Wells Fargo: Citigroup Stock Is ‘Pricing in Too Much Fear.’ (barrons)
China’s internet sector posts strong profit growth in first 7 months of 2023 (scmp)
Ford Isn’t Going to Be the Next Apple. It Could Be a New Deere. (barrons)
The FTC Could Call for an Amazon Breakup. Why Investors Should Celebrate. (barrons)
As Instacart IPO Looms, DoorDash CEO Says Grocery Delivery Needs to Improve (barrons)
Apple wants to be a force in live sports. Buying ESPN could be the answer. (marketwatch)
China’s Country Garden Makes Overdue Dollar-Bond Payments, Avoiding Default (wsj)
Fed Set to Double US Growth Forecast After Strong Data (bloomberg)
Mnuchin’s Liberty 77 Capital Acquires 5.5% Stake in Lions Gate (bloomberg)
“We believe Disney is the best-positioned traditional Media network to drive long-term margins/returns in DTC given its collection of IP and global scale,” Hodulik wrote. (businessinsider)
Everyone Is Bearish on China—Except Bond Investors (wsj)
Goldman Sachs chief economist: US consumer won’t break in 2024 (yahoo)
China Stocks Latest: Builders Jump on Hopes of More Stimulus (bloomberg)
com Takes Flight on +180% Revenue Increase YoY, Caixin Services PMI Misses Expectations (chinalastnight)
Alibaba’s Amap, supported by China’s GPS rival Beidou, expands global coverage to boost Belt and Road plan (scmp)
Yes, There Is a Bull Case for Investing in China (wsj)
“While many indicators lately have disappointed, growth isn’t plummeting, and there’s still a fair chance of meeting the about-5% target for the year” (bloomberg)
Alibaba Cloud Eyes State Firms for Up to $3 Billion Funding (bloomberg)
Disney encourages Spectrum customers to move to Hulu + Live TV amid Charter dispute (foxbusiness)
Arm Prices IPO. It’s Set to Be the Biggest of the Year. (barrons)
Disney and Charter Are Locked in a Dispute. Why It’s a ‘Tipping Point’ for Legacy TV. (barrons)
“When sentiment towards a market is resolutely negative, any positive news can more easily deliver a bounce as traders feel forced to shift positions.” (marketwatch)
They’ve Been Friends for 60 Years. Lew and Bobby Have Figured Out What Most Men Don’t. (wsj)
China’s Country Garden Narrowly Avoids Default (wsj)
Is Now the Time to Invest in Emerging Markets? (wsj)
Return-to-Office Is a $1.3 Trillion Problem Few Have Figured Out (bloomberg)
China: “Some bright spots are also emerging. Earnings estimates for tech stocks have been trending upward since a March low, even as those for the broader benchmarks have remained largely unchanged.” (bloomberg)
The ‘Wizard of Wharton’ says stocks are on solid ground – and house prices are shaking off mortgage pain (businessinsider)
The greenback is ‘losing some influence’ in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan (businessinsider)
Exclusive: China to launch $40 billion state fund to boost chip industry (reuters)
China “The general trend of foreign ownership is still quite high,” Ahern says. “If anything else, it shows that maybe foreign investors are very poor market timers because this outflow is occurring just as Chinese equities are enjoying one of their strongest weeks in quite some time.” (yahoo)
China’s Economy Is Perking Up. Cheap Money Helped. (barrons)
China’s Factory Activity Sparks Hope Slump Is Bottoming Out (bloomberg)
3M Stock Catches Another Upgrade. Why Sentiment Is Shifting. (barrons)
Fed’s Bostic says U.S. interest rates are high enough (cnbc)
Manufactured Home Stocks Are Jumping. Hurricane Idalia Could Spur Demand. (barrons)
“Though macro concerns remain and we could see periods of volatility, we continue to see the restructuring as a potential long-term value driver,” Patil said. “Alibaba remains, in our belief, the main China e-commerce player and continues to see a large secular growth opportunity.” (barrons)
PCE Measure of Shelter Slows to 7.8% YoY in July (calculatedrisk)
China Eases Down Payments, Mortgage Rates in Fresh Stimulus Move (bloomberg)
UBS Gets Everything It Wants From Credit Suisse (wsj)
Sea Brings Back One of Its Top Game Titles in India After Ban (bloomberg)
After Four Years, the $205,000 Maserati GranTurismo Is Back: Review (bloomberg)
The Chinese property market may look like it’s imploding. But one expert doesn’t think it’ll cause a financial crisis — and there may even be a bright spot. (businessinsider)
Rent growth nosedived again in August as tenants gain leverage over landlords — and apartments in these 42 cities are actually cheaper now than they were last year (businessinsider)
The S&P 500 is about to take off in a month-long rally that will retest its 2023 high, Fundstrat says (finance.yahoo)
China allows the public to use generative AI chatbots for the first time (scmp)
Kenvue Is a New Dividend Aristocrat. Its Payout Will Grow. (barrons)
Hedge funds have made a huge push into risky assets. Here’s what that means. (marketwatch)
Amazon CEO reportedly tells remote workers that ‘it’s probably not going to work out for you’ (marketwatch)
JPMorgan’s Badrichani: Can’t Ignore Investing in China (bloomberg)
Fidelity Says Chinese Equities Remain a ‘Top Call’ (bloomberg)
Apple’s iPhone 15 Looks Like a Bargain. Here’s the Math. (barrons)
China approves 31 more foreign video games, pushing 2023 total past last year (scmp)
BoCom, Chinese lenders seen cutting mortgage rates to help end housing slump (scmp)
Hong Kong stocks hold at 2-week high amid bets on more support measures (scmp)
Demand for Workers Cools, but Remains Elevated (wsj)
U.S. Does Not Want to ‘Decouple’ From China, Commerce Chief Says (nytimes)
China Moves to Shore Up Finances of Troubled Bank (bloomberg)
Everything China Is Doing to Juice Its Flagging Economy (bloomberg)
China Mortgage Rate Cuts Fall Short of ‘Game Changer’ Policy (bloomberg)
Raimondo calls on China to provide more predictability for business (cnbc)
Warren Buffett turns 93 today. Here are 6 of the investing icon’s best birthday stories. (businessinsider)
Warren Buffett’s 93rd birthday is today. Here’s why the investing icon dreads his big day each year, and compares life to a snowball rolling down a hill. (businessinsider)
US Commerce chief leaves China on upbeat note after ‘uninvestible’ remark (reuters)
China chip stocks rally after Huawei’s low-key launch of new Mate 60 Pro phone (reuters)
PVH jumps after beating expectations on top and bottom line (streetinsider)
