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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jun 26, 2025

Page

3

Stocks hover near record highs on global oil calm

Stocks steadied near records as markets paused after two big days fueled by hopes Israel Iran conflict won’t choke crude flows. The S&P 500 inched down 0.8 percent from its February high while the Dow slipped 0.2 percent and the Nasdaq rose 0.3 percent. FedEx fell 3.3 percent after mixed quarterly results. General Mills dropped 5.1 percent on weak revenue._GAINERS_: Bumble jumped 25.1 percent after announcing a 30 percent staff cut to save costs. QuantumScape up 30.9 percent on solid state battery breakthrough. Crypto-related stocks rose as bitcoin surged past $107,000, with Coinbase up 3.1 percent.

New York Uss U.S Israel Iran Wall Street FedEx General Mills Pillsbury Progresso Soups Bumble QuantumScape Montrago AMD Asml Holding N.V. At&t AbbVie Inc Abbott Laboratories Accenture PLC Adobe Amazon American Express Co Apple Avient Corp. Bank of America Berkshire Hatch B Caterpillar Chevron Corp Cisco Systems Inc Coca-Cola Consolidated Ir Costco Wholesale Corp Darden Restaurants Inc Diebold Nixdorf Inc Dine Brands Global Inc Diney 1 Eli Lilly and Company Emerson Electric Co Exxon Mobil Fifth Third Bancorp FirstEnergy Corp Ford Motor Co GE Aerospace Goldman Sachs Home Depot Honeywell International Huntington Bancshares IBM Intuit Inc Intuitive Surgical Inc Jpmorgan Chase & Co Johnson & Johnson Keycorp Linde Ple Lockheed Martin Corp Lowe's Lumen Technologies Inc Mastercard Inc McDonald's Corp. Merck & Co. Inc Meta Platforms Inc Microsoft Corp Morgan Stanley Insource Inc Nvidia Corp Netflix Inc Nordson Corp Northrop Grumman Corp Oracle Corp PNC Financial Services Gr Palantir Technologies Inc Parker-Hannifin Corp Pepsico Philip Morris Internat. Inc Procter & Gamble Qualcomm Inc RPM International Inc RTX Corp Royal Bank of Canada Salesforce Inc Sherwin-Williams Six Flags Entertainment C Smucker T-Mobile Tesla Inc Texas Instruments UPS UnitedHealth Group Inc VISA Verizon Walmart Wells Fargo Wendy's Otal Asset NAV Amrenbala Grfamrca Incamrca Invcamrca Nwprspctra Vanguard PrmCpAdmrl

Fed chief Powell warns tariffs may lift inflation in coming months

Fed Chair Jerome Powell told lawmakers tariffs could raise consumer prices over coming months. He said most officials favor rate cuts this year but want more data before move. Some GOP senators challenged his inflation view while Trump floated Powell replacement names.

Washington Federal Reserve Jerome Powell Donald Trump House Senate Powell Fed Senate Banking Committee GOP Pete Ricketts Nebraska Bernie Moreno Westlake Trump Moreno Supreme Court Wall Street Massachusetts Elizabeth Warren Banking Committee Warren

Oil prices steady as Middle East tensions ease

Prices cooled after a spike from Iran Israel tensions and a ceasefire in Iran's nuclear dispute. Brent and WTI fell over 6 percent, with Texas gas averages nudging up slightly while industry leaders tout energy security as insulation against future price shocks. Texas officials say robust production and infrastructure bolster resilience even as global risks remain.

Dallas Fed Middle East U.S Donald Trump U.S. Department of Energy Texas AAA Todd Staples Texas Oil & Gas Association Staples

Senate GOP revives food stamp cost share plan in Senate bill

The Senate Agriculture panel published revised cost share rules for SNAP in the reconciliation package. The change would require states to cover up to 15 percent of benefits starting 2028, easing House’s 25 percent share. Michigan warns of cuts to nearly 1.5 million recipients if imposed.

Washington Senate Senate Agriculture Panel Senate Agriculture John Boozman Sara Lasure Boozman Michigan U.S. House House U.S Kristen McDonald Rivet Bay City House Agriculture SNAP

Stock Market Footnotes and SEC Filing Delays

A fragmented stock market note discusses late SEC filings past half the period, warrants nuances, and mutual fund footnotes on redemption fees. It cites sources from Associates and mentions asset value impacts and penny-plain fund activity.

SEC

Also Mentioned on This Page

Stan Chee Associated Press Rome H, Powell Federal Reserve Board Senate Committee On Banking Capitol Hill Strait of Hormuz Morningstar Dbrs Saudi Arabia Iraq Kuwait Brent West Texas Intermediate Detroit News U.S. Capitol the Market In Review Buyankruptc DOW Trans S&p Wilshire
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