Latest news with #recordhigh
Yahoo
5 days ago
- Business
- Yahoo
S&P 500 fresh record high, Trump & Powell, Intel: 3 Things
Here are three headlines investors are watching on Friday, July 25. The S&P 500 (^GSPC) notched its tenth record high in the last 19 trading sessions at Thursday's market close. US President Trump visited the Federal Reserve building, which is under renovation, with Fed Chair Jerome Powell. Intel (INTC) stock falls after reporting earnings, with CEO Lip-Bu Tan highlighting cost-cutting efforts. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. US stock futures little changed this morning after the S&P 500 closed out at a record high. That marks the 10th record close in the last 19 trading sessions for the benchmark index. But some on Wall Street are warning on the rally. Bank of America's Michael Hartnett saying the risk of a bubble's on the rise amid an influx of retail trading and increased liquidity. Plus, President Donald Trump downplayed his clash with Federal Reserve Chairman Jerome Powell. Uh that was over the cost of the Federal Reserve's renovation. The President touring the facility with the chairman, maintaining there was what he said was no tension with the Fed chief. He indicated the problems with the project probably weren't reason enough to fire the central bank head. Trump's visit marked the first time in nearly two decades that a president has visited the Federal Reserve. And Intel shares are falling in pre-market trading this morning, after its CEO sparked concerns he's more focused on cost cutting than restoring the chipmaker's technological edge. In its latest earnings, the company said it'll cancel some factory projects and take a more conservative approach to future spending. The CEO called the investments begun under his predecessor, excessive and unwise. Related Videos Homebuilding sector playbook: 4 top stock picks Why consumer stocks are falling out of favor on Wall Street Procter & Gamble, Carvana, Boston Beer: Trending Tickers Trump Is on the Mind of the FOMC, Goldman's Kaplan Says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gizmodo
5 days ago
- Climate
- Gizmodo
Reindeer Flee to Cities as the Arctic Bakes in Unprecedented Heatwave
For two straight weeks, Finland has been roasting under record-high temperatures. The country is facing its most intense and persistent heatwave in its recorded history, which has brought beach weather to towns above the Arctic Circle. Friday marked the 14th consecutive day that at least one part of Finland reached a temperature above 86 degrees Fahrenheit (30 degrees Celsius), according to the Finnish Meteorological Institute. Local weather stations across the country have also reported record-shattering temperatures. Only some parts of Lapland, in the northernmost region of Finland, were spared the record-breaking heat. The heatwave comes as the Arctic is warming at four to five times the pace of the rest of the world, with Finland and other Nordic countries seeing increases in the annual air temperature that exceed the global average. In Finland, mean annual temperatures are projected to rise by up to 6.3 degrees Fahrenheit (3.5 degrees Celsius) by 2050. Finland typically sees temperatures ranging from 59 to 68 degrees Fahrenheit (15 tio 20 degrees Celsius) in July, its hottest month. 'The last time Finnish Lapland had a similarly long heatwave was in 1972,' Jaakko Savela, a meteorologist at the Finnish Meteorological Institute, told BBC News. That heatwave only lasted 12 to 14 days, depending on the exact location. 'That record has now been broken.' Finland's official heatwave threshold is three days with highs over 77 degrees Fahrenheit (25 degrees Celsius). The heatwave has left much of the country's surface soil parched, prompting the Meteorological Institute to issue wildfire warnings across large areas. Air conditioner sales have surged. Even the country's famed reindeer are feeling the heat, and many have reportedly fled into cities in search of cooler temperatures and water, the BBC reports. A slow-moving high-pressure system lingering over northern Europe is to blame for the sweltering heat, and a severe high-temperature warning is still in effect for most of Finland. That's expected to change Saturday, when thunderstorms are forecasted to hit large swaths of the country, although temperatures could still reach as high as 86 degrees Fahrenheit (30 degrees Celsius). Warm temperatures are expected to persist into next week but likely won't be nearly as high. The warmest temperatures in the nation, a balmy 90 degrees (31.7 degrees Celsius), were recorded in Ylitornia and Sodankylä, both in Lapland, earlier this week. That's roughly 18 degrees Fahrenheit (10 degrees Celsius) warmer than the region usually gets. The heat wave has prompted renewed concerns about the impact of climate change on the world's colder regions. Savela notes that this heatwave was not caused by climate change, but global warming has led to increased temperatures. 'Climate change has had an impact: without it, temperatures over the last two weeks would have been lower,' he told the BBC. Even Father Christmas himself, who resides in Santa Claus Village, a theme park in Rovaniemi, Lapland's capital, had to remind his elves to stay hydrated, according to the BBC.
