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Kylian Mbappé of France scores 19th career World Cup goal, 1 behind Golden Boot rival Messi AP NewsFrance's Kylian Mbappé on Paraguay tactics: 'We can also get our hands dirty' ESPNVictorious Mbappe levels Messi in World Cup golden boot race, did Paraguay's tactics go too far? - The Athletic The New York TimesFrance records another ho-hum win, as it aims for a third-straight World Cup final NBC News
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In Mount Rushmore speech, Trump veers from U.S. exceptionalism to warnings about communism NPRTrump launches America's 250th birthday celebrations with partisan attack The GuardianAt Mount Rushmore, Trump Veers From Patriotism to ‘Communism' The New York TimesTrump hails U.S. exceptionalism before veering into darkly political speech to usher in America 250 NBC4 Washington
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Live updates: America marks 250 years as heat threatens celebrations; Donald Trump to speak The HillAt Mount Rushmore, Trump Veers From Patriotism to ‘Communism' The New York Times‘Communist menace in our land': Trump's July 4 rallying cry to America MS NOWTrump launches America's 250th birthday celebrations with partisan attack The Guardian
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Morocco beats World Cup co-host Canada 3-0 and advances to the quarterfinals AP NewsCanada's Jesse Marsch on World Cup exit vs. Morocco: 'We were the better team' ESPNAfter a magical day of World Cup action, the Round of 16 kicks off CNNWorld Cup Day 24 What to Watch: Kylian Mbappé, France in action; Canada, Morocco meet as Round of 16 kicks off Yahoo Sports
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Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.
"Despite a quiet global economic data front, this weekend and Monday morning have been anything but quiet as global yields are surging to record highs," said Stefanos Bazinas, execution strategist at the New York Stock Exchange. Indeed, both the 2-year Treasury yield ( 10.5 basis points to 4.319%) and the 10-year Treasury yield ( 20.3 basis points to 3.90%) continued to climb, hitting levels not seen in over a decade.
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And this, Bazinas says, comes after the U.K. last week announced the biggest tax cuts in more than 50 years and indicated more were to come. This sent the British pound to an all-time low against the U.S. dollar earlier today. The dollar, for its part, hit its highest level since early 2002.
Most sectors finished lower, led by sharp losses for real estate (-2.7%) and utility (-2.4%) stocks. And while consumer discretionary (-0.2%) also ended in the red, its loss wasn't nearly as deep thanks to strength in Las Vegas Sands (LVS, 11.8%) and Wynn Resorts (WYNN, 12.0%). The casino stocks rallied after Macau, a huge destination for Asian gambling, said it is planning on relaxing COVID-related travel restrictions as soon as November.
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