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Nasdaq Closes Higher as More Earnings Roll In
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Fixed income should have more love in a ‘higher and hold’ world
The prospects for returns are much brighter, with bond yields at the highest levels since the global financial crisisFinancial Times - World -
Rolls-Royce SMRs construction approved by Polish Ministry
Yahoo News - World -
Fueled by Conley, Wolves roll by 45 to force G7
A "complete team" with veteran point guard Mike Conley back, the Wolves blew out the Nuggets by 45 points Thursday night to force Game 7.ESPN - Sports -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Yahoo News - World - Brazil -
Treasury yields end higher for first time in four sessions
Rates on U.S. government debt closed higher on Thursday, with 10- and 30-year yields bouncing off their lowest levels since early April, after a fresh round of data.MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business
More from The Wall Street Journal
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China Is Finally Getting Serious About a Housing Rescue
The government is seeking to bail out failed developments, mop up housing inventory and persuade buyers to re-enter the market.The Wall Street Journal - World - China -
Glynn's Take: RBA Gov. Bullock Alone in Fight to Tame Inflation
Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.The Wall Street Journal - World -
U.S. 10-Year Treasury Yield Likely to Edge Lower, Chart Shows
The U.S. 10-year Treasury yield is likely to edge lower, based on the daily chart, UOB said.The Wall Street Journal - World -
Richemont Names New CEO
Richemont said it appointed Nicolas Bos, currently chief of its French jewelry brand Van Cleef & Arpels, as its CEO.The Wall Street Journal - World -
EUR/USD Expected to Stabilize Near Term
A stabilization in EUR/USD around 1.08/1.09 or some modest downside pressure is ING’s expectation for the near term.The Wall Street Journal - World