Markets are flat at midday. There's no drama. Yet. 'Not Yet' is also the theme of Federal Reserve Chairman Jerome Powell's testimony on Capitol Hill today. He is being grilled by Washington lawmakers on the state of the economy and everyone wants to know when the Fed will feel comfortable cutting interest rates. This is Powell's semiannual update. Today he testifies to the Senate and tomorrow he visits the House.

Carnival Corp. is a global cruise and vacation company primarily serving North America, the U.K., Germany, southern Europe, and South America. The company's portfolio of cruise brands includes names such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises, Seabourn, Costa, AIDA, and Cunard.

Markets are flat at midday. There's no drama. Yet. 'Not Yet' is also the theme of Federal Reserve Chairman Jerome Powell's testimony on Capitol Hill today. He is being grilled by Washington lawmakers on the state of the economy and everyone wants to know when the Fed will feel comfortable cutting interest rates. This is Powell's semiannual update. Today he testifies to the Senate and tomorrow he visits the House.

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw their deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. BNP Paribas and was asked to spin off its insurance and asset management divisions.