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.

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Ford Recalling 169,000 Vehicles to Replace Rear Cameras

Ford is recalling 169,000 vehicles to replace rearview cameras.

Robinhood to Buy Back Sam Bankman-Fried's Shares

Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.

Walgreens CEO Steps Down

Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.

FTC Allows Amgen to Buy Horizon for $27.8 Billion

The Federal Trade Commission has given the green light to Amgen's purchase of Horizon Therapeutics.

Mortgage Rates Down This Week After Several Increases

Mortgage rates were down this week after being up for the past five weeks.

U.S. Adds 187,000 Jobs in August

U.S. job growth remained strong in August but showed signs of cooling.

Hyundai, LG to Invest Additional $2B in EV Battery Plant

Hyundai, LG to Invest Additional $2B in EV Battery Plant

All Three Stock Indexes Down in August

All Three Stock Indexes Down in August

U.S. Adds 187K Jobs in August; Unemployment 3.8 Percent

U.S. Adds 187K Jobs in August; Unemployment 3.8 Percent

U.S. Employers Added a Solid 187,000 Jobs in August in Sign of a Still-Resilient Labor Market

The nation's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

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