Shana Sissel, president & CEO of Banrion Capital Management, joined Cheddar News to discuss another down day on the last session of the month in trading as inflation, a restricted monetary policy, and layoffs continue to affect markets.
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Senate Will Grill Powell Over Fed Efforts to Tame Inflation
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
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Here are today's top business headlines you need to know.
Cheddar Morning News Briefings of March 7th
Cheddar Morning News Briefings
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Cheddar News breaks down the Department of Agriculture's recent efforts to make it harder for meat packagers to use the “product of the USA” label.
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The makers of Toblerone are stripping images of Switzerland's famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as they move some production to Slovakia.
The Day Ahead: Powell Testimony & Earnings
Cheddar News looks ahead to Tuesday as Fed Chair Jerome Powell will testify on Capitol Hill about the central bank's response to inflation. Earnings are also on tap from Dick's Sporting Goods, Stitch Fix and Crowdstrike.
Tesla Issues Model Y Recall Over Seatbelt
Tesla issued a Model Y recall over seatbelt issues.
WhatsApp Agrees To Be More Transparent With EU Over Privacy Policy
WhatsApp agreed to be more transparent with European regulators about privacy policy updates.
What You Need to Know About IRS Tax Audits
Mark Steber, chief tax information officer at Jackson Hewitt Tax Services, joined Cheddar News to explain what common red flags to look out for that could trigger tax audits.
