost)
After So Many False Dawns, the Market Is Convinced the Fed Will Finally Cut (bloomberg)
Audi, Lamborghini, Porsche Had the Best Concept Cars of 2023 (bloomberg)
How China’s Education Firms Survived the Crackdown (wsj)
Why Amazon is the top 2024 internet pick at TD Cowen (streetinsider)
Nvidia’s CEO Still Plans to Sell High-End Chips in China (wsj)
Still, the ping from Moody’s (on China) isn’t being seen as dire. “These ratings downgrades or negative outlook shifts often mark the low in terms of bad news and market selloffs,” said Viraj Patel, global macro strategist at Vanda Research. (bloomberg)
PBOC Steps Up Yuan Support Via Fixing After Moody’s Outlook Cut (bloomberg)
“This may indicate a willingness by policymakers to place greater emphasis on bolstering economic growth by backstopping the more fiscally vulnerable parts of the country.” (bloomberg)
11 Beat-Up Big Stocks (Like GM) Are Worth More Dead Than Alive (investors)
China Pro-Growth Stance Seen With 2024 Targets (bloomberg)
Taylor Swift is Time’s person of the year (marketwatch)
BABA-SW To Pay FY23 Annual Div. Next Mth (aastocks)
Against the odds, China’s push to internationalise its currency is making gains (ft)
Job data suggests ‘soft landing’ is increasingly likely, economists say (cnbc)
Hedge Funds were big sellers of Big Tech stocks last week – Morgan Stanley (streetinsider)
Corporate buybacks climb to above-seasonal levels – BofA (streetinsider)
On Sunday, the China Securities Regulatory Commission (CSRC) released a statement reaffirming its easing monetary and fiscal policy stance. The statement released included multiple recommendations and plans to shore up support for financial markets including encouraging companies to buy back stock and pay dividends. (chinalastnight)
BlackRock’s Rick Rieder doesn’t believe the economy is falling off a cliff (cnbc)
