Heard on the Street Wednesday Recap: Coin Flip

What happened in markets Wednesday, before the Juneteenth holiday:
Stocks were little changed. The S&P 500 was fractionally lower, and the Dow Jones Industrial Average shed just 44 points. The Nasdaq Composite gained 0.1% (🎧 listen here).
The Federal Reserve held interest rates steady. Officials raised their forecasts for both inflation and unemployment this year. There was also wider dispersion among policymakers regarding expectations for the Fed's next rate moves.

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Business Wire

21 minutes ago

• Business Wire

CommScope Announces FiberREACH and CableGuide 360 Solutions for SYSTIMAX Portfolio

CLAREMONT, N.C.--(BUSINESS WIRE)-- CommScope (NASDAQ: COMM), a global leader in network connectivity, today announced the unveiling of the FiberREACH™ solution and the launch of CableGuide 360™ platform. Both fall within CommScope's SYSTIMAX® 2.0 portfolio—the FiberREACH solution is designed to help enterprise network providers quickly and reliably extend power and connectivity to support more devices and applications at the edge. CableGuide 360 platform will help providers to properly organize and protect the cables and patch cords. "Our customers are looking for trusted, extended-reach solutions and a more reliable cable management platform and we have listened.' ~Koen ter Linde, SVP and president, Connectivity & Cable Solutions, CommScope. Formerly known as CommScope's Powered Fiber Cable System (PFCS), the FiberREACH portfolio builds on this innovative solution by offering enhanced functionality while satisfying established customer requirements. The FiberREACH portfolio utilizes a range of hybrid cabling solutions to provide gigabit speeds to the network edge. As edge devices have evolved, the need for additional power has become essential; CommScope's FiberREACH portfolio now delivers up to 90W of power to the edge, supporting both power- and data-hungry devices. With these innovations, the FiberREACH platform meets the full range of Power over Ethernet (PoE) standards. The new CableGuide 360 platform, a class-leading suite of cable management solutions, is designed to protect copper and fiber cabling infrastructure with simplified installation that accelerates and densifies deployments. As adds and changes become more difficult, this solution is incredibly flexible and provides cable protection and application support in managing and protecting vertical and horizontal patching applications. 'Our customers are looking for trusted, extended-reach solutions and a more reliable cable management platform and we have listened,' said Koen ter Linde, SVP and president, Connectivity & Cable Solutions, CommScope. 'CommScope continues to enhance the SYSTIMAX 2.0 portfolio to adapt to the growing demands of global enterprise networks. FiberREACH and the CableGuide 360 platform represents a step forward in the cabling, cabling management and connectivity that our customers need to push more power and data to the edge. These solutions build on our unmatched end-to-end expertise and performance warranty offerings—giving our customers one more reason to choose CommScope to extend their networks.' FiberREACH Extending cabling innovation: Building on the highly successful GigaREACH™ XL portfolio, the FiberREACH platform utilizes a range of fiber types and copper gauges to provide customer-specific solutions. Edge power: Support for legacy, new and future architectures providing up to 90W PoE, with one power supply panel feeding up to 32 devices simultaneously. Compact, scalable: High-density performance that supports passive as well as active optical network architectures. Warrantied performance: End-to-end solutions with a 25-year extended product and application warranty. Fully PoE-compliant and compatible with Spanning Tree Protocol (STP) for redundant fiber connections and greater reliability. 90W PoE: Provides more power where needed, up to 350 meters away. CableGuide 360 Warrantied cable protection: support for higher cable densities and protection for copper and fiber cabling infrastructure. Faster, simpler installation: Designed for faster deployment and simpler management without extensive product training or technical expertise. Zero-U capacity and flexibility: Optimized for space efficiency in the vertical cable manager, with the ability to host multiple 19' panels vertically and half-width panels horizontally. Range of design options: Available in white, silver and black in variable widths and heights. The CableGuide 360 solution will be available globally late summer. The enhanced FiberREACH 90W PoE solution is also available globally. For more information, please visit the CommScope website. CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries. For additional trademark information see All other product names, trademarks and registered trademarks are property of their respective owners. About CommScope: CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world's most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what's next and invent what's possible. Discover more at Follow us on LinkedIn and X. Sign up for our press releases and blog posts. This press release includes forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise. Source: CommScope

Yahoo

24 minutes ago

• Yahoo

SR BANCORP, INC. ANNOUNCES PAYMENT OF QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

BOUND BROOK, N.J., June 20, 2025 /PRNewswire/ -- SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, announced that its Board of Directors has declared the payment of a quarterly cash dividend. The dividend of $0.05 per share will be paid on July 15, 2025 to stockholders of record as of June 30, 2025. David Orbach, Executive Chairman of SR Bancorp, Inc said: "We are pleased to be in a strong financial position giving us the ability to pay a cash dividend." About SR Bancorp, Inc. SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey commercial bank headquartered in Bound Brook, New Jersey that operates 14 branches in Essex, Hunterdon, Middlesex, Morris, Somerset and Union Counties, New Jersey. At March 31, 2025, Somerset Regal Bank had $1.07 billion in total assets, $780.8 million in net loans, $835.6 million in deposits and total equity of $195.1 million. Additional information about Somerset Regal Bank is available on its website, Forward Looking Statements Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions. Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, our ability to successfully integrate acquired operations and realize the expected level of synergies and cost savings, real estate market values in the Bank's lending area changes in the quality of our loan and security portfolios, increases in non-performing and classified loans, economic assumptions or changes in our methodology that may impact our allowance for credit losses calculation, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, the availability of low-cost funding, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company's operational or security systems or infrastructure, including cyber attacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged. Our actual future results may be materially different from the results indicated by these forward-looking statements. Except as required by applicable law or regulation, we do not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statement. View original content to download multimedia: SOURCE SR Bancorp, Inc. Sign in to access your portfolio

The Verge

24 minutes ago

• The Verge

Tesla's first robotaxi rides will have a ‘safety monitor' in the passenger seat

Tesla has begun sending out invitations for its highly anticipated robotaxi service, but there's one significant caveat: it's installing a 'safety monitor' in the front passenger seat, as previously reported by Electrek. The invites, which were sent to Tesla influencers and investors, say the human monitor will 'accompany you on your trip' when rides begin on June 22nd — a move that's at odds with Elon Musk's promise of fully unsupervised rides. Details about Tesla's robotaxi service have been slim in the weeks leading up to its launch, but Musk said in January that the company would launch its 'unsupervised' robotaxi service with 'no one in the car' this summer. Musk expanded on this in an April earnings call, saying the 10 to 20 Model Y vehicles would be remotely operated in the event of an emergency. Tesla's invitation outlines some requirements for robotaxi rides, including that riders must request service between 6AM and 12AM within a geofenced area, 'excluding airports.' It adds that 'service may be limited or unavailable in inclement weather,' which is often a challenge for autonomous vehicles. Invitees can bring one additional guest 18 or older. Over the past couple of months, Tesla has faced pressure from the National Highway Traffic Safety Administration, which has asked the EV-maker for more information about 'the ability of Tesla's system to react appropriately to reduced roadway visibility conditions.' Texas lawmakers have requested that Tesla delay its robotaxi launch until a revision to the state's autonomous driving law takes effect in September. It will require robotaxi services to get authorization from the Department of Motor Vehicles before operating without a human driver.