Be in the know. 11 key reads for Thursday…

  1. Indonesia Signals End of Hikes as Fed Peak Rate Comes to View (bloomberg)
  2. What the poet, playboy and prophet of bubbles can still teach us (ft)
  3. US Economy Grows at 2.9% Pace, Faster Than Expected (bloomberg)
  4. ChatGPT’s Need for Computing Power Keeps It Tethered to Microsoft (bloomberg)
  5. American Airlines Posts Record Revenue. It’s Upbeat About 2023. (barrons)
  6. S. durable-goods orders rose 5.6% in December but dipped excluding transportation (marketwatch)
  7. The auto industry was the lone and notable standout. Texas Instruments said sales in that sector rose in the mid-single digit percentage range on a year-over-year basis. (wsj)
  8. Party City’s founder blames bankruptcy on private equity firms that jacked up prices (nypost)
  9. Here’s when US home price declines could end, Goldman Sachs says (nypost)
  10. Hong Kong stocks hit 11-month high as Year of the Rabbit kicks off in style (scmp)
  11. ‘They need the parts’: Aircraft shortage fuels boom for repair shops (ft)

Be in the know. 25 key reads for Wednesday…

  1. The First Pause: Bank Of Canada Hikes 25bps As Expected, Will Hold Rates As It “Assesses Impact” (zerohedge)
  2. Microsoft Cloud Services Fuel Better-Than-Expected Earnings, But Outlook Weak (investors)
  3. ASML Profit Tops Expectations. It Sees a Chip Market Rebound. (barrons)
  4. AT&T Earnings, Full-Year Free Cash Flow Top Estimates (investors)
  5. Tourists swarm gambling hub Macau over Lunar New Year after COVID curbs dropped (reuters)
  6. Amazon’s New Drug Service a Growing Threat to CVS (barrons)
  7. Money Supply Shrinks for the First Time. What It Says About Inflation and the Economy. (barrons)
  8. The Fed’s Impossible Choice (barrons)
  9. DOJ Sues Google, Seeking to Break Up Online Advertising Business (wsj)
  10. S. Economy Slows, but Europe’s Picks Up, Raising Hopes World Will Avoid Recession (wsj)
  11. Companies Cut Temp Workers in Warning Sign for Labor Market (wsj)
  12. JetBlue, Beloved for Its Snacks and Wi-Fi, Tries Fixing Its Flying (wsj)
  13. A Casino at Saks, Times Square or the U.N.? Companies Pitch NYC (wsj)
  14. Stanley Black & Decker Names Fortune Brands Executive as CFO (wsj)
  15. Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp (wsj)
  16. Defense Companies Secure Record Orders (wsj)
  17. Paramount Weighs Making Paramount+ Content Available on Showtime TV Channel (wsj)
  18. Is a US Recession Near? Making the Call Is Trickier Than Ever (bloomberg)
  19. Traders Bet BOE Will Cut Rates Before Year-End to Shore Up Economy (bloomberg)
  20. How Cash-Needy Private Companies Are Avoiding Dreaded Down Rounds (bloomberg)
  21. China Says Covid Deaths, Severe Cases Drop By More Than 70% (bloomberg)
  22. China Is Trying to Play Nice, and It’s a Problem for the US (bloomberg)
  23. The bear market in stocks is ‘on thin ice’ as improving technicals challenge the narrative that a recession is near, Fundstrat says (businessinsider)
  24. Morningstar: Buy these 10 cheap, high-quality stocks that pay a healthy dividend to help offset stock market losses and slowing economic growth (businessinsider)
  25. Will China ‘Revenge Spending’ Follow $2.6 Trillion Rise In Savings? (zerohedge)