Watch Fed Chair Jerome Powell testify live before the House financial services panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is set to testify on Capitol Hill before the U.S. House Financial Services Committee on Wednesday.The appearance...

The Fed may soon cut interest rates. That could make your next trip abroad more expensive

SeongJoon Cho/Bloomberg via Getty ImagesThe U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers.That’s due to how interest-rate policy affects the...

Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more

Check out the companies making headlines before the bell: Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight...

China’s inflation numbers miss expectations, rising 0.2% in June

Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty ImagesBEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with...

Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped about 2.5% following KeyBanc’s price target hike to $180, which implies about 40% upside from Monday’s close. The firm said demand for...