Category: What I’m Reading Today

1. The Fed’s Jackson Hole Meeting Is Powell’s Big Moment (barrons)
2. Analysis: Why PayPal’s stablecoin is likely to succeed where Facebook’s Libra failed (reuters)
3. Visa and Mastercard Are Under Attack. They Will Do Just Fine. (barrons)
4. Parents shift to Venmo, PayPal, Zelle to pay teens (foxbusiness)
5. Will August stock-market stumble turn into a rout? Here’s what to watch, says Fundstrat’s Tom Lee. (marketwatch)
6. Rates in China Cut Again, but by Less Than Expected (wsj)
7. Kraft Heinz Sees a $25 Billion Opportunity—in Schools (wsj)
8. Macau Reclaims Crown From Vegas as World’s Top Gambling Hub (wsj)
9. After 10 Years of My Ride, Our Writer Reveals What He Drives. Hint: It’s Not a Porsche. (wsj)
10. China Urges More Loans, Debt Risk Reduction as Woes Compound (bloomberg)
11. China’s financial regulators urge support for resolving local debt risks (cnbc)
12. Pessimism about China’s property market overblown, says veteran economist (scmp)
13. Shanghai vows 2-hour project approvals to woo foreign investments (scmp)
14. Why a default isn’t the worst possible news for Country Garden (scmp)
15. Bilibili Reports Q2, Officials Signal More Stimulus, Week in Review (chinalastnight)

1. An Auto-Parts Retailer Crashed—It Can Be Fixed (wsj)
2. China unveils measures to revive stock market (reuters)
3. China Urges More Loans, Debt Risk Reduction as Woes Compound (bloomberg)
4. Lamborghini, Ferrari, Rolls-Royce: The Best Debuts at Monterey Car Week (bloomberg)
5. How to Get Rich and Famous From a Stock Market Crash (wsj)
6. This New 263-Foot Superyacht Has a Grecian-Inspired Beach Club That Belongs in a 5-Star Hotel (robbreport)
7. Aston Martin Goes Topless With DB12 Volante Convertible (maxim)
8. Alibaba Cloud launches AI video creation tool Live Portrait (technode)
9. China’s internet regulator talks with foreign firms to address concerns over new data law (technode)
10. Is the U.S. Economy Really Growing by 5.8%? Not So Fast (barrons)
11. China set to cut lending rates as economic recovery drags (ft)
12. China Local Governments to Sell $206 Billion of Financing Debt (bloomberg)
13. GLP-1 Drugs Are Coming, and They Could Change Everything (bloomberg)
14. Is there a ‘life hack’ to break 80 for the first time? 2 top teachers have an idea (golf)
15. TIPS vs Gold: which is the better inflation hedge? (scottgrannis)

1. How serious is China’s economic slowdown? (piie)
2. China Isn’t Japan in the 1990s. How Its Economic Meltdown Is Different. (barrons)
3. Generac Is a Growth Stock at a Value Price. Buy It Before the Storms Start. (barrons)
4. Alibaba Unit to Hire 2,000 Graduates as Big Tech Crackdown Eases (bloomberg)
5. Alibaba, Tencent renew hiring as Big Tech gears up for growth (scmp)
6. CSRC vows to boost ‘vitality, efficiency and appeal’ of stock market (scmp)
7. We are close to bottoming from recent market decline, says Fundstrat’s Mark Newton (cnbc)
8. A Booster Shot for Your Portfolio (barrons)
9. AI Is the Real Deal—if You Understand It. Our 5 Roundtable Pros Are Here to Help. (barrons)
10. How Kroger Became the Biggest Sushi Seller in America (wsj)
11. China moves to shore up investor confidence in the economy (ft)
12. What Wall Street needs to know about UAW talks, a potential strike and what it could all cost (cnbc)
13. Will August stock-market stumble turn into a rout? Here’s what to watch, says Fundstrat’s Tom Lee. (marketwatch)
14. Italian Scientists Research Whether Eating Pizza Carries Health Benefits (futurism)
15. The 10 Best Dividend Stocks (morningstar)

