Latest news with #PCE
Yahoo
4 hours ago
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures rise as South Korea trade deal, Big Tech earnings boost sentiment
US stock futures rose as Wall Street weighed a new trade deal with South Korea and strong earnings from Meta (META) and Microsoft (MSFT). Futures attached to the Dow Jones Industrial Average (YM=F) inched up 0.3%. Futures attached to the benchmark S&P 500 (ES=F) rose 0.8%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) climbed 1.1%. After the bell on Wednesday, Trump announced the US had struck a trade deal with South Korea. The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff, according to Trump's post on Truth Social. "South Korea will be completely OPEN TO TRADE with the United States," the president wrote. Trump said that South Korea also agreed to $350 billion in US investments as well as purchases of liquified natural gas and other energy products. Just before the president revealed the new trade deal, earnings results from Meta (META) and Microsoft (MSFT) wowed Wall Street, sending the stocks of both tech giants soaring. Meta impressed investors with an earnings beat as well as stronger-than-expected guidance even as the company ramps up its AI spending spree. Microsoft also issued impressive results, showcasing the company's strength in cloud computing and AI. Stocks were mixed in during the day Wednesday after the Fed held interest rates steady for its fifth-straight meeting, with two Fed governors dissenting. Following the decision, Fed Chair Jerome Powell stressed "no decisions" had been made about a September rate cut, undercutting Trump's claim he had heard a September rate cut was coming. More critical releases for Wall Street land Thursday. In the morning, investors will get another clue as to the possible direction of interest rates with the release of the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index. Later in the day, Apple (AAPL) and Amazon (AMZN) will report their earnings results.
Yahoo
6 hours ago
- Business
- Yahoo
Are We Headed for a Market Earthquake? 5 Catalyst Events You Can't Ignore.
Markets are reaching all-time highs… but will they hold? This week is packed with massive events that could flip the trend. Here's what traders and investors should watch day-by-day. #1. The Fed is Expected to Hold, But Watch the Language The Federal Open Market Committee (FOMC) is expected to keep rates steady, again, at its July meeting this week. But don't tune out! Any hints about rate cuts in September could ignite market reactions. Plus, internal dissent is growing at the Fed, with two Trump-appointed governors potentially pushing for cuts. More News from Barchart Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Dear Microsoft Stock Fans, Mark Your Calendars for Aug. 1 Is Lucid Motors Stock a Buy, Sell, or Hold for July 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! #2. Inflation's Moment: The PCE Report The latest PCE data drops Thursday, and it's best-known as the Fed's favored inflation measure. If the PCE shows inflation cooling, that's favorable for a potential September rate cut. But if it heats up again? Expect more volatility. #3. Q2 GDP Recession Watch The first quarter of 2025 showed gross domestic product (GDP) swinging negative. If Q2 goes negative again, that's a technical recession. While most analysts think it's unlikely, a surprise drop would spook markets hard — especially with the Fed on hold. #4. Tariff Deadline Hits President Trump's trade deal with the EU is now official, including new 15% tariffs starting Aug. 1. But a deal with Canada is still missing. If no agreement is reached by Thursday, the U.S. could slap on 35% tariffs, throwing trade flows into chaos. #5. All Week: Earnings Bonanza This is the biggest earnings week of the quarter. Massive names like Apple (AAPL), Amazon (AMZN), Meta (META), Microsoft (MSFT), and Exxon (XOM) all report. So far, S&P 500 Index ($SPX) earnings are up 3.2%, beating expectations. But any surprise misses from these giants could rattle sentiment quickly. The Bottom Line Markets are climbing, but there's no shortage of landmines ahead. This week could mark the top… or fuel the next leg up. Stay alert, watch the data, and hedge your bets while the Cboe Volatility Index ($VIX) is still low. Watch our video breakdown to get the full scoop on incoming volatility catalysts: Follow our daily posts on Instagram for breaking market insights, and check out our tools to track earnings trades in real-time. On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Economic Times
19 hours ago
- Business
- Economic Times
FOMC July 2025 meeting: Jerome Powell's rate cut decision speech tonight. What to expect and where to watch live?
