Walmart (WMT) wowed Wall Street yet again, causing shares to jump nearly 7% in pre-market trading.For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared to estimates of $0.53.CEO Doug McMillion called it a "great quarter" in the release .
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It’s official at last: the Age of Bogle is over.A half-century after John “Jack” Bogle founded Vanguard Group, the roughly $9 trillion fund giant is doing what once would’ve been unthinkable: hiring an outsider as its chief executive officer. And from archrival BlackRock Inc., no less.To many, the House of Bogle handing the reins to Salim Ramji, a longtime BlackRock executive once considered.
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The Chinese gold rush is a stark reminder of investor behavior when market and economic cycles turn. Gold consumption in China has increased by over 6% this year despite higher prices. The Chinese central bank has exchanged some of its dollars for gold as it ran down its US Treasury holdings at a brisk pace—around $350 billion in the past two-three years.
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