News Highlights: Top Global Markets News of the Day - Tuesday at 1 AM ET
Stocks Extend Rally Ahead of Busy Earnings Slate
The S&P 500 rose 1%, while the Dow Jones Industrial Average added 0.5%. Walt Disney, Uber and Airbnb are among the companies reporting results this week.
RBA Keeps Rates on Hold, Repeats Nothing Ruled In or Out
The Reserve Bank of Australia left interest rates unchanged, and stuck with the message that it isn't ruling anything out as it seeks to bring inflation under control.
Fed Reluctance to Cut Rates Makes Easing Harder for Emerging Markets
Central banks in Brazil and Mexico that led the global fight against inflation could now be stuck with steep interest rates due, in part, to the U.S. Federal Reserve's reluctance to cut.
Dividends Aren't Just for Slow-Growth Stocks
Apple boosted its dividend, and Meta, Alphabet, and Booking all initiated dividends this year. It's all the rage for cash-rich companies.
'Green Shoots' Grow Out of Control on Wall Street
Bankers' favorite metaphor is sprouting all over as optimists see signs that dealmaking is coming back to life.
China's Xi Shouldn't Expect an Easy Ride in Europe This Time
The Chinese leader's visit is set to test Europe's willingness to confront Beijing over its support of Russia and trade practices that have hurt European industries.
Paul Weiss Scores Another Top Dealmaker in Hiring Push
Jim Langston is leaving Cleary Gottlieb Steen & Hamilton to join Paul Weiss's mergers-and-acquisitions practice.
Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback
Shareholders have long called for such disclosure in inspection reports, in part a bid to learn which specific audits had problems.
U.S. Jobs Growth Set to Slow
The Conference Board's employment trends index fell to 111.25 in April from a downwardly revised 112.16 in March.
How Online Shopping Is Saving the Bricks-and-Mortar Store
Retailers are increasingly relying on their shops as fulfillment hubs.
(END) Dow Jones Newswires
May 07, 2024 01:15 ET (05:15 GMT)
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