Category: What I’m Reading Today

Be in the know. 25 key reads for Friday…

  1. China’s Central Bank Sees Room to Lower Banks’ Reserve-Requirement Ratio (wsj)
  2. Alibaba launched a new AI platform and co-branded credit card with Mastercard to entice more global buyers and sellers to its platform. (yahoo)
  3. Alibaba merchants hail WeChat Pay adoption on Taobao and Tmall (scmp)
  4. PBOC Considers RRR Cut Ahead of US Fed Cuts (chinalastnight)
  5. Billionaire Mark Cuban warns taxing unrealized gains will ‘kill the stock market’ (foxbusiness)
  6. CEO Jensen Huang has sold more than $633 million in Nvidia stock since June (marketwatch)
  7. Fed’s Goolsbee says trend of economic data justifies multiple rate cuts, starting soon (marketwatch)
  8. This Energy Drink Is Everywhere. Its Stock Can Still Provide a Jolt. (barrons)
  9. Berkshire Hathaway Sells $760 Million of Bank of America Stock as Stake Keeps Shrinking (barrons)
  10. China buys US$12 billion worth of chip-making tools in a quarter (scmp)
  11. Competition Is Coming to Nvidia, Says J.P. Morgan’s Michael Cembalest (institutionalinvestor)
  12. The Japanese yen still poses ‘a very big risk’ to global markets. Here’s why. (marketwatch)
  13. Little-known Florida couple with GameStop winnings continues to build stake in JetBlue (marketwatch)
  14. Fintech giant Ant Group launches AI personal assistant app in China (scmp)
  15. Oracle billionaire Larry Ellison will control Paramount after Skydance deal: filing (nypost)
  16. Nordstrom Family Bids Again to Take Retailer Private (wsj)
  17. Alibaba allowing access to WeChat Pay would help Alibaba acquire users, especially people from smaller cities, the people said. WeChat has 1.37 billion users. (wsj)
  18. Intel Is Exploring Sale of Part of Stake in Mobileye (bloomberg)
  19. Paulson Sees Fed Cutting Rates to as Low as 2.5% by End of 2025 (bloomberg)
  20. The Yield Curve Is Disinverting. Why Should I Care? (bloomberg)
  21. Trump Tax Plan Lifts S&P Profit, Harris’ Would Cut, Goldman Says (bloomberg)
  22. August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says (cnbc)
  23. Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030 (cnbc)
  24. Robby Starbuck: the activist pushing US companies to ditch their DEI vows (ft)
  25. Trump Vows 15% Corporate Tax and Taps Musk for Federal Audit (bloomberg)

Be in the know. 12 key reads for Thursday…

  1. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  2. Boeing says China’s commercial air fleet predicted to double in the next two decades (militaryaerospace)
  3. Nvidia Falls Despite AI Giant Saying It Didn’t Get DOJ Subpoena In Antitrust Probe (investors)
  4. The Best Way to Play the Stock Market’s Worst Sector (barrons)
  5. Google Is Losing Market Share to ChatGPT. What It Means for Alphabet Stock. (barrons)
  6. Ultra-Rich Families Set to Control $9.5 Trillion by 2030, Deloitte Says (bloomberg)
  7. S. safety regulator calls for probe of Temu, Shein over unsafe products (cnbc)
  8. S. auto sales shrink as high interest rates discourage buyers (marketwatch)
  9. Bank of Japan board member Takata sees the need to ‘shift gears’ (marketwatch)
  10. US job openings fall to lowest level since January 2021 as labor market cools (foxbusiness)
  11. Chip war: Taiwan accuses 8 mainland Chinese firms of poaching talent, stealing secrets (scmp)
  12. A 50bps cut is far more likely now, says Grant’s Interest’s Jim Grant (cnbc)

Be in the know. 17 key reads for Wednesday…

  1. China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks. Officials proposed rate cuts of about 80 basis points. Move to boost household consumption, ease pressure on banks (bloomberg)
  2. Nvidia Stock Drops Again. ‘Its Valuation Is Out of Control.’ (barrons)
  3. Boeing Speeds 737 Deliveries to China in Respite for New CEO (bloomberg)
  4. The average analyst price target for Boeing shares is about $214. (barrons)
  5. How Immigration Remade the U.S. Labor Force (wsj)
  6. Qualcomm-Arm processor chips have compatibility problems with ‘Fortnite’ and other titles (wsj)
  7. Intel will evaluate its next steps at a board meeting in mid-September, according to people familiar with the matter. (bloomberg)
  8. China Is Trading Its Own Bonds to Stifle a Runaway Bond Rally (bloomberg)
  9. The Black Hole of Private Credit That’s Swallowing the Economy (bloomberg)
  10. China Stocks Listed in US Near Cheapest Ever Versus Nasdaq Peers (bloomberg)
  11. Alibaba Embraces Tencent’s WeChat Pay as China’s Tech Walls Fall (bloomberg)
  12. Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting (cnbc)
  13. Nvidia, beware — the top spot in S&P 500 valuations is often a slippery slope (marketwatch)
  14. Temu’s Parent, a Victim of Competition or Its Own Success? (wsj)
  15. Fed’s Bostic: Economy is ‘losing momentum’ but there is no sense of looming crash or panic from business leaders (marketwatch)
  16. Alibaba sets up new ‘digital technology’ firm under e-commerce unit Taobao and Tmall Group (scmp)
  17. Growth Stocks Rebound As Banks’ Balance Sheets Face Mortgage Refinancing (chinalastnight)