The U.S. Federal Reserve will conclude its July FOMC meeting tonight, with Chair Jerome Powell set to deliver a pivotal speech amid global rate-cut speculation. While the Fed is likely to keep interest rates unchanged, investors will watch for any shift in Powell's tone that could hint at a future policy pivot. The address will stream live at 11:30 PM IST on the Fed's YouTube channel and website. Tired of too many ads? Remove Ads What to expect from the FOMC meeting outcome? Tired of too many ads? Remove Ads Where to watch the FOMC briefing live The Fed's X (formerly Twitter) account: The Fed's official website: Upcoming FOMC Meetings in 2025 September 16–17 October 28–29 December 9–10 The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve concludes its two-day policy meeting tonight (IST), with Fed Chair Jerome Powell scheduled to deliver a crucial address that could shape global investor meeting, which began on July 29, will wrap up on July 30 and is expected to offer clarity on whether the Fed will continue to hold rates steady or lay the groundwork for a future policy FOMC meeting comes shortly after a public face-off between Powell and U.S. President Donald Trump, adding a layer of political tension to tonight's the central bank is expected to keep the benchmark interest rate unchanged, market participants will be closely parsing Powell's commentary for any subtle shift in tone — especially in light of the most recent U.S. inflation indicators, including CPI and PCE data for Fed's latest decision arrives at a time when investors are split on whether Powell will maintain his current hawkish rhetoric or pivot toward a more dovish no rate cut expected in this round, the focus will remain squarely on Powell's press conference and the language used in the accompanying policy statement. Global equity, bond, and currency markets are expected to respond instantly to any deviation from current can watch the live proceedings on the official YouTube channel of the Federal Reserve ( ). The address is scheduled for 2:00 PM ET on July 30 (which is 11:30 PM IST on Wednesday), with a press briefing expected to follow soon addition to YouTube, the speech and press conference will also be streamed live on:Following the July meeting, the remaining FOMC meetings for the year are scheduled as follows:Also read: NSDL IPO: Peer CDSL turned multibagger with 12x gains since listing. Can history repeat itself? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20 hours ago
- Business
- Time of India
FOMC July 2025 meeting: Jerome Powell's rate cut decision speech tonight. What to expect and where to watch live?
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve concludes its two-day policy meeting tonight (IST), with Fed Chair Jerome Powell scheduled to deliver a crucial address that could shape global investor sentiment. The meeting, which began on July 29, will wrap up on July 30 and is expected to offer clarity on whether the Fed will continue to hold rates steady or lay the groundwork for a future policy shift. This FOMC meeting comes shortly after a public face-off between Powell and U.S. President Donald Trump, adding a layer of political tension to tonight's announcement. While the central bank is expected to keep the benchmark interest rate unchanged, market participants will be closely parsing Powell's commentary for any subtle shift in tone — especially in light of the most recent U.S. inflation indicators, including CPI and PCE data for June. What to expect from the FOMC meeting outcome? The Fed's latest decision arrives at a time when investors are split on whether Powell will maintain his current hawkish rhetoric or pivot toward a more dovish stance. With no rate cut expected in this round, the focus will remain squarely on Powell's press conference and the language used in the accompanying policy statement. Global equity, bond, and currency markets are expected to respond instantly to any deviation from current expectations. Where to watch the FOMC briefing live Viewers can watch the live proceedings on the official YouTube channel of the Federal Reserve ( ). The address is scheduled for 2:00 PM ET on July 30 (which is 11:30 PM IST on Wednesday), with a press briefing expected to follow soon after. In addition to YouTube, the speech and press conference will also be streamed live on: The Fed's X (formerly Twitter) account: The Fed's official website: Upcoming FOMC Meetings in 2025 Following the July meeting, the remaining FOMC meetings for the year are scheduled as follows: September 16–17 October 28–29 December 9–10 Also read: NSDL IPO: Peer CDSL turned multibagger with 12x gains since listing. Can history repeat itself? ETMarkets WhatsApp channel )
Daily Mail
a day ago
- Health
- Daily Mail
I learned the toxic truth about my idyllic childhood camp... are your children at risk too?
