Tumbling US dollar a boon to risk assets across the globe (reuters)
Intel CEO wraps up low-key China trip amid ongoing tech war (scmp)
Chinese mutual funds buy US$351 million of own products in show of confidence (scmp)
Exclusive: China invites global investors for rare meeting (reuters)
Goldman Sachs: These 17 stocks could earn much more than the rest of Wall Street expects following a strong second half for markets (businessinsider)
Americans Are Borrowing Again, Which Is Great News for Big Lenders (wsj)
CEO fires 90% of customer support staff because AI chatbot outperformed them (nypost)
Insurer’s Retreat in Florida Signals Crisis With No Easy Fix (nytimes)
JPMorgan Earnings Get a Boost From Higher Rates, First Republic Deal (barrons)
SpaceX Is Now Worth More Than Boeing and Raytheon (barrons)
Deutsche Bank currency guru says it’s ‘time to sell the dollar’ as greenback sees longest losing streak since 2021 (marketwatch)
The Stock Market Rally Seems Unstoppable. Here’s When the Naysayers Will Give In. (barrons)
The AI Bubble Isn’t Big Enough. Why There’s More Upside Ahead for Big Tech. (barrons)
The Yen, the Yuan, and the Dollar: How China and Japan Could Shore Up Their Economies (barrons)
As Inflation Goes Down, Soft Landing Odds Improve (wsj)
Emerging-Market Growth Bets Return, Helping Stocks Beat US Peers (bloomberg)
BofA Stocks Indicator Sees S&P 500 Surging 16% in Next 12 Months (bloomberg)
‘I don’t see why people are going to sell their stocks.’ ‘Big Short’ investor Steve Eisman says stocks will keep rallying as long as the economy stays healthy (businessinsider)
U.S. consumer sentiment soars in July to highest level since September 2021 (marketwatch)
US Federal Debt Interest Payments About To Hit $1 Trillion (zerohedge)
This small-cap stock index achieves first ‘golden cross’ in almost half a year, pointing to potential rally (marketwatch)
New Instant-Payment System (FedNOW), not so “New” (barrons)
‘Mission: Impossible—Dead Reckoning Part One’ Review: Real Tom Cruise, AI Enemy (wsj)
The AI Boom Is Here. The Cloud May Not Be Ready. (wsj)
Shopify Fuels Meeting Purge By Shaming Employees With Cost Calculator (bloomberg)
Golf Courses, Wave Pools and Gucci: Sao Paulo’s ‘Greenwich’ Has it All (bloomberg)
Why Private Equity Is Chasing Plumbers and Lumber Yards (bloomberg)
China Regulator Asked Banks to Respond to Bearish Goldman Report (bloomberg)
Don’t stress about recession with inflation cooling and the job market booming, Nobel economist Paul Krugman says (businessinsider)
Tech stocks will rally as much as 15% more as “the AI revolution is here”, Wedbush analyst Dan Ives says (businessinsider)
Morgan Stanley: These 37 stocks are the emerging leaders of the global AI arms race, and will see double the profit growth of the broader market over the next 3 years (businessinsider)
Buffett Buys One Of Only Seven US LNG Export Terminals In $3.3 Billion Deal (zerohedge)
Strategists Say Sell The AI Rally Now – Buy 5 Goldman Sachs Conviction List Top Picks With Massive Upside Potential (247wallst)
Analysis: Yellen raised China’s hopes for tariff cut; U.S. politics will crush them (reuters)
A.I. is having a 1995 moment, says Wedbush’s Dan Ives (cnbc)
We’ve only seen the beginning of Moderna’s story, says Goldman Sachs’ Salveen Richter (cnbc)
Stock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving Up (bloomberg)
China Ends Tech Crackdown With Fines on Tencent, Ant Group (bloomberg)
Ant to Repurchase Shares at $78.5 Billion Valuation (bloomberg)
Prominent China Influencer Says Buy Mainland Stocks, Not Homes (bloomberg)
Q2 Earnings Might Not Lift the Indexes. They Could Mean Big Gains for Certain Stocks. (barrons)
Fed’s Goolsbee says job data show labor market is cooling to sustainable pace (marketwatch)