Be in the know. 15 key reads for Tuesday…

  1. Stock Laggards Are Due a Catch Up (bloomberg)
  2. Discretionary Stocks Are Set to Rally. Why Amazon and Tesla Hold the Key. (barrons)
  3. Stocks Typically Suffer in September. Why Markets Face More Pain This Year. (barrons)
  4. Biotech Stocks Are Showing Signs of Life. Why the Rally Could Continue. (barrons)
  5. Septembers in presidential-election years aren’t so bad for the stock market. (marketwatch)
  6. Treasury yields edge lower as traders await start of four-day data dump (marketwatch)
  7. Boeing Investors Weigh Cost of a Strike as Clock Ticks on Contract (barrons)
  8. Disney Narrows Search for the Next Bob Iger. How the Top 2 CEO Candidates Stack Up. (barrons)
  9. Americans Are Really, Really Bullish on Stocks (wsj)
  10. Americans’ Economic Mood Brightens—a Bit (wsj)
  11. Shorts Are Circling Some of the AI Boom’s Biggest Question Marks (bloomberg)
  12. Investors should be cautious for the next 8 weeks, says Fundstrat’s Tom Lee (cnbc)
  13. Chinese e-commerce giant Pinduoduo updates rules to kick out sellers of shoddy products (scmp)
  14. Alibaba-backed e-wallet operator buys Ant Bank Macao, eyes financial services for tourists (scmp)
  15. Google, DOJ Trial Drama To Hit Earnings By Up To 10%, Says JPMorgan: ‘Status Quo Is No Longer Possible’ (benzinga)

Be in the know. 8 key reads for Labor Day…

  1. New report offers more details into Intel’s possible plans to slash costs, sell units (marketwatch)
  2. Banks May Think Twice Before Lowering Savings Account Rates in Lockstep with the Fed (barrons)
  3. Chinese EV Makers Boost Deliveries by 30% in August (barrons)
  4. China’s Sputtering Growth Engines Raise Urgency for Stimulus (bloomberg)
  5. Yen Forecasters Chart Path Past 140 as Global Rate Tracks Emerge (bloomberg)
  6. Ant Group’s blockchain arm Zan wants to be the Google or Microsoft of Web3 in Hong Kong (scmp)
  7. Hong Kong property: cash-rich buyers make most of Peak distress amid 50% price slump (scmp)
  8. U.S. stock-market rebound faces ‘huge’ jobs reports after Labor Day weekend (marketwatch)

Be in the know. 10 key reads for Sunday…

  1. Anil Kashyap on the Two Types of Fed Balance Sheet Operations (bloomberg)
  2. Luscious Views, Perfect Pasta, and Secret Hideaways: 4-Day Weekend on the Amalfi Coast (mensjournal)
  3. Retail Needs Some Therapy as Cautious Consumers Trade Down (wsj)
  4. Airbnb Should Be a Sleeper Hit (wsj)
  5. Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis (nytimes)
  6. How to fix a housing shortage (npr)
  7. Kamala’s tax proposals (scottgrannis)
  8. Pagani Will Keep Making V-12 Hypercars Because Its Customers Don’t Want Hybrids or EVs (robbreport)
  9. What to Watch For Next When the Fed Starts Cutting Rates (bloomberg)
  10. Jeff Bezos’ new $80 million ride (foxbusiness)

Be in the know. 20 key reads for Saturday…

  1. Alibaba shares jump after it completes three-year regulatory overhaul (nbc)
  2. Intel is trading at ‘tangible book’: Thomas Hayes (foxbusiness)
  3. Biotech Stocks Are Showing Signs of Life. Why the Rally Could Continue. (barrons)
  4. He Raised Disney Park Prices—and Fans Still Love Him. Now He’s on the CEO Shortlist. (wsj)
  5. Intel working with bankers to present board with strategic options, sending shares up 10% (cnbc)
  6. Consumer sentiment improves a bit more in late August (marketwatch)
  7. Intel Weighs Options Including Foundry Split to Stem Losses (bloomberg)
  8. The North Face/Vans Parent Sees Big Insider Stock Buy (barrons)
  9. Dollar General Blamed the Economy for Poor Earnings, but This Was the Cause (barrons)
  10. A population decline stemming from falling birthrates and tighter immigration policies could derail America’s prosperity. Politicians of both persuasions are promising to help families. (barrons)
  11. Fed’s Preferred Inflation Gauge Stays on Cooling Trend (barrons)
  12. Intel Considers a Radical Reform, Report Says. Why It Could Spell the End for CEO Pat Gelsinger. (barrons)
  13. Eurozone Inflation Closes in on ECB Target (wsj)
  14. The Threat to OpenAI Is Growing (wsj)
  15. How a Corporate Tax Rate Change Could Impact Companies’ Growth, Investment (wsj)
  16. Lululemon promises to crank out new styles after ‘Breezethrough’ fiasco, embarrassing reviews (nypost)
  17. Chinese central bank’s $56bn debt purchase sparks talk of bond market intervention (ft)
  18. How Nike Ran Into Trouble (bloomberg)
  19. 94 Investing Lessons from Warren Buffett (dgi)
  20. Check Into These Classic Italian Luxury Hotels in Tuscany and Milan (maxim)

