Latest news with #NewYorkStockExchange
RTHK
8 hours ago
- Business
- RTHK
US stocks mostly down after Fed decision
US stocks mostly down after Fed decision Traders work on the floor at the New York Stock Exchange. Photo: Reuters US stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting. In keeping rates unchanged, as was widely expected, the central bank said "the unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," in a split decision that saw two governors dissent. Stocks were modestly higher before the Fed statement as investors assessed the first reading of second-quarter economic growth, which was stronger than expected, but underlying details indicated an economy that was likely losing strength. However, stocks retreated after Powell said it was too soon to say whether the Fed would cut rates at its next meeting in September and noted that current policy was modestly restrictive but has not been holding back the economy. "There wasn't too much of a change in the statement here, still showing concerns about how these tariff policies will come through and probably yet to rely on the data that's come through, you can see that just in the GDP report, how much noise is going on in each of these releases right now," said JP Powers, chief investment officer at RWA Wealth Partners in Boston. The Dow Jones Industrial Average fell 171 points to 44,461, the S&P 500 lost 7 points to 6,362 and the Nasdaq Composite gained 31 points to 21,129. The S&P had risen as much as 0.4 percent on the session before fading. Megacap companies Microsoft and Meta Platforms were both up more than 6 percent in extended trade after reporting quarterly results while investors were still awaiting earnings from Amazon and Apple on Thursday. (Reuters)
Straits Times
10 hours ago
- Business
- Straits Times
US stocks mostly fall as Fed avoids dovish shift
Sign up now: Get ST's newsletters delivered to your inbox Traders working on the floor of the New York Stock Exchange, in New York City, on July 30. NEW YORK - Wall Street stocks finished mostly lower July 31 after the Federal Reserve kept interest rates flat and refrained from signaling it will soon cut interest rates. The Fed, as expected, held interest rates steady, despite relentless pressure from US President Donald Trump for an interest rate cut. In a press conference, Fed chairman Jerome Powell emphasised future monetary policy decisions would depend on economic data. 'Powell sounded more hawkish than what markets were hoping for,' said Mr Angelo Kourkafas, of Edward Jones. Futures markets lowered their odds for a September interest rate cut following the press conference and statement, which included no major tweaks that would have implied an imminent interest rate cut. The Dow Jones Industrial Average finished down 0.4 per cent at 44,461.28. The broad-based S&P 500 shed 0.1 per cent to 6,362.90, while the tech-rich Nasdaq Composite Index rose 0.2 per cent to 21,129.67. Top stories Swipe. Select. Stay informed. Singapore Water supply issues during Toa Payoh blaze affected firefighting operations; SCDF investigating Singapore 3 taken to hospital after fire in Marsiling flat Singapore School, parents on alert after vape peddlers approach primary school pupil Singapore Tampines, Toa Payoh BTO flats most popular among first-time home buyers in July HDB launch Sport Leon Marchand sets first world record at World Aquatics C'ships in Singapore Singapore Jail, fine for man linked to case involving 3 bank accounts that received over $680m in total Singapore Provision shop owner who raped 11-year-old gets more than 14 years' jail Singapore Escape, discover, connect: Where new memories are made Earlier, economic data showed the US economy returned to expansion in the second quarter, notching 3 pecent growth after a contraction in the first quarter. But GDP in both quarters was heavily influenced by import activity in response to Trump's aggressive trade policy. Mr Powell flagged heightened uncertainty surrounding trade talks. 'It's been a very dynamic time for these trade negotiations,' he told reporters at a press conference. 'We're still a ways away from seeing where things settle down.' AFP
The Independent
a day ago
- Business
- The Independent
SunPower Maxeon 7 solar panel review: best for longevity
If you're investing in solar power for the long haul, the SunPower Maxeon 7 solar panel stands out for its exceptional warranty and durability. In this SunPower Maxeon 7 review, we explain why it's our top choice for longevity and how it compares to other brands on the market. Whether you're trying to cut your energy bills or make your home more sustainable, solar panels can be a smart investment. To help you get started, we've reviewed the best solar panels available in the UK and compared leading products side by side. You can also check out our guide to the best solar panel installers to ensure a quality installation. The solar panel market is a competitive one, with plenty of unfamiliar brands offering fairly similar products. But choosing the best solar panels in the UK isn't as simple as picking the model with the highest efficiency or the longest warranty. Many panels now offer similar specs on paper — comparable power output, 25- to 30-year lifespans, and sleek all-black designs. But with installation often being the largest part of the overall cost of solar panels, and British weather posing its own set of challenges, the stakes for getting the right system are high. The boom in commercial solar farms has helped push the technology forward. Installation is still the biggest cost, so it pays to invest in long-lasting panels. Fortunately, costs have fallen dramatically over the past two decades, especially as China has scaled up manufacturing and innovation. But fitting panels still involves scaffolding, labour, and additional equipment to connect to your home mains, so it's wise to factor in total system cost, not just the panel price when choosing the best solar panel for your home. Why choose the SunPower Maxeon 7? Price, installed: £1250 per kW Efficiency: 24 per cent Wattage per panel: 475W Type: N-Type Made in: Malaysia and the Philippines Degradation: 90.8 per cent after 30 years Warranty: 40 years with registration, only for certain fitters A pricier unit than most, the SunPower