Yahoo
23-07-2025
- Business
- Yahoo
Gold price today, Wednesday, July 23, 2025: Gold opens at record high
Gold (GC=F) futures opened at $3,444.30 per ounce Wednesday, 0.1% higher than Tuesday's close of $3,439.20. Wednesday's opening price is a record high for the precious metal, which last peaked at $3,444 on June 13. Gold's new peak price comes as the August 1 reinstatement date for reciprocal tariffs approaches. On Tuesday, President Trump announced trade deals with Japan, the Philippines, and Indonesia with import levies ranging from 15% to 19%, plus a 40% tariff on foreign goods routed through Indonesia. The U.S. does not yet have trade deals with the EU or India. Meanwhile, the U.S. dollar (DX=F) is down 10% for the year, which can indicate global concern about the U.S. economy. Historically, a weaker dollar is associated with higher gold prices. Learn more: How the dropping dollar could scramble Trump's agenda Current price of gold The opening price of gold futures on Wednesday is 0.1% higher than Tuesday's close of $3,439.20 per ounce. Wednesday's opening price marks a gain of 3.1% over the past week, compared to the opening price of $3,341.20 on July 16. In the past month, the gold futures price has gained 2.3% compared to the opening price of $3,365.90 on June 23, 2025. In the past year, gold is up 43.8% from the opening price of $2,395.80 on July 23, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. How to invest in gold As we've been saying all week, investing in gold is a four-step process, and today, we'll explore step 3, choosing a form. Once you define your target gold allocation, you must choose a form of gold to hold. Your three options are: Physical gold Gold mining stocks Gold ETFs Physical gold pros and cons Physical gold includes jewelry, gold bars, and gold coins. The advantages of physical gold include: Readily accessible for use. If you keep your physical gold at home, it is easily available for you to use as a medium of exchange in an economic emergency. No added volatility or ongoing fees. Gold mining stocks tend to rise and fall with gold prices, and business-related factors enhance their volatility. Gold ETFs charge administrative fees in the form of expense ratios. Learn more: Take a deeper dive into the gold sector The disadvantages of physical gold include: Risk of theft or loss. Physical gold must be properly secured. Whether you store it in your home or with a depository, gold can be stolen. Lower liquidity. Physical gold is less liquid than stocks or ETFs. If you are not using the gold as a medium of exchange, you may need to locate a dealer and pay a markup on the sale. Gold mining stocks pros and cons Owning shares in gold mining stocks provides indirect gold exposure. The advantages of mining stocks over physical gold include: Greater liquidity. Large-cap gold mining stocks like Barrick Gold Corporation (GOLD) and Franco-Nevada Corporation (FNV) generally enjoy a narrow bid-ask spread, which is a sign of liquidity. The bid-ask spread is the difference between what buyers will pay and what sellers will accept. Easy to store. Stocks live in your brokerage account and do not consume physical space. In normal times, this is an advantage. In an economic catastrophe, this could be a disadvantage if brokers or the stock market are temporarily shut down. Learn more: The top performing companies in the gold industry The disadvantages of owning gold mining stocks include: Greater volatility. Since 2000, gold mining stocks have risen and fallen faster than gold spot prices. And in recent years, gold mining stocks have trended down even as gold has gained value. No utility as a medium of exchange. Gold mining stocks can appreciate, but they have no direct utility as a medium of exchange. Gold ETFs pros and cons Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include: Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements. Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($GLD), are heavily traded which implies good liquidity. Tied directly to gold prices. ETFs backed by physical gold can be less volatile than gold mining stocks or gold mining ETFs. The disadvantages of gold ETFs include: Fund fees. Funds charge fees, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This translates to $4 in fees annually for every $1,000 invested. No utility as a medium of exchange. As with gold mining stocks, you probably cannot use ETF shares to trade for food in an economic emergency. Up Next Up Next Price-of-gold chart Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historic price of gold Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
Wall Street Journal
21-07-2025
- Business
- Wall Street Journal
Verizon Earnings Help Boost S&P 500 to New High
The latest batch of robust earnings results from major companies helped lift stocks to new highs on Monday, extending last week's record run. The S&P 500 gained 0.1% to close at its 10th record of the year. The Nasdaq Composite gained 0.4% to end the day at its 12th record of the year. The Dow Jones Industrial Average lost about 19 points.
Japan Times
19-07-2025
- Politics
- Japan Times
Record 21.45 million people vote early in Upper House poll
The number of people who cast their ballots by Friday under the early voting system for Sunday's Upper House election totaled 21,450,220, a record high for an election for either chamber of parliament, government data showed Saturday. The figure accounts for 20.58% of all voters, the internal affairs ministry said. Many people may have used the early voting system because the election day was set for the middle of a three-day weekend. Early voting for the Upper House election began on July 4, a day after the start of the official campaign period. The number is expected to increase once Saturday's voters are included. The previous record for early voters was 21,379,977 in the 2017 election for the Lower House. The record high for an Upper House election was 19,613,475 in 2022.