 

Be in the know. 13 key reads for Friday…

  1. Alibaba wins Beijing’s approval in end to years-long scrutiny (finance.yahoo)
  2. IBM Cloud to offer Intel’s Gaudi 3 AI chips next year (techcrunch)
  3. Intel Weighs Options Including Foundry Split to Stem Losses (finance.yahoo)
  4. Yuan Hits Strongest in Over a Year as Flows Offset Fundamentals (bloomberg)
  5. Disney CEO Bob Iger says he’s ‘obsessed’ with finding his replacement. The clock is ticking. (finance.yahoo)
  6. China PBOC Starts Bond Trading After Warning of Market Stampede (bloomberg)
  7. Dell Stock Rises on Strong Earnings. AI Server Demand Is Booming. (barrons)
  8. Lululemon’s diagnosis of its current woes? Not enough ‘newness.’ (marketwatch)
  9. ‘The Claman Countdown’ panelists Scott Bauer and Thomas Hayes react to Nvidia beating estimates. (foxbusiness)
  10. Yen’s Rapid Advance Pressures Earnings Once Thought Easy to Beat (bloomberg)
  11. Chinese central bank’s $56bn debt purchase sparks talk of bond market intervention (ft)
  12. China’s internet users near 1.1 billion, driven by short videos and mobile payments (scmp)
  13. How golfing — and putting in particular — can be applied to investing, according to one strategist (marketwatch)

 

Be in the know. 17 key reads for Thursday…

  1. Tool Up for Lower Rates With Stanley Black & Decker (wsj)
  2. “Nguyen said that rivals, such as Intel, could “chip away” at Nvidia’s market share” (bbc)
  3. Nvidia Tumbles After Disappointing Forecast, Blackwell Snags (bloomberg)
  4. Nvidia’s earnings report shows the problem of being priced for perfection (cnbc)
  5. Nvidia CEO Jensen Huang Sold $580 Million of Stock. How Much More He Can Sell. (barrons)
  6. NVIDIA Earnings: Here’s What You Need to Know (247wallstreet)
  7. Friday’s PCE inflation report: Here’s how financial markets may react (marketwatch)
  8. Retail investors are bullish on stocks ahead of the Fed’s rate cut next month (marketwatch)
  9. Retail investors loaded up on Nvidia ahead of the microchip maker’s poorly received results. (marketwatch)
  10. This $100 Million Tournament Gives Scottie Scheffler a Head Start. It Also Gives Him Fits. (wsj)
  11. Canada Goose, Known for Heavyweight Parkas, Leans Into T-Shirts and Shorts (wsj)
  12. AI Is Learning to Predict the Weather (wsj)
  13. Bosses Are Finding Ways to Pay Workers Less (wsj)
  14. California lawmakers pass controversial AI bill opposed by most of tech industry (nypost)
  15. Layoffs remain low as first-time jobless claims decline (marketwatch)
  16. China’s international use of renminbi surges to record highs (ft)
  17. Alibaba announced its conversion to a Hong Kong and New York dual primary listing, paving the way for a September inclusion in the Southbound Stock Connect. (chinalastnight)

Be in the know. 11 key reads for Wednesday…

  1. Alibaba’s Connect Membership May Be a Boon for Overseas Stocks (bloomberg)
  2. Fed’s annual Jackson Hole conference confirmed a regime change: Thomas Hayes (Fox Business)
  3. Hayes points to seasonality factors at play as the next few months could see heightened volatility (^VIX) ahead of the election. (Yahoo! Finance)
  4. New Boeing CEO’s engineer background ‘helpful’ to turnaround (Yahoo! Finance)
  5. Protests in China on the Rise Amid Housing Crisis (bloomberg)
  6. Warren Buffett’s Berkshire Hathaway Is Selling Bank of America Stock Again (barrons)
  7. Chewy Stock Rises. Earnings Jump After Customers Spend More on Pets. (barrons)
  8. Food Is Getting Cheaper. The ‘Price Gouging’ Fight Has Nothing to Do with It. (barrons)
  9. Can a Closed Nuclear Power Plant From the ’70s Be Brought Back to Life? (wsj)
  10. US Mortgage Rates Drop Again to Lowest Level Since April 2023 (bloomberg)
  11. Reliance, Disney India’s $8.5 Billion Merger Wins Antitrust Nod (bloomberg)