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Asian shares are mostly higher after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.
Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan's upper house election.
While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive.The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric,
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PepsiCo jumped 6.6% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.
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Sen. Elizabeth Warren sent letters Thursday to agencies including S&P Global Ratings, Moody’s Ratings and Fitch Ratings, asking for information about how they score the riskiness of private-credit products.
The Nasdaq Composite rose to a record high on Thursday, with Wall Street's other major indexes also advancing, as strong economic data and positive earnings reports cheered investors.