AI Is Driving an Uptick in Cloud Computing Demand. Good News for Amazon. (barrons)
A Deal-Making Rebound Is Already in the Works (barrons)
Yellen Goes to Battle for U.S. Chip Makers on China Visit (barrons)
S. Jobs Growth Slowed in June. It’s a Relief for the Fed. (barrons)
General Motors Stock Rises for 9th Straight Day. What’s Behind the Streak. (barrons)
Has BLS Overestimated Job Growth in Recent Quarters? We’ll Know Soon. (barrons)
Americans Have the Travel Bug, and They’re Going Abroad. What Stocks to Play. (barrons)
Job Market Is Giving the Fed What It Wants — Just Slowly (bloomberg)
CEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish Startup (bloomberg)
Yellen Seeks “Fair Set Of Rules” In Meeting With Chinese Premier Amid Strained Ties (forbes)
Yellen Says US Doesn’t Want ‘Winner Take All’ Fight With China (bloomberg)
He Drives the Clark Kent of Porsche Supercars (wsj)
How to Drive a Supercar: Everything You Need to Know Before Getting Behind the Wheel (robbreport)
Here are 30 book recommendations from Elon Musk, Jeff Bezos, and Bill Gates to add to your summer reading list if you want to get smarter about business and leadership (businessinsider)
China’s Xi says countries share responsibility to promote growth, opposes decoupling (cnbc)
Here Are the Tools That China Uses to Manage the Yuan (bloomberg)
Today’s Fed Minutes Should Give Clues on Rate Pause (barrons)
Amazon is the cheapest of the Magnificent Seven stocks by this important measure (marketwatch)
How the Fed and Investors Could All Be Wrong on Rates (wsj)
China Banks Cut Rates for $453 Billion Corporate Dollar Deposits (bloomberg)
“Preference among many tenants for trophy or Class A+ space is driving rents higher in that segment of the market, while tenants are able to dictate terms to a greater extent for commodity Class A and Class B/C space,” according to the Savills report. (marketwatch)
Why the 5 Highest-Yielding Nasdaq Stocks Could Rip Higher With the Red-Hot Summer Rally (247wallst)
US new vehicle sales set to gain in June, S&P Global Mobility says (reuters)
Edmunds: Pent-Up Demand to Prop Up New Car Sales in Q2 (aftermarketnews)
Cox Automotive Forecast: New-Vehicle Sales to Increase More Than 11% Year Over Year Through the First Half of 2023 (cox)
Year-To-Date Auto Forecasts Show Things Are Looking Up. (insideradio)
US wants to limit China’s access to cloud services from Amazon, Microsoft: report (nypost)
China Official Meets With Foreign Drugmakers to Boost Confidence (bloomberg)
Test Driving the $245,000 Aston Martin DB12 in the Hills of Monte Carlo (bloomberg)
Wharton’s Jeremy Siegel says the bull run in stocks can go a lot longer even as the Fed wages ‘war on growth’ (businessinsider)
Here’s why Wall Street’s biggest bull thinks the stock market is headed to record highs this year (businessinsider)
Google searches for inflation have plunged – and that could mean rising prices aren’t a big problem anymore, Nobel economist Paul Krugman says (businessinsider)
China is restricting the export of two little-known metals crucial to the semiconductor industry. It shows Beijing still holds important chips in its tech war with the West. (businessinsider)
China’s chipmaking export curbs ‘just a start’, Beijing adviser warns before Yellen visit (reuters)
Xi warned Putin against nuclear attack in Ukraine (ft)
China gets a new central bank chief as economy struggles for lift-off (ft)
US biotech Moderna strikes deal to develop mRNA drugs in China (ft)
“China’s government bonds have outperformed stocks since 2010,” said Alpine Macro analysts in a report. “As for stocks, they could bounce back after being beaten down badly since 2021. Nevertheless, a sustainable rally in Chinese shares would first require aggressively pro-cyclical fiscal policy and persistent monetary stimulus.” (scmp)
