NYSE Content Advisory: Pre-Market update + S&P 500 trades within 1% of record
NEW YORK, June 25, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
delivers the pre-market update on June 25th
Equities are little changed Wednesday morning after jumping by more than 1% on Tuesday. The DOW gained over 500 points while the S&P 500 sits just shy of a record high.
Driving those gains were easing tensions in the Middle East, resulting in crude oil prices falling by approximately 5% during Tuesday's session. President Trump announced a ceasefire agreement on Monday night.
Fed Chair Powell reiterated the Central Bank's wait-and-see approach to cutting interest rates in a testimony before the House Financial Services Committee on Tuesday. The Fed last cut rates in December.
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JBS N.V. (NYSE: JBS) celebrates its recent listing
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Glaukos Corporation (NYSE: GKOS) celebrates the 10 th anniversary of its IPO
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Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. On the second day of his twice-yearly testimony before the House and Senate, Powell said that consumers will likely have to shoulder some of the cost of the import taxes. Most Fed officials support cutting rates this year, Powell added, but the central bank wants to take time to see how inflation changes in the months ahead. 'There will be some inflation from tariffs coming,' Powell said under questioning from members of the Senate Banking Committee. 'Not yet, but over the course of the coming months.' Powell noted that the duties would likely cost hundreds of billions of dollars annually, and 'some of that is going to fall on the consumer. We're just kind of waiting to see more data on that.' Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete Ricketts, a Republican from Nebraska, argued that the duties could simply act as a one-time increase in prices that wouldn't fuel inflation. And Sen. Bernie Moreno, a Republican from Ohio, echoed some of Trump's complaints about Powell's reluctance to cut rates and accused Powell of political bias. 'You should consider whether you are looking at this through a fiscal lens or a political lens because you just don't like tariffs,' Moreno said. Powell didn't respond. Monday Mornings The latest local business news and a lookahead to the coming week. But the Fed chair reiterated that most central bank officials do support cutting the Fed's key rate this year. And Powell added that it is possible that tariffs won't increase inflation by very much. Trump has sharply criticized Powell for not reducing borrowing costs, calling him a 'numbskull' and a 'fool.' Trump has pushed for rate cuts in order to reduce the interest costs the federal government pays on its debt. Yet some Fed officials have pushed back against that view, saying that it's not their job to lower the government's borrowing costs. So far, inflation has steadily cooled this year despite widespread concerns among economists about the impact of tariffs. The consumer price index ticked up just 0.1% from April to May, the government said last week, a sign that price pressures are muted. Compared with a year ago, consumer prices rose 2.4% in May, up from a yearly increase of 2.3% in April. Yet most economists on Wall Street expect that Trump's tariffs will lift inflation this year, to about 3% to 3.5% by the end of this year.
Cision Canada
2 hours ago
- Cision Canada
Canadian Airports Celebrate Second Annual Airport Workers Day with Expanded National Awards Honouring Excellence Across the Sector Français
OTTAWA, ON, June 25, 2025 /CNW/ - Today, over 30 airports across Canada will come together to celebrate the second annual Airport Workers Day, a national event recognizing the contributions of the people who keep Canada's aviation system running. From front-line agents to behind-the-scenes technicians, this day honours the individuals who connect people and goods, communities, and Canada to the world. This year, the Canadian Airports Council (CAC) is proud to expand the celebration by presenting eight national awards to outstanding airport workers across the country. This year's award recipients are: Jocelyn Alexander, Calgary International Airport – Rising Star Mike Lazenby, Dexterra Group, Edmonton International Airport – Excellence in Efficiency Optimization Zaina Alhillou, Qafiya Consulting Inc., PortsToronto – Airport Innovator Roger Hussey, Inland Technologies, St. John's International Airport – Environmental Steward Water Fasan, Toronto-Pearson – Outstanding Service Karen Funk, Victoria Airport Authority – Operational Excellence Lahcen Bouachra, Alstef Canada Inc., Montréal-Trudeau International Airport – Outstanding Leadership Vivian Chan, Vancouver International Airport – Industry Champion "This day is about recognizing the dedication and importance of airport workers across the country," said Monette Pasher, President of the Canadian Airports Council. "With more than 200,000 people working