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Treasury Secretary Bessent Faces Congress as Fed Probe Looms Over Hearings

Treasury Secretary Scott Bessent heads to Capitol Hill this week for testimony, with lawmakers poised to question him for the first time since the Justice Department launched an investigation into Federal Reserve Chair Jerome Powell. The hearings are expected to focus on economic performance and regulatory policy, even as the shadow of the probe hangs over proceedings.

Business

Lennox Q4 Earnings: Analysts Press Management on Inventory Glut, Demand Outlook

Lennox International's fourth-quarter results fell short of expectations, with sales declining 11% amid persistent channel destocking and weak demand in residential and commercial HVAC markets. While management emphasized cost controls, analyst questions during the earnings call zeroed in on the timeline for recovery and the company's strategic pivots.