1. China Needs to Engineer a Beautiful Deleveraging (Ray Dalio)
2. Amazon’s Pharmacy Deal Shows It Is More Than Tech (barrons)
3. What CVS Faces After Being Dropped by Insurer (barrons)
4. Opinion: Bears are knocking at the door but bulls still hold the key to this stock market (marketwatch)
5. U.S. Mortgage Rates Jump to Highest Level Since 2002 (nytimes)
6. Trump Says He’s ‘Not A Fan’ of Powell (bloomberg)
7. Despite China’s economic troubles, Cramer says its market won’t collapse (cnbc)
8. Would You Spend $60 Million on a Ferrari? (wsj)
9. China Evergrande files Chapter 15 bankruptcy in New York (scmp)
10. Wage growth won’t mean a new inflationary spiral, says Wharton Professor Jeremy Siegel (cnbc)

1. Alibaba, JD.com Stocks Rebound. China Sets Out Plan to Hit Growth Targets. (barrons)
2. China’s premier says country will work to achieve growth targets (cnbc)
3. Some Fed Officials Are Turning Cautious about Raising Rates Too High (wsj)
4. It’s a matter of ‘when not if’ Apple buys ESPN, says Wedbush’s Dan Ives (cnbc)
5. Fed signals more scepticism over need for further rate rises (ft)
6. I’m not that worried about a strike by the UAW, it’s not a reason to sell, says Jim Cramer (cnbc)
7. PayPal Stock Can’t Catch a Break. A Big Investor Cut Its Stake. (barrons)
8. Google-Parent Alphabet Wants to Rein In Costs. The Unit Housing Waymo Is in Its Sights. (barrons)
9. K. Inflation Slows, but Still a Worry (wsj)
10. A Big Health Insurer Is Ripping Up the Playbook on Drug Pricing (wsj)
11. Walmart raises full-year forecast as grocery, online growth fuel higher sales (cnbc)
12. Pharma stocks are typically shunned by Wall St. when people feel confident about economy: Jim Cramer (cnbc)
13. China’s state banks seen selling dollars for yuan in London and New York hours (reuters)
14. Ant Group’s Alipay widens support for Visa, Mastercard, other major credit cards (scmp)
15. China Shadow Bank Crisis Sparks Protest by Angry Investors (yahoo)
16. Global Yields March to 15-Year Highs as Rate-Hike Worries Build (bloomberg)
17. China Police Visit Shadow Bank Investors at Home to Quash Unrest (bloomberg)
18. Why is China not rushing to fix its ailing economy? (reuters)

1. China Pledges Domestic Consumption Expansion to Boost Growth (bloomberg)
2. China Asks Some Funds to Avoid Net Equity Sales as Markets Sink (bloomberg)
3. com’s Sales Beat Estimates Despite Chinese Economy Weakness (bloomberg)
4. China Digs Deeper Into Toolbag in Grapple With Investor Gloom (bloomberg)
5. China Will Have to Put More Fiscal Policy to Work: Leong (bloomberg)
6. China Is Buying the Most Iranian Oil in a Decade, Kpler Says (bloomberg)
7. Why China’s Reopening Isn’t Providing Enough Youth Employment (bloomberg)
8. OMNI PGA Frisco Resort, a new star in golf travel (golfdigest)
9. TENCENT (00700.HK) Expects Domestic Games Revenue to Resume YoY Growth in 3Q23 (aastocks)
10. Inflation is on a glide path towards sub-2% by the middle of next year, says Fundstrat’s Tom Lee (cnbc)
11. Surprise Rate Cut Confirms Economic Support Measures (chinalastnight)
12. Furious Investors Protest Outside China’s Insolvent Shadow Banking Giant After It Misses Payments, Warns “Liquidity Has Suddenly Dried Up” (zerohedge)
13. Shoppers Boost Retail Sales for Fourth Straight Month (wsj)
14. Biden’s China Investment Rules Go Far Enough (bloomberg)

1. Tepper increased his stake in Alibaba Group Holding Ltd, buying 4,375,000 shares for a total holding of 4,475,000 shares. (yahoo)
2. Loeb’s investment company increased its Alibaba Group Holding Ltd. BABA, position by 122% to 2.95 million shares that were worth $245.9 million as of the end of the period. (marketwatch)
3. Chinese stock funds attracted $4.4 billion in 8 days, fueling speculation of a state-run buying-spree (businessinsider)
4. Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap (wsj)
5. PBOC Adviser Says China Urgently Needs to Boost Consumption (bloomberg)
6. China Central Bank Unexpectedly Cuts Rates (bloomberg)
7. China Cuts Rate by Most Since 2020 as Economic Woes Deepen (bloomberg)
8. China Mulls Stamp Duty Cut to Revive Slumping Stock Market (bloomberg)
9. China Halts Youth Jobs Data, Stoking Transparency Concerns (bloomberg)
10. The Fed’s Interest-Rate Debate Is Shifting (bloomberg)
11. ‘Magnificent 7’ Stock Meltdown Costs Investors $632 Billion (investors)
12. Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback (barrons)
13. Jim Cramer says new Trump indictment, not weak China economic data, is reason for depressed sentiment (marketwatch)
14. Intel and Synopsys Expand Partnership to Help Foundry Customers Build Chips Faster (barrons)
15. Chriss is currently executive vice president and general manager of Intuit’s small business and self-employed group, which generates more than half of the TurboTax parent’s revenue (PYPL). (wsj)
16. Kraft Heinz Names Carlos Abrams-Rivera as Next CEO (wsj)
17. Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase (cnbc)
18. China on course to become the world’s No.1 car exporter by end of year (cnbc)
19. New PayPal CEO Alex Chriss ‘is a good fit,’ analyst says (yahoo)
20. Yeti and Newell both might be buys, says Jim Cramer (cnbc)

