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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Illumina CEO Resigns Amid Pressure From Activist Investor Carl Icahn
Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
Lawmakers Propose Weakening Rule for Airfare Price Transparency
“Any consumer can tell you that online airline bookings are confusing enough," said William McGee, an aviation expert at the American Economic Liberties Project. "The last thing we need is to roll back an existing protection that provides effective transparency.”
Next Week on the Street: Trump in Court, Fed Meeting and More Earnings
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
Google News Showcase to Launch This Summer
Google will launch its long-delayed News Showcase product this summer.
Walmart to Expand HIV Outreach Program
Walmart is expanding its HIV treatments, planning to add over 80 specialty facilities across nearly a dozen states by the end of the year.
IRS Estimates $1.5B in Unclaimed Tax Refunds
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
GM to Use Tesla Charging Stations
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
This Week's Top Stories: Bulls Run, Carvana Revs It's Engine & Tesla and GM Team Up
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Modelo Especial Dethrones Bud Light as America's Top-Selling Beer
Modelo Especial is now the top-selling beer in the United States, dethroning Bud Light after 22 years. In May, sales of Modelo Especial hit $333 million. That's up 15.6 percent from the same period last year.