On my wall hangs a photo of a seven-year-old me in a small yellow sailboat with my father beside me, holding lines while I steered the boat. It was the start of many years of sailing on the Toms River and Barnegat Bay in New Jersey, where I spent summers in an idyllic small town surrounded by family. As a child, I didn't question the absence of fish, the scum lining the shore or its faint foul odor. For eight years, I swam in a river that had once been a toxic dumping ground for a plant owned at the time by Ciba-Geigy, a chemical company that churned out dyes, plastics, and adhesives seven miles northwest. The toxic waste from Ciba-Geigy's plant was later linked by state health officials to a cluster of childhood cancers - over 100 cases in around 15 years - just a few miles from my grandparents' house. A flood of toxins seeped into the area's groundwater and sickened hundreds of children. State health data has since shown that, for decades, every glass of water filled in Toms River carried trace amounts of toxic chemicals. Not many people were aware of the dumping. According to my dad, who grew up in a small town next to Toms River, 'We didn't know anything about it until it came out later with the cancer cluster. 'I remember when it was just rumors and everyone was like it couldn't be, everyone loves Ciba-Geigy.' When Ciba-Geigy opened in 1952, it revived Toms River's economy with hundreds of jobs. A long-time Toms River resident, Summer Bardia, told her Uncle Ed, who worked at Ciba-Geigy for 10 years, 'would come home and he'd sweat out the different colors that he was working with that day.' 'My Uncle Ed knew something was wrong, as did his co-workers at the plant,' Bardia said. 'He took his clothes off and got into the shower as soon as he got home from work.' Ed developed rare bladder cancer, brain tumors, and dementia. While she can't prove it, Bardia said the connection between her uncle's workplace exposure and his diseases seems undeniable. Dye production uses several cancer-linked chemicals, and EPA investigations found the company's runoff contained suspected or known carcinogens like benzene, chromium, lead, arsenic and mercury. It also uses tetrachloroethene (PCE), which has been shown to double bladder cancer risk and raise risk of nervous system cancers, and trichloroethene (TCE), which raises leukemia risk two to five times. For decades, the company dumped toxic wastewater into unlined pits, allowing carcinogens linked to bladder, brain, and kidney cancers and leukemia, to leach into the groundwater and flow into Toms River. Under pressure from outraged residents of Ocean County, Ciba-Geigy stopped dumping waste in lagoons, instead pumping it 10 miles offshore, until a 1984 pipe rupture spewed black sludge. By the mid-1970s, the town saw a disturbing spike in childhood cancers. Before merging into Toms River, Dover Township recorded 90 childhood cancer cases over 17 years—far above the 67 expected. Leukemia in young girls stood out, with seven cases instead of the expected 2.7. In Toms River, 24 cases were recorded where just 14 were expected, including 10 in young girls, most of which were brain cancer and leukemia. The toll was worst among preschool girls. Brain cancers were at least 10 times the normal rates and leukemia rates were eight times the national baseline for girls that age. Scientists confirmed these weren't random flukes. The data matched patterns near other toxic waste sites around the US. The Ciba-Geigy campus was designated a Superfund site in 1983. I would be lying if I said I wasn't worried for the kids in towns along the river beginning their sailing programs every summer and the older long-time residents who still love to sail. I would also be lying if I said I didn't feel a bit of trepidation when I turn on the faucet at my grandparents' house, where the water has a slightly odd smell. I ask myself now if it's due to old metal pipes or a remnant of corporate wrongdoing. The plant shut down all operations in 1996. The chemical company BASF acquired it in 2009, inheriting all clean up responsibility. The EPA oversight has shrunk Toms River's toxic plume, but full cleanup is years away. Alec Boss, communications and outreach coordinator for the activist group Save Barnegat Bay, called cleanup efforts 'woefully inadequate.' Contaminated groundwater is being pumped out, treated, and discharged back into the ground. Boss told 'Imagine that you come up to a pond filled with this horrible pond scum and nasty bacteria, you get a cup of this dirty pond water and one of those iodine tablets that you would take if you were going camping, and you put that in that cup and you clean up that water, and then you just dump that back into the pond. 'That's essentially what they're doing.' Diane Salkie, EPA's remedial project manager for the site, told members in a webinar that 'we've probably gone down about 40 percent, maybe there's about 60 percent [of the toxic plume] remaining, but that's very ballpark.' However, the ocean is much cleaner now, Bardia said. 'I love jumping in those ocean waves. I love bringing my family and friends and showing them how clean the ocean is now, looking at all the dolphins and the whales and the rays.' The river is cleaner, too. I've noticed when I go back to Island Heights it's bluer and I no longer see foam at the shoreline. Ocean County still suffers high cancer rates, with 524 cases per 100,000 compared to the state average of 474 per 100,000. The national rate is still lower at about 444 cases per 100,000. A statement from BASF said: 'We want to be clear that a significant amount of work has been done over the past 30 years, and the US EPA has determined that the site currently poses no risk to human health and the environment. 'BASF will continue to work with the US EPA and NJDEP until all federal and state requirements are met. While US EPA has stated that full remediation of the groundwater plume may take several more years, this is typical of larger groundwater cleanup efforts.' But the EPA-supervised cleanup only treats the former plant site, not the broader community's toxic burden. Bardia said: 'What about the rest of Toms River? What about the area around the pipeline? What about all those backyards with all that soot that landed on people's homes and yards? 'I don't want to scare people away, but I want them to know that this fight is still going on.'