1. PayPal Picks Intuit Executive as CEO. He Needs to Stop a Stock Slump. The Stock Market Is Falling. (barrons)
2. China Looks to Attract Foreign Investment as Its Economy Struggles (finance.yahoo)
3. PayPal Names Intuit’s Alex Chriss CEO, Replacing Schulman (bloomberg)
4. Why It’s Time to Get Happy. (barrons)
5. Legendary investor Seth Klarman just got back into Amazon and bought three other stocks (marketwatch)
6. A smooth ‘last mile’ to 2% inflation may not be a stretch for Fed (reuters)
7.  BNP Paribas Is Still ‘Overweight’ China, Hong Kong Stocks (bloomberg)
8. China Ending Crackdown Brings Optimism in Tech Earnings (bloomberg)
9. The UAW vs. The Big Three: Why the union’s wish list isn’t ‘going to happen’ (finance.yahoo)
10. Morningstar: These 10 dividend stocks have increased their payouts every year for the past 5 years and look cheap right now (businessinsider)

 

Image Source: Stocktraders Almanac

1. The Secret Life of the 500+ Cables That Run the Internet (cnet)
2. The Latest Trend on Yachts? Submersibles. (nytimes)
3. Looking for a Mid-August Bounce After Weak Start (almanactrader)
4. Can China escape deflation? (economist)
5. This Black Velvet Dodge Challenger Is A ‘Retromod’ Masterpiece (maxim)
6. Paul Krugman on AI, Superconductors, and Why Alien Invasions Are Inflationary (bloomberg)
7. Why the UAW Is Digging in Against the Big Three Carmakers (bloomberg)
8. This Le Mans veteran is the pinnacle of LWB Ferrari California Spiders (classicdriver)
9. As Cable Shrinks, Comcast Just Looks Like More of a Buy (barrons)
10. Alibaba (BABA) undergoing a ‘fundamental turnaround’ says Benchmark and sees potential for 85% rally (streetinsider)

1. Buy GM and Wayfair Stock. Analysts Make the Case. (barrons)
2. This Is a ‘Bear Steepener’ Bond Market. (barrons)
3. Tech Pullback Will Be Short-Lived, Analyst Says. (barrons)
4. Wayfair’s Investor Day Has Analysts Feeling Bullish (barrons)
5. Amazon, Meta, and Alphabet Were the Standouts in Tech Earnings. Here’s Why. (barrons)
6. Thanks to Disney Magic, Halloween Now Starts 11 Weeks Early (wsj)
7. A key signal suggests job growth could plummet in coming months amid labor strikes and bad weather (businessinsider)
8. The Fed can take the rest of the year off as inflation is crumbling and there’s no recession in sight, market vet Ed Yardeni says (businessinsider)
9. Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says (businessinsider)
10. ‘It’s Hard to Be an Activist These Days’: Gadfly Investors Trail Stock-Market Returns (wsj)
11. Dustin Moskovitz, Co-Founder of Asana and Facebook — Energy Management, Coaching for Endurance, No Meeting Wednesdays, Understanding the Real Risks of AI, Embracing Frictionless Work with AI, The Value of Holding Stories Loosely, and More (#686) (blog)
12. What Is The Real Value Of Alphabet Inc (GOOGL) Using A Simple DCF (acquirersmultiple)
13. The Case For Intel: An Illustration Of The ‘Value’ Investing Mindset (forbes)
14. Undervalued by 60%, This Growth Stock Is a Buy for the Long Term (morningstar)
15. 10 Cheap Dividend-Growth Stocks to Buy (morningstar)