Maxeon 7 solar panel also has the staying power to justify the extra expense. It's the only solar panel in our roundup to offer an industry-leading 40-year warranty, making it ideal for homeowners prioritising long-term peace of mind. The catch is that you must register the product to access this extended coverage, and only certain installers qualify, so be sure to ask your provider if this is important to you. The panel also delivers high efficiency, strong power output and minimal degradation—it will retain more than 90% of its original power output even after 30 years. Its high output per panel makes the Maxeon 7 a smart choice for homes with limited roof space. Whilst still using the SunPower brand, Singapore-based Maxeon was spun off from its American parent company, SunPower, in 2020. The company is now headquartered in Singapore and listed on the New York Stock Exchange. China's TCL Technology Group owns more than a third of its shares, while France's TotalEnergies holds roughly 25%. Weighing just 21kg, the panel is relatively light for its size. It measures 1.79m x 1.04m with a depth of 4cm. One note of caution: Maxeon's financial performance has been under pressure in recent years. The company lost its largest customer following the 2020 split from SunPower, which negatively impacted revenues. In 2024, Maxeon announced plans to sell its non-US business to its main investor, TCL. For more on longevity, see our guide to how long solar panels last. Pros: Cons: For those seeking top-tier solar solutions, Maxeon Solar Technologies stands as a steadfast leader in the PV sector, backed by a dedicated network Stratford Energy How we compiled our guide To compile our list, we spoke to experts on the ground and have broken down the top-performing brands based on real-world value, not just technical specs. We've prioritised long-term performance, value for money, and the reputation of the best solar panel installers in the UK. And if you're wondering are solar panels worth it for your home, this guide is designed to help you make a smart, informed decision that pays off over time—whether you're upgrading an old array or fitting solar panels for the first time. Most panels are guaranteed for 25 years and offer similar power output, size, efficiency and looks. So we've weighted our judgement towards cost and degradation, which describes how much power the cells will provide after a number of years. The higher the percentage, the better. Much of your decision will also depend on which installer you go with, as many have preferred brands they work with due to bulk purchasing. You'll also see a lot of unfamiliar Chinese names as you do your research, but many of these are Tier-1 manufacturers in clean energy with strong track records in quality and durability.
Yahoo
a day ago
- Business
- Yahoo
H&R Block to Release Fiscal 2025 Results on August 12, 2025
KANSAS CITY, Mo., July 29, 2025 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) will report fourth quarter and fiscal 2025 full year results on Tuesday August 12, 2025, after the New York Stock Exchange market close. At that time, a copy of the press release and presentation will be available on the company's investor relations website at A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Tuesday, August 12, 2025. During the conference call the company will give a general business update and discuss fiscal 2025 results and fiscal 2026 outlook. To join live, participants must register at Once registered, the participant will receive a dial-in number and unique PIN to access the call. Please join approximately 5 minutes prior to the scheduled start time. The call, along with a presentation for viewing, will also be webcast in a listen-only format for the media and public. The webcast can be accessed directly at and will be available for replay 2 hours after the call is concluded and continuing for 90 days. About H&R BlockH&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News. For Further Information Investor Relations: Jessica Hazel, (816) 854-4214, Media Relations: Media Desk, mediadesk@ in to access your portfolio
CTV News
2 days ago
- Business
- CTV News
Spotify forecasts profit below estimates on higher taxes, shares sink
A trading post sports the Spotify logo on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File) Spotify forecast third-quarter profit below Street estimates on Tuesday as higher taxes related to employee salaries outweigh upbeat demand for its premium music-streaming plans. The company's shares, which have risen around 57 per cent so far this year, fell nearly nine per cent in premarket trading. Investors are closely monitoring the Swedish company's profitability after price hikes, cost cuts and subscriber gains in recent years helped it achieve its first annual profit in 2024. Spotify said it expects operating income of 485 million euros (US$561.05 million) in the current quarter, below an estimate of 562 million euros, according to data compiled by LSEG. Its third-quarter monthly active users (MAU) forecast of 710 million was in line with estimates, while its prediction for a 5 million increase in premium subscribers to 281 million was above a Visible Alpha estimate of 279 million. Its board has approved a $1 billion increase to its share repurchase program, raising the total authorization to $2 billion, with $1.9 billion available for buybacks through April 2026. Tough competition in music streaming and podcasts from rivals from Apple and Amazon has also prompted Spotify to increase marketing, which contributed to an eight per cent increase in operating expenses in the April-to-June quarter. Premium subscribers rose 12 per cent to 276 million in the second quarter, compared with a Visible Alpha estimate of 273 million. Its MAU net additions of 18 million brought the total to 696 million, exceeding expectations. Second-quarter revenue rose 10 per cent to 4.19 billion euros ($4.85 billion), but fell short of an estimate of 4.26 billion euros. Spotify said unfavorable currency movements reduced year-over-year total revenue growth by about 440 basis points in the reported quarter. It forecast third-quarter revenue of 4.2 billion euros, below the estimate of 4.48 billion euros. (Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja Desai)
