Federal Reserve Chair Jerome Powell will defend interest rate levels at a hearing before the U.S. Senate; BP (BP) shares are falling in London trading after it disclosed second-quarter impairment charges that could total up to $2 billion; Intel (INTC) shares are continuing to rise in premarket trading on momentum over a report highlighting its positioning in the growing artificial intelligence (AI) marketplace; Chipotle (CMG) shares are edging higher after sinking Monday on fading optimism over its stock split; and Disney (DIS) announces a new Tokyo-based cruise ship. U.S. stock futures are rising ahead of Powell’s testimony. Here’s what investors need to know today.
Market watchers are focused on remarks today from Federal Reserve Chair Jerome Powell, who will begin the first of two days of congressional testimony this morning at a 10 a.m. ET hearing of the Senate banking committee. Powell will discuss the …