Banner week for billionaire investor Carl Icahn – a total of four board seats at JetBlue and American Electric Power will go to deputies as Icahn celebrates his 88th birthday (fortune)
Big Shale means ‘consolidate or get eaten,’ Wall Street is all in, and one of the ‘last original wildcatters’ will become America’s richest oilman (fortune)
We Drove The Ferrari Roma Spider Through Italy’s Sardinian Mountains (maxim)
Temu Is ‘Shopping Like a Billionaire’ for Ads. What Could Go Wrong? A lot. The recent relatively cheap sale of Wish, which also spared no expense when it came to marketing, proves it. (bloomberg)
Improved Cash Flow Highlights Cooper Standard’s Fourth Quarter and Full Year 2023 Results (cooperstandard)
Chinese New Year travel and consumption data continues to come in strong, with a strong increase in hotel bookings of +60% year-over-year, according to the Ministry of Commerce. Meanwhile, Meituan reported a +36% YoY increase and +155% versus 2019 in “daily consumption growth.” E-Commerce spending appears to be coming in strong, though Hainan Island, China’s Hawaii, does not have enough planes to get people home. Macau and Hong Kong visitor numbers look strong too. (chinalastnight)
Overseas Chinese tourists back as Alipay transactions up 7 per cent from 2019 (scmp)
‘The Big Short’s’ Michael Burry Doubled Down on Alibaba Stock and JD.com. Should You? (barrons)
China steps up ‘whitelist’ mechanism for property sector – media (reuters)
UK shoppers pick up their spending, signaling quick end to recession (reuters)
China Holiday Travel Surge Hints at Consumer Spending Pickup (bloomberg)
Banks Are Piling Back Into Everything From Mortgage Debt to CLOs (bloomberg)
Macau Sees Record Lunar New Year Visitors in Boost for Casinos (bloomberg)
UK Energy Bills Set to Drop 15% in Boon for Taming Inflation (bloomberg)
Goldman Strategists See Stronger US Consumers Boosting Luxury Stocks (bloomberg)
Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens (bloomberg)
Hong Kong stocks rebound as funds bank on Beijing for stronger market support (scmp)
Can America Turn a Productivity Boomlet Into a Boom? (nytimes)
Japan is no longer the world’s third-largest economy as it slips into recession (cnbc)
Alibaba’s research division, unveiled three ground-breaking processors rooted in the open-source RISC-V architecture. The Xuantie (玄铁) C920, Xuantie C907, and Xuantie R910 processors promise to accelerate application of RISC-V technology into diverse sectors, from autonomous vehicles and artificial intelligence (AI) to enterprise hard drives and network communications (Mydrivers News, November 24). (jamestown)
Bet on battered IPOs, small caps and retail as rally broadens out (marketwatch)
Nvidia’s Earnings Pose a Risk. Protect Your Gains. (barrons)
China Used to Be the World’s Best Growth Story. Now It’s a Value Play. (barrons)
Immigration Wave Delivers Economic Windfall. But There’s a Catch. (wsj)
Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple (wsj)
Crown Castle Co-Founder Seeks Board Seats at Big Wireless-Tower Owner (wsj)
Even With Fewer Rate Cuts, You Should Still Buy Bonds (wsj)
China Revives Socialist Ideas to Fix Its Real-Estate Crisis: Under that (the previous) program, the central bank provided low-cost funds to state-owned banks, which then made loans to developers to purchase land from cities and townships and then build more housing units. Those local governments, in turn, doled out cash subsidies to families dislocated from slum-clearance efforts so they could purchase the new units on the open market. The initiative helped restore demand for real estate but led to more construction (wsj)
He Spent Millions Collecting the Rarest Sneakers and Cars on Earth. Now He’s Over it. (wsj)
16 Best Winter Coats and Jackets That Will Elevate Your Wardrobe (wsj)
Nelson Peltz slams Disney’s investment plans as throwing ‘spaghetti against the wall’ (nypost)
Google Rolls Out Updated AI Model Capable of Handling Longer Text, Video (bloomberg)
China Chip Stocks Look Like Long-Term Winners to Wall Street (bloomberg)
The Best Restaurant in the Middle East and North Africa Is Orafali Bros. in Dubai (bloomberg)
The richest man you’ve never heard of isn’t sure what to do with his billions (businessinsider)
Dunkin’ tracksuits inspired by the chain’s Super Bowl ad with Ben Affleck sold out wicked fast (businessinsider)
As investors flee China, options traders pile into longshot bets pegged to rebound hopes (businessinsider)
This Stock Market Indicator Has Been 100% Accurate Since 1957. It Signals a Big Move in the S&P 500 in 2024. (fool)
Here’s when you will know the stock market has peaked, according to Fundstrat (businessinsider)
JPMorgan and State Street quit climate action group (ft)
VF Corp. Stock Is the S&P 500’s Top Performer Monday. Here’s Why. (barrons)
Even as China’s economy is facing difficulties, treating it as un-investable like some analysts have suggested would not be the right call, John Bilton, head of global multi-asset strategy at JPMorgan Asset Management, told CNBC’s “Squawk Box Europe.” (cnbc)
China’s new economy is ‘booming,’ Standard Chartered says (cnbc)
Are “Dragon Babies” Bumping Up China’s Birth Rate? (zerohedge)
JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued (cnbc)
Yale happiness expert: The No. 1 thing you can do to be happier—businesses can also use it to excel (cnbc)
BofA Survey Shows Investors Are All In on US Tech Stock Rally (bloomberg)
“Mariani also thinks more natural gas producers could get the itch to merge following the Chesapeake deal. Among the possible targets are Range Resources, Antero Resources, and Comstock Resources.” (barrons)
Growth stocks are outperforming value by widest margin on record. Why that could soon change. (marketwatch)
Cash-Flush Buyers Dip Into Distressed Commercial Real Estate (wsj)
S. Gas Producers Are Racing to Sell to Asia. And Mexico Is Key. (nytimes)
Commercial-Property Loans Coming Due in US Jump to $929 Billion (bloomberg)
Taylor Swift Wows Chinese Women Tired of Xi’s Conservative Era (bloomberg)
Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike (cnbc)
Tougher Rent Laws Are Behind Trouble at NYCB (wsj)
Contrarian Plays: 3 Stocks Going Against the Grain That Could Deliver Huge Gains (yahoo)
US biotech fundraising boom ends 2-year deal drought (ft)
US Inflation Tops Forecasts, Likely Delaying Any Fed Rate Cuts (bloomberg)
Molson Coors Spent More to Steal Bud Light Drinkers — and It Worked (bloomberg)
OPEC keeps 2024 oil-demand growth forecast at 2.2 million barrels a day (marketwatch)
Disney has a plan for winning over younger generations: video games (foxbusiness)
The PBOC has said it will ensure credit grows rapidly and at a sustainable pace throughout 2024 in an effort to spur corporate borrowing and money supply expansion. (bloomberg)
Big Tech is taking the spoils of the ad resurgence (yahoo)
Dividend Stocks Make Sense Now. Here Are More Than 20 to Consider. (barrons)
1 Artificial Intelligence (AI) Growth Stock With More Upside Than Nvidia to Buy Now, According to Wall Street (fool)
Is Golf’s Next Paradise in the Middle of a Florida Swamp? (bloomberg)
Passive investors have ‘fundamentally broken’ the market, David Einhorn says (businessinsider)
BANK OF AMERICA: Buy these 34 stocks that are among the cheapest you can scoop up right now with pockets of the market loaded with upside opportunity (businessinsider)
U.S. CPI revisions ‘a nothing burger,’ economists agree (marketwatch)