directly in airports, supporting passenger and cargo operations, and 150 million passengers expected to travel through Canada's airports in 2025, it is important we take a moment to thank the teams who make it all possible." Canada's airports are more than travel hubs, they are vital infrastructure that powers the economy. Nationally, airports support 435,800 jobs, provide $32.9 billion in annual wages, generate $49.6 billion in GDP, and produce $123.5 billion in total annual economic output. Across the country, participating airports will host appreciation events for their teams who keep the engine of Canada's aviation industry moving. These celebrations are a small way to thank the teams whose work is essential to the safety, efficiency, and success of Canada's air transportation system. From equipment operators and customer service agents to security personnel, mechanics, and firefighters, the wide range of roles at airports reflects the diversity and depth of talent in the industry. Airport Workers Day is a coordinated national effort to celebrate our workforce and highlight the vital role aviation plays in our economy and communities. Join the celebration and share your appreciation using #AirportWorkersDay2025. About the Canadian Airports Council The Canadian Airports Council (CAC), a division of Airports Council International-North America, is the voice for Canada's airports community. Its 60 members represent more than 100 airports, including all of the privately-operated National Airports System (NAS) airports and many municipal airports across Canada.
Vancouver Sun
2 hours ago
- Vancouver Sun
What does NATO's 5% spending deal really mean?
NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending pledge to satisfy US President Donald Trump's demand for a headline figure of five percent of GDP. Here are the details of what NATO is signing up to: Trump has insisted NATO countries hit the five-percent bar — well beyond the current two percent baseline level currently required by the alliance. Only a handful of allies — such as Poland and the Baltic states — are coming close to five percent at the moment, with the United States itself under 3.4 percent in 2024. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. NATO's 32 nations have thrashed out a compromise deal to dedicate 3.5 percent to core military needs by 2035, and 1.5 percent to broader 'defence-related' areas such as cybersecurity and infrastructure. That gives Trump the win he craves while granting cash-strapped European governments some wiggle room. Nevertheless, it is still a major ask for many governments and will add hundreds of billions to budgets in the coming years. The bulk of the spending is still required to go on NATO's key focus area: raw military might. Alliance members last month signed up to new targets for all the hardware they need to face off against the threat from Russia. The exact details are secret but it will involve the biggest ramp-up in capabilities since the Cold War. NATO chief Mark Rutte said it envisions a five-fold increase in the alliance's air defences and adding thousands more tanks and armoured vehicles to arsenals. Countries will also likely keep counting the billions of dollars in military aid they give to Ukraine in this category. The rest of the pledge covers a far broader array of areas from bridges and roads, to cybersecurity. NATO says these items — while not immediately evident — are also crucial to helping defend against any attack. 'If you can't get tanks to the front lines because the roads or bridges or rail can't handle those tanks and their weight, then obviously they're worthless,' US NATO ambassador Matthew Whitaker said. NATO officials admit that much of this spending will already be on the books of national governments — and will just need to be redesignated. Italy for instance has said it believes a long-planned bridge it wants to build linking Sicily to mainland should fall under that category. Ensuring countries stick to the deal is a key element, as previous NATO pledges have often not been respected. Officials had originally floated a plan to have NATO members commit to increases of 0.2 percentage points a year until they hit the target. That was eventually dropped in the face of opposition from governments who didn't want to have their feet to the fire. Now countries will have to submit reports each year to NATO showing that they are stepping up and buying what is needed. There will also be a review of sorts in 2029 when NATO comes up with new targets for arms needed and the demands could be adjusted. And looming over everyone's shoulder if they don't make good on their promise will be the unpleasant prospect of upsetting anyone exempt? Spain — which has been one of NATO's lowest spenders — claims it won't have to hit the five percent target after striking a side deal with Rutte. But the NATO chief has insisted that there is no 'opt-out' from the agreement and every country will have to step up to the levels set. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
