"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren wrote.Politicsread more
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
CNBC's Mike Santoli breaks down the aggressive buying of "sure things" and shunning of cyclical and policy risk.Trading Nationread more
Facebook has seen an increase in the median number of comments, likes and ads clicked by users on the service from January to July, according to Audience Insights, a Facebook...Technologyread more
For investors hoping rate cuts would push the market higher, Goldman Sachs said stocks can't really go anywhere from here.Marketsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
* Nitori soars on higher sales in latest quarter
* Shippers rally on rising freight charges
TOKYO, July 4 (Reuters) - Japanese stocks rose on Thursday, tracking Wall Street's gains on expectations that the U.S. Federal Reserve will start cutting interest rates after the latest data signaled a slowdown in the U.S. economy.
The Nikkei share average ended 0.3% higher at 21,702.45 in thin trading as U.S. financial markets were closed for a national holiday on Thursday.
The broader Topix gained 0.7% to 1,589.78. Advancing issues outnumbered declining ones 1,599 to 467.
Only 822 million shares changed hands on the Topix's main board, the lowest volume since December 2011.
The U.S. trade deficit jumped to a five-month high in May and activity in the services sector slowed in June, according to data released on Wednesday.
The data followed reports on housing, manufacturing, business investment and consumer spending that point to slowing economic growth in the second quarter.
Japanese stocks were supported by optimism for a looser monetary policy in the United States, but investors were also cautious about the potential impact on the yen.
"Investors were worried that Japanese shares may suffer from a side effect of the stronger yen," said Yutaka Miura, a senior technical analyst at Mizuho Securities.
Among Thursday's gainers, shippers rallied as the Baltic Dry Index (BDI), or freight charges, jumped 7.1% to a level not seen since October 2018.
"Considering that the BDI tends to reflect Chinese resource demand in real time, there would appear to be a good likelihood that commodity supply-demand will take a turn for the better, at least versus May-June," said Masanari Takada, cross asset strategist at Nomura Securities.
"The BDI does have a seasonal tendency to improve in July, but the pace of improvement this time around is quite marked," he added.
Mitsui OSK Lines gained 1.7% and Kawasaki Kisen surged 3.7%.
Nitori Holdings soared 4% after the discount furniture store operator said sales rose 6.1% to 167.3 billion yen for the March-May quarter.
Nitori's operating profit was 30.4 billion yen, about the same as the previous year and in line with market expectations. (Editing by Darren Schuettler)