CNBC TechCheck Evening Edition: July 01, 2025
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CNBC
37 minutes ago
- CNBC
European markets set to open higher as traders assess global trade, economic outlook
General view of the City of London skyline, the capital's financial district, in October. Sopa Images | Lightrocket | Getty Images Welcome to CNBC's live blog covering all the action in European financial markets on Wednesday, as well as the latest regional and global business news, data and earnings. Futures data from IG suggests European markets will open higher, with London's FTSE looking set to open 0.2% higher at 8,804, Germany's DAX 0.4% higher at 23,803, France's CAC 40 up 0.5% at 7,702 and Italy's FTSE MIB up 0.6% at 39,841. The positive start expected in Europe comes as global markets assess the status of trade talks and the prospect of deals before U.S. President Donald Trump's 90-day reprieve from higher import duties expires on July 9. Traders are also digesting the latest comments from U.S. Federal Reserve Chair Jerome Powell, who said the central bank would have already cut interest rates if it weren't for U.S. President Donald Trump's tariff initiatives. Trump has repeatedly criticized Powell for the central bank's rate policy. U.S. stock futures were little changed overnight, after investors began the second half with a reduced appetite for technology stocks. Singapore stocks hit a record high overnight amid mixed trading in the Asia-Pacific region. — Holly Ellyatt European Central Bank President Christine Lagarde arriving for the morning session at the ECB Forum on Central Banking 2025 in Penha Longa Resort on July 1 in Sintra, Portugal. Horacio Villalobos | Corbis News | Getty Images European traders will be keeping an eye on more action from the European Central Bank forum in Sintra, Portugal, on Wednesday, with ECB President Christine Lagarde due to address policymakers today. CNBC has interviewed a number of central bank governors and officials at the forum, including ECB Chief Economist Philip Lane, Portugal's central bank Governor Mario Centeno and q It's widely expected that the ECB will lower its key rate, the deposit facility rate, in September, after data released Tuesday showed the euro zone inflation rate hit the central bank's 2% target. On the data front, unemployment figures are due from Spain, Italy and the wider European region. There are no major earnings reports in Europe on Wednesday. — Holly Ellyatt
CNBC
6 hours ago
- CNBC
Asia-Pacific markets set to open mostly higher as investors parse Fed's latest comments
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets are set to open mostly higher on Wednesday as investors digest the latest comments from U.S. Federal Reserve Chair Jerome Powell. Powell said Tuesday that the central bank would have already cut interest rates if it weren't for U.S. President Donald Trump's tariff initiatives. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 39,665 while its counterpart in Osaka last traded at 39,570, against the index's last close of 39,986.33. Australia's S&P/ASX 200 is set to open higher with futures tied to the benchmark at 8,558 compared to its last close of 8,541.1. Futures for Hong Kong's Hang Seng index stood at 24,170, higher than its last close of 24,072.28. U.S. stock futures were little changed early Asian hours after investors began the second half of the year with a reduced appetite for technology stocks. Overnight stateside, the three major averages closed mixed. The S&P 500 inched down 0.11% and closed at 6,198.01, while the Nasdaq Composite lost 0.82% to settle at 20,202.89. The blue-chip Dow was the outlier, gaining 400.17 points, or 0.91%, to end at 44,494.94. — CNBC's Sean Conlon and Tanaya Macheel contributed to this report. U.S. Federal Reserve Chair Jerome Powell walks to attend a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters Although Federal Reserve Chair Jerome Powell said last week that he expects policymakers to remain on hold until there's more clarity on the impact of President Donald Trump's tariffs on prices, the central bank may look to cut interest rates if there's a downturn in the labor market. "Occam's razor suggests that inflation is already stuck above target, with risks to the upside from tariffs over the next several months," wrote economist Aditya Bhave in a Tuesday note. "The Fed might still cut rates this year if there is compelling evidence of labor market deterioration. But the lack of progress on inflation raises the bar for cuts." Additionally, Bhave anticipates there could be much more impact to the U.S. economy from tariffs ahead. "An optimistic take on the data would be that the pickup in goods inflation reflects some preemptive price hikes ahead of the tariffs," he continued. "Still, there is most likely a lot more tariff-driven inflation in the pipeline." — Sean Conlon
Yahoo
7 hours ago
- Yahoo
'I Will Never Work Again': What Retirees Who Gave Up Work Completely Say About Life Now
More retirees are staying busy — but not everyone is working. Many retirees choose to stay connected to work, even if only part-time. Whether it's substitute teaching, freelancing, or picking up a fun side gig, plenty of retirees say they enjoy having a reason to get out of the house and some extra income to go with it. But that's not the whole story. In fact, a large group of retirees have stepped away from paid work entirely — and say they have no intention of returning. "I will never work again," one Reddit user wrote on the forum r/Retirement, launching a conversation that's gained momentum among those who identify as fully retired. These retirees aren't picking up side hustles or consulting jobs. They're done — and content to be. Don't Miss: Maximize saving for your retirement and cut down on taxes: . Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Among current retirees, 71% say they are not working in any capacity, according to a CNBC survey. While some continue working by choice or necessity, a quiet but firm group is opting out completely. For some, health plays a major role. One Redditor shared that a car accident 16 months into retirement left them unable to work — but also gave them clarity. Now, their days are focused on healing, enjoying time with their spouse, and planning small trips. "That's good enough for me," they wrote. Others say they've simply done their time. After decades of high-stress work, some retirees relish doing nothing at all — and don't feel the need to explain it. "I'm the person everyone says you shouldn't be," one 71-year-old wrote. "Don't 'do' much if anything — except what I like." That includes quiet mornings, staying up all night, and ignoring most scheduled social activities. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Contrary to the idea that work gives life purpose, many retirees say they find joy and fulfillment in everyday routines. One described retirement as "like being a kid again — except I have a car and money." Another shared how retirement gave him the chance to return to who he once was: "If my 16-year-old self showed up at the door to judge my life, I'd want him to feel like he finally got let off the leash." Many are keeping active in other ways — just not for pay. Some garden, race cars, read, or pursue hobbies. Others spend time with grandchildren or simply many current retirees have stopped working completely, younger adults may be more likely to stay engaged with work after retirement. Just 11% of future retirees say they plan to stop working entirely, according to the CNBC survey. For those unsure if they'll be ready to fully retire, continuing to work can offer both financial and emotional benefits. Experts say even part-time income can stretch retirement savings and boost Social Security payouts. But for those who can afford to stop working — and want to — the stories from fully retired Redditors offer an encouraging message: life after work doesn't have to be busy to be meaningful. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report This article 'I Will Never Work Again': What Retirees Who Gave Up Work Completely Say About Life Now originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
