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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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U.S. Dollar Index Seen at 104-105.50 Range in Coming Weeks
Barring any major shocks, the DXY dollar index is expected to trade in the 104-105.50 range over the coming weeks, Monex Europe said.The Wall Street Journal - World -
Tencent's Top Shareholder Taps New Chief in AI Ramp-Up
Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.The Wall Street Journal - World -
Gold Futures Rise as Markets Digest U.S. Economic Data
Gold edged higher, holding ground after U.S. data releases lowered Treasury yields and the dollar, and increased expectations for earlier Fed rate cuts, Commonwealth Bank of Australia said.The Wall Street Journal - World -
China Is Finally Getting Serious About a Housing Rescue
Beijing has announced a plan to clear the backlog of unsold and unfinished homes, but questions remain over the scale and financing of the package.The Wall Street Journal - World - China -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World