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ArcelorMittal Cautious Despite Earnings Beat
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Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - 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 -
Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.MarketWatch - Business -
How Russia has advanced in Kharkiv despite warnings attack was coming
Shortage of munitions, fighters and air defences leaves Ukraine unprepared to repel attack. Russia’s attack across the border north and north-west of Kharkiv was telegraphed by Moscow, predicted by western intelligence and anticipated by Ukraine. ...The Guardian - World - Russia -
The right US-China policy prioritizes collaboration despite competition
Conflict and hostility currently dominate the China discourse.The Hill - Politics -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World
More from The Wall Street Journal
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China Consumption, Investment Slows Unexpectedly
Consumption and investment in China slowed unexpectedly in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.The Wall Street Journal - World - China -
Most Asian Currencies Weaken; China Economic Data in Focus
Most Asian currencies weakened against USD in the morning session in possible position adjustments following the greenback’s recent depreciation.The Wall Street Journal - World - China -
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Forget 9 to 5. These go-getters are working 5 to 9.The Wall Street Journal - World -
JGB Futures Fall; BOJ Bond Purchases in Focus
JGB futures fell in thin trading in the morning Tokyo session. Market participants were likely to focus on the BOJ’s bond purchase operations today.The Wall Street Journal - World -
Oil Edges Higher, Aided by Fed Rate-Cut Prospects
Oil edged higher in early trade, aided by prospects of Fed rate cuts which would help support the U.S. economy and energy demand.The Wall Street Journal - World - Federal